GMX price

8 major announcements from GMX in April '25 that you may have missed: 🧵 1️⃣ GMX generated ~$100 million in fees and earned ~$32 million in revenue this year, @TokenTerminal highlights. 2️⃣ The GMX DAO selects @LayerZero_Core as the preferred messaging infra provider for GMX Multichain. 3️⃣ GLV: [USDC] is live on @GMX_SOL, enabling users to provide liquidity and earn with just stablecoins 4️⃣ GMX was the largest contributor to @Arbitrum One's GDP over the past 365 days. 5️⃣ Milestone in Trading Volume: $1.01 Billion in just 24 hours 6️⃣ GMX realises the primary Perp DEX listing of the $DOLO token 7️⃣ April GMX Development Update 8️⃣ GMX looks to launch a Bitcoin-native version of its DEX on the @BotanixLabs network. 👇

A word of caution about Hyperliquid. Bookmark this. I see some parallels to GMX. Best DEX on the market, token doing great, everyone FOMOing. That’s because it’s still in the honeymoon period. Check the vesting schedule. After 2025, it’s an uphill battle with 250 mil new tokens. I get the hype about HYPE and its growing ecosystem. What Hyperliquid has built is impressive. However, if their ecosystem growth cannot absorb the inflation of its token and competitors start eroding its advantages, within a year or two, it may follow GMX’s price action. GMX pumped hard after launch, corrected 80%, then made a new ATH. After that, it was a non-stop bear market with new lows every year. HYPE pumped hard after launch, corrected by 73% and may do a new ATH before those 250 mil vested tokens hit the orderbooks. Best to take hard profits at that point, and in any event, before 2026 hits. DEX tokens generally have a short to medium life span before they underperform. Examples include UNI, GMX, SUSHI, 1Inch, and so on. Hyperliquid did well to pivot beyond their DEX as that would have been insufficient to sustain 1 bil HYPE tokens. Them locking up as many HYPE token as possible within their growing ecosystem will help, but their vesting schedule coincides with a possible bear market in the future. Hyperliquid did many things well, but its competitive advantage will be eroded in 1-2 years as new innovators and competitors emerge. Exchanges and trading is the most competitive market in crypto. Hope HYPE will continue to do well, but the landscape in 1-2 years will be tough, especially for a market leader in dex trading. Plus, Hyperliquid was attacked by CEXes recently due to its growing influence. Good to be mindful of such headwinds before you ape into HYPE at $50 in the future. People also aped into GMX at $90. See how that went. Down 90% since while BTC grinds into six digits. Take good profits on the way up and secure them with Bitcoin. That’s the only strategy that makes you a winner long term. Hit a follow @DU09BTC for more market insights in the future and share this message if you enjoyed reading it.

GMX is becoming the go-to permissionless perpetual exchange for public blockchains. Arbitrum, Avalanche, and Solana deployments are live. GMX Multichain will soon enable frictionless trading from popular EVM blockchains such as @Berachain, @Base, @BNBCHAIN, and others. @LayerZero_Core's tech will allow traders to access the hundreds of millions of liquidity on the existing GMX deployments cross-chain from any supported blockchain. Seamless and secure. A hybrid deployment on @BotanixLabs' Spiderchain - a leading Bitcoin Layer-2 that offers low fees, fast block times, and full EVM compatibility - is being realised alongside, following a recent DAO vote in favour of this proposal.

Will OG Defi trading make a comeback? Here are my thoughts on $AERO vs $HYPE Having worked in the onchain trading space since 2021, the beginning of $ARB $GMX $GNS $DYDX etc. - all of which are down bad. Think Hyperliquid competes directly with $BNB and Binance. Not to fud projects, but charts on OG Defi trading products do not look good.