GMX Launches New Trading Contests and Markets on Arbitrum
GMX Launches New Trading Contests and Markets on Arbitrum
🔷 New Markets, Contests
GMX has announced the start of the second one-week trading contest for the #EIP4844 upgrade on Arbitrum, with a prize pool of 140,000 ARB tokens. Winners of the first contest will receive their earned prizes soon. Additionally, GMX has launched new perpetual and spot trading markets for OP (Optimism), AVAX (Avalanche), ATOM (Cosmos), NEAR, and AAVE tokens on its Arbitrum V2 platform. Liquidity providers to these new markets are incentivized with rewards in ARB tokens. GMX V2 traders also benefit from up to 75% rebates on trading fees. The launch of these new markets and trading contests coincides with the Ethereum #EIP4844 upgrade, which reduces gas costs on Arbitrum and GMX.
The blobs have landed on Arbitrum! 💙 🐡 ArbOS 20 "Atlas" is now live, blobs are in effect, reducing data posting costs. ⛽ Additional execution gas fee reductions for Arbitrum One will go live on March 18. More details below 👇 offchain.medium.com/da106378326b
GMX's development contributors have, over the last two weeks: 🔹Set up an AVAX market on Arbitrum; now live for users to provide liquidity and trade 🔹Increased reserve factors for the BTC, ETH, SOL, ARB and LINK $GM markets to allow for higher OI, improving capital efficiency.
GMX has launched a new market for perpetual & spot trading on GMX V2 on #Arbitrum: 🔹OP, from the @Optimism Layer 2. Trade now, and take part in the just-launched GMX #EIP4844 Trading Competition, or provide liquidity to the OP $GM pool: app.gmx.io 1/3
Trading volume on #GMXv2 has skyrocketed past 25 Billion USD, with more than $2.88 billion traded on the V2 markets in just the last week. Self-custody. Deep liquidity. Fast execution. Enjoy an optimised on-chain trading experience: app.gmx.io
🚀 Tradao's Permissionless Copy Trading on @GMX_IO V2 is live! Join the celebration with our copy trading contest - dive in, trade, and stand a chance to win 30k $ARB and other reward. Ready to trade & win? More Info: tradaoperp.medium.com/win-big-with-3… Start now: tradao.xyz/#/
The GMX #EIP4844 Trading Competition is off to a strong start, with many traders benefiting from the volatility of the last 24 hours. Claim your share of the large 280,000 ARB prize pot: app.gmx.io/#/trade View the Leaderboard: app.gmx.io/#/competitions…
The second one-week contest of the GMX #EIP4844 Trading Competition has just started. Trade now and win your share of a 140,000 ARB prize pot! 🔷app.gmx.io/#/competitions… Congratulations to the winners of the first contest. Your earned prizes will be distributed to your wallets.
GMX announces the launch of a new perpetual & spot market on GMX V2 on @Arbitrum: 🔹@AVAX token from the Avalanche blockchain Provide liquidity now to benefit from $GM pool bootstrap incentives. Or trade with low fees and full custody of your funds: app.gmx.io 1/3
🔹Two 7-day long trading contests 🔹A whopping 280,000 ARB prize pot 🔹Achieve the highest ROI, or highest profit in dollars: > app.gmx.io/#/competitions…
A special Trading Competition will kick off on Wednesday, to celebrate the launch of GMX’s new Leaderboard and Ethereum’s #EIP4844 upgrade, which will vastly reduce gas costs on Arbitrum and GMX. Trade, win, and earn your share of the 280,000 ARB prize pot! 👇 1/3
GMX is thrilled to announce the launch of 3 new perpetual & spot markets on GMX V2 on @Arbitrum: 🔹$ATOM from @Cosmos 🔹$NEAR from @NEARProtocol 🔹$AAVE from @Aave Trade them on GMX now: app.gmx.io/#/trade 1/4
GMX V2 was launched six months ago, and many further improvements have been made since then: 🔹One-Click Trading & Sub-Accounts 🔹New Markets to Trade 🔹Chainlink Data Streams low-latency oracles 🔹Adaptive Funding Rates 🔹Price Impact Distributions Learn more about them:
GMX Scales from 4 to 100+ Markets, Now Listed on CoinGecko
**GMX achieves major milestone** with its perpetual markets now featured on CoinGecko, highlighting the DEX's impressive scaling journey. **Key growth metrics:** - Expanded from just 4 GLP markets to **100+ GM markets** - Started on Arbitrum & Avalanche, now supports Solana - Enables trading from **all EVM chains** **Multi-chain presence:** - Over 1.3 million Base users have access - 90+ perpetual markets and 23 spot markets live - Cross-chain trades execute in **under one second** The CoinGecko listing provides transparency into GMX's market data across its supported networks. Users can view detailed information about the platform's perpetual markets on both [Arbitrum](https://www.coingecko.com/en/exchanges/gmx-perpetuals-v2-arbitrum) and [Avalanche](https://www.coingecko.com/en/exchanges/gmx-perpetuals-v2-avalanche). This development showcases GMX's evolution into a truly multichain protocol, making decentralized perpetual trading accessible across the broader crypto ecosystem.
stBTC Token Launches on Botanix Labs for GMX Trading
**stBTC token now available** on Botanix Labs, offering BTC yield backed by network economic activity. **Key features:** - Use as liquidity provision on GMX - Functions as margin that generates additional BTC returns - Built on Bitcoin-native infrastructure **GMX integration** enables leverage trading and yield opportunities secured by the Bitcoin network. The platform previously added a BTC/USD liquidity pool using pBTC (Botanix's bridged BTC). **pBTC tokens** can be redeemed for native BTC on Bitcoin Mainnet, providing direct Bitcoin exposure through the Botanix blockchain. This development expands Bitcoin DeFi options by combining GMX's trading infrastructure with Botanix's Bitcoin-backed yield generation.
Arbitrum's DeFi Renaissance Program Epoch 3 Launches with Dolomite Incentives
**Arbitrum's DeFi Renaissance Incentive Program** has entered its third epoch, bringing new opportunities for DeFi users. **Key highlights:** - Substantial incentives now available on Dolomite protocol - Users can efficiently borrow against various GMX assets - Part of Arbitrum's broader strategy to reward ecosystem growth **Previous developments** included the launch of DRIP rewards and incentives for gmETH tokens on Morpho protocol, with over $100 million in liquidity. The program continues expanding opportunities for GMX asset utilization across Arbitrum protocols.
Dolomite Integrates GMX Liquidity Tokens for Advanced Trading Strategies
**Dolomite's money market now supports GMX's liquidity tokens**, including $GLV, enabling sophisticated trading approaches. Key features available: - **Looping strategies** for leveraged exposure - **Delta-neutral strategies** for market-neutral positions - Support for **wide range of GMX tokens** This integration builds on Dolomite's previous support for GMX V2's $GM tokens as collateral, expanding options for traders seeking advanced DeFi strategies. *Performance analysis data available for strategy evaluation.*
GMX Community Votes on Season 3 Listing Committee Election
GMX has launched a governance proposal for its **Season 3 Listing Committee Election** on Snapshot. The community will elect a **3-member committee** responsible for: - Managing new asset listings on GMX - Ensuring streamlined listing processes - Maintaining protocol standards This follows previous governance initiatives that established GMX's Security and Governance Committees in October 2024. **Vote now**: [GMX Snapshot](https://snapshot.org/#/gmx.eth/) Your participation helps shape GMX's future asset offerings and maintains decentralized governance.