what is FTX ?

FTX Exchange is a leading centralized cryptocurrency exchange specializing in derivatives and leveraged products. Founded in 2018 by MIT graduate and former Jane Street Capital international exchange-traded funds trader Sam Bankman-Fried, FTX offers a range of trading products, including derivatives, options, volatility products, and leveraged tokens. It also provides spot markets in over 300 cryptocurrency trading pairs such as BTC/USDT, ETH/USDT, XRP/USDT, and its native token FTT/USDT.12

Bahamas-based FTX and its FTX US affiliate have overlapping management teams but separate capital structures. U.S. residents can only trade through FTX US.

GNS

• On this, the first section, we take a look at the the daily number of transactions and USD trading volume, before and after the collapse on the GNS platform.
• All three, daily active users and volume and transaction count rise right after the collapse by noticeable amount.
• The daily cumulative transaction count and trading volume show us that by the end of Nov 16th the volume is at 50.9M and the tx count is at 39.7k.
• Be mindful that the Nov 16th numbers were updated in the middle of the day and they are not accurate for the rest of the 24 hours so I suggest to have look at the charts again after 24 hours.

GMX

DYDX

• In this part we have the same info for GMX as we had for the last section for GNS.
• Except that the amount here are way more than the amount for GNS in all graphs.
• With a side by side comparison we can see that GMX was chosen over GNS more.

Appendix

• Author: Hojjat
• Discord: hojjat7878#8809
• Twitter: @hojjat8d
• Email: hojjat78delshad@gmail.com

The codes of this dashboard are copied from the following dashboard:

Thank you dear ==rayk==

• Lastly we have DYDX here and with a simple look we can say that GMX has more new users and even more number of transactions and volume.
• daily total USD volume of DYDX is 239M and almost half as GMX.

• Daily new users are at their peek on Nov 8th and 9th after the collapse and the total new users are 1336 till last updated on Nov 16th, 4:51pm

• The total number of unique users in almost 10 times as the Unique new users of GNS.

• The total amount of new unique users on this platform is approximately 1/4 of the GMX

Conclusion

• This article helps us to understand the situation of different platforms after the event of FTX Alamada collapse.
• As you can see the GMX gained more users and tx count and volume in the passed days after the collapse and clearly was the choice for the people who probably either escaped from FTX or just decided to work with these three platforms.
• This article will only cover the overall info of user count, tx count and total volume of transactions for a better study and understanding of the situation i suggest to take a look at other articles that covers the side effect of FTX collapse.

Question

Who's managing to escape from the FTX debacle mostly unscathed?

Create a single chart showing trading volume on dydx, gmx, and gns to show how people are exiting ftx and entering margin trading dapps.

Are they off-boarding through any other methods? Are any particular exchanges, chains, or dapps seeing large increases in new users or trading volume?

Note any trends or outliers you see.

Method

In this dashboard, 3 platforms Dydx, Gmx and Gns have been checked in the following parameters from October 17 until today:

• Daily USD Trading Volume
• Average USD Volume per transaction
• Daily Active Users
• Daily Trading Transactions
• Daily Cumulation USD Trading Volume
• Daily Cumulation Trading Transactions
• Daily New Users
• Total number of New Unique Users
• Daily Cumulation New Users

What is dYdX?

dYdX (DYDX) is a decentralized exchange platform for cryptocurrency margin trading for assets like BTC, ETH, SOL, DOT, and more.

The bulk of dYdX crypto margin trading products reside atop the Ethereum blockchain. However, the exchange recently rolled out on Layer 2 for instantly settled, inexpensive trades.

The hype around dYdX has intensified because the exchange finally presents a clear decentralized alternative to perpetuals exchanges BitMex, FTX, and Bitfinex. But the hype isn’t just about the product — it’s also about the DYDX airdrop. For some users, the airdrop’s value surpassed an astounding $100K.

What is gmx?

GMX is a decentralized, permissionless perpetual swap and spot exchange. Traders can use it to easily trade cryptocurrency on-chain just by connecting their wallets. GMX has a native token called GMX, which functions as a governance, utility, and value-accrual token for the GMX protocol. Users can stake GMX tokens and earn a portion of GMX’s protocol fees, plus benefit from other incentives. GMX currently supports the Arbitrum and Avalanche networks.

What is gns?

Gains Network (GNS) is a d__ecentralized__ trading platform where the users can trade cryptos and forex with leverage. Leverage refers to utilizing borrowed capital to trade cryptocurrencies or other financial assets. According to its whitepaper, theplatform aims to create a decentralized finance ecosystem of the future. Gains Network launched their first decentralized leverage trading platform on Polygon (Matic) blockchain, i.e., gTrade. The network claims that the unique architecture of gTrade makes it more capital efficient than competitors' platforms.

The Gains network intends to offer reward pools for its users. The stable vault assures a seamless trading experience for users, provides resilience to the system, and boosts the network's capital efficiency. The two reward pools offered by Gains Network are as follows:

DAI Vault: Anyone can stake DAI in the vault and earn DAI rewards based on the platform's volume.

GNS/DAI Pool: The user can access this pool only on the Polygon (Matic) mainnet and gets GNS rewards and dQUICK rewards for staking their LPs. dQUICK, often known as "Dragon's Quick," is the asset obtained by depositing Quick tokens into the staking contract.