GMX Development Update
GMX Development Update
馃敟 Major GMX Upgrades...
The development team behind the decentralized exchange protocol GMX has completed several key updates over the past two weeks. These include code changes to support Chainlink timestamp-based feeds for the upcoming GMX V2 contracts, the creation of new Trade History and Claims History features, various user experience enhancements, and fixes for issues like price updating on charts. The team has also incorporated trade limits into the take profit/stop loss modal, made UI improvements to the Global Leaderboard, and updated the Leaderboard page to display competition winners' rewards. Further details on the updates were not provided.
GMX's development contributors have, over the last two weeks: 馃敼Completed the code update for GMX V2 contracts to support Chainlink timestamp-based feeds. Deployment is pending further testing. 馃敼Created a new Trade History and Claims History 馃敼Made various other UX
GMX V2 Liquidity Pools Show Strong Performance with LINK/USD Market
GMX's LINK/USD market on Arbitrum demonstrates robust performance with 80% utilization and 22.30% APY. Recent data shows: - 19% APR from trading fees (3-month period) - 44% APR total returns (6-month period) LPs earn 63% of trading fees with reduced impermanent loss compared to traditional AMMs. The platform's Adaptive Funding mechanism helps maintain balanced Open Interest. Key markets include: - SOL/USDC pool: $16.2M TVL - LINK/USDC pool: ~$10M liquidity - Synthetic pools for DOGE, LTC, XRP [View analytics](http://dune.com/gmx-io/v2-lp-dashboard) [Start earning](https://app.gmx.io/earn)
GMX to Launch Bitcoin-Native Trading
GMX, a decentralized exchange protocol, has announced plans to introduce trading services secured and settled with native Bitcoin. This expansion marks a significant development for the platform, which currently operates on Arbitrum and Avalanche chains. The new feature will enable: - Direct Bitcoin collateralization - Native Bitcoin settlement - Secure trading infrastructure This development follows Commerzbank's recent announcement of Bitcoin and Ether trading services for German corporate clients, indicating growing institutional adoption of crypto trading services.
GMX Revenue Surge Leads to Delayed Token Buybacks
GMX experienced a significant revenue increase, causing its buyback-and-distribute contract to face processing delays. The remaining balance will roll over to future weekly epochs for distribution to GMX holders. Key points: - Buyback process is fully transparent and verifiable on-chain - Affects both Arbitrum and Avalanche networks - Contract addresses: - Arbitrum: [View on Arbiscan](https://arbiscan.io/address/0x7EB417637a3E6d1C19E6d69158c47610b7a5d9B3) - Avalanche: [View on Snowtrace](https://snowtrace.io/address/0x1A3A103F9F536a0456C9b205152A3ac2b3c544902)
GMX Rolls Out Stop Market Orders and Enhanced Trading Features
GMX has implemented several key trading improvements: - Added Stop Market Orders support - Enabled chart-based drag & drop order editing - Optimized swap routing for spot and perpetual trades - Enhanced Trade UI with new dropdowns and clearer chart headers - Improved mobile experience with 24h volumes and position cards - Updated number formatting with k, m, b suffixes - Enhanced depth charts and PnL analysis - Clarified network fee calculations For feedback or support: [Telegram](https://t.me/GMX_IO) [Discord](https://discord.gg/H5PeQru3Aa) Learn more about GMX's 2025 roadmap on their [blog](https://gmxio.substack.com/p/gmx-development-plan-for-2025)
GMX Releases TypeScript and Python SDKs for Developer Integration
GMX has launched new Software Development Kits (SDKs) in TypeScript and Python, enhancing its trade and earn functionality integration capabilities. Key Features: - Read functions for markets, positions, tokens, orders, and trade history - Write functions for order management and creation - Battle-tested infrastructure ready for immediate implementation The protocol welcomes community contributions and actively seeks feedback for improvements. Developers can access documentation at docs.gmx.io/docs/api/sdk-v2. **Integration Made Simple** Start building on GMX's proven infrastructure today with comprehensive SDK support.