Objective
This proposal emphasizes the importance of deploying Gains Network (G-Trade) on additional Ethereum Virtual Machine (EVM)-compatible blockchains to capture new markets, increase transaction volume, and boost platform revenues. The recent success with APE Chain highlights the potential of expanding to more chains and replicating this growth.
Context and Observations
Success with APE Chain
- Before APE Chain’s integration, Arbitrum represented between 60% and 80% of all transactions on Gains Network.
- Following APE Chain’s deployment:
- Trading volumes on APE Chain are now comparable to those on Arbitrum.
- This has resulted in an overall increase in platform trading activity of approximately 70%.
- APE Chain’s performance demonstrates the substantial benefits of expanding to additional EVM-compatible chains.
Why Expand to More EVM Chains?
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Proven Scalability:
- Gains Network has shown the ability to scale successfully across chains, with both Arbitrum and APE Chain contributing significantly to trading volumes.
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Untapped Opportunities:
- Many high-potential EVM chains, such as BNB Smart Chain, remain untapped. These chains offer large user bases and robust DeFi ecosystems.
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Higher Trading Volume and Revenue:
- Deploying on additional chains can replicate the success seen with APE Chain, further increasing trading volume and transaction fees.
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Market Leadership:
- Expanding to emerging and established chains allows Gains Network to strengthen its position in the decentralized perpetual trading market.
Recommended EVM Chains for Deployment
Priority Chains
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BNB Smart Chain (BSC):
- A large DeFi ecosystem with significant Total Value Locked (TVL) and high user activity.
- BSC’s scalability and popularity make it a top priority for Gains Network’s expansion.
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Tron:
- Known for its fast transactions and low fees, Tron offers access to an underdeveloped DeFi ecosystem.
- This provides an opportunity for Gains Network to become a market leader in perpetual trading.
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Avalanche:
- While GMX is already active on Avalanche, it remains a viable option for Gains Network to explore. Its established but growing ecosystem can still offer opportunities for user acquisition.
Additional Chains to Consider
- Optimism:
- A rapidly growing Layer 2 solution with increasing adoption and active trading volumes.
- Other Top 10 EVM Chains:
- Chains with high TVL and user engagement should be considered to further diversify Gains Network’s reach.
Potential Impact of Expansion
Increased Volume and Revenue
- Based on APE Chain’s success, adding more high-potential chains could lead to a 50-70% increase in overall trading volume.
- Additional revenue from transaction fees can be reinvested into platform development, marketing, and future expansions.
Broader User Base
- Each new chain provides access to unique communities of users, increasing Gains Network’s market presence.
Strengthened Market Position
- Expanding to more EVM chains ensures Gains Network remains competitive against platforms like GMX, DYDX, and Hyperliquid.
Implementation Strategy
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Technical Assessment:
- Ensure seamless compatibility of Gains Network’s infrastructure with target chains.
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Phased Deployment:
- Prioritize BNB Smart Chain and Tron, followed by Avalanche and Optimism based on demand and feasibility.
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Community Engagement:
- Collaborate with local communities on new chains to build awareness and attract traders.
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Performance Monitoring:
- Track metrics on new chains to measure success and inform future decisions.
Conclusion
The success of APE Chain, which increased overall trading volume by 70%, demonstrates the potential of deploying Gains Network on more EVM-compatible chains. By prioritizing BNB Smart Chain and Tron, Gains Network can capture new markets, boost transaction volumes, and increase revenue.
Expanding to additional chains aligns with Gains Network’s vision of becoming a global leader in decentralized perpetual trading, ensuring sustainable growth and readiness for the next market cycle.
