GMX Integrates Chainlink Data Streams for Real-Time Price Updates
GMX Integrates Chainlink Data Streams for Real-Time Price Updates
GMX has integrated Chainlink Data Streams, leading to faster on-chain execution speed and real-time price updates. Additionally, trading fees on Arbitrum have been lowered to approximately 0.015%, making them comparable to VIP tiers on leading centralized exchanges. These trading incentives are part of GMX's initiative to bring fees on the decentralized perpetual exchange to an average of 0.02%, similar to platforms like Binance and ByBit.
GMX now provides real-time price updates and faster on-chain execution speed due to integrating @Chainlink Data Streams. Moreover, trading fees on @Arbitrum have been lowered to ~0.015%, comparable to leading CEX's VIP tiers ā but available to *ALL* #DeFi traders instead. 1/2
1/ #Chainlink Data Streamsāthe pull-based oracle solution for high-speed DeFiāsupercharges onchain markets by combining low-latency data delivery & automated trade execution, powering leading dApps like @GMX_IO. Next-generation speed. Chainlink security. blog.chain.link/data-streams-mā¦
GMX has now enabled trading incentives for all V2 markets. This initiative aims to bring trading fees on the decentralised perpetual exchange to 0.02% on average ā a level comparable to that of leading centralised exchanges like Binance, ByBit, and others. 1/2
LayerZero Selected as GMX's Messaging Infrastructure Provider
GMX DAO has concluded its governance vote, selecting LayerZero as the preferred messaging infrastructure provider for GMX Multichain deployment. This decision follows a comprehensive selection process that included: - Community Q&A sessions with potential partners - Detailed proposal presentations - Open forum discussions The selection marks a significant step in GMX's multichain expansion strategy. The voting process demonstrated strong community engagement through Snapshot voting. [View complete voting results](https://snapshot.box/#/s:gmx.eth/proposal/0xc0fa577853fa0d066e876a4df3cf8ae7302c60b68f1f13675821dbf5d2acac1b)
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.
GMX Receives Arbitrum Security Grant for Protocol Enhancements
GMX has been awarded a grant from the Arbitrum Security Subsidy Fund to strengthen its protocol security and expansion plans. The grant will support three key initiatives: - Security audits for implementing Gasless Transactions - Audits for GMX Multichain expansion - Smart contract security reviews for Cross Margin implementation This development follows GMX's successful first wave of grants that supported 22 projects. The protocol currently serves as a foundational liquidity layer for Arbitrum, with nearly 100 DeFi projects integrated. *Key collaborators include Areta, Axis Advisory, and Daimon Law.*