Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
Solana's recent surge in perp volume is mainly driven by GM Trade by GMX, with ~$4B in volume yesterday and $220M OI.
Looks impressive at first glance, but both OI and volume are heavily inflated by airdrop farming.
On open interest:
• 90% is concentrated in FX pairs, which are low volatility and low fees. Farmers are parking positions open without actively trading them.
On volume:
• Majors like SOL, XAU, XAG, BTC and ETH are doing the heavy lifting, with volume-to-OI ratios of 50x-300x. For reference, SOL/BTC on Hyperliquid runs at a 1-2x volume-to-OI ratio.
Solana being cheap and fast makes the open/close churn economical. That's why designing a points program is criticial, to incentivise long-term behaviour and metrics.