GMX Completes V2.1 Contract Updates, Awaiting Audit
GMX Completes V2.1 Contract Updates, Awaiting Audit
馃敀 Audit Incoming, GMX Updates
GMX's development contributors have completed a series of updates to the GMX V2.1 contracts, including enhanced token selection UX, support for Chainlink Data Streams on Avalanche Fuji, inclusion of borrowing fees in GM APR, a shift feature for zero-fee liquidity movement between pools, atomic withdrawals, Kink model borrowing rate option, deployment of the GMX DAO contract, deposit caps in USD, support for positive swap price impact, and avoidance of double swaps for reward token selection. However, these updated contracts will only be deployed after undergoing an audit scheduled to begin next week.
GMX's dev contributors have completed the following GMX V2.1 contract updates over the last weeks: 馃敼 Enhanced the token selection UX 馃敼 Deployed contracts with new timestamp-based Chainlink Data Streams support on Avalanche Fuji for testing 馃敼 Included pending borrowing fees in
馃殌 GMX Launches on MegaETH
GMX has officially launched on **MegaETH**, the fastest EVM blockchain, enabling users to: - Trade BTC, ETH & SOL perpetuals permissionlessly - Earn yield by providing $USDM to GMX's new **stablecoin-only GLV vault** - Create referral codes and invite friends to earn rewards The GLV [USDM/USDM] vault offers three revenue streams: - Perpetual trading fees - Swap fees - Buy/sell fees on liquidity tokens MegaETH is described as the "first real-time blockchain," with GMX prioritizing stability first before implementing additional speed optimizations. [Create your referral code](https://x.com/GMX_IO/status/20385722579922004083/3)
GMX Revamps Referrals Page with Enhanced Tracking Features
GMX has redesigned its referrals page to provide clearer insights for both traders and affiliates. **Key Updates:** - **Traders Tab**: Now displays your active referral code and all earned discounts in one place - **Affiliates Tab**: Provides detailed breakdown of referred trading volume, number of traders, and rewards earned over time The platform notes that top affiliates have earned millions through the referral program, with rewards accumulating from every trade made using their code. Learn more: [GMX Affiliates Program](https://app.gmx.io/#/referrals/affiliates)
GMX Launches Gold Trading with Bitcoin Collateral Across Six Chains
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 Report Released by TokenTerminal on Binance Square
**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.
馃殌 GMX Expands Multichain
**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.