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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.
Decentralized exchange GMX has seen a material increase since the FTX implosion establishing itself as a notable market contender.
The global crypto market has continued to grow in value due to inflows. The recent changes for Bitcoin, Ethereum, and others continue to show encouraging results.
Few altcoins are rallying despite the FTX (CRYPTO: FTT) fiasco that sent shockwaves to the overall crypto market. What Happened: The top altcoin performer was Trust Wallet's native token TWT (CRYPTO: TWT) that rallied over 100% in the past seven days as the price reached an all-time high of $2.27.
BeInCrypto takes a look at five projects that beat the crypto market last week, more specifically, from Nov. 11 to Nov. 18 The post TWT, GMX, TON, CHZ, LDO Lead Crypto Market Recovery appeared first on BeInCrypto.
The price action displayed by top altcoins in recent times has yet to be encouraging with the market's erratic price movement after a cascading effect suffered by FTX led to many altcoins, including the price of Ethereum (ETH), battling for survival. The Domino effect of the FTX saga and other huge investors has left the market at a standstill as the market has yet to make a major move.
Eight, a cryptocurrency consultancy founded by Michaël van de Poppe in 2018, has uncovered the best altcoins that can benefit from FTX's demise. According to analysts, recent events are promoting a narrative that is strongly associated with decentralization.
Cryptocurrency prices moved lower this morning, with prices for Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, recording losses on Wednesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the $1,300 level on Wednesday.
Avalanche Foundation has announced it will grant a $4 million incentive in AVAX tokens for the growth of decentralized trading platform GMX.
