Crypto Ecosystems
DeFi
January 19, 2023, 10:03AM EST
• 7 min read

A Deep Dive Into GMX

Brandon Kae

Quick Take

  • Launched in September 2021, GMX is a spot and margin trading exchange on Arbitrum and Avalanche.
  • GMX’s main selling point is their zero-slippage trades enabled by the GLP pool, a shared liquidity pool comprising various assets with different weightings.
  • GMX’s protocol and user metrics have performed exceptionally well in 2022, especially from Q3 onwards.
  • This growth was fueled by GMX’s “real yield” narrative where the protocol shares its revenue with stakers and holders of GMX and GLP tokens.

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