Product Comparison

	Uniswap	dYdX	GMX	MarginX
Market	Spot	Perpetual	Perpetual	Perpetual
Automated Market Maker	AMM	N/A	N/A	ALO Automated Limit Order Book Market Maker For Perpetual Market
Order Book	N	Y	N	Y
Listing Permission	Permissionless	N	N	Permissionless
LP Token Utilization	N	N	N	Y
Model	Peer To Pool	Peer To Peer	Peer To Pool	Peer To Pool + Peer To Peer
Third Party Market Making	Not Allowed	Allowed	Not Allowed	Allowed