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 Labs Leadership Update Proposal Goes to Vote
GMX has launched a new governance proposal on Snapshot titled **"GMX Labs Leadership Update"** for tokenholder voting. This follows a series of recent governance activities: - A **GMX Labs Funding Proposal (2026-2027)** advanced to Phase 4 on Tally - Proposals addressing CEX supply concerns and price discovery mechanisms - Dynamic BBD adjustment proposals for APR capping - Marketing and trader incentive programs Tokenholders can cast their votes at [Snapshot](https://snapshot.box/#/s:gmx.eth/)
GMX Launches Gold Trading with Bitcoin Collateral Across Six Chains
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 Q3 Report Released by TokenTerminal on Binance Square
**GMX Q3 financial report** now available on Binance Square, published by data analytics platform TokenTerminal. The report provides insights into the **decentralized exchange protocol's performance** during the third quarter. - GMX operates on Arbitrum and Avalanche networks - Offers yield opportunities for token holders - Report accessible through [Binance Square](https://www.binance.com/en/square/post/33454137963122) TokenTerminal specializes in **crypto project analytics** and financial data compilation. Check the full report for detailed metrics and performance analysis.
🚀 GMX Expands Multichain
**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.
GMX Buyback Program Continues with 34,500 Tokens Repurchased
**GMX maintains steady token buybacks** under its Buyback & Distribute model, repurchasing over 34,500 GMX tokens in the past week. The program directly **rewards GMX stakers** through token distribution, though staking APR has declined from 31.52% to 22.14% compared to the previous week. - Current staking APR: **22.14%** - Weekly buyback: **34,500+ GMX tokens** - Previous week's buyback: 41,700 tokens The consistent buyback activity demonstrates GMX's commitment to **returning value to token holders** through its systematic reward mechanism.