GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
🚀 32% APR Revealed
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.
Analyze performance data on the GMX V2 LP Analytics Dashboard.
Here are 7 essential updates from GMX this Summer: 1️⃣ Introducing GMX Express: fast onchain trading with an interruption-free, gasless user experience 2️⃣ 16 New Markets Live: AERO, BRETT, KAS, OKB, CVX, HBAR, CRO, ALGO, SPX6900, MNT, PUMP, XMR, MOODENG, PI, CRV, and DOLO 3️⃣
A new market is live on GMX: 🔸 CRO/USD (Cronos) Go Long or Short on the token from Cronos Chain, directly from your self-custody wallet. $CRO @Cryptocom 1/2
Long or Short the S&P 500 on GMX-Solana: now live.
GMXSOL has launched the first RWA Perpetual Contract Market – SPY/USD (S&P 500 ETF) 🚀 Prices powered by @chainlink and risk parameters provided by @chaos_labs . More RWA markets coming soon! Stay tuned.
Introducing a new market for traders and LPs: 🔸 AERO/USD from @AerodromeFi Trade AERO perps with up to 50x leverage and low fees, while minimising counterparty risk and enjoying fast onchain execution. 1/2 $AERO
Now Live: a new meme market for traders and liquidity providers: 🔸 SPX6900/USD Go Long or Short on #SPX6900 straight from your own wallet, and experience the optimised execution speed and UX of GMX on Arbitrum. 1/2
Arbitrum has launched DRIP, rewarding actions that help grow the DeFi ecosystem. Here's how GMX users benefit: 🔸On Morpho, our popular gmETH (WETH-USDC) liquidity token, with over $100 million in liquidity, is now eligible for incentives. 🔸On Dolomite, gmETH will soon qualify
Introducing DRIP - The DeFi Renaissance Incentive Program! A huge DeFi program that rewards real DeFi actions on Arbitrum, starting with Season 1: Leverage Looping Strategy 💧 Deposit ETH/stables 💧 Borrow & loop 💧 Repeat Join the Renaissance now 👇 arbitrumdrip.com
Four new perp markets are now live, bringing the total number of tradable assets on GMX to 87: 🔹 @MorphoLabs 🔹 @MoonwellDeFi 🔹 @AskVenice 🔹 @Chainlink 1/3 👇
Introducing a new market for traders and LPs: 🔸 KAS/USD - from the Kaspa blockchain Trade KAS perps with leverage, straight from your self-custody EVM wallet on GMX. No deposit required, minimal spread, low fees, and transparently fair pricing. $KAS @Kaspaunchained
Now Live: 🔸 CVX/USD Long or Short the @ConvexFinance token with up to 50x leverage, and enjoy the self-custodial onchain trading experience of GMX on Arbitrum. 1/2 $CVX
Introducing a new market on GMX for traders and LPs: 🔸 MNT/USD from @Mantle_Official Trade seamless MNT perpetual swaps directly from your self-custody wallet, no depositing required. Now live on @Arbitrum. $MNT 1/4
🌐 GMX Brings Forex Trading to Solana
GMX has expanded its decentralized exchange protocol to Solana, enabling users to trade major forex markets directly on-chain. **Key Details:** - Forex trading now available on GMX's Solana deployment - Follows the recent launch of GMTrade's mobile app for Solana trading - GMX previously operated on Arbitrum and Avalanche networks The integration brings traditional forex market access to Solana's ecosystem through GMX's decentralized infrastructure.
GMX Expands to 103 Perpetual Markets with SYRUP/USD and 0G/USD Additions
GMX has expanded its perpetual swap offerings across multiple chains: **New Markets Added:** - SYRUP/USD from [Maple Finance](https://twitter.com/MapleFinance1) - 0G/USD from [0G Labs](https://twitter.com/0G_labs) **Key Details:** - Total perpetual markets now at 103 - Available on Ethereum, Arbitrum, Base, and BNB Chain - Features low trading fees and minimal price impact - Transparent onchain pricing Traders can now long or short these new tokens across supported networks. Start trading at [app.gmx.io](http://app.gmx.io)
GMX Surpasses 2 Million Token Buyback Milestone with 11.94% Staking APR
GMX has reached a significant milestone by repurchasing over 2 million tokens through its buyback-and-distribute program. The protocol leads all crypto projects in buyback activity, having repurchased the largest share of its total supply. **Key Details:** - Total buybacks: 2,031,625 GMX tokens - Current staking APR: 11.94% for the next 7 days - Average historical return: 21.59% for stakers - Recent activity: ~16,800 GMX acquired in the past week **How It Works:** The protocol converts its revenue into GMX tokens through market purchases and distributes them to stakers. Rewards accrue every block with no lock-up period required. Staking is permissionless and accessible through the refreshed dApp at [app.gmx.io/#/stake](http://app.gmx.io/#/stake).
🚀 GMX Expands Multichain
**GMX accelerates multichain expansion** in Q4, bringing its decentralized trading infrastructure to major networks including: - Base - BNB Chain - Ethereum Mainnet - Additional EVM chains The protocol maintains its **core value proposition**: - Decentralized infrastructure - Oracle-based pricing reliability - Transparent, fair markets **Key improvements** include UX optimizations and horizontal scaling without liquidity fragmentation. With over **$330 billion in trading volume** from 728,000+ users, GMX's expansion preserves decentralization while scaling sustainably across the ecosystem.
GMX Q3 Report Released by TokenTerminal on Binance Square
**GMX Q3 financial report** now available on Binance Square, published by data analytics platform TokenTerminal. The report provides insights into the **decentralized exchange protocol's performance** during the third quarter. - GMX operates on Arbitrum and Avalanche networks - Offers yield opportunities for token holders - Report accessible through [Binance Square](https://www.binance.com/en/square/post/33454137963122) TokenTerminal specializes in **crypto project analytics** and financial data compilation. Check the full report for detailed metrics and performance analysis.