What is GMX Avalanche?

On GMX’s perpetual exchange, users can easily swap or leverage trade (up to 30X) AVAX with no slippage and no liquidation wicks, thanks to the Chainlink oracle price feed. Since launching on Avalanche, GMX has seen significant growth with over $1B transactions in less than two weeks.

What cryptocurrencies are available on GMX & Avalanche?

The cryptocurrencies currently available to GMX users on Arbitrum are ETH, WETH, BTC, LINK, UNI, USDC, USDT, DAI, and FRAX. In contrast, the tokens available on Avalanche are AVAX, WAVAX, ETH, BTC, and USDC, and users can trade them with up to 30x leverage.

What is GMX (GMX)?

GMX is a rebrand from the now deprecated Gambit exchange. GMX’s decentralized spot trading protocol allows investors to perform seamless cryptocurrency swaps from the comfort of their personal wallets. But, its most popular product is its decentralized perpetual contract trading platform.

What is GMX – a spot and perpetuals decentralized exchange?

CoinMarketCap Academy takes a deep dive into GMX — a spot and perpetuals decentralized exchange on Arbitrum and Avalanche. What Is GMX? How Does GLP Work? How Does Value Accrue to GLP and GMX? In November 2022, the catastrophic and rapid collapse of one of the largest crypto exchanges in the world, FTX, took the crypto world by storm.