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Price has increased by 77.57% in the last 1 year.
Released 1 Years ago on Sep,13 2021.
The circulating supply has yet to be published.
Has high liquidity with 0.13694 volume to market cap ratio. The current market cap is $631.44M while the 24-hour volume is $86.47M
GMX comes under the list of new-arrival cryptos. Hence, there is no Quarterly Return exist.
GMX to PKR price today is ₨20,838.95, which is Up by 7.62% over the last 24 hours. There has been an hourly Rise by 1.92%. GMX's market cap currently sits at ₨178,994,882,697.09 PKR, holding up for a market cap rank at #71. The volume were at ₨24,512,364,482.88 PKR GMX ranks no 71 in the market capitalization of GMX is at ₨178,994,882,697.09 and its volume for 24 hours is ₨24,512,364,482.88. GMX are under circulation, with total supply of 9.01M and the Maximum supply of 0.
What is GMX (GMX)?
With GMX, you can trade top cryptocurrencies directly from your wallet with up to 30x leverage and no swap fees.
A multi-asset liquidity pool operates on the DEX. Fees can be earned by those who provide liquidity. Market making, asset rebalancing, leveraged trading, and swaps all incur these fees.
The exchange hopes it can attract users as well as providers. The DEX also offers 'dynamic pricing' due to its low fees and the Chainlink (LINK) oracles implemented. A price feed aggregated across its platform also eliminates the risk of liquidations caused by temporary wicks."
Avalanche (AVAX) and Arbitrum blockchains supported GMX as of 30 November 2022.
There needs to be more information about who founded GMX. Two previous protocols by the same team, XVIX and Gambit, have been successfully launched.
A new AMM called X4 is also being developed by the team. My understanding is that X is the developer in charge.
In addition to its unique features, GMX is not the first decentralized derivatives market.
Community-operated liquidity pools, known as 'unionized,' are the core of GMX. In leveraged trading, GLP provides liquidity. (Leverage makes it easy!) GLP holders earn when traders lose.
Two types of fees are charged to traders on GMX:
Depending on the asset, the borrowing fee changes: it's lower for less prevalent and more elevated for more widespread assets.
All platform fees are split between GMX and GLP token holders:
A multi-asset pool known as GLP facilitates trading on GMX. Uniswap and Chainlink are both altcoins, and there are 50-55% stablecoins, 25% ETH, and 20% BTC in the mix.
In GMX, liquidity providers' liquidity is added by minting GLP (GMX Liquidity Provider Tokens). This blockchain allows them to earn 70% of all fees from minting GLP. It is important to note that GLP does not suffer an impermanent loss like some liquidity pools.
This liquidity pool is open to anyone interested in becoming a supplier and earning fees. Aside from perpetual swaps, users can also trade spots in the assets provided. A GLP token holder becomes a counterparty to traders when they lose a trade as they provide liquidity to leveraged trades.
You can mint a GLP token with any index asset and burn a GLP token for a return of any index asset. There is no transferability or automatic stake for this token, unlike the GMX token. There is a difference between Arbitrum and Avalanche regarding GLP's price, rewards, and index composition.
Connect your wallet and click "Stake" to stake your GMX tokens and earn rewards.
After the transaction is confirmed on-chain, you will be rewarded 30% of GMX's protocol fees and esGMX and Multiplier Points.
GMX users will see that "Total Rewards" increases all three reward types. Your earned rewards can be staked and compounded by clicking "Compound."
In the case of a perpetual swap, there is no expiry date, so the instrument can be held for an indefinite period. To support very leveraged positions, endless in DeFi requires little capital upfront.
A specific feature of the GMX project is non-custodial perpetual swap trading, emphasizing a user-friendly user experience. Longs and shorts can be executed on GMX quickly, efficiently, and cheaply. LPs earning money from leveraged trading and swaps can also contribute assets to the protocol's multi-asset pool system.
The perpetual futures market is also crowded with competitors within the DeFi space. Additionally, centralized exchanges will always hold a significant market share, which poses a threat to the market as a whole.
As of September 2021, GMX tokens were trading for around $15. Soon after its launch, the token was caught up in a recent significant crypto market crash.
Between November 10, 2021 (when the crypto market started falling precipitously) and mid-June 2022 (when the market finally managed to stabilize), the overall industry market cap dropped by 69 percent (from $3 trillion to $920 billion).
Concurrently, GMX's token price declined somewhat less severely by 58 percent (from $33 to $14).
On September 1 (the time of this writing), the token's value rose from $14 in mid-June to $47.80, an increase of 241 percent from its mid-June price of $14. 9 percent of the cryptocurrency market (from $920 billion to $1 trillion) has increased since the beginning of the year.
This token is clearly very popular in the market. Various options are available to advanced traders on the platform, which is a critical factor for this optimism.
A new feature, X4, is in the pipeline for the exchange. Liquidity providers can customize the pool and option structure using X4, an AMM pool concept.
Accordingly, GMX is one of the best long-term investment options, given its recent rally and the strategy adopted by the platform.
|$ 7.48 million ($ 7,480,873)|
|Market cap:||$ 27.55 million ($ 27,553,397)|
|Fully diluted market cap:||$ 27.55 million ($ 27,553,397)|
|Circulating supply:||643,154.00 GMX|
|Total supply:||Total supply|
|Avalanche contract address:||0x62edc0692BD897D2295872a9FFCac5425011c661 .|
Where is the GMX(GMX) coin available?
GMX(GMX) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.
You can check the whole list of exchanges here to buy GMX(GMX).
The current GMX to PKR price is ₨20,838.95. In the last 24 hours, GMX to PKR price has gone up by 7.62%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future GMX price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired GMX at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging GMX against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, GMX can be earned or received in various ways. GMX considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the GMX, including GMX to PHP, GMX to INR, GMX to NGN, GMX to THB, GMX to CAD, GMX to PKR, GMX to IDR , GMX to EUR , GMX to AUD , GMX to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 GMX is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like GMX to ARB, GMX to XRP, GMX to SHIBONE, GMX to BNB, GMX to SHIB, GMX to ID, GMX to BTC, GMX to KAS .
The current price of the GMX(GMX) is ₨20,838.95, with a current market cap ₨178,994,882,697.09.
GMX is a ticker symbol of the GMX.
At the movement,8.59M GMX tokens are already in the market out of 9.01M GMX.
There are many options for buying crypto, and GMX can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy GMX. It's a quick, easy, and secure way to buy GMX(GMX).
No, It is not a stablecoin.
GMX had an all-time low of 0.00.
GMX was created on 13 September 2021.
No, the GMX (GMX) coin cannot be mined.
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