GMX v2 Liquidity Reaches $350 Million Across Arbitrum and Avalanche
GMX v2 Liquidity Reaches $350 Million Across Arbitrum and Avalanche
The liquidity in the $GM pools of GMX v2 has reached 350 million USD across Arbitrum and Avalanche. There have been 113,500 users and 3776 unique traders on GMX V2 in the last 24 hours. The BTC and ETH markets each offer more than 135 million USD in liquidity, while the SOL and ARB markets each offer 21 million USD. The new BNB market on Arbitrum has attracted 3 million USD in TVL. The GM liquidity pools offer better Open Interest balance and are more scalable than GLP.
The liquidity in the $GM pools of GMX v2 keeps steadily rising, reaching 350 million USD across @Arbitrum and @Avalanche. And that deep liquidity, coupled with low fees, is enticing traders: 113,500 users have traded on GMX V2, with 3776 unique traders in the last 24 hours. 1/4
GMX Labs Leadership Update Proposal Goes to Vote
GMX has launched a new governance proposal on Snapshot titled **"GMX Labs Leadership Update"** for tokenholder voting. This follows a series of recent governance activities: - A **GMX Labs Funding Proposal (2026-2027)** advanced to Phase 4 on Tally - Proposals addressing CEX supply concerns and price discovery mechanisms - Dynamic BBD adjustment proposals for APR capping - Marketing and trader incentive programs Tokenholders can cast their votes at [Snapshot](https://snapshot.box/#/s:gmx.eth/)
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.
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.
馃殌 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 Buyback Program Continues with 34,500 Tokens Repurchased
**GMX maintains steady token buybacks** under its Buyback & Distribute model, repurchasing over 34,500 GMX tokens in the past week. The program directly **rewards GMX stakers** through token distribution, though staking APR has declined from 31.52% to 22.14% compared to the previous week. - Current staking APR: **22.14%** - Weekly buyback: **34,500+ GMX tokens** - Previous week's buyback: 41,700 tokens The consistent buyback activity demonstrates GMX's commitment to **returning value to token holders** through its systematic reward mechanism.