GMX V2 offers deep on-chain liquidity for trading assets like Chainlink's LINK and Solana's SOL
GMX V2 offers deep on-chain liquidity for trading assets like Chainlink's LINK and Solana's SOL
GMX V2 provides liquidity pools for trading assets like Chainlink's LINK and Solana's SOL. The SOL/USDC pool has a TVL of $16.2 million and the LINK/USDC pool has close to $10 million of liquidity. The liquidity providers in GMX V2 are well-compensated for the risks they take. GMX also offers synthetic pools for assets like DOGE, LTC, and XRP. The GMX V2 markets for SOL and LINK are resilient and scalable due to their reliance on non-synthetic assets.
GMX will take part in #ArbitrumFrontier 🧑🚀💙, to encourage users to get familiar with various useful DeFi protocols on the high-speed @Arbitrum layer-2 blockchain. With $ARB incentives from the DAO's STIP Grants being distributed, now is the ideal time to explore Arbitrum...
GMX V2 offers deep on-chain liquidity to trade assets like @Chainlink's $LINK and #Solana's $SOL. The SOL/USDC GM pool on @Arbitrum has 16,2 million USD in TVL, while the LINK/USDC pool offers close to 10m USD of liquidity. 🔹View the GM pools at: app.gmx.io/#/earn 1/5
The total value locked in the $GM pools of GMX V2 is soaring, crossing 220 million today on #Arbitrum. Thanks go out to all the liquidity providers supporting the GMX protocol. Trade with this deep on-chain liquidity, and low trading fees, at: 🔹 app.gmx.io
The GMX ecosystem is steadily expanding. With its deep liquidity, the protocol functions as a base layer for #DeFi on the @Arbitrum and @Avalanche blockchains. A sincere thanks to everyone building added-value instruments on top of the $GM Pools, $GLP, and GMX's trading system.
Epoch 6 of GMX's @Arbitrum Incentives starts, with: 🔹 VIP-level fees for all GMX V2 traders Traders enjoy a rebate of up to 75% of all open & close fees, for an effective fee of just ~0.015%. 🔹Liquidity Incentives on all GM pools Trade or LP at: app.gmx.io 1/5
Epoch 5 of GMX's @Arbitrum STIP Incentives has started. This week, all GMX users benefit from: 🔹 Low trading fees, equal to the VIP tiers of centralised exchanges 🔹 Boosted APRs on all the GM liquidity pools of GMX V2 🔹 Incentives to move GLP liquidity to the GM pools 1/4
GMX Scales from 4 to 100+ Markets, Now Listed on CoinGecko
**GMX achieves major milestone** with its perpetual markets now featured on CoinGecko, highlighting the DEX's impressive scaling journey. **Key growth metrics:** - Expanded from just 4 GLP markets to **100+ GM markets** - Started on Arbitrum & Avalanche, now supports Solana - Enables trading from **all EVM chains** **Multi-chain presence:** - Over 1.3 million Base users have access - 90+ perpetual markets and 23 spot markets live - Cross-chain trades execute in **under one second** The CoinGecko listing provides transparency into GMX's market data across its supported networks. Users can view detailed information about the platform's perpetual markets on both [Arbitrum](https://www.coingecko.com/en/exchanges/gmx-perpetuals-v2-arbitrum) and [Avalanche](https://www.coingecko.com/en/exchanges/gmx-perpetuals-v2-avalanche). This development showcases GMX's evolution into a truly multichain protocol, making decentralized perpetual trading accessible across the broader crypto ecosystem.
stBTC Token Launches on Botanix Labs for GMX Trading
**stBTC token now available** on Botanix Labs, offering BTC yield backed by network economic activity. **Key features:** - Use as liquidity provision on GMX - Functions as margin that generates additional BTC returns - Built on Bitcoin-native infrastructure **GMX integration** enables leverage trading and yield opportunities secured by the Bitcoin network. The platform previously added a BTC/USD liquidity pool using pBTC (Botanix's bridged BTC). **pBTC tokens** can be redeemed for native BTC on Bitcoin Mainnet, providing direct Bitcoin exposure through the Botanix blockchain. This development expands Bitcoin DeFi options by combining GMX's trading infrastructure with Botanix's Bitcoin-backed yield generation.
Arbitrum's DeFi Renaissance Program Epoch 3 Launches with Dolomite Incentives
**Arbitrum's DeFi Renaissance Incentive Program** has entered its third epoch, bringing new opportunities for DeFi users. **Key highlights:** - Substantial incentives now available on Dolomite protocol - Users can efficiently borrow against various GMX assets - Part of Arbitrum's broader strategy to reward ecosystem growth **Previous developments** included the launch of DRIP rewards and incentives for gmETH tokens on Morpho protocol, with over $100 million in liquidity. The program continues expanding opportunities for GMX asset utilization across Arbitrum protocols.
Dolomite Integrates GMX Liquidity Tokens for Advanced Trading Strategies
**Dolomite's money market now supports GMX's liquidity tokens**, including $GLV, enabling sophisticated trading approaches. Key features available: - **Looping strategies** for leveraged exposure - **Delta-neutral strategies** for market-neutral positions - Support for **wide range of GMX tokens** This integration builds on Dolomite's previous support for GMX V2's $GM tokens as collateral, expanding options for traders seeking advanced DeFi strategies. *Performance analysis data available for strategy evaluation.*
GMX Community Votes on Season 3 Listing Committee Election
GMX has launched a governance proposal for its **Season 3 Listing Committee Election** on Snapshot. The community will elect a **3-member committee** responsible for: - Managing new asset listings on GMX - Ensuring streamlined listing processes - Maintaining protocol standards This follows previous governance initiatives that established GMX's Security and Governance Committees in October 2024. **Vote now**: [GMX Snapshot](https://snapshot.org/#/gmx.eth/) Your participation helps shape GMX's future asset offerings and maintains decentralized governance.