GMX Referral Program Hits $65B in Volume
GMX Referral Program Hits $65B in Volume
馃殌 GMX Referrals Explode
GMX's referral program has achieved a significant milestone, with over $65 billion in trading volume referred. The top 4 referrers have each earned more than $500,000 in rewards as GMX affiliates.
Key points:
- $65B+ in referred trading volume
- Top 4 referrers earned $500K+ each
- Users can set up their own Referral Code
This success demonstrates the effectiveness of GMX's referral system in driving user acquisition and engagement. The program incentivizes existing users to bring new traders to the platform, creating a network effect that boosts overall trading activity.
For those interested in participating or learning more about the referral program, visit the GMX website to set up your own Referral Code.
Community involvement has played a crucial role, with thanks given to community developer @kyzoeth for their contributions.
More than $65 billion in trading volume has been referred, and the top 4 referrers have each earned over $500,000 in rewards as GMX affiliates. Set up your own Referral Code to share: app.gmx.io/#/referrals For more insights about GMX's successful referral system, visit
GMX Launches Balancer Program with Enhanced Rewards for Market-Making Traders
GMX has introduced a new **Balancer Program** targeting trading desks that help maintain market equilibrium. **Key Details:** - Traders who consistently take the underweight side of GMX markets can now earn enhanced rewards - The program offers **higher compensation than the standard referral program** - Rewards are paid directly to traders' wallets - Participants benefit from positive price impact and funding rates while balancing the order book This initiative builds on GMX's existing affiliate program, where top participants have earned millions through referral commissions.
GMX Masters Competition Wraps Up with $16,500 in Prizes
The GMX Masters trading competition has officially ended, distributing **$16,500 in prizes** across multiple categories: - Auto Trading track - Alpha Pool track - Pop-up volume track - Subscriber track The competition focused on **AI-driven trading strategies** across GMX's extensive marketplace of over 100 markets. Participants tested automated trading signals from Elfa AI, which triggered automatic trade execution on the GMX platform. This event showcased the integration of artificial intelligence with decentralized trading infrastructure, allowing traders to experiment with algorithmic strategies in a competitive environment.
GMX DAO Continues Steady Token Buyback Program
**Weekly Buyback Activity** Between July 8-14, 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 The buyback program shows consistent weekly activity, with the DAO acquiring tokens at prices slightly below the program's overall average. This marks a continuation of the systematic token repurchase strategy initiated in early March 2026.
GMX Sponsors Arbitrum Open House London with $415K Prize Pool
GMX has announced its official sponsorship of the Arbitrum Open House in London, featuring a substantial $415,000 prize pool for participants. **Event Details:** - **Dates:** July 10-12 (in-person), with a 3-week online Buildathon starting May 25th - **Location:** London - **Focus:** DeFi perpetuals trading and builder tooling **What Participants Can Expect:** - GMX contributors will be on-site to provide hands-on guidance - Technical workshops on DeFi Perps - Access to builder tools and infrastructure - Mentoring from the Arbitrum ecosystem - Opportunity to take projects from concept to mainnet **Competition Structure:** Early-stage teams can join the online Buildathon phase before competing for prizes and potential entry into the in-person Founder House in London. Applications are now open at [openhouse.arbitrum.io](http://openhouse.arbitrum.io/?utm_source=twitter&utm_medium=social&utm_campaign=oh-london-buildathon)
GMX Expands RWA Trading with Energy Commodities on Arbitrum
GMX has launched perpetual futures for three major energy commodities on Arbitrum: - **WTI Crude Oil** (WTIOIL/USD) - **Brent Crude Oil** (BRENTOIL/USD) - **Natural Gas** (NATGAS/USD) These markets join the recently launched 24/7 GOLD and SILVER perps under the RWA category. All markets feature: - Low trading fees (2-4 basis points) - 24/7 availability, including weekends - Price data via [Chainlink Data Streams](http://app.gmx.io) - Cross-chain accessibility through GMX Account The platform continues expanding into global markets, offering permissionless access to real-world assets without requiring brokerage accounts or custody arrangements.