GMX (GMX)

➥ GMX DAO just approved a major plan to fix $GMX price discovery If you had skin in the game in the early Arbitrum ecosystem, you probably remember @GMX_IO. I hope this proposal can help bring $GMX back. Some changes that will be implemented include: ⓵ Liquidity restructuring – Withdraw around 600,000 GMX from treasury-controlled liquidity pools on Uniswap and Trader Joe. – Redirect liquidity toward GMX V2, specifically the GMX–USDC pool. – Inject roughly $400k to deepen liquidity. – Target total onchain liquidity depth of around 2% of GMX market cap. ⓶ CEX supply control – Deploy a treasury-backed buy wall of 1,000,000 GMX at $5 on major centralized exchanges. – The buy wall will remain active for one week only to absorb excess sell pressure. – After that, buybacks will follow a Deposit → Buy → Withdraw cycle to minimize exchange custody risk. ⓷ Staking reward restructuring – All GMX staking rewards will be redirected to the Treasury and locked. – Rewards will only unlock when GMX price exceeds $90. – Governance will later decide how those rewards are distributed to avoid market shock. ⓸ Long-term staking incentives – Users must maintain at least 80% of their peak staked GMX balance to remain eligible for rewards. – Falling below the 80% threshold permanently forfeits accumulated rewards. This proposal is clearly designed to reduce circulating sell pressure while strengthening liquidity inside the GMX ecosystem. If executed properly, it could: – Improve price discovery for $GMX – Reduce CEX supply overhang – Strengthen long-term holder incentives

Before Hyperliquid, there was GMX. Well, technically, there were many, but GMX was the one that first stood out and made the concepts we all know like the GLV (vault, etc) One of the few things that is cool and to watch out for is the upcoming MegaETH launch with USDM denominated vaults. Reasoning is simple: - Usecase for USDM, especially this early on - Could potentially be a second coming of a tried and true product but on a much faster chain than ever before - Familiar UI, easy to use if you've ever used a perpdex before, it probably looks like this, they were the OGs Disclaimer, have partnered up with @GMX_IO because they're indeed one of the first defi pioneers that started perpdexes as an entire genre.

Proposed GMX CEO will earn $650,000 per year. Can't even get a good CMO at that price.

i’m finally part of the tribe. @wallchain gQuack if you gQuack. 🦆 https://t.co/niGHfqFwkI

Remember GMX being one of the only real options in the derivative space a few years ago. Today there's a lot more competition but they likely pioneered this niche in the entire space. On MegaETH they have quite an edge actually: Latency is incredibly low and there are incentivized USDM-based GLV vaults. Really good if you're active in this niche. Working with the awesome gents from GMX to spread the word on this one 🤝

Partnered up with one of the OG perp DEX players: @GMX_IO The @megaeth Mainnet is going to be big and GMX is almost ready to go live on it Sub-10ms blocks and 100K+ TPS $GMX brings in ultra-low latency perps trading and the incentivised USDM-based GLV vaults https://t.co/0twvZ8PiPS

Teamed up with @GMX_IO to cover their upcoming deployment on MegaETH. They’re engineering this for serious speed, and the specs for low latency perps look incredibly promising. When the gates open, my immediate play is going to be those incentivized USDM-based GLV vaults. Good yield on stables is hard to ignore right now, definitely keeping a close eye on this one.

I’ve partnered up with @GMX_IO to share what they’re building next in on‑chain perp trading. Here’s what’s worth paying attention to: • They’re expanding to MegaETH, bringing their perp infrastructure into a high‑performance environment. • Ultra‑low latency perps, designed to bring on‑chain trading closer to CEX speed with faster execution and smoother UX. • Incentivised USDM‑based GLV vaults, giving liquidity providers structured exposure and fee generation through a capital‑efficient setup. Looking forward to seeing this go fully live.

5th‑generation PerpDEX – Metrics and projected FDV (2/8) ✅ PerpDEX lineage 1st generation – GMX, dXdY and other early PerpDEXes 2nd generation – Vertex, Aark, LogX, BlueFin, etc., which opened the era of large‑scale public‑deck farming (most of them bombed out) 3rd generation – Hyperliquid (niche) 4th generation – Lighter, edgeX 5th generation – GRVT, Backpack, Pacifica, Extended, Paradex, Variational When challenged, you’re right. ✅ Metric comparison (Performances) - Funding: GRVT/Backpack sit at roughly $30 B, which I think helps to prevent the lower‑bound downside. - 7‑day volume (7D Vol): Extended $14.5 B / GRVT $13.3 B fighting for the top‑two spots. The rest have all fallen below $1 B weekly volume. - 30‑day volume (30D Vol): Extended has exceeded $50 B for two weeks straight, and GRVT also logged $53 B. The others are around the $30 B level. - Open Interest (OI): Overall OI is declining, yet Variational remains #1 with $611 M. Paradex is $596 M and GRVT $405 M, occupying second and third. - Total Value Locked (TVL): Backpack stays #1 at $348 M because spot markets are already active. ✅ Expected FDV / Market Cap The FDV estimate is a simple average of Hyperliquid / Lighter, etc. Cumulative Volume has lost significance and is removed. [FDV] - Monthly Volume (M Vol): Volumes have slipped slightly week over week. Still, compared with the average of prior TGE projects, GRVT/Extended FDV is about $2.3 B – thank you very much ㅜ. - TVL: Backpack is expected to hit $4.8 B, ranking first. [Market Cap] - Simple OI comparison: Variational still leads with an estimated market cap of $763 M, down from $917 M last week. - OI (Perpetualpulse): Even though OI fell, Variational stays #1 at $358 M. GRVT is about $271 M, a slight dip. ✅ Market shift Again, the market is weak. PerpDEX has become mainstream and competition has intensified, making it hard to apply old valuations directly. It makes sense to set a range based on relative metrics and market conditions before responding. Nevertheless, estimating market cap from OI still carries some credibility. It was based on Lighter, but even though LIT’s OI dropped more than 30%, its market cap didn’t plunge, which is worth noting. Also, looking at recent performance, I’m actually curious to see what revenue edgeX will deliver.