Gains Network (GNS) Price Prediction

Deep Dive

1. Buyback & Burn Dynamics (Mixed Impact)

Overview:
Gains Network shifted from distributing staking rewards to burning 90% of Single Sided Staking (SSS) revenue in November 2024. This reduced daily sell pressure and contributed to a 60% price surge (Nov 14–Dec 6, 2024). However, critics argue the model relies on sustained protocol revenue and risks alienating yield-seeking stakers. A governance vote on extending the burn faces scrutiny over centralization risks, as ~100 wallets dominated the initial poll.

What this means:
While burns reduced circulating supply by ~1.3M GNS/month historically, demand depends on gTrade’s revenue growth. If trading activity stalls, buyback-driven gains may reverse.

2. gTrade v10 & Arbitrum Focus (Bullish Impact)

Overview:
The gTrade v10 upgrade (August 2025) improved liquidity depth and introduced fee discounts for GNS stakers. Recent integrations with Vooi (X post) enabled gasless 500x leverage trades, while the ongoing “Trick or Trade” competition on Arbitrum (Oct 22–Nov 19, 2025) incentivizes volume with a $400K prize pool.

What this means:
Higher trading activity directly fuels GNS burns (55% of fees). Arbitrum’s dominance in Gains’ revenue (63% of $5.5M May 2024 derivatives income) suggests consolidation here could stabilize cash flows.

3. Altcoin Sentiment & Competition (Bearish Impact)

Overview:
GNS faces dual headwinds:
- Macro: The crypto Fear & Greed Index sits at 24/100 (extreme fear), with Bitcoin dominance at 59.2%, stifling altcoin demand.
- Sector: Rivals like GMX outearn Gains 3:1 in derivatives revenue, per Arbitrum data.

What this means:
Without outperforming GMX in user growth or innovation, GNS could struggle for attention in a risk-off market. The 37% price drop since September 2025 aligns with broader altcoin weakness.

Conclusion

GNS’s path hinges on balancing deflationary tokenomics with product-led demand. The burn mechanism offers short-term supply shocks, but lasting gains require gTrade to capture market share from GMX via upgrades like v10. Traders should monitor weekly protocol revenue (tracking burn rates) and Bitcoin’s dominance trend. Can Gains sustain its 60% monthly volume growth on Arbitrum amid macro uncertainty?