GMX

**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 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 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'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 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.

**GMX is transferring its gmx.io domain from Namecheap to Cloudflare this week** to improve security infrastructure. The move leverages **Cloudflare's stronger track record** in domain protection and security services. **Key details:** - No expected downtime during the transfer - Backup access available at [gmxapp.io/#/trade](https://gmxapp.io/#/trade) if issues arise - Transfer focused on security enhancement rather than functionality changes Users should bookmark the alternative URL as a precaution, though the transition is expected to be seamless.

**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](https://app.gmx.io/#/pools/details?market=0x09400D9DB990D5ed3f35D7be61DfAEB900Af03C9). Analyze performance data on the [GMX V2 LP Analytics Dashboard](http://dune.com/gmx-io/v2-lp-dashboard).

**GMX liquidity providers gain new borrowing options** as Radiant's money market now accepts GLV tokens as collateral. **Key developments:** - GLV [WETH-USDC] and GLV [BTC-USDC] tokens now eligible for collateral use - **~$60 million in liquidity** unlocked for GMX V2 LPs - Enhanced capital efficiency for existing liquidity positions **What this means:** GMX V2 liquidity providers can now **borrow against their positions** without withdrawing from pools, maximizing capital utilization across DeFi protocols. This follows Venus Protocol's similar integration of GM tokens, showing **growing institutional acceptance** of GMX liquidity tokens as valuable collateral assets.

GMX rolled out significant platform improvements this summer across multiple fronts. **Key Developments:** - **GMX Express** launched with gasless, interruption-free onchain trading experience - **16 new markets** added including AERO, BRETT, KAS, OKB, CVX, HBAR, CRO, ALGO, SPX6900, MNT, PUMP, XMR, MOODENG, PI, CRV, and DOLO - **Distribution completed** for Arbitrum GLP holders affected by previous vulnerability - **Educational expansion** with GMX Perpetuals Trading course now live on Updraft platform **Platform Expansion:** - **US stocks and ETFs** now available on GMX-Solana including SPY, QQQ, AAPL, NVDA, TSLA, AMZN, GOOGL, MSFT, META, and MSTR - **Botanix deployment** brings GMX to Bitcoin L2, enabling Bitcoin-native leverage trading - **New order types** including TWAP orders alongside existing Stop Market orders These updates expand GMX's trading capabilities across multiple chains while improving user experience through gasless transactions and educational resources. Join [GMX Telegram](https://t.me/GMX_IO) or [Discord](https://discord.gg/H5PeQru3Aa) for more details.

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](https://arbiscan.io/address/0x7EB417637a3E6d1C19E6d69158c47610b7a5d9B3) - Avalanche: [View on Snowtrace](https://snowtrace.io/address/0x1A3A103F9F536a0456C9b205152A3ac2b3c544902)