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:
LayerZero Selected as GMX's Messaging Infrastructure Provider
GMX DAO has concluded its governance vote, selecting LayerZero as the preferred messaging infrastructure provider for GMX Multichain deployment. This decision follows a comprehensive selection process that included: - Community Q&A sessions with potential partners - Detailed proposal presentations - Open forum discussions The selection marks a significant step in GMX's multichain expansion strategy. The voting process demonstrated strong community engagement through Snapshot voting. [View complete voting results](https://snapshot.box/#/s:gmx.eth/proposal/0xc0fa577853fa0d066e876a4df3cf8ae7302c60b68f1f13675821dbf5d2acac1b)
GMX Revenue Surge Leads to Delayed Token Buybacks
GMX experienced a significant revenue increase, causing its buyback-and-distribute contract to face processing delays. The remaining balance will roll over to future weekly epochs for distribution to GMX holders. Key points: - Buyback process is fully transparent and verifiable on-chain - Affects both Arbitrum and Avalanche networks - Contract addresses: - Arbitrum: [View on Arbiscan](https://arbiscan.io/address/0x7EB417637a3E6d1C19E6d69158c47610b7a5d9B3) - Avalanche: [View on Snowtrace](https://snowtrace.io/address/0x1A3A103F9F536a0456C9b205152A3ac2b3c544902)
GMX Rolls Out Stop Market Orders and Enhanced Trading Features
GMX has implemented several key trading improvements: - Added Stop Market Orders support - Enabled chart-based drag & drop order editing - Optimized swap routing for spot and perpetual trades - Enhanced Trade UI with new dropdowns and clearer chart headers - Improved mobile experience with 24h volumes and position cards - Updated number formatting with k, m, b suffixes - Enhanced depth charts and PnL analysis - Clarified network fee calculations For feedback or support: [Telegram](https://t.me/GMX_IO) [Discord](https://discord.gg/H5PeQru3Aa) Learn more about GMX's 2025 roadmap on their [blog](https://gmxio.substack.com/p/gmx-development-plan-for-2025)
GMX Releases TypeScript and Python SDKs for Developer Integration
GMX has launched new Software Development Kits (SDKs) in TypeScript and Python, enhancing its trade and earn functionality integration capabilities. Key Features: - Read functions for markets, positions, tokens, orders, and trade history - Write functions for order management and creation - Battle-tested infrastructure ready for immediate implementation The protocol welcomes community contributions and actively seeks feedback for improvements. Developers can access documentation at docs.gmx.io/docs/api/sdk-v2. **Integration Made Simple** Start building on GMX's proven infrastructure today with comprehensive SDK support.
GMX Receives Arbitrum Security Grant for Protocol Enhancements
GMX has been awarded a grant from the Arbitrum Security Subsidy Fund to strengthen its protocol security and expansion plans. The grant will support three key initiatives: - Security audits for implementing Gasless Transactions - Audits for GMX Multichain expansion - Smart contract security reviews for Cross Margin implementation This development follows GMX's successful first wave of grants that supported 22 projects. The protocol currently serves as a foundational liquidity layer for Arbitrum, with nearly 100 DeFi projects integrated. *Key collaborators include Areta, Axis Advisory, and Daimon Law.*