Bitcoin Approaching $50,000 with Halving Ahead

The **GMX Labs Funding Proposal (2026-2027)** has reached Phase 4 of the governance process and is now live for voting on [Tally](https://www.tally.xyz/gov/gmx). **Key Details:** - This proposal seeks funding for GMX Labs operations over the next two years - Token holders can vote directly or delegate their voting power - The proposal has progressed through multiple phases since January 2026 **Recent Governance Activity:** - Strategic plan to address CEX supply issues - Dynamic BBD adjustment proposal for APR capping - Marketing and trader incentive program This represents a critical decision point for the protocol's development direction and resource allocation.

GMX has introduced a new **XAUT/USD perpetual market** for trading Tether Gold with up to **25x leverage**. **Key Features:** - Available across **six blockchains**: Arbitrum, Ethereum, Base, BNB Chain, Solana, and Avalanche - Backed by **BTC-USDC liquidity**, allowing traders to use Bitcoin as collateral - Enables simultaneous exposure to both gold and Bitcoin price movements This synthetic perpetual contract expands GMX's asset offerings beyond traditional crypto markets. The cross-chain functionality allows users to trade from their preferred network while settling on Avalanche. The market uses XAUT, Tether's gold-backed token where each token represents physical gold reserves. Two liquidity pools support trading: a single-asset XAUT pool and a dual-asset XAUT-USDT pool. Traders can now access precious metals exposure while maintaining crypto collateral positions.

**GMX Q3 financial report** now available on Binance Square, published by data analytics platform TokenTerminal. The report provides insights into the **decentralized exchange protocol's performance** during the third quarter. - GMX operates on Arbitrum and Avalanche networks - Offers yield opportunities for token holders - Report accessible through [Binance Square](https://www.binance.com/en/square/post/33454137963122) TokenTerminal specializes in **crypto project analytics** and financial data compilation. Check the full report for detailed metrics and performance analysis.

**GMX accelerates multichain expansion** in Q4, bringing its decentralized trading infrastructure to major networks including: - Base - BNB Chain - Ethereum Mainnet - Additional EVM chains The protocol maintains its **core value proposition**: - Decentralized infrastructure - Oracle-based pricing reliability - Transparent, fair markets **Key improvements** include UX optimizations and horizontal scaling without liquidity fragmentation. With over **$330 billion in trading volume** from 728,000+ users, GMX's expansion preserves decentralization while scaling sustainably across the ecosystem.

**GMX maintains steady token buybacks** under its Buyback & Distribute model, repurchasing over 34,500 GMX tokens in the past week. The program directly **rewards GMX stakers** through token distribution, though staking APR has declined from 31.52% to 22.14% compared to the previous week. - Current staking APR: **22.14%** - Weekly buyback: **34,500+ GMX tokens** - Previous week's buyback: 41,700 tokens The consistent buyback activity demonstrates GMX's commitment to **returning value to token holders** through its systematic reward mechanism.