Decentralized exchange GMX has seen a material increase since the FTX implosion establishing itself as a notable market contender.
According to the most recent data, GMX earned more daily revenue than Uniswap, becoming the market leader for the first time ever.that the platform raked in $1.15 million in trading fees, while that of Uniswap stood at $1.06 million., trailing behind already established players such as Ethereum, OpenSea, dYdX, and PancakeSwap.
Over the past 30 days, Arbitrum has earned total trading fees of well over $93.5 million. During the same time frame, Avalanche amassed nearly $25 million. In recent times, volumes on DEXes have been increasing, signifying that more investors are seeking to gain control over the assets in response to their dented confidence in centralized gatekeepers.
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