Recent updates from the decentralized trading platform GMX have indicated a significant uptick in user engagement and activity. According to external sources, all fee data and statistics related to the platform's performance can now be accessed through various online dashboards such as GMX Dashboard, GMX Stats, and GMX Analytics. For users interested in annual percentage rates (APRs), information is available on the GMX Earn page.
Record Activity and Epoch 18 Incentives
A record level of activity was reported on GMX, as noted in an official tweet, pointing to a burgeoning interest in decentralized finance solutions. Alongside this, the platform has rolled out its Epoch 18 incentives, featuring boosted liquidity incentives on several cryptocurrencies including AAVE, NEAR, ATOM, and LINK. Traders are now able to engage in on-chain trading with self-custody options and enjoy up to a 75% discount on fees.
Expansion of GM Markets
In a strategic expansion of its market offerings, GMX has introduced AVAX as a new GM Market. This development allows liquidity providers and traders to engage with AVAX through the GMX platform, further diversifying the trading options available to its users.
Upcoming GMX Events
The platform is not just expanding its market reach but also fostering community engagement through various events. One such event was a discussion hosted on March 7 at 4 PM UTC with dappOS on an X Space AMA. The session focused on topics such as onchain trading, dappOS' simplified GMX frontend, and the introduction of new GM markets.
GMX Social Media Buzz
GMX's presence on social media platforms like Twitter has been buzzing with activity. Several tweets from different accounts including UmamiDao, Tradaoperp, DeFiMann, gloopfinance, Alienzone_io, and rage_trade have highlighted various aspects of GMX's ecosystem. Additionally, a notable conversation took place when Jonezee from GMX joined Bracket Labs on an X Space to discuss the vision for the GMX ecosystem and the newly live $GMX market on Passage.