GMX Grants Program Boosts Arbitrum DeFi Ecosystem
GMX Grants Program Boosts Arbitrum DeFi Ecosystem
馃敟 Grants Ignite Arbitrum DeFi
GMX's Arbitrum S.T.I.P. incentives campaign included a Grants Program aimed at fostering the growth of the broader GMX V2 ecosystem on Arbitrum. The program was popular, receiving 54 applications and funding 22 projects with a total of 1,673,500 ARB allocated. The funded projects focused on integrating GMX V2 trading, generating around $518 million in trading volume during the campaign period. On the liquidity side, the grantees achieved a combined TVL of $40 million, significantly deepening the liquidity of the GMX markets. Successful products from the Grants Program include GMX Tradingview Alerts and a Python SDK for GMX. The program has led to improvements in GMX V2 tooling and boosted community involvement on Arbitrum, achieving its goal of driving on-chain engagement with DeFi on Arbitrum.
GMX recently concluded its Arbitrum S.T.I.P. campaign and it's time to assess its success. Did the protocol effectively transform GMX v2 into foundational DeFi infrastructure for @Arbitrum..? Part 2: Trading Incentives To recap, the STIP campaign aimed to: 馃敼 Encourage
Recently, GMX concluded its Arbitrum S.T.I.P. incentives campaign. Let's assess its achievements: Part 3锔忊儯: The GMX Grants Program ________ To quickly recap, the STIP campaign aimed to: 馃敼 Encourage on-chain engagement with DeFi on Arbitrum by converting CEX users to DEX users
馃寪 GMX Brings Forex Trading to Solana
GMX has expanded its decentralized exchange protocol to Solana, enabling users to trade major forex markets directly on-chain. **Key Details:** - Forex trading now available on GMX's Solana deployment - Follows the recent launch of GMTrade's mobile app for Solana trading - GMX previously operated on Arbitrum and Avalanche networks The integration brings traditional forex market access to Solana's ecosystem through GMX's decentralized infrastructure.
GMX Expands to 103 Perpetual Markets with SYRUP/USD and 0G/USD Additions
GMX has expanded its perpetual swap offerings across multiple chains: **New Markets Added:** - SYRUP/USD from [Maple Finance](https://twitter.com/MapleFinance1) - 0G/USD from [0G Labs](https://twitter.com/0G_labs) **Key Details:** - Total perpetual markets now at 103 - Available on Ethereum, Arbitrum, Base, and BNB Chain - Features low trading fees and minimal price impact - Transparent onchain pricing Traders can now long or short these new tokens across supported networks. Start trading at [app.gmx.io](http://app.gmx.io)
GMX Surpasses 2 Million Token Buyback Milestone with 11.94% Staking APR
GMX has reached a significant milestone by repurchasing over 2 million tokens through its buyback-and-distribute program. The protocol leads all crypto projects in buyback activity, having repurchased the largest share of its total supply. **Key Details:** - Total buybacks: 2,031,625 GMX tokens - Current staking APR: 11.94% for the next 7 days - Average historical return: 21.59% for stakers - Recent activity: ~16,800 GMX acquired in the past week **How It Works:** The protocol converts its revenue into GMX tokens through market purchases and distributes them to stakers. Rewards accrue every block with no lock-up period required. Staking is permissionless and accessible through the refreshed dApp at [app.gmx.io/#/stake](http://app.gmx.io/#/stake).
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.
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.