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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).
According to new data provided by Santiment, GMX tokens have been on the receiving end of massive whale interest after the FTX collapse. This whale interest has resulted in a surge in GMX's prices over the past few months.
Popular crypto analyst Michaël van de Poppe thinks that one decentralized finance (DeFi) altcoin that's been showing strength this year is likely due for a big bounce.
Recently, GMX outperformed its competitor dydx in terms of TVL. GMX's TVL was four times that of dydx according to the data provided by Artemis.
This article looks at $GMX — the governance and utility token of GMX, a popular decentralized exchange that runs on Arbitrum and Avalanche — and some notable names that have been accumulating it lately.
Traders are pivoting into decentralized solutions like GMX, LDO and MKR as the U.S. Securities and Exchange Commission cracks down on the crypto industry.
Key Points: Over the weekend, DEX exchange GMX surpassed Ethereum to become the largest revenue-generating DeFi platform in the DeFi industry.
The decentralized futures exchange product has gained a loyal community of users in the past few months.
According to the latest data from Artemis, the majority of GMX‘s activity has shifted from Avalanche [AVAX] to Arbitrum. This shift has raised concerns about the potential impact on Avalanche, as GMX is currently the largest perp by market cap and outperforms many of its competitors in terms of Total Value Locked (TVL).
GMX, the perpetual trading decentralized exchange (DEX) allowing up to 50X leverage, now generates more trading fees than the BNB Smart Chain (BSC) and Bitcoin. GMX Is The Third Most Active Platform According to statistics, GMX's 1-day fee on January 19 was around $589,000, while BSC and Bitcoin on-chain fees, over the same period, stood at $524,232 and $328,935, respectively.
Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, recorded gains, trading above the key $18,000 level on Wednesday. Ethereum (CRYPTO: ETH), however, traded slightly lower, but remained above the $1,300 level.
In his newest blog post, BitMex co-founder, Arthur Hayes, shares the top four that can provide long-term profits for investors in this bear market.
BitMEX founder Arthur Hayes is revealing his altcoin portfolio while predicting that 2023 could be a great year for the crypto industry.
What if I told you the key to create generational wealth could come down to just identifying and picking a couple of massive potential crypto coins.
Crypto prices came under pressure, as Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, traded lower this morning, but remained above the key $17,000 level on Tuesday. Ethereum (CRYPTO: ETH) also recorded losses, but traded above the $1,200 level.
BeInCrypto takes a look at five altcoins that increased the most from the entire crypto market last week, more specifically, from Nov. 25 to Dec. 2 The post Fantom, GMX, EthereumPoW, Dogecoin, and Huobi Token Are on the Rise appeared first on BeInCrypto.
Crypto prices traded slightly higher this morning, with Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, approaching the $17,000 level on Thursday. Ethereum (CRYPTO: ETH) also edged higher, trading above the key $1,200 level.
