GMX(GMX)

AVAX and GMX have over 60% and over 40% holders holding in profit, respectively. AVAX has increased by over 100% in value in the last two months. The AVAX and GMX tokens within the AvalancheThe post AVAX, GMX holders in profit - but there's more to the story appeared first on AMBCrypto.

GMX recorded a slight decline in TVL in the last month. Network activity, however, grew during the same period.  Leading decentralized exchange (DEX) for perpetual contracts GMX ranked as tThe post Active user base soars on GMX, but there's a catch appeared first on AMBCrypto.

Neither Trader Joe nor GMX had a higher trading volume than AVAX. AVAX has a more even distribution among whales and retail holders than the others. The month of November proved to be vital The post Can any Avalanche-based tokens come close to its flagship AVAX? appeared first on AMBCrypto.

Bitcoin is trending higher. Meanwhile, experts are bullish on GMX and InQubeta. Over $5.4 million has been raised in the QUBE presale

The spot and perp exchange has stamped its spot as the leader on Arbitrum. If GMX continues to ship new features, it could be bullish for price action. Unless a miracle happens, GMX, the decThe post GMX has Arbitrum on lockdown amid intense competition appeared first on AMBCrypto.

Vega Protocol aims to position itself as a competitor against popular decentralized perpetual projects like dYdX, Synthetix and GMX.

Arbitrum protocol's flourishing ecosystem experiences substantial growth, with GMX playing a pivotal role. This active participation in the DeFi sector reinforces Arbitrum's position in the market.

Due to the ongoing bullish trend, traders have flocked to GMX to speculate on the future values of crypto assets, driving up the protocol’s trading fees and volume to new highs.

Such rewards have been made possible as the platform was the biggest recipient of Arbitrum’s arb (ARB) token grant following a community vote in October.

While Bitcoin takes a pause, investors are contemplating other altcoins as well as crypto presales in search of the best crypto to buy now. Image by cryptonews.comBitcoin is experiencing a marginal dip today after having consecutive green closes for nearly a week. While Bitcoin takes a pause, investors are contemplating top options such as GALA, […] The post Best Crypto to Buy Now October 26 – GALA, The Graph, GMX appeared first on Cryptonews.

Out of 100 applicants, Arbitrum chose to focus on derivative protocols and decentralized exchanges. However, approved projects need to report on their respective progress regularly.

Arbitrum announces its first grant winners, with GMX securing the lion's share. As the Ethereum Layer 2 network advances, some prominent projects find themselves sidelined. The post Arbitrum’s $40M Grant Splash: GMX Triumphs, Lido’s Unexpected Sideline appeared first on COINOTAG NEWS.

Arbitrum's first grant application round has concluded, with 29 projects set to collectively receive 49.6 million ARB tokens ($40 million).

Arbitrum projects will receive token grants that may help attract new money to the popular blockchain.

Following the launch of GMX quests, the leading decentralized exchange has recorded a new daily all-time high for network activity on its V2 iteration.

Decentralized perpetual futures trading exchange GMX gave the bounty last year but it is just now being made public.

The person in question has traded ten times on GMX, having a win rate of 80%.

The world of cryptocurrencies, with its meteoric rises and abrupt falls, is like a high-stakes game of chess. From cryptocurrency trading for beginners to seasoned traders scouting for the best cryptos to buy now, everyone is on the lookout for the next big thing. Amid this bustling ecosystem, altcoins to watch often come into the […]

One of the largest pieces of news impacting crypto markets today is that Coinbase has requested the dismissal of a lawsuit filed against them by the United States Securities and Exchange Commission (SEC), according to an announcement made today by Paul Grewal, the company's Chief Legal Officer. Grewal disseminated the news on X, stating, "Coinbase filed our brief asking the Court to dismiss the SEC's case against us."... Read More: Best Crypto to Buy Now 4 August – GMX, XDC Network, Injective

Version 2 of GMX allows trading of riskier assets at lower fees, with some pools yielding as much as an annualized 47%.

Prime Minister Fumio Kishida of Japan made a resolute statement today that could be a boon to crypto markets, reiterating the country's ambition to be at the forefront of Web3 innovation. His remarks coincided with news that leading cryptocurrency exchange Binance plans to launch operations in Japan beginning August 2023. This provides a new on-ramp for Japanese investors to access cryptocurrencies, despite Binance’s ongoing jurisdictional battles with American regulators.... Read More: Best Crypto to Buy Now 25 July – Maker, GMX, Trust Wallet

GMX, the governance and utility token that powers GMX, an Arbitrum-based decentralized exchange (DEX) for trading perpetual cryptocurrency futures with leverage, has tanked around 6.5% in the last 24 hours, as per CoinGecko. That makes gives it the unwelcome crown of being the worst-performing cryptocurrency in the top 100 by market capitalization over this time period.... Read More: GMX Price Prediction as GMX Slumps 6.5% - Here’s Where the DEX Token Could Be Headed Next

Tortola, British Virgin Islands, July 12th, 2023, ChainwireIn its ongoing journey to reshape the crypto investing landscape, Struct Finance, a DeFi platform that enables investors to engage with tailored interest rate products linked to digital assets, is thrilled to announce the launch of the BTC.B-USDC Vaults.The tranche-based BTC.B-USDC Interest Rate Product was made possible by effectively leveraging Avalanche’s BTC.B (Bridged Bitcoin) for DeFi applications. The new vault beautifully complements Struct Finance’s Genesis USDC Vaults, heralding an exciting era in DeFi yield opportunities. Struct Finance built the new vault on top of GMX's Liquidity Provider Token (GLP) to generate predictable yields for BTC in the form of fixed returns, and USDC in the form of variable returns, while still leveraging a secure asset and minimizing volatility and exposure to other risks.“Our BTC.B-USDC Vaults represent an innovative application of Bitcoin in DeFi. We're taking full advantage of Avalanche's Bridged Bitcoin (BTC.B) to bring about a fresh wave of opportunities in the digital asset space,” said Ersin Dalkali, the Co-founder of Struct Finance.While Bitcoin continues to dominate the market, its inherent lack of a DeFi layer has traditionally made native yield generation quite challenging. Avalanche has unlocked new possibilities for Bitcoin in DeFi with BTC.B (Bridged Bitcoin). Unlike WBTC that relied on centralized bridges, BTC.B is minted via Avalanche Core — a decentralized bridge — and can be trustlessly bridged across networks using the Layer Zero bridge.At present, Bitcoin investments in prominent lending pools yield between 0.2–0.5%. Even the stable swap pools offering wBTC-BTC.B products only manage to deliver returns of about 2%. Struct’s BTC.B-USDC product shatters these limitations, offering significantly higher yields.The purpose of BTC.B is to empower BTC holders to explore DeFi opportunities on the Avalanche blockchain, without the need to acquire secondary tokens or rely on centralized bridges. BTC.B represents BTC coins transferred to the Avalanche blockchain in the form of ERC-20 tokens. With over 6000 BTC bridged and a fully diluted value of $180 million, BTC.B is carving a niche for itself in the crypto arena.The Bitcoin ETF applications by BlackRock, WisdomTree, and Invesco – three of the world’s leading asset managers – are not just a mere submission. It is a signal that the traditional financial realm is ready to embrace Bitcoin on a new level. Recently, the US Securities and Exchange Commission (SEC) gave the green light to a 2X leveraged Bitcoin ETF, sparking an enthusiastic wave of speculation and anticipation for approval of a spot Bitcoin ETF.Delta hedgingAmid the highly volatile crypto industry, Struct Finance’s Interest Rate Products allow anyone to split and repackage the risk of any yield-bearing DeFi assets in different parts to fit their risk profile through an innovative process called “tranching.” Every Interest Rate Product is a single vault split into two portions, or tranches that have different return configurations:A Fixed-return Tranche for conservative investors looking for consistent returnsA Variable-return Tranche for investors with a higher risk appetite seeking superior returnsThe yield from the underlying asset flows into the fixed tranche first to ensure predictable returns. The remainder is then allocated to the variable tranche, which gets enhanced exposure to the underlying yield-bearing asset. Compared to the fixed tranche, the variable tranche might accrue more yield, less yield, or no yield.As part of its BTC.B-USDC Vaults, Struct Finance has implemented a unique approach to managing investment risk: delta hedging. While the fixed tranche takes center stage with its high yield, the variable side of the product offers an additional layer of intriguing complexity and potential.Upon deployment of funds into the vault, the BTC.B in the fixed tranche gets converted into GMX’s GLP token, setting up a position that’s short Bitcoin against GLP and contributing a negative delta. In contrast, the USDC on the variable side is converted into GLP, which inherently carries a positive delta.This innovative delta-hedged product design achieves a fine balance between the positive and negative delta forces. It results in a robust strategy that allows investors to confidently navigate the crypto market’s inherent volatility.This artful interplay of the fixed and variable sides within the vaults opens the doors for investors to tap into the potential of Bitcoin investments like never before. By catering to a diverse range of risk appetites, Struct Finance ensures that both retail and institutional investors can tailor their strategies to maximize their returns, regardless of market conditions.About Struct FinanceStruct Finance is at the forefront of the DeFi revolution, with a vision to transform the design and utility of financial products. It empowers users to design their own financial instruments, harnessing the power of tokenized, yield-bearing positions to unlock a world of diverse investment opportunities. Moreover, its cutting-edge financial products adopt a tranche-based system, smartly distributing yield between different investor classes. This balanced approach guarantees a steady yield for risk-averse investors while also offering the prospect of heightened returns to the more adventurous. Initially available on Avalanche, Struct Finance plans to go multichain in the near future.For more information, visit: Website | Twitter | Discord | TelegramDisclaimer: This release is for informational purposes only and should not be construed as financial promotion.ContactMiguel [email protected]

The GMX dApp on the Avalanche network has witnessed massive growth. Will this benefit Avalanche positively?