GMX Launches on MegaETH Real-Time Blockchain
GMX Launches on MegaETH Real-Time Blockchain
🚀 GMX Goes Real-Time
GMX has launched on MegaETH, described as the first real-time blockchain. The deployment enables permissionless trading of BTC, ETH, and SOL perpetual contracts.
Key Features:
- Users can earn yield by providing USDM (the chain's native stablecoin) to GMX's new GLV vault
- GLV is GMX's first stablecoin-only liquidity vault
- Revenue comes from three sources: perpetual trading fees, swap fees, and buy/sell fees on liquidity tokens
- Referral program available for users to invite friends and earn
All markets on MegaETH are backed by GLV [USDM/USDM]. The team notes that stability is prioritized first, with additional speed optimizations planned for future releases.
This marks GMX's expansion beyond its existing deployments on Arbitrum and Avalanche, bringing its decentralized perpetuals trading to a new blockchain infrastructure.
All markets on MegaETH are backed by GLV [USDM/USDM] — GMX's first stablecoin-only liquidity vault Buy GLV with $USDM (the chain's native stablecoin) and earn from 3 distinct revenue sources: • Perp trading fees • Swap fees • Buy/sell fees on the liquidity tokens 6/
GMX Plans Phase 2 Optimizations on MegaETH with 10ms Blocks and Chainlink Integration
GMX is preparing Phase 2 optimizations for its deployment on MegaETH, focusing on performance improvements for decentralized perpetual trading. **Key planned features:** - Low-latency order execution using MegaETH's 10ms block times - Faster price updates through sequencer-level [Chainlink Data Streams](https://chain.link) integration - Advanced trading capabilities - Real-time onchain execution The optimizations aim to leverage MegaETH's infrastructure to create what GMX describes as "next-gen onchain perps." The integration builds on MegaETH's technical foundation of ultra-fast block times and real-time execution capabilities.
GMX Launches AI Agent Bounty for Perpetual Trading at Synthesis Hackathon
GMX has issued a bounty for autonomous AI agents to trade perpetual contracts on its platform during the Synthesis hackathon. The initiative, developed with partners Bondon Credit and iExec, represents GMX's preparation for AI-driven DeFi usage. **Key Details:** - Bounty targets autonomous agents trading perps on GMX - Partnership with Bondon Credit and iExec - Part of the Synthesis hackathon - Builds on previous AI trading competitions **Background:** This follows GMX's earlier "Code vs Coin" AI agent trading competition, won by the Vega agent. That contest demonstrated AI agents' potential in executing trading strategies on decentralized infrastructure. More information about the bounty program will be announced soon.
GMX Introduces Staking Power Reward Mechanism for Token Holders
GMX has launched **Staking Power**, a new reward distribution system for staked $GMX tokens. **How it works:** - Your reward share is calculated by: Duration × Amount of $GMX Staked - Accrues continuously using time-weighted mathematics from GMX's existing reward contracts - 27% of platform fees fund $GMX buybacks, currently directed to Treasury since March 4 **Key details:** - Both buybacks and staking rewards are now visible on [app.gmx.io](http://app.gmx.io) - Staking Power accumulation begins immediately upon staking - If already staked, you're automatically accumulating rewards
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.