_B2F_ 🫐

@GMX_IO @Marczeller would do a fantastic job as CEO 👀

A new Governance proposal is live on Snapshot: 🔸 "GMX Labs Leadership Update" Tokenholders, please cast your votes: snapshot.box/#/s:gmx.eth/

$XAUT, $LIT, and $IP are now live on $GMX on Arbitrum, Base, BNB, and Ethereum. Trade or provide liquidity and earn fees to these markets. This allows for fun strategies, as shorting/longing XAUT with $BTC as collateral.

$BTC rejected at $98k. $74k is next.

@stan3web @SeraphSassy @kaledora The multichain infra of GMX relies on an abstracted account (you deposit in it similar to app-specific) and the liquidity remains on arbitrum but is accessible from everywhere so that the fragmentation is not an issue.

Feels like the direction perp DEXs are heading in currently hasn’t been very multichain, but more app-specific. Maybe I’m wrong, but so far most perp DEXs I’ve noticed that expanded across many chains have struggled with fragmentation (and even the ones that tried to address this issue struggled a lot).

no one talks about GMX anymore but they run an awesome cash flow business consistently doing ~$35m annualized in fees, $200m in daily volume all the pump & dump once-farmed DEXes with mercenary teams have since had volume go to zero GMX is still standing and loyal user base. deep value. P/E of ~3 prediction: over the next two years small cap value stonks / russell 2000 bros will start hunting undervalued tokens with great cash flows - the frontier of deep value is onchain

@shu_bit_ @hansolar21 Wen spot on lighter ?

Coin Margin. Capped Price Impact. Multichain. Here's why thousands of traders use GMX daily in 2025: 👇 ✅ It's the go-to Perp DEX for users on public chains. ✅ Great price execution at size! You can open a $20 million BTC Long or Short now with zero price impact, low fees, and impact capped at 50 bps on close. ✅ Fully permissionless. Meaningfully decentralized. ✅ Trade 100+ tokens with up to 100x lev when your edge warrants it. ✅ One of the only DEXes with coin-margin: on ETH, BTC, SOL, LINK, AAVE, ARB, AAVE, GMX and UNI. Go long ETH with ETH collateral, or 1x short [X] with [X] for instant easy delta-neutral funding farming. ✅ 400M in pool Liquidity, with 20,000+ users LP'ing. Forget thin order books and MMs that pull liquidity, leaving traders rekt (Oct. 10 crash?) ✅ Fair markets with lower liquidation risk, due to aggregated oracle pricing. Chainlink's low-latency Data Streams prevent outlier price wicks. ✅ 1-Click Trading + GMX Express = Flow-state trading, onchain. No more excess wallet pop-ups, RPC issues, or 'insufficient ETH for gas' errors. ✅ Open Source & Verifiable: all exchange data is on public chains. ...tune in next week, for more @GMX_IO alpha.

@monad $Mon 👀

Last week The GMX Buy Back & Distribute Programme acquired 33,800 $GMX and will achieve a yield of 22.35% APR in the coming week. To date, GMX Buy Back & Distribute has purchased 1,590,275 GMX from the open market, achieving an average yield of 20.62% for stakers in its lifetime.

@hahawegonnadie @chameleon_jeff I have been bit more lucky than you on ENA but still very early considering it wicked to 0.2 or something… while fucking up all my DN strategies 🥲

Debunking the FUD that Hyperliquid prioritizes protocol revenue over traders On 10/10, Hyperliquid ADLs net made users hundreds of millions of dollars by closing profitable short positions at favorable prices. If more positions had been backstop liquidated, HLP could have made hundreds of millions of dollars more in pnl, while being exposed to an irresponsible amount of risk. ADL passed on HLP's potential pnl to users while decreasing HLP's exposure, a win-win. As a reminder the ADL queue on Hyperliqid has always followed a similar formula to what most CEXs use, incorporating both leverage used and unrealized pnl on the open position. Finally, thanks to everyone for the feedback on ADL. Suggestions generally increase complexity, such as partially offsetting long and short positions in historically correlated assets. I don't know of other major venues that use more complex logic for the ADL queue. Simple formulas are more robust and understandable by users. Nonetheless, there is research being done on whether there can be substantial improvements that merit more complexity.

Today I started looking into @botanix which is a Bitcoin L2 that allows you to trade on GMX perp DEX with BTC as collateral. Word of mouth is that there is a secret point season ongoing. I used garden.finance to bridge some native BTC and opened my first trade.

The @Base network is only the beginning. In the coming weeks, GMX Multichain enables trading from Binance Chain, Ethereum Mainnet, Berachain, Linea, Plasma, and more. Liquidity provision from these chains will also be unlocked, further scaling GMX’s proven model horizontally.

$GMX just released the new @chaoslabs risk oracles allowing for a more optimized way to raise available liquidity, with more optimizations coming soon Finally GMX as an AMM based perp dex will be scaling harder, and harder. $BTC now has $112M long and $116M short liquidity.

The Lighter public mainnet is live after 8 months of private beta! Trade perpetuals with low costs and low latency on Ethereum L2 with custom ZK circuits for verifiable matching and liquidations. Experience onchain trading at the performance grade of high frequency finance.

How is this possible? $GMX vs $SNX

In under a year @GMX_IO has purchased 15% of its circulating supply from the open market using real revenue🫐 Arguments can be made for or against the impact on price were these burned or held in a strategic reserve, but its quite the feat nonetheless. $GMX

Two new markets just went live on @GMX_IO: - $ZORA from @zora - $KTA from @KeetaNetwork Both are available to trade now with up to 50x leverage now 🫐

A major upgrade to the GMX dApp is now live: 🔹The interface has been fully revamped with new styles, including updated colors, and improved readability and usability 🔹The navigation menu has been streamlined 🔹A new 'Light Theme' mode is available 🔹All GMX V1 items were relocated to a dedicated interface, which can be accessed via the footer of the dApp 1/2 👇