Market Cap
$239,676,194.6
Fully Diluted Valuation
$318,752,068.0
24 Hour Trading Vol
$47,631,474.6
Circulating Supply
9,962,945.8
Total Supply
9,962,945.8
Max Supply
13,250,000.0
GMX Price
$24.06
24h Range
$22.69 - $24.60
Percent Change 1h
0.19%
Percent Change 24h
4.82%
Percent Change 7d
27.38%
All-time high
$91.07
All-time low
$11.53
1D
7D
1M
1Y
All
GMX is a decentralized spot and perpetual exchange that allows users to trade cryptocurrencies directly from their wallets. Built on the Ethereum and Avalanche blockchains, GMX provides a unique trading experience characterized by low fees and zero slippage, thanks to its innovative liquidity model. The platform supports a wide range of assets, enabling users to trade in a decentralized manner while retaining full custody of their funds. As of 2024, GMX has gained significant traction in the decentralized finance (DeFi) space, boasting a daily trading volume that often exceeds $100 million, reflecting its growing popularity among crypto traders.
GMX was co-founded by a team of experienced developers and blockchain enthusiasts. The key figures behind GMX include Bertrand Hwang and Eric Cheng, who aimed to create a user-friendly and efficient trading platform that leverages the advantages of decentralized finance. Their collective experience in software development and finance has been instrumental in the growth and success of GMX since its inception in late 2021. The development team remains anonymous to some extent, which is common in the crypto space, but they are actively engaged with the community and continuously work on improving the platform.
GMX operates on a multi-asset liquidity pool model where users can provide liquidity by depositing assets like ETH, BTC, and stablecoins. This liquidity is used to facilitate trades, allowing users to swap assets seamlessly. The platform employs an automated market maker (AMM) mechanism, enabling users to trade without needing a traditional order book. GMX also features a unique oracle price feed that ensures accurate pricing, reducing the risk of price manipulation. Additionally, GMX offers leverage trading on perpetual contracts, allowing users to increase their exposure up to 50x. The platform incentivizes liquidity providers with GMX tokens and fees generated from trades, creating a sustainable ecosystem for both traders and liquidity providers.
GMX is designed for various use cases within the DeFi ecosystem, including:
To ensure the safety of your GMX tokens and assets, consider the following best practices:
Investing in GMX (GMX) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy GMX: Once your account is funded, you can purchase GMX directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in GMX using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
GMX (GMX) is currently trading at $24.06 and exhibits good potential for future growth. Check the latest GMX (GMX) price prediction.
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