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According to TokenInsight data, the GMX ($GMX) price went up by 15.13% over the last 24 hours, trading at $83.37 now.
GMX is a decentralized perpetual exchange on Arbitrum and Avalanche that supports low swap fees and zero-price impact trades. GMX launched on Arbitrum on September 1, 2021, and went live on Avalanche on January 5, 2022. GMX currently supports spot swap and perpetual contract trading up to 50x leverage. Supporting orders include market orders, limit orders, and trigger orders (take profit/stop loss orders).
GMX has two native tokens. One of them is $GMX. $GMX is the utility and governance token of GMX. Holders of $GMX can participate in governance voting and stake tokens for rewards. Another token is $GLP. $GLP is GMX's liquidity provider token. Holders of $GLP, known as LP, can receive a certain percentage of the platform's trading fees as a reward for their liquidity provision.
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