Since its inception, GMX has done well in volume growth and has managed to capture a fraction of dYdX’s pie. The average daily traded volume has surpassed USD $150M since the start of the year.
The GMX project has a clear roadmap for the future. The team plans to introduce new features and enhancements to the GMX network, with the aim of making GMX a leading copyright in the digital asset landscape.
EsGMX can also be vested over a one year period to yield regular GMX tokens. What makes this mechanism effective is that when esGMX is selected to be vested, the amount of GMX or GLP that was used to earn the esGMX is reserved.
This shows that the appetite for derivatives products such as perpetual remains strong despite the sour outlook of the current market.
The fast completion and zero price shock nature of GMX exchange assets make it ideal for high-volume OTC transactions. Still, the downside is that the GLP liquidity pool has a small selection of assets, which limits its potential for non-popular, long-tail assets.
GMX is founded by a more info completely anonymous team. However, it is known that the team has a track record of two other successful protocol launches in XVIX and Gambit.
GMX’s core product is its trading facilities. It allows users to conduct spot trading and perpetual contract trading. Users can leverage up to 30x on their trades thanks to its ability to leverage liquidity. GMX operates as an automated market maker (AMM).
The percentage of copyright customers who increased or decreased their net position in BTC over the past 24 hours through trading.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. GMX is the native utility and governance token.
As long as there is liquidity in the pool, the exchange will complete the transaction without the risk of not finding a counterparty to match and being unable to trade.
This is because many popular centralized futures exchanges like copyright or copyright block investors in these regions from accessing those services.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.io.
As long as there is liquidity in the pool, the exchange will complete the transaction without the risk of not finding a counterparty to match and being unable to trade.