Name : GMX (GMX)
GMX Price : $26.81900 +4.9%
Consensus Mechanism : Token
Volume: 14,243,541
Market Cap: 254,320,980
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Last Screening: Q4 2023
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Overview
GMX is a decentralized exchange that facilitates spot and perpetual trading with low swap fees and minimal price impact. Users can trade without the need for a username or password, and GMX employs a price feed based on an aggregate of exchanges to mitigate the risk of liquidations caused by temporary market fluctuations. The platform supports both swaps and leverage trading, offering liquidity pools with various pairings, stablecoins, and fiat currencies. GMX's native token, GLP, forms an index of assets for swaps and leverage trading, providing a versatile and decentralized trading environment.
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