GMX Launches 24/7 Commodity Trading with Institutional Pricing
GMX Launches 24/7 Commodity Trading with Institutional Pricing
ā” GMX goes 24/7
GMX has made five commodity perpetual markets available for round-the-clock trading: WTI crude oil, Brent crude oil, natural gas, gold, and silver.
Key Features:
- Trading fees during market hours: 1 basis point for contrarian positions, 2 basis points for consensus trades
- Available across multiple chains: Arbitrum, Ethereum, BNB Chain, and Base
- Leverage up to 100x on oil markets, 40x on natural gas
- Powered by Chainlink Data Streams for price feeds
- No expiry dates or intermediaries required
The protocol has generated $485M in lifetime earnings and recently bought back $104K in GMX tokens.
The energy perps are frictionless synthetic markets, backed by and tradable using WETH and USDC on @Arbitrum. The same infrastructure as Gold and Silver, launched last week: x.com/GMX_IO/status/ā¦ Institutional rates. No expiry. No intermediary. Permissionless. Transparent.
GMX has lowered trading fees on its 24/7 GOLD/USD and SILVER/USD perps to 1/2 bps during CME market hours. Trade precious metals on @Arbitrum at institutional-grade rates: just 1 bps on the underweight side of open interest, 2 bps on the overweight side. 1/5 š§µ
GMX's energy commodity and precious metals markets can be traded by anyone on Arbitrum, Ethereum, BNB Chain, or Base. Learn more: x.com/GMX_IO/status/ā¦ 2/2
GMX launches the 3 top energy commodity perps on Arbitrum: š¢ļø WTI Crude Oil (WTIOIL/USD) š¢ļø Brent Crude Oil (BRENTOIL/USD) ā½ Natural Gas (NATGAS/USD) Low fees, available even on weekends, and with price data delivered via @Chainlink Data Streams. Live now. 1/6 š§µ
GMX will keep expanding into global markets; precious metals and energy commodities are the start. Find 24/7 WTI, BRENT, and NATGAS under the RWA category, alongside GOLD and SILVER. Live on Arbitrum, and accessible crosschain via your GMX Account: > app.gmx.io
24/7 commodities are live on GMX: WTI Ā· Brent Ā· Natgas Ā· Gold Ā· Silver With institutional pricing during market hours: ā¢ 1 bp to trade against the crowd ā¢ 2 bps to trade with it ā¬ļø
Gold, silver, WTI, Brent, and natural gas perps now live on GMX with low fees. $ 104K in GMX bought back this week. $ 485M in lifetime protocol earnings. $GMX
WTI, Brent, and Natural Gas perps are available 24/7 on GMX. React to geopolitical events, supply data, and macro moves the moment they happen. Just 1ā2 bps during underlying market hours, and with up to 100x leverage on WTI and Brent, 40x on Natural Gas. š
GMX launches the 3 top energy commodity perps on Arbitrum: š¢ļø WTI Crude Oil (WTIOIL/USD) š¢ļø Brent Crude Oil (BRENTOIL/USD) ā½ Natural Gas (NATGAS/USD) Low fees, available even on weekends, and with price data delivered via @Chainlink Data Streams. Live now. 1/6 š§µ
GMX Simplifies Onboarding with Email and Social Login Options
GMX has introduced a new login system powered by Privy that allows users to access the platform through multiple methods: - Sign in with email - Connect via X (Twitter) or Discord accounts - Use existing self-custody wallets The update removes the barrier of requiring wallet setup before getting started. New users can now begin trading on the decentralized exchange without prior blockchain experience, while still maintaining the option for full self-custody. This change addresses a common friction point in DeFi onboarding, where wallet creation and management often deter newcomers from trying decentralized platforms.
GMX Slashes Funding Costs by 65% Across Perpetual Markets
**Major Cost Reduction for Traders** GMX has successfully reduced funding costs by approximately **65%** following a late-April mechanism update. This significant decrease affects **93 of 109 perpetual markets** on the platform. **Key Benefits:** - Dramatically lower costs for holding positions - Makes long-term position holding more practical - Enables support for larger, more liquid markets - Improved funding rate stability **What's Next** This represents only the first phase of improvements, with additional refinements already in development. [View current rates on GMX](http://app.gmx.io)
GMX Positions Itself as Execution Layer for AI Trading Agents
GMX is addressing the challenges developers face when building AI trading agents by improving its integration infrastructure. **Key developments:** - GMX has invested in streamlining fragmented documentation and poorly structured APIs - The protocol now positions itself as the official execution layer for AI trading agents - This follows earlier collaboration with Bondon Credit and iExec on an autonomous agent trading bounty during the Synthesis hackathon The move reflects GMX's recognition that AI agents are changing how DeFi protocols are accessed and used, with the team working to make their decentralized exchange more accessible to automated trading systems.
GMX Launches AI Agent SDK and APIs for Automated Trading Workflows
GMX has released new developer tools specifically designed for AI agent integration. The decentralized exchange protocol now offers an updated SDK and APIs that enable automated trading workflows. **Key Features:** - Dedicated documentation for AI agent implementation - APIs optimized for programmatic trading - SDK designed for agent-based workflows Developers can now build AI-powered trading bots and automated systems that interact directly with GMX's infrastructure across Arbitrum and Avalanche chains. [View the AI Agent Documentation](https://docs.gmx.io/docs/category/ai-agents/2/2)