GMX (CRYPTO: GMX)

GMX is a decentralized spot and perpetual exchange that enables low swap fees and zero price impact trades. It operates with a multi-asset pool that generates liquidity provider fees from market making, swap fees, and leverage trading. The platform leverages Chainlink Oracles and aggregates prices from leading volume exchanges to support dynamic pricing. While GMX hasn't provided clear information about its founders, the platform utilizes the GMX token within its ecosystem. The GMX token offers various functionalities, including rewards, staking, vesting, and multiplier points. Users can earn rewards, stake tokens for benefits, convert Escrowed GMX to GMX through vesting, and use Multiplier Points to enhance ETH/AVAX APRs. The token plays a vital role in facilitating activities and providing incentives within the GMX ecosystem.

$51.21 $1.82 (3.5%) Sunday, February 25, 2024 at 10:26:18 a.m. Eastern Standard Time

Fundamentals GMX

Last updated Feb 25, 2024, 10:26:18am EST
Current Price $51.21
Change $1.82 (3.5%)
Close Price $51.32
Open Price $51.32
Bid $0.00
Ask $0.00
Day Range $49.39 - $52.05
Year Range $17.70 - $91.54
Volume 5,549
Average Volume 36,432
Market Cap $484,559,637.64

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