.GMX_IO seems to be benefitting from the shift toward perpetuals-focused decentralized exchanges in the wake of FTX's collapse. By godbole17
On Monday, GMX earned $1.15 million in trading fees, surpassing Uniswap's $1.06 million for the first time on record, according to data tracked by Delphi Digital.
GMX went live on Ethereum layer 2 solution Arbitrum in September 2021 and debuted on Ethereum-competitor Avalanche early this year. The platform offers relatively low transaction fees and zero price impact or the influence of a single trade over the market price.
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