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Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. Stacks, Flow, CRV, Kava, and BitTorrent have emerged as the top gainers of the day, while Woo, INJ, ZIL, ARB, NEO, and GMX are the top losers.
GMX witnesses growth in terms of fees generated and volume. However, the price of the GMX token continues to decline despite positive developments on the protocol side.
The community of GMX, a perpetual trading platform, has announced the introduction of a proposal to integrate Chainlink low-latency oracles to improve crypto price feeds within the decentralized exchange.
Crypto tracking account @lookonchain has spotted a "Smart Money" wallet that made a healthy profit on their GMX and GNX coins within less than an hour.
The latest data from Dune revealed that since 10 November, GMX's volume plummeted from a 90% market dominance to 40%.
In order to further focus on decentralization, GMX, a decentralized spot and perpetual exchange, has proposed to make Chainlink the
GMX, the decentralized crypto derivatives exchange, may soon integrate Chainlink's low latency oracles into v2
As part of its endeavor to bring more decentralization, popular derivative exchange, GMX, proposed to make Chainlink [LINK] the oracle partner of its V2.
Decentralized derivatives platforms GMX and dYdX battle for the top DEXspot with each planning significant improvements for this year.
GMX Whales continue to accumulate more tokens, which could lead to a surge in price. Could GMX push towards a new all-time high of $100?
Lookonchain's data revealed a transaction on 25 March, which seemed concerning for GMX. As per the tweet, a whale exchanged all of its GMX for Arbitrum [ARB].
It is worth mentioning that GMX is a DeFi platform, built on the Arbitrum (Ethereum L2) and Avalanche network, which allows trading through perpetual futures up to x30 leverage on the most well-known crypto assets
The native token of the GMX (CRYPTO: GMX) exchange is currently trading at $83.12 and has increased by about 89% since the start of the year, according to CoinGecko. The decentralized derivatives exchange is receiving support from its community for the deployment of its protocol on Base, Coinbase's recently-launched layer 2 blockchain.
Some community members of the decentralized crypto exchange backed the early mover proposal to deploy GMX on Coinbase's L2 blockchain.Concerns were raised over possibly doxxing the protocol's pseudonymous founders as Base could require KYC verification and AML checks.Coinbase recently launched the L2 blockchain Base using Optimism's OP stack to leverage network scalability and tap into Ethereum's mainnet. Community members of decentralized exchange (DEX) GMX echoed support for a proposal to deploy the protocol on the Base blockchain, a layer 2 decentralized network recently launched by major crypto exchange Coinbase.
Decentralized derivatives exchange GMX has community support over deploying the protocol on Coinbase's (COIN) recently-announced layer 2 blockchain, Base.
New champions are out there! About 2 months back, I took a unique position in the crypto market.
The Arbitrum ecosystem is experiencing a significant surge in activity and interest following the announcement of a forthcoming airdrop. This Layer 2 scaling solution for Ethereum, which has garnered widespread attention due to its potential to enhance transaction throughput and reduce fees, is now witnessing the rally of its most notable assets.
Even as the cryptocurrency market is trading in red, GMX has witnessed an upsurge rallying more than 10% over the
Just a few days ago, the cryptocurrency market soared at the peak of a banking crisis in the United States. However, it appears the rally has halted as the global cryptocurrency market declined and has reflected in most coin prices.
GMX is leading the altcoin charge this morning in an unusually bullish way. The digital currency is trading at a 9.36% surge over the past 24 hours and by more than 21% in the trailing seven-day period.
The USDC saga has taken the crypto-markets by storm. For its part, however, GMX has been swift in taking action to deal with the volatility of the prevailing market.
The GMX upward trend could continue if the price bounces at the $59.50 area.
Latest crypto news regarding Cronos (CRO) and GMX. Cronos (CRO) is the cryptocurrency issued by Crypto.com, the popular crypto exchange. It was launched in 2016, along with Crypto.com itself.
According to DeFiLlama, GMX whizzed past competition to become the top derivative exchange in terms of total value locked (TVL).
