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Bitcoin (CRYPTO: BTC) moved lower, but the cryptocurrency prices remained above the $27,000 level on Thursday. Ethereum (CRYPTO: ETH), also recorded losses, but traded above the key $1,700 mark this morning.
GMX launched in early September 2021 as a decentralized perpetual exchange offering swaps and leverage trading and it made a big splash in the DeFi community. If you haven't heard about GMX, let's get you up to speed: GMX's launch on Arbitrum was seen as a major DeFi milestone.
Blockchain tracker Lookonchain finds that a trader using the decentralized exchange (DEX) GMX made more than $1 million by accurately predicting Ethereum's (ETH) price action over the past several weeks.
Cryptocurrency researchers from leading analytical firm Delphi Digital shared their thoughts about the competition in the decentralized perpetuals exchanges segment. It looks like these services benefit from trader exodus from centralized exchanges.
GMX, the native token powering GMX, a decentralized perpetual exchange for trading complex crypto derivatives, is under intense selling pressure when writing on August 11. Trackers show that the governance token is down 7% on the last trading day, pushing monthly losses to 24%.
Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices falling below the $29,500 level on Friday. Ethereum (CRYPTO: ETH) also moved lower, trading below the $1,850 mark this morning.
Early GMX supporter who purchased 8,960 GMX with $27.5K in September 2021 sold 20,000 GMX for $980K. GMX is now trading at $46, down nearly 50% from its peak.
Although the majority of the cryptocurrency market has been flashing red in the past few days, some cryptocurrencies have managed to fight through the prevailing bearish sentiment and stand out with their remarkable performance during this time frame.
A trader's big bet against Ethereum caused him to lose a big chunk of his $2 million margin. Considering the firm and steady increment of ETH prices over the last few weeks, more could be at stake.
The GMX price began an upward movement on June 10. It has recovered admirably since then, reclaiming an important Fib resistance level in the process.
The GMX dApp on the Avalanche network has witnessed massive growth. Will this benefit Avalanche positively?
GMX's volume on Arbitrum has soared by 162.4% in the past month, signifying the increasing interest in decentralized exchanges.
GMX, a token of volatility, witnessed an astonishing fee surge propelled by a momentous liquidation event while traders navigated the bearish waters with resilient optimism.
BeInCrypto looks at the five biggest altcoin losers in the entire crypto market this week, specifically from May 19 to 26.
Volumes at Synthetix surpassed it's nearest DEX competitor, but contracting user activity across decentralized exchanges could be a red flag.
Don't miss our weekly roundup of the latest DeFi news, launches, airdrops, upgrades, hacks and alpha.
Arbitrums' overall activity surges as GMX dominates the perpetual contracts market. However, ARB token's price continues to fall.
The interest in the derivative exchange could be due to its integration with Chainlink's low-latency oracles, the proposal for which was unanimously approved by the community members.
News within the crypto market: how are the GMX, Pepe (PEPE), Celsius Network (CEL), and Polkadot (DOT) coins performing? Below is an overview of all the latest news featuring them.
Users who trade on the GMX perpetual exchange may have the chance to access better market data. Although the protocol's TVL increased, adoption has decreased.
Chainlink's low-latency oracles will integrate with the GMX decentralized exchange following a successful governance proposal, providing real-time market data to GMX v2.
GMX votes to include Chainlink's low-latency oracles in its imminent GMX V2 upgrade. This could prove bullish for LINK's price.
A Chainlink exec said the oracles will improve GMX's security by providing a more “strong degree of tamper-resistance when settling user trades.”
Arbitrum-based decentralized exchange GMX will connect its platform to Chainlink's low-latency pricing oracles following a unanimous governance vote.
