GMX (GMX)

GMX (GMX)

Rank #77

$49.67

8.18%

0.0029 BTC

GMX
USD

MARKET CAP

$396.885M

ALL TIME HIGH

$217.32

VOLUME 24H

$43.099M

CIRC. SUPPLY

7.991M

VOL/MCAP

11.00%

TOTAL SUPPLY

8.648M

DILUTED MCAP

$429.859M

MAX SUPPLY

--

1H USD

0%

24H USD

8.18%

7D USD

12.89%

30D USD

17.73%

60D USD

28.46%

90D USD

0%

Tag:

derivativesdexavalanche-ecosystemarbitrum-ecosytemView all

GMX Price Chart

24h Change

8.18 %

GMX - GMX Profiles

What is GMX?

GMX is a decentralized spot and perpetual exchange project. From the first development platform Arbitrum, GMX gained a lot of users, then continued to expand to Avalanche.

GMX provides traders with a complete set of tools to trade spot as well as long/short, with strong advantages of cost savings, no arbitrage, no funding rate, and minimal possibility of liquidation.

GMX: l'Exchange di Perpetual Derivates - The Crypto Gateway

GMX Operation Model

GMX is an exchange with a rather special operating model, the project does not apply an order-book model like dYdX, nor does it use an AMM pool like Perpetual Protocol. GMX has its own liquidity pools and the price will be traded based on the oracle price.

When trading Spot ETH-USDC on GMX:

User transfers ETH to GMX's ETH pool and GMX will take USDC from USDC Pool to transfer back to user and all process will be based on price from Oracle – Chainlink.

When trading Margin and Perpetual leverage, ETH-USDC x5:

The user uses x5 leverage, based on the price from oracle, and trades as usual, the project will imply that the user is borrowing x5 USDC to buy ETH.

Attention: When trading leverage

Transaction Fee: Initial transaction fee to open a position.
Lending Fee: Borrowing fee to increase leverage.
Spread: The small fee paid to the exchange (middle party).

Liquidity supply model

All the liquidity provided by the user will be converted into GLP tokens, and when no longer available, the user can exchange back from GLP for any asset in the pool.

So GLP is the token that represents all liquidity pools on GMX. GLP can be understood as an index representing a basket of assets used to provide liquidity on GMX.

=> When providing liquidity on GMX, users are providing liquidity for the entire asset on it, not just one token. As a result, investing in GLP tokens also means investing in the index with the following ratio:

Mô hình cung cấp thanh khoản GMX

Roadmap 

The GMX project has the following development orientations in the near future such as:

Platform reliability and interface improvements:

Synthetic token: Support Synthetic token through PvP AMM or aim to improve the platform by providing more options for traders

X4 / new chains: These chains will be implemented after Synthetic token launch.

Besides these main directions, GMX will continue to develop interfaces and features such as:

Share position
Integrated Trading Chart
One-minute chart
Improved transaction history
Close the position and get any supported tokens

Read Full Article: Click Here

 

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GMX Price Live Data

GMX Price

$49.67

Trading Volume

$43.10 M

All Time High

$217.32

1hour Change

-1.02%

24hours Change

8.18%

24hours Range

8.11%

24hours Low

$35.61

24hours High

$44.43

Liquidity ±2%

$0.00

Bids -2%

$0.00

Asks +2%

$0.00

Market Cap

$396.89 M

Fully Diluted Market Cap

429.86 M

Circulating Supply

7.99 M

Total Supply

8.65 M

Max Supply

0.00

GMX Markets

See All Market
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