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:
Cloudflare Outage Disrupts GMX App Access, Backup Site Available
**Cloudflare experienced degraded capacity** affecting connections to the main GMX trading interface at [app.gmx.io](https://app.gmx.io/). The incident has been **resolved according to Cloudflare**, though some users may have experienced slow or failed connections during the outage. **GMX protocol remains fully operational** - the underlying infrastructure was not affected by the frontend connectivity issues. Users can access the **backup frontend** at [gmxalt.io](https://gmxalt.io/) if they encounter any connection problems with the main site. This follows GMX's recent domain transfer to Cloudflare for enhanced security measures.
📊 GMX Democratizes Trading: 30,000+ Users Earn from Triple Revenue Streams
**GMX has democratized liquidity provision** with over 30,000 users holding LP tokens across its decentralized exchange protocol. **Three Revenue Streams Available:** - Spot swaps - Perpetual trading fees - Market-making activities **Strong Performance Metrics:** - GM liquidity providers earn **63% of all trading fees** - Lower impermanent loss compared to traditional AMMs - Consistently outperform benchmark LP positions **Example: LINK/USD Market on Arbitrum** - $11.2M liquidity at ~90% utilization - 25.23% Fee APR this month - Additional 6.72% APR vs benchmark over 3 months GMX V2 maintains balanced open interest through incentives and an Adaptive Funding mechanism, limiting LP exposure to trader PnL while keeping it generally positive long-term. [View Pools](https://app.gmx.io/#/pools) | [LP Analytics Dashboard](http://dune.com/gmx-io/v2-lp-dashboard)
GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
**GMX attracts over 14,000 liquidity providers** earning from three revenue streams: market-making, swaps, and borrowing fees. **SOL/USD pool performance highlights:** - $11M in liquidity at ~90% utilization - **32.52% Fee APR** over the last month - Extra **38% APR** above benchmark (corrected from initial 3.8%) - Significantly outperforming JLP **Key advantages for liquidity providers:** - Receive **63% of all trading fees** - Lower impermanent loss vs typical AMMs - Consistently outperform benchmark LP positions - Limited exposure to trader P&L due to balanced Open Interest **GMX V2 features:** - Balanced Open Interest through LP/trader incentives - Adaptive Funding mechanism - Generally positive long-term returns Users can bridge SOL tokens to Arbitrum via PortalBridge and deposit directly into the [SOL/USD pool](https://app.gmx.io/#/pools/details?market=0x09400D9DB990D5ed3f35D7be61DfAEB900Af03C9). Analyze performance data on the [GMX V2 LP Analytics Dashboard](http://dune.com/gmx-io/v2-lp-dashboard).
GMX GLV Tokens Now Accepted as Collateral on Radiant
**GMX liquidity providers gain new borrowing options** as Radiant's money market now accepts GLV tokens as collateral. **Key developments:** - GLV [WETH-USDC] and GLV [BTC-USDC] tokens now eligible for collateral use - **~$60 million in liquidity** unlocked for GMX V2 LPs - Enhanced capital efficiency for existing liquidity positions **What this means:** GMX V2 liquidity providers can now **borrow against their positions** without withdrawing from pools, maximizing capital utilization across DeFi protocols. This follows Venus Protocol's similar integration of GM tokens, showing **growing institutional acceptance** of GMX liquidity tokens as valuable collateral assets.
GMX Summer Updates: Express Trading, 16 New Markets, and Bitcoin L2 Expansion
GMX rolled out significant platform improvements this summer across multiple fronts. **Key Developments:** - **GMX Express** launched with gasless, interruption-free onchain trading experience - **16 new markets** added including AERO, BRETT, KAS, OKB, CVX, HBAR, CRO, ALGO, SPX6900, MNT, PUMP, XMR, MOODENG, PI, CRV, and DOLO - **Distribution completed** for Arbitrum GLP holders affected by previous vulnerability - **Educational expansion** with GMX Perpetuals Trading course now live on Updraft platform **Platform Expansion:** - **US stocks and ETFs** now available on GMX-Solana including SPY, QQQ, AAPL, NVDA, TSLA, AMZN, GOOGL, MSFT, META, and MSTR - **Botanix deployment** brings GMX to Bitcoin L2, enabling Bitcoin-native leverage trading - **New order types** including TWAP orders alongside existing Stop Market orders These updates expand GMX's trading capabilities across multiple chains while improving user experience through gasless transactions and educational resources. Join [GMX Telegram](https://t.me/GMX_IO) or [Discord](https://discord.gg/H5PeQru3Aa) for more details.