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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.

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.

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