GMX Revenue Surge Leads to Delayed Token Buybacks
GMX Revenue Surge Leads to Delayed Token Buybacks
馃 GMX Buyback Machine Overheats
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
- Avalanche: View on Snowtrace
This week, GMX saw a large surge in revenue. Due to the timing and amount of fees collected, the GMX buyback-and-distribute contract was unable to fully complete the process. The remaining balance to be repurchased will be distributed to GMX holders in the next weekly epochs.
GMX Protocol Announces Major Updates and Milestones
GMX has released several significant updates to its decentralized trading platform: - Launch of GMX Express for faster onchain trading - Implementation of TWAP Orders now live - Achievement of 1M GMX tokens buyback milestone - 40% of users have pending rebate claims - New GLV and GM pools offering competitive LP returns - Multichain expansion voting now open Platform seeing increased activity amid market volatility, processing billions in trading volume backed by $426M liquidity. New features include trading alerts and single-sided liquidity pools on Avalanche. *Note: Check unclaimed rebates if you've traded on GMX*
GMX V2 Liquidity Pools Show Strong Performance with LINK/USD Market
GMX's LINK/USD market on Arbitrum demonstrates robust performance with 80% utilization and 22.30% APY. Recent data shows: - 19% APR from trading fees (3-month period) - 44% APR total returns (6-month period) LPs earn 63% of trading fees with reduced impermanent loss compared to traditional AMMs. The platform's Adaptive Funding mechanism helps maintain balanced Open Interest. Additional markets include: - SOL/USDC pool (16.2M TVL) - Synthetic pools for DOGE, LTC, XRP [View analytics](http://dune.com/gmx-io/v2-lp-dashboard) [Start earning](https://app.gmx.io/earn)
GMX to Launch Bitcoin-Native Trading
GMX, a decentralized exchange protocol, has announced plans to introduce trading services secured and settled with native Bitcoin. This expansion marks a significant development for the platform, which currently operates on Arbitrum and Avalanche networks. The new feature will enable: - Direct Bitcoin collateralization - Native Bitcoin settlement - Secure trading infrastructure This development follows Commerzbank's recent announcement of Bitcoin and Ether trading services for German corporate clients, indicating growing institutional adoption of crypto trading services.
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)