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
With #EIP4844 and ArbOS 20 'Atlas' now live, gas costs are falling fast on @Arbitrum. On GMX, this shows in a much lower Execution Fee for trades: a significant UX boost. A simple swap on Arbitrum now costs just 6 cents. And additional gas fee reductions go live in 4 days! See:
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 DAO Continues Steady Token Buyback Program
**Weekly Buyback Activity** Between July 8-14, 2026, the GMX DAO repurchased 22,190 $GMX tokens for approximately $130,000, averaging $5.86 per token. **Program Performance** - Total tokens reacquired since March 5: 356,580 GMX - Total spent: ~$2,215,000 - Blended average price: ~$6.21 per token **Recent Trend** The latest purchase price of $5.86 represents a slight increase from the previous week's average of $5.79, though still below the program's overall average. The buyback initiative continues to reduce circulating supply through consistent weekly purchases.
GMX DAO Proposes Referral Program Update
The GMX DAO has published a proposal to update its referral program structure. The discussion is taking place on the official GMX governance forum, where community members can review the full details and participate in the decision-making process. **Key Points:** - Proposal focuses on modifications to the existing referral program - Open for community discussion and feedback on the governance forum - Part of GMX's ongoing governance framework improvements The proposal builds on GMX's recent governance upgrades, which introduced transparent decision-making processes and flexible voting features. Community members can read the complete proposal and join the discussion at the [GMX DAO forum](https://gov.gmx.io/t/gmx-referral-program-update/51315/5).
GMX Launches Automatic VIP Fee Discounts for High-Volume Traders on Arbitrum
GMX has introduced **organic VIP tiers** on Arbitrum that automatically reward high-volume traders with fee discounts: - Traders reaching **$50M in lifetime volume** receive a **5% fee discount** - At **$250M in volume**, the discount increases to **10%** - No action required - the protocol automatically assigns discount codes - No referral code needed to qualify This update is part of broader changes to GMX's referral program on Arbitrum, which also includes a reward step-down for affiliates and a new institutional tier. The automatic tier system removes friction for active traders while incentivizing higher trading volumes on the platform.
GMX Caps Affiliate Rewards at $20K or 12 Months on Arbitrum
GMX is implementing changes to its affiliate reward structure on Arbitrum: **Key Changes:** - Affiliate rewards will drop to 0% after either **12 months** or **$20,000** in payouts per trader - This cap applies retroactively and is calculated per individual trader - Traders' referral codes will be replaced with protocol-assigned codes - **Fee discounts remain unchanged** for traders **New VIP Tiers:** - Traders reaching **$50M** in lifetime volume get automatic 5% fee discount - At **$250M** volume, discount increases to 10% - No referral code needed - protocol assigns these automatically The changes affect the affiliate side of the referral program while preserving trader benefits.
GMX Overhauls Referral Program on Arbitrum with Three Major Changes
GMX is implementing significant updates to its referral program on Arbitrum, introducing three key modifications: - **Reward step-down for affiliates**: Adjustments to how affiliate rewards are structured and distributed - **Automatic VIP discounts for high-volume traders**: Large traders will now receive VIP-level fee discounts without manual application - **New institutional tier**: A dedicated tier designed specifically for institutional participants These changes build on GMX's ongoing efforts to optimize its incentive structure and improve the trading experience for different user segments on the platform.