GMX Sponsors Arbitrum Open House London with $415K Prize Pool

GMX has introduced a new Announcements page within its decentralized exchange application. The update brings additional functionality to the platform. **Key Updates:** - New dedicated announcements section added to the dapp - Enhanced user communication features - Available now at [app.gmx.io/#/announcements2/2](https://app.gmx.io/#/announcements2/2) The announcements page aims to keep users informed about platform updates and new features as they roll out. *Visit the dapp to explore the new announcements functionality.*

**Recent Activity (July 15-21, 2026)** GMX DAO reacquired 15,360 GMX tokens for approximately $100,000 at an average price of $6.51. **Program Performance Since March 5** - Total tokens repurchased: 371,940 GMX - Total spent: ~$2,315,000 - Blended average price: $6.22 per token **Price Trend Analysis** The buyback program shows varying acquisition prices: - July 15-21: $6.51 average - July 8-14: $5.86 average - July 1-7: $5.79 average - Q2 2026 overall: $6.18 average The DAO has maintained consistent buyback activity throughout the quarter, with the most recent purchases occurring at slightly higher prices compared to early July. The program demonstrates ongoing commitment to token value management through systematic market repurchases.

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.

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.