GMX is a decentralized exchange (DEX) that supports spot and perpetual trading. Launched in September 2021 on Arbitrum, an Ethereum Layer-2 solution, and later on Avalanche, GMX allows users to trade cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Avalanche (AVAX) with up to 50x leverage directly from their wallets. The platform emphasizes low swap fees, zero price impact trades, and uses Chainlink Oracles for accurate pricing. GMX provides a robust trading experience through its multi-asset liquidity pool (GLP), which includes stablecoins, ETH, BTC, and other altcoins. Liquidity providers earn fees from market making, swap fees, and leverage trading, making GMX a comprehensive DeFi solution.
