Sirwin
Sirwin

$GMX Potential Coin on Arbitrum Chain


GMX | Decentralized Perpetual Exchange

GMX is a Decentralized Exchange and Perpetual Exchange that supports low swap fees and trading without price impact. Trading is supported by a unique multi-asset pool that generates liquidity provider fees from market making, swap fees, leverage trading (spreads, funding & liquidation fees) and asset rebalancing.

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GMX | Decentralized Perpetual Exchange

GMX has 2 tokens. The $GMX token is a utility token and $GLP is the GMX Liquidity Provider token, a token that incentivizes users to deposit their assets as liquidity on the GMX exchange and in return they score GLP.

  • This GMX stands on the Arbitrum Chain and Avalanche Chain
  • Token Total Supply : 8,779,959 GMX
  • Token Circulating Supply : 8,374,407 GMX

GMX is a very interesting token in my opinion because for several weeks, when the market experienced shocks, GMX was able to keep its price level from falling too deep. GMX also went up when the market was experiencing a dump as well. Another thing that makes $GMX interesting is that Arbitrum is arguably the dominant roll-up solution for transactions secured by the largest, most decentralized blockchain, Ethereum

Technical Analysis

GMX has several supports that can be analyzed. Most likely GMX will head for the first support at the $40.5 level, if the first support is broken it will head for the second support at the $36 level. The last support is GMX’s last defense at the $25 level.

TVL Analysis (Total Value Locked)

GMX: TVL and Stats — DefiLlama

  • $GMX TVL $474 Million
  • $GMX Market Cap $386 Million
  • Rasio Mcap / TVL 0.81

Note : This is just my personal view of $GMX

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Hamzah Nor Sihab
Hamzah Nor Sihab

Just an ordinary student who wants to learn about crypto markets and macro economics to survive in this cruel financial world


Hamzah Nor Sihab
Hamzah Nor Sihab

Just an ordinary student who wants to learn about crypto markets and macro economics to survive in this cruel financial world

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