gTrade Launches $400K Trick or Trade Contest on Arbitrum
gTrade, a decentralized perpetual trading platform by Gains Network, launches its Trick or Trade contest on Arbitrum from October 22 to November 19 with a $400,000 prize pool. The initiative reinforces Arbitrum’s role as gTrade’s primary ecosystem for deep liquidity and trading activity. The contest is funded by gTrade’s protocol treasury after receiving 4.5 million ARB from Arbitrum’s STIP incentives and 2.25 million ARB via STIP.B in 2024. All trades must use USDC collateral on Arbitrum. Two $200,000 tracks include a P&L leaderboard—ranking realized profit and loss across all pairs, including RWA and DEGEN markets—and a volume leaderboard with a time-weighted multiplier to reward longer positions. Project Lead Nathan said the competition celebrates the Arbitrum community and supports a more efficient trading environment. The contest aligns with gTrade’s roadmap to consolidate activity on Arbitrum while maintaining multi-chain access.
Bullish
The launch of a $400K Trick or Trade contest on Arbitrum is bullish for both gTrade and the Arbitrum ecosystem. Incentive-driven events typically boost trading volumes and attract new users, strengthening liquidity—key for decentralized platforms. Similar campaigns on other networks have driven short-term spikes in activity and long-term retention as traders chase rewards and develop platform familiarity. By focusing collateral and rewards on USDC-based trades on Arbitrum, gTrade consolidates its liquidity where user engagement is highest, improving market depth and efficiency. In the short term, expect increased order flow and network fees; in the long term, this strategic move can cement Arbitrum’s position as a leading layer-2 venue while expanding gTrade’s market share.