Description
GMX is a decentralized spot and perpetual exchange launched in 2021, operating on the Ethereum and Avalanche blockchains. It notably supports up to 30x leveraged trading on assets like BTC and ETH, offering high-risk, high-reward opportunities. Its exchange model features low swap fees and zero price impact trades, leveraging multi-asset liquidity pools that aggregate market making, swap fees, and leverage trading revenues. The platform employs a dual-token system where GMX tokens offer governance rights, while GLP tokens provide liquidity pool rewards. GMX ensures robust trading by utilizing Chainlink Oracles and TWAP pricing for dynamic and secure price feeds. Boasting a circulating supply of around 9.5 million GMX tokens, it has been actively traded in up to 409 markets with daily volumes sometimes exceeding $103 million. This exchange combines Ethereum's security with Avalanche's speed, ensuring a flexible, low-cost trading environment. More information is available at GMX.io.
GMX is a decentralized spot and perpetual exchange launched in 2021, operating on the Ethereum and Avalanche blockchains. It notably supports up to 30x leveraged trading on assets like BTC and ETH, offering high-risk, high-reward opportunities. Its exchange model features low swap fees and zero price impact trades, leveraging multi-asset liquidity pools that aggregate market making, swap fees, and leverage trading revenues. The platform employs a dual-token system where GMX tokens offer governance rights, while GLP tokens provide liquidity pool rewards. GMX ensures robust trading by utilizing Chainlink Oracles and TWAP pricing for dynamic and secure price feeds. Boasting a circulating supply of around 9.5 million GMX tokens, it has been actively traded in up to 409 markets with daily volumes sometimes exceeding $103 million. This exchange combines Ethereum's security with Avalanche's speed, ensuring a flexible, low-cost trading environment. More information is available at GMX.io.
