Introducing price impact, giving trades that promote balance better pricing and imposing negative price impact on trades that increase imbalance.
Although the GMX exchange went live on the Arbitrum blockchain network in September 2021, its prototype was completed as early as November 2020. Because GMX overcame many of the difficulties encountered when using decentralized exchange services, it was well received shortly after its launch and has been running on the Avalanche blockchain network since January 2022, with further expansion to other blockchains planned for the future.
$GLP holders have exposure to all of these assets, as well as trading fees and some rewards in the form of $esGMX tokens.
Additionally, 86% of the current circulating supply is staked on the platform showing investors’ trust in the project despite the bear market.
GMX is built on the Arbitrum, and Avalanche GMX provides trading services for spot and perpetual contracts on the chain. GMX supports up to 30x leverage, and users can enjoy low transaction fees and near-zero spreads.
Users should be cautious of CEXs that currently offer no-KYC services, as history has shown that many popular platforms initially allowed pelo-KYC trading but eventually adopted KYC to comply with regulatory pressures.
GMX is built on the Arbitrum, and Avalanche GMX provides trading services for spot and perpetual contracts on the chain. GMX supports up to 30x leverage, and users can enjoy low transaction fees and near-zero spreads.
The Completa number of coins that will ever be created for the copyright, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
In this article, we’ll delve into what sets GMX apart from other decentralized exchanges, discuss its unique features, and explore how it’s poised to succeed in the upcoming copyright bull market.
This level provides full access to futures trading and up to 150x leverage without any restrictions, making it ideal for traders who prioritize both privacy and high leverage.
There are multiple competitors within the DeFi space that also offer perpetual futures. At the same time, there is the looming threat of centralized exchanges that will always have a portion of the market share.
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This is a major check here leap forward, as it enables the creation of markets without the need for governance approval, thus streamlining the trading process.
Even as GMX takes the lead in the spot and perpetuals DEX space, the GMX team continues to build and develop new features for the platform.