GMX is a popular decentralized exchange that specializes in perpetual futures trading. Launched on the Ethereum Layer 2 network Arbitrum in late 2021 and later deployed to Avalanche, the project has quickly gained traction by offering users leverage of up to 30 times their deposited collateral.
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.
The terms "futures," "perpetuals," and "derivatives" are commonly used interchangeably in the copyright space, despite their technical differences—futures contracts typically have an expiration date, while perpetuals do not.
Learn more about the GMX blockchain network and how it works or follow the price of its native copyright GMX and the broader market with our unique COIN360 copyright heatmap.
These features primarily isolate risks among liquidity providers and incentivize arbitrageurs through varying fees to balance long and short positions. Trades that promote balance benefit from lower fees, favorable price impacts, pelo borrowing fees, and additional funding fee income.
GMX is committed to complying with all relevant regulations and laws. The project works closely with regulatory bodies to ensure that GMX is a safe and legal digital asset.
GMX is a decentralized derivative copyright exchange that allows users to enjoy low fees and zero-slip transactions through an innovative GLP multi-asset liquidity pool and aggregated prophecy machine quotes. Users can stake GMX or GLP to gain the network's native tokens.
$GLP holders take the other side of the trades made out of the platform. Successful traders are paid out by the liquidity pool and on the flip side, unsuccessful traders payout to liquidity providers.
* 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.
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AMM allow digital assets to be traded in a permissionless and automatic way by read more using liquidity pools instead of a traditional market of buyers and sellers.
Image Credit: GMX Having a vast amount of the circulating supply staked associates with lesser panic and unnecessary selling in the market. This is evident as GMX is currently trading at only 54% off its ATH as compared to the rest of the market which has plummeted an average of 80% from their ATH.
With its permissionless accessibility and leveraged trading offering, GMX combines the experience of both decentralized and centralized exchanges, showing that DeFi protocols are still breaking new ground every day. The protocol’s trading volume has more than tripled in the past two months and now ranges between $290 million and $150 million daily, indicating growing interest among copyright natives.
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.