Heatmap of Top 100 Coins (24h) 📊🔥
#btc #eth #xrp #gmx #heatmap #crypto
55.74K
4
tano
As Express soft-launched a few days ago on GMX, let me introduce you to what this means for on-chain trading and the future of GMX, as well as how it empowers the new One-Click Trading (1CT) functionality on GMX.
$GMX $ARB
11.11K
72
X 🫐 reposted
GMX 🫐
Anyone can provide liquidity on GMX and earn fees from market making, swaps and leverage trading. The isolated GM pools and capital-efficient GLV vaults tend to offer LPs outstanding returns:👇
🔹Example: GMX's LINK/USD market on Arbitrum has recently had around 80% utilisation, and currently offers ~22.30% APY.
The LPs in this pool have earned:
- 19% APR compared to benchmark, over the last 3-month period. All of it coming from trading fees, while trader P&L remained neutral.
- 44% APR compared to benchmark, over the last 6-month period. Out of these, 23% of APR comes from fees, and the rest comes from trader losses.
With liquidity providers earning 63% of all trading fees, and the pools experiencing lower impermanent loss than typical AMMs, the $GM pools generally outperform typical Benchmark LP positions (e.g., Uniswap V2's 50/50 rebalancing pools)
Concerned about exposure to trader P&L? GM liquidity pools tend to maintain balanced Open Interest, thanks to GMX V2's Adaptive Funding mechanism and balancing incentives for LPs & Traders.
Consider moving your liquidity to GMX to earn market-leading returns as well.
97.83K
99
Arbitrum
up and to the right
Arbitrum Everywhere
Entropy Advisors
Last week, @arbitrum protocols generated $1.18M in revenue (+12% WoW).
One exchange, half a million in revenue. GMX is dominating the leaderboard.
🥇 @GMX_IO: $500k
🥈 @GainsNetwork_io: $140k
🥉 @OstiumLabs: $90k
🔹 @Penpiexyz_io: $74k
🔹 @Uniswap: $74k
35.45K
506
Annie 所长
Today's Web3 information gap:
1. Don't play with contracts! Playing with contracts is risky. A trader went from $84 million in unrealized profit to $340 million in unrealized loss, with a 40x $BTC long position now showing a $500 million unrealized loss—one move to poverty.
2. ETH soldiers, stand up! $ETH surged 8% to $2712, and ecosystem tokens followed suit with gains. $ETHFI, $COW, $AAVE, $GMX, and $EIGEN saw increases of up to 15%.
3. Trump is at it again! Trump's media group announced plans to raise $2.5 billion in private funding to establish a Bitcoin strategic reserve $DJT.
4. NFTs are dead? According to a DappRadar report, if real-world assets (like houses and bonds) could be turned into NFTs for collateralized lending, it might revive the market.
5. Is Bitcoin about to drop? Over the past 30 days, short-term holders have realized $11.4 billion in profits. Historical data suggests Q3 tends to see declines, with the Federal Reserve's interest rate meeting on June 18 being a key event to watch.
The current price of GMX is $14.5700. Over the last 24 hours, GMX has decreased by -8.48%. It currently has a circulating supply of 10,165,518 GMX and a maximum supply of 13,250,000 GMX, giving it a fully diluted market cap of $149.13M. At present, GMX holds the 143 position in market cap rankings. The GMX/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and, as of writing, has the highest total value locked (TVL) of any project on Arbitrum. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading. $GMX is the utility and governance token.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.5K new posts about GMX, driven by 780 contributors, and total online engagement reached 913K social interactions. The sentiment score for GMX currently stands at 67%. Compared to all cryptocurrencies, post volume for GMX currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of GMX.
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Posts
1,472
Contributors
780
Interactions
913,344
Sentiment
67%
Volume rank
#0
X
Posts
935
Interactions
91,745
Sentiment
83%
GMX FAQ
How much is 1 GMX worth today?
Currently, one GMX is worth $14.5700. For answers and insight into GMX's price action, you're in the right place. Explore the latest GMX charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as GMX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GMX have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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