Skip to main content

Head-to-head · Perp DEXs

GMX vs Drift Protocol GMX leads by 19 points.

GMX scores 19 points above Drift Protocol, which no longer operates (since 2026-04-01) and scores zero on the criteria block. GMX ranks #6 and Drift Protocol #11 of 12 published perp DEXs. Every term of the gap is on the ledger below; the inputs are on the audit receipt.

GMX60
Drift Protocol41
Scores are out of 100; published scores fall within 41–99 · ranks #6 and #11 of 12
Methodology v2026.10.18Ranking snapshot 2 published criteria5 score dimensions Receipt #cc-VS-GMX-VS-DRIFT-PROTOCOL-4e07a37f
Published verdictRanking snapshot 3 November 2026

GMX leads by 19 points

GMX scores 19 points above Drift Protocol, which no longer operates (since 2026-04-01) and scores zero on the criteria block.

GMX #6 of 1260
Drift Protocol #11 of 1241
Scores are out of 100; published scores fall within 41–99; a bar is empty at 41 and full at 99.
Why, term by termGMX leads on 0 of 2 published criteria; Drift Protocol on 0. The terms sum to the gap.
TermGMXDrift ProtocolWeightPoints
Published criteriaScore dimension17.8030+46.3for GMX
Net of the terms+46.3
Reproduced gap+46.3
Published gapAfter score rounding and bounds — see the note below6041+19.0

Weight is in points of the 86-point weighted total. Points are score points of the gap between the two.

  • EligibilityDrift Protocol no longer operates (since 2026-04-01): its criteria block is zeroed
  • This ranking scores its published criteria from the record as a whole, not criterion by criterion, so they count here as one term and no single criterion is credited.
  • Drift Protocol no longer operates (since 2026-04-01) and is kept for reference: the engine zeroes its criteria block, whatever its cells say.
  • A row-above bound on one row means the criterion arithmetic does not reproduce the displayed gap exactly.
Quick facts

At a glance

2 of 5 rows read the same for both.
FactGMXDrift Protocol
PricingSnapshotModel: oracle-priced GM pools (v2; v1 GLP wound down), keeper-executed. Since 2021. Arbitrum/Avalanche/MegaETH (gmx.io also names Solana). Contract-custodied (GMX bank/vault contracts). Extensively audited (v2); July-2025 ~$42M v1 GLP re-entrancy exploit (mostly recovered, v2 unaffected). Up to 100x. Fees (GMX docs "Fees", read 3 November 2026): "The position fee is 0.04% or 0.06% of the position size.", 0.06% when a trade increases the long/short open-interest imbalance and 0.04% when it reduces it. Live TVL shown for context (DefiLlama, dated), not scored.Model: hybrid orderbook + AMM + JIT (Solana). Live by 2022; closed, program paused since 1 April 2026 (status feed read 2026-11-03: "Drift is being paused until further notice due to irregular activity in the protocol."). Contract-custodied, admin-controlled. Audited (Trail of Bits, Neodyme); fund-loss events (2022 $14.5M market manipulation, returned; April-2026 $295M admin-key compromise; DFX recovery-token claims opened 1 October 2026). Up to 101x (as advertised on drift.trade). No live fee schedule while paused. Live TVL shown for context (DefiLlama, dated), not scored.
Asset coverageEditorial——
Region fitSnapshoteurope, globalglobal
Custody modelSnapshotContract-custodiedContract-custodied
Security postureSnapshotExtensively audited; admin-controlled contracts; an exploit that lost user or LP funds (2025, rated severe).Audited; admin-controlled contracts; an exploit that lost user or LP funds (2026, rated severe).
From the published criteria

Which should you pick?

GMX

60#6 of 12
Leads
Pick it when
GMX leads on no published criterion; its edge is published criteria (17.8 vs 0 points). Pick it if that term is what you are buying.
Strength
Oracle-priced pool model with an extensively audited v2
Tradeoff
A July-2025 re-entrancy exploit drained ~$42M from the v1 GLP pool (mostly recovered + reimbursed; v2 unaffected) — weigh its security record

Drift Protocol

41#11 of 12
Pick it when
Drift Protocol leads GMX on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.
Strength
Nothing — Drift is closed; its program has been paused since 1 April 2026
Tradeoff
Closed: the Drift program has been paused since 1 April 2026 and no market can be traded; Velocity, where the Drift app now redirects, is a separate new program with no Drift state carried over
Self-identify in 10 seconds

Which one is actually for you?

GMXLeads

GMX leads Drift Protocol on no published criterion

  • Choose it only if something outside the published criteria decides for you — your country, a funding rail, or custody.
Drift Protocol

Drift Protocol leads GMX on no published criterion

  • Choose it only if something outside the published criteria decides for you — your country, a funding rail, or custody.
Criterion by criterion

Scorecard

Published criteria · weight in points of 860 of 4 cells scored. Strength is read from the evidence file; the weight is the published one. Methodology

Security

weight 14.4 of 86Not scored
GMXNot scored

No evidence cell for this criterion, so no strength is drawn.

Drift ProtocolNot scored

No evidence cell for this criterion, so no strength is drawn.

Decentralization

weight 9.6 of 86Not scored
GMXNot scored

No evidence cell for this criterion, so no strength is drawn.

Drift ProtocolNot scored

No evidence cell for this criterion, so no strength is drawn.

Score dimensions

weights sum to 86

The published score is five dimensions, each weighted for the category. "Published criteria" is the criteria block above; the other four are the engine's own terms — availability, friction, trust record, measured data. Each bar is one side's points out of that dimension's maximum; the weight beside the name is its points of the 86-point weighted total. The published criteria above can fill 24 of the block’s 30. A weight marked “constant here” belongs to a dimension every ranked product in the category holds at the same value: it still counts in the total, and it orders nothing here.

Availabilityweight 20 of 86 · constant here
GMX14/20Drift Protocol14/20
Tie
Published criteriaweight 30 of 86
GMX17.8/30Drift Protocol0/30
GMX leads
Frictionweight 10 of 86 · constant here
GMX2.7/10Drift Protocol2.7/10
Tie
Trust recordweight 8 of 86 · constant here
GMX3.2/8Drift Protocol3.2/8
Tie
Measured dataweight 18 of 86 · constant here
GMX5.5/18Drift Protocol5.5/18
Tie
Decision rulePublished order

Choose GMX unless the term Drift Protocol leads on is the one you are buying.

Drift Protocol leads GMX on no published criterion and no score dimension — pick it only if a fact outside the score (country, funding rail, custody) decides for you.

The published order weighs every criterion the same way for everyone. To weigh them your way, run .

From the published order

Next best action

If this isn't your case

Other matchups worth comparing

How you can lose money here, and what the ranking scores
  • Contract failure: the code holding the funds is exploited.
    Scored by Security & track record · 60%
  • Control failure: a key or vote changes the rules, freezes or mints.
    Scored by Decentralization & trust-minimization · 40%
Not assessed by this ranking: Oracle failure, Insolvency failure, Regulatory failure, Execution failure, Exit failure. A high place says nothing about these; the Methodology tab says what each means.
Questions

Frequently asked questions

GMX scores 19 points above Drift Protocol, which no longer operates (since 2026-04-01) and scores zero on the criteria block. Published scores, out of 100: GMX 60 (rank 6 of 12 perp dexs), Drift Protocol 41 (rank 11 of 12).

Related pages

Go deeper

Reviewed Next review by Methodology v2026.10.18
How this page is reviewed

Reviewed means both products compared here was read against its sources on or after that date; every ranked category is re-read at least every 45 days. Models research, extract and parse. A deterministic engine ranks. Every quote passes an adversarial refute pass.

Accountable for this review: Mathias Siemonsmeier, Founder.

How we review · Review calendar · Corrections log · How we make money

Free advisorNo signup needed

Skip the comparison — get your best match

Answer a few quick questions and get one clear recommendation based on how you actually plan to use crypto — with rationale, tradeoffs, and a path to monitor the decision.

No signupFree first pass · PrivateNo spam · No account

Not financial advice · Independent · Always do your own research

Not financial advice · For informational purposes only · Always do your own research