# Gains Network (GNS) — crypto price, market cap and strength versus Bitcoin

> Gains Network trades at $0.4896 with a market capitalisation of $15.4M (rank 967). Over 90 days it is +8.5% against Bitcoin and sits below its 200-day average. Perps/Derivatives as a theme is -16.1% against Bitcoin over 13 weeks. Price readings run through 2026-07-31.

## Agent research brief

- What this coin is: Gains Network (GNS), a Perps/Derivatives token of $15.4M at market-cap rank 967. On-chain activity is sourced from protocol.
- What the tape says: +8.5% versus Bitcoin over 90 days; below its 200-day average. Perps/Derivatives as a theme is -16.1% against Bitcoin over 13 weeks.
- What the evidence supports: 52.2/100 inside Perps/Derivatives on 91% evidence (82% of it native activity). Cheap on network economics while activity contracts: investigate value-capture trap risk.
- What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. Gains Network does publish network fees, protocol revenue, total value locked.

Theme: Perps/Derivatives (/mla/crypto/sector/perps-derivatives). Price 2026-07-31; market-cap snapshot 2026-07-04.

## Price, returns and risk

Gains Network is -73% over one year, -9.8% over 90 days and -19.1% over 30 days. Annualised 30-day volatility is 47%. Its deepest fall from a high inside the last 90 days is 34%. It trades below its 200-day average, which is falling.

- Price: $0.4896
- Market cap: $15.4M (rank 967)
- Returns: 7d -8.0%; 30d -19%; 90d -9.8%; 180d -46%; 1y -73%
- RS versus Bitcoin, 90d: +8.5%
- 30-day volatility: 47% annualised; deepest 90-day fall 34%
- 200-day average: $0.6854, trading below it

## Protocol economics

Gains Network publishes 3 of the six network-economics series this site tracks: network fees, protocol revenue, total value locked. Network fees over the last four complete quarters is $9.6M. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter.

- Network fees: trailing four quarters $9.6M; change -26%; covered 16/20 quarters
- Protocol revenue: trailing four quarters $7.4M; change -30%; covered 16/20 quarters
- Total value locked: latest quarter $14.8M; change -45%; covered 19/20 quarters

## Research score

Gains Network: 52.2/100 — Illiquid · research only; 19.5 + 6.5 + 17.7 + 8.5 = 52.2; evidence 91%; native evidence 82%; rank 1 of 8 rated Perps/Derivatives coins
Decision use: Cheap on network economics while activity contracts: investigate value-capture trap risk.
This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters.

No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built.

## Perps/Derivatives scorecard

Gains Network is one of 12 Perps/Derivatives coins here, 8 of which carry enough evidence to be rated and ranked. Gains Network ranks 1 of those 8 on 91% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked.

- 1. Gains Network (GNS) [this coin]: score 52.2; evidence 91%; Illiquid · research only
- 2. GMX (GMX): score 49; evidence 12%; Illiquid · research only
- 3. Fulcrom (FUL): score 48.7; evidence 50%; Illiquid · research only
- 4. Genius (GENIUS): score 48.4; evidence 43%; Tape-led · on-chain proof incomplete
- 5. Avantis (AVNT): score 45.1; evidence 81%; Mixed · market gate closed
- 6. Mango (MNGO): score 44.8; evidence 50%; Illiquid · research only
- 7. ETHGas (GWEI): score 38.5; evidence 43%; Tape-led · on-chain proof incomplete
- 8. SynFutures (F): score 37.5; evidence 50%; Illiquid · research only

## Limitations

- Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders.
- Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag.
- No valuation band exists for any coin: historical market capitalisation is not held at all.
- Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred.
- The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal.

## FAQs

### What is Gains Network (GNS)?

Gains Network is a Perps/Derivatives cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol. It is one of 12 Perps/Derivatives coins on this site. Readings are as of 2026-07-31.

### What is the market cap of Gains Network?

Gains Network's market capitalisation is $15.4M, ranking it 967 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above.

### Is Gains Network beating Bitcoin?

Gains Network is +8.5% against Bitcoin over 90 days, and its own theme, Perps/Derivatives, is -16.1% over 13 weeks. It trades below its 200-day average as of 2026-07-31.

### Does Gains Network have a P/E ratio?

No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead.

### What is Gains Network's research score?

52.2/100 within Perps/Derivatives, ranked 1 of 8 rated Perps/Derivatives coins, on 91% evidence: 19.5 + 6.5 + 17.7 + 8.5 = 52.2. It is labelled “Illiquid · research only”. The score ranks research attention inside one theme, never portfolio action.

### How much Gains Network history does this page show?

Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics Gains Network actually publishes. Here that is network fees, protocol revenue, total value locked.

### Does Gains Network generate network fees?

Gains Network's trailing twelve-month network fees is $9.6M, down 25.9% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.