GMX Launches AI Agent Bounty for Perpetual Trading at Synthesis Hackathon

GMX has launched on MegaETH, described as the first real-time blockchain. The deployment enables permissionless trading of BTC, ETH, and SOL perpetual contracts. **Key Features:** - Users can earn yield by providing USDM (the chain's native stablecoin) to GMX's new GLV vault - GLV is GMX's first stablecoin-only liquidity vault - Revenue comes from three sources: perpetual trading fees, swap fees, and buy/sell fees on liquidity tokens - Referral program available for users to invite friends and earn All markets on MegaETH are backed by GLV [USDM/USDM]. The team notes that stability is prioritized first, with additional speed optimizations planned for future releases. This marks GMX's expansion beyond its existing deployments on Arbitrum and Avalanche chains.

GMX is planning Phase 2 optimizations for its deployment on MegaETH, focusing on performance improvements. **Key features planned:** - Low-latency order execution using 10ms block times - Faster price updates through Chainlink Data Streams integration at the sequencer level - Advanced trading features The optimizations will leverage MegaETH's infrastructure, which offers real-time onchain execution and sequencer-level data integration—creating a foundation for next-generation perpetual trading.

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 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.