• Gains Network, a decentralized exchange (DEX), has experienced extraordinary growth in a short time, hitting over $1.5 billion in volume on the Arbitrum blockchain around a month after its launch.
• The exchange allows users to trade financial derivatives of different assets, including tokens, U.S. stocks, and indexes, by pairing user trades with smart contracts.
• In the preceding 24 hours, users completed trading activity totaling over $220 million.

Gains Network, a decentralized exchange (DEX), has seen tremendous success in its short run, hitting over $1.5 billion in volume on the Arbitrum blockchain just a month after its launch. This growth has been largely attributed to the trading activities of users on Polygon, where the network was first introduced.

Gains Network provides users with the opportunity to trade financial derivatives of different assets, including tokens, U.S. stocks, and indexes, by pairing user trades with smart contracts. This allows global traders to trade U.S.-listed commodities without relying on banks or having to go through the rigorous Know Your Customer (KYC) procedure.

The trading activity on Arbitrum has been extremely successful, with over $25 billion in transaction volume taking place without the assistance of any third parties. This success has been beneficial to the network’s native GNS token, which has seen increased liquidity due to the trading activity. In the past 24 hours, users have completed trading activities totaling over $220 million. Of that amount, $120 million was from cryptocurrency futures and $70 million from instruments tracking foreign exchange (forex).

To further incentivize users, Gains Network recently launched a trading competition offering traders $1 million in rewards. This competition has seen a huge response, with over 4,000 traders participating, generating over $400 million in trading volume.

Overall, Gains Network has seen tremendous success in just a short period of time, and with its user-friendly platform, it is likely to continue to experience growth and success in the future.

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