GMX

The liquidity in the GM pools of GMX V2 has exceeded that of the GLP pool in GMX V1. The Total Value Locked in the GM pools is now 284 million USD, compared to 219 million in GLP. Furthermore, over 102,280 users have already traded on GMX V2, indicating its strong Product-Market Fit. The GM pools offer a better Open Interest balance and scalability, thanks to incentives for LPs and Traders, as well as an Adaptive Funding mechanism. GLP Migration Incentives are available until Jan 30.

GMX's Short-Term Incentive Program (STIP) has been extended until the end of March, following Arbitrum's decision. Incentives for migrating GLP (GM Liquidity Provider) to GMx liquidity are available until 30 January, and users are eligible for fee rebates for manually redeeming GLP.

GMX has achieved a significant milestone with its total trading volume on Avalanche surpassing $25 billion. Additionally, the APR on the AVAX/USD pool is currently over 43%, offering attractive real yields. Furthermore, the total value locked (TVL) of all Avalanche GM pools is nearing $10 million. Investors can explore the LP opportunities available.

You still have a few days left to qualify for the launch campaign of GMX via the new Binance Web3 Wallet. Follow the instructions to get started.

GMX has successfully integrated with the OKX Wallet, enabling its large user base to easily trade on the GMX exchange. Users can access GMX through the OKX Wallet web extension or the Discover platform.

GMX will be participating in a Twitter Space discussion alongside Arbitrum and Chainlink to talk about GMX V2, Chainlink Data Streams, and the expanding Arbitrum ecosystem.

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.

The Arbitrum Network experienced an outage causing GMX to be unable to process transactions on the blockchain. GMX is now processing transactions as normal, but users should be aware of elevated gas prices while the network stabilizes.

The Arbitrum Blockchain is currently experiencing heavy load, causing transaction failures. Users are advised to raise their gas limits. If encountering RPC errors, alternative options are available.

GMX developers and security partners have reviewed and found no issues. GMX advises caution when interacting with DApps and suggests using wallets that simulate transactions before signing.