How GMX improves Arbitrum’s prospects for success
ambcrypto.comDecentralized exchanges (DEXes) are witnessing a surge in interest as trust in centralized exchanges dwindles. In particular, GMX, one of the most popular DEXes on the Arbitrum[ARB] protocol, experienced a remarkable 162.4% increase in volume over the past month.
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The growing interest in perpetual DEXes holds the potential to benefit both GMX and the Arbitrum ecosystem in the long run.
Recent data highlighted the substantial uptick in volume on GMX, which has seen an impressive surge of 162.4% over the past month. As a prominent DEX on the Arbitrum protocol, GMX’s performance indicates a growing appetite for decentralized trading options among users.
<p lang=«en» dir=«ltr» xml:lang=«en»>Perpetual DEXs have seen significant volume over the last month.@muxprotocol appears to be the outlier, trading at a $46M TVL with $69M in volume (0.65x TVL to volume)Compare that to other Perp DEXs: – $GNS 0.86x – $GMX 2.81x – $SNX 1.40X pic.twitter.com/HJGccOZHsp
— Emperor Osmo
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