GMX

coinfeeds-bot

tldr; Crypto hacks surged in July 2025, with over $140 million stolen across 17 incidents, marking a 27% increase from June, according to PeckShield. Major victims included CoinDCX ($44.2M) and GMX ($42M), with the latter recovering $40.5M. Attackers are laundering funds faster, often within minutes, complicating recovery efforts. Many breaches stemmed from smart contract flaws and internal security lapses. Despite advanced tracking tools, only 4.6% of stolen assets were recovered in H1 2025, highlighting the need for faster detection and improved security measures. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Somebody__Online

Trade from your wallet on chain. Gains network on base is pretty great for leverage. I also use GMX

Zarigis

I think there are a lot of good options for "serious" trading on-chain. You can use platforms like HyperLiquid or GMX to do leveraged perpetual trading. GMX in particular has a feature where you set up a browser-native wallet to reduce the number of transactions you need to sign. You can also use platforms like cowswap or 1inch to do "gasless" swaps, which avoid common DEX issues like getting sandwiched. Overall for me the risks of CEXs far outweigh the benefits, but I recognize I'm probably in the minority.

uwu2420

It also encourages future hackers though. “Hey if I hack an exchange, I have the choice to keep 10-20% of what I get, and then it will be totally legal!” It may be in GMX’s interests to offer a bounty because it’s either 90% of their money back or 0%. But the government has other priorities; they want to discourage this altogether.

goldcakes

If he pays taxes it’ll be so far down the priority list. GMX and operators wants hackers who return a majority of funds in exchange for a mutually agreed bounty to not face charges. LEOs also want that.

uwu2420

This seems a bit different than a DV case though, in that while DV cases heavily rely on victim testimony, in a case like this the prosecutor doesn’t really need GMX’s testimony. All they have to do is prove that the hacker was behind the hack, and there are many ways to do that.

wienercat

I feel like they would only take this deal if they entered into some kind of legally binding agreement with GMX that they will not assist the government in a case against this person. OR that they would even testify for them/support them legally in some way. Why would you do this otherwise... with $42M you can disappear into somewhere you will never be extradited from. That is "Fuck you I am becoming a hermit" money. Even if you lost 50% laundering it, you would still have a lot of fuck you money.

HotInsurance1829

tested the security of GMX for 5 million😁

Dontneedflashbro

That's a win win for both parties. GMX can fix their security issues, and the hacker received a massive payday for his hard work.

uwu2420

The hard part is that just because GMX themselves decide to stop pursuing this case, it doesn’t mean the government will stop pursuing it. It is entirely possible that this person is still charged.

coinfeeds-bot

tldr; A hacker who stole $42 million from GMX, a decentralized crypto exchange, has returned the funds in exchange for a $5 million bounty. GMX confirmed the funds are now secured in its Security Multisig, and contributors are working on a distribution plan for the GMX DAO. The exploit was identified as a re-entrancy attack targeting GMXV1, while GMXV2 and other assets remained unaffected. News of the returned funds boosted GMX's token value by 18.4%, trading at $13.36. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

raulbloodwurth

The exploit happened on GMX V1. People should just stop using it and move to GMX V2 which has been out for >14 months.

coinfeeds-bot

tldr; A hacker exploited a flaw in GMX's codebase, stealing over $40 million in cryptocurrency. After GMX offered a 10% white-hat bounty and legal immunity, the hacker returned $40.5 million, including 10,000 Ethereum, to GMX's security committee. However, they kept $5 million and sent 1,700 Ethereum to Tornado Cash, a coin mixer flagged by U.S. authorities. The attack involved a re-entrancy exploit on GMX's GLP pool, inflating token prices and withdrawing funds. This highlights ongoing vulnerabilities in decentralized finance systems. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; A hacker who exploited GMX's smart contracts to steal $42 million in cryptocurrencies has returned $40.5 million after accepting a $5 million bounty offered by GMX. The attack, a re-entrancy exploit, targeted GMX V1's design flaw, inflating GLP token prices and stealing assets like ETH and FRAX. GMX confirmed its V2 protocol was unaffected and lifted minting caps on liquidity tokens. GMX's token has recovered, rising over 13% following the incident resolution. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Zhaopow

This just helps with the missing funds but GMX has a long way to go to regain trust

coinfeeds-bot

tldr; The GMX exploiter, who stole $42 million using a re-entrancy attack, has returned most of the stolen funds after the GMX team offered a 10% white hat bounty. The exploiter returned over $40.5 million in assets, including stablecoins and Ether, but still holds 1,700 Ether worth $5.1 million. GMX identified the vulnerability in its code and urged other protocols using its code to address the issue. This case follows a trend of some exploiters returning funds, though such outcomes remain rare in DeFi hacks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

7366241494

HL and GMX work similarly but GMX actually uses the blockchain for recording orders. HL is entirely centralized.

LittleSugar05

Every time a major protocol gets hit, it sets back trust a little. GMX had a good reputation, so this is particularly disappointing. It's not just about the lost funds, it's the hit to confidence for new users considering DeFi. We need more than just audits; we need better exploit prevention, faster response mechanisms, and clearer paths to user compensation. This is a critical area for DeFi to mature.

GeniusGiselle990

insanity.. I hope it wont affect the protocol since its V1 that was exploited. GMX could be the HL of today

coinfeeds-bot

tldr; GMX, a decentralized finance platform, was hacked in a cross-chain exploit resulting in a loss of $42 million. The hacker reportedly laundered the stolen funds through CrowSwap. This incident highlights vulnerabilities in cross-chain operations within the crypto ecosystem. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

kshucker

wtf is GMX?

coinfeeds-bot

tldr; GMX, a decentralized crypto exchange, suffered a $40 million exploit targeting its V1 platform on Arbitrum and Avalanche. The attack drained funds including Bitcoin, Ethereum, and stablecoins from its GLP liquidity pool, exploiting a re-entrancy vulnerability in GLP token minting. GMX disabled V1 trading and GLP minting, and offered a $4 million bounty to the attacker for returning the funds. The incident highlights security risks in decentralized finance platforms. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

JustStopppingBye

So thats why so many GMX employees went on vacation!

coinfeeds-bot

tldr; Hackers exploited the decentralized perpetuals exchange GMX, stealing approximately $42 million. Blockchain security firm PeckShield reported that $9.6 million of the stolen funds were bridged to Ethereum from Arbitrum. GMX confirmed the attack, stating that its Arbitrum-based liquidity pool was drained of $40 million, which was sent to an unknown wallet. GMX V1 trading and GLP minting/redeeming were disabled to prevent further losses. GMX V2 and its token remain unaffected. The GMX token's price dropped over 22% following the incident. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Logical_Lemming

GMX V1 has been exploited and the funds backing GLP have been drained. GLP is down 95% today and GMX is -23%. GMX V2 unaffected. Really sorry for anyone who lost money.

jenya_

> What actual advantage am I getting 1) DeFi currency exchange: Uniswap pools allow to swap BTC to USDC, for this you need to have both currencies in the pool. 2) DeFi day trading: if you want to open a short or long in the BTC/USDC pair, the exchange (e.g GMX) automatically borrows USDC (or sells BTC to USDC).

Somebody__Online

So what’s your strategy? I farm the funding fees on GMX to earn my yields. It’s fantastically lucrative and low risk

LuringSquatch

GMX baby

Ikki_The_Phoenix

Negative, tokenconomics still matter especially deflationary mechanics or sustainable yield create a “bid floor” under price. Even if retail steps out, a shrinking supply or ongoing fee distribution helps cushion the fall. You didn't go over the GMX's tokenconomics. That's why you're holding GMX at a loss or probably sold it at a loss..

Ikki_The_Phoenix

GMX mints new GLP tokens to pay LP yields every swap inflates supply before fees even kick in. HYPE on the other hans slashes supply with every trade fee burns and redistributes revenue to stakers. That’s a double-edge deflationary sword GMX can’t match. Both HYPE and GMX aren't pretty much different. Dude. You didn't even check HYPE tokenconomics or how it works what makes me believe you never held HYPE to begin with.. get outta here...

OkCantaloupe4959

I'm obviously talking about when GMX pumped against the market using the same narrative. Hype will be down 50% within a year.

Ikki_The_Phoenix

GMX has been down like 50% 1 year. And down for the last 90 days compared to HYPE. You fucking can't math or analyse the chart and it shows..

Heavy-Tumbleweed-317

Lol. Exactly the same as GMX how? Because it has a perp dex? I'd advise you to do the slightest bit of research about why its worth +$10b right now.

OkCantaloupe4959

The new shiny thing. Sold to normies on the basis of "look! It has revenue". Exactly the same as GMX. That turned out well.

Somebody__Online

It means that open futures positions, often called “perps” in this space for their perpetual expiration structure, got liquidated (margins called to settle). Meaning the collateral used to create the position was no longer sufficient to keep it open and so the entire collateral was consumed by the trade. These positions can be taken on exchanges or directly on the blockchain from your wallet on protocols like GMX, DYDX, or Gains network. Users put up some sort of collateral, like USDC and then open a positing on a crypto asset with a leverage multiplier. For example you can take a wallet with 100 USDC and use it to open a 50x “long” positing on ETH while ETH is at $2,500. Your position will hold the 100 USDC and be worth $5,000 of ETH at a price of $2,500 per unit, so 2 ETH If the market price of ETH falls only $50 down to $2,450, the 2 ETH position would be worth $4,900. At this point the $100 USDC collateral is no longer able to cover any more loss in price and the position is closed worthless with the $100 collateral being “liquidated”

Somebody__Online

What the fuck coins are you all trading? I thought like UNI, CRV, BAL, SOL, GMX as alt coins If your trading meme BS from Pump.fun then yes stop and swap it to btc.

Somebody__Online

I have been short on GMX for like 2 weeks straight and the funding fee average has been 36% over that time

Somebody__Online

It’s really easy to do. To jump into the position I gave in the example you can just: - go to GMX.io and sign in to your wallet. (I’m using arbitrum L2) - on the “trade” tab choose the ETH/USD market - on the right side of the interface set the initial capital from your wallet. If you have WETH already use that otherwise USDC or any toke that’s accepted. - set the market to WETH/WETH. By default it’s on WETH /USDC - set your leverage to 1x - make sure the collateral asset is set to WETH - open the short sell That’s it, now you’ll see your short is open but its “net value” will not change from whatever it was when you opened it. When you mouse over your “collateral” it will show your funding fee rates. Those become available on the claim tab once they are settled.

Somebody__Online

No I mean I put up the opposite side position on the futures markets while holding collateral in kind. For example you can go to GMX or dydx and look at what the markets are paying and charging for open interest. On GMX right now for example the ETH/USD market that is collateralized by WETH/WETH has a net rate of +0.0064%/hour. That means you are being payed 55.88% for open short positions. So I open a short sell on ETH with $100,000 and set the leverage to 1x and the collateral is WETH. The resulting position will always be worth $100,000 because as the market pumps, the short drops at the same rate as the collateral pumps. When the market dumps the short pumps at the same rate that the collateral dumps. This is called “neutral delta” meaning the position is not exposed to the price volatility, but rather the Delta of that price remains neutral. Effectively a cash back position. I can hold the position open indefinitely because there is no risk of liquidation and as long as the position stays open, I’m earning 55% on my $100,000

Somebody__Online

If I were you I would use the money to farm funding fees payed in ETH and WBTC from their respective futures markets on GMX. That way you’ll slowly build a position in ETH and BTC but keep your $4000 principal protected from market moves. But I also know what I’m doing and how to do it. It’s easier said than done.

Somebody__Online

I use GMX for millions in monthly on chain volume and DYDX is about as far into private chains as I’ll venture. I agree Hyperliquid is not decentralized enough for my taste either. Just threw it in since it’s one people know and it has a public ledger at least.

Somebody__Online

I don’t know about you but I make my full time living participating in DeFi protocols. Uniswap does billions in volume each week!! There are futures markets like GMX, DYDX and Hyperliquid that offer tens of millions in liquidity for leverage futures trading. They are doing hundreds of millions in volume a day! I don’t fuck around much with new protocols and fringe chains when the established players offer me around 25% Apr on usd exposure just by participating in the markets and farming funding fees or adding to liquidity pools.

pickleBoy2021

Strange on phantom fees thing. It’s been cheap for me. I hate their fees. I pay for the Coinbase service. I will pause it sometimes. I turned it on so I can use the reoccurring for BTC, ETH SOL and USDC. Sol goes to Phantom. If I want to put on a trade, I use USDC on Coinbase Advance. Fees are lower and I get a rebate. If I want to trade perps on arb this where Coinbase fucks you. I can’t send USDC to Base. Not compatible. I send the ETH because it’s free. Use it on Arb and Base. I don’t use Base except for CB bridge. I like the perps on GMX and Arb. Pretty cheap except when the markets are blowing up. Aave I use as a DeFi option and they also have cheap swaps. Coinbase is my bank connection. Kraken I tried to sign up years ago and they messed up my KYC and I never went back. Gemini they got rid of all their coins and they have low volume and high fees. Unless you do advanced. Robinhood. I truly hate their crypto fees. They fuck you harder than Coinbase. So it’s slim pickens.

riscten

Perpetuals on a DEX such as GMX. But really you should be asking on r/bitcointrading

Alma_Mandre

DyDx or GMX with VPN.

Successful_Pea7520

It was just me and hal never had a GMX email

Somebody__Online

Fuck everyone who says that’s not enough money to pursue investment strategies. I can show you how to set up your funds for some solid strategies that will yield 20-40% annualized and you’ll learn what to do and how to scale a strategy when your ready to add more capital. The best part of crypto is no one can limit your access to the network, so you can do what I do with six figures with your $50. The returns are a function of % so you’ll not make hundreds a day but you’ll make proportionally the same return. With $50 I would start a delta neutral funding fee farm position on GMXs ETH market. You can do that by first buying some ETH with your $50 on an exchange. Then withdraw the ETH to your own wallet (preferably withdraw it to Arbitrum L2 so your gas fees are tiny.) If you have to withdraw to main net (like Gemini exchange) then I would use uniswap to swap ETH from main net into ETH on arbitrum. This will cost maybe 80 cents in gas fees. Now that your ETH is on arbitrum and in your own wallet, visit GMX.io and log in with your wallet. On the trade tab use the ETH to open a short sell on ETH with 1x leverage. Make sure to toggle “pool” to ETH/ETH and that your collateral is set to ETH. once the position is open, you just need to monitor the funding fees. Currently 57.66% apr. Basically the usd value of your short with stay $50 no matter what the price of ETH does (if it dumps, your collateral dumps while the position pumps and if it pumps your poison dumps as your collateral pumps keeping your price exposure “delta neutral”) The funding fees will collect ETH over time and at the current rate you’ll be earning about $0.08 per day payed in ETH. This strategy scales up so at $500 you would pull $0.80 per day and at $5,000 it’s $8 per day. (At $50k it’s $80 per day and starts to make it clear why this is a solid strategy. Over 50% apr on cash exposure!!!)

CunningStunt_1

Bullshit. You want actual users not a 'community'. Crypto projects that advertise as having a 'great community' have zero utility, and therefore no users. Look at projects like GMX, or UNISWAP. Zero community, millions of users.

Forina_2-0

That’s what holds it back compared to something like GMX or even newer revenue-sharing tokens. If the protocol ever starts sharing fees with token holders or revamps governance, it could totally shift the value prop. But until then, the price is mostly speculation on future utility, not current earnings

Somebody__Online

I’m short on GMX at 95,070

waldito

He used a [gmx.de](http://gmx.de) email account. If only I knew someone who knew someone who could tap into that GMX logs database and filter IPs for specific dates and that gmx account... that would probably lead me to a remote VPN service outside US, where surely I would be able to ask for the payment details of a certain account? naahh.. he long gone.

Additional-Ad3482

Totally get the frustration. Centralized exchanges can feel like black boxes sometimes. Switching to a decentralized exchange (DEX) like Uniswap or GMX and... etc does let you keep custody via wallets like MetaMask, and the experience is getting smoother every day. You might miss some CEX convenience, but the peace of mind and control often make it worth it.

itsaBazinga

I didn’t know Satoshi used GMX

CunningStunt_1

GMX

arnak101

GMX. Still believe in those guys, printing fees.

CunningStunt_1

GMX

Somebody__Online

You can look on decentralized perpetual markets like GMX and see what market is currently paying the best funding rates. I am farming ETH, UNI, and APE at the moment for a 70% Apr average. The move is to set the collateral asset to the risk asset and then short sell at 1x So like for uniswap I set the collateral asset to UNI and then open short for 1x. For the APE it’s the same but with APE as collateral and short APE. Then you just need to check in on the markets to make sure the funding rates are stating positive. You can close back into stable coin when the funding fees stop being positive.

Somebody__Online

You can trade with that sort of leverage on GMX from your wallet and there’s hundreds of millions in liquidity. You pay funding fees to keep those positions open and there are pools that act as counterpart to those big positions. You can take a multi million dollar long or short on several dex platforms.

CunningStunt_1

LINK is used for every service chainlink offers as either an incentive token or a gas token. To use VRF, CCIP, Proof of reserves. The token is used a 'gas' token. You pay LINK, to use the service. https://vrf.chain.link/ https://ccip.chain.link/ https://proof-of-reserve.chain.link/ Services such as price feeds are funded directly via the blockchain they operate. Usually via the scale, where the host blockchain covers the operating/start up costs. https://www.hbarfoundation.org/blog-post/hbar-foundation-joins-chainlink-scale-with-chainlink-data-feeds-and-chainlink-ccip-being-integrated-on-hedera Data streams work on a profit sharing system. Where the individual protocol shares a percentage of profit with chainlink. https://cointelegraph.com/news/decentralized-exchange-gmx-votes-to-use-chainlink-low-latency-oracles For the usecases above that do not directly involve the chainlink token, payment abstraction will be used. So GMX will pay in whhatever token, it is then traded on a DEX for chainlink + an additional 10% fee. https://github.com/smartcontractkit/payment-abstraction This is expected to live in the next month or two. Further increasing buy pressure. Chainlink is chain agnostic. It can be considered native on multiple chains by use of CCIP. Infact, you could make a cross-chain token in minutes using Chainlink as a chain abstraction layer, making whatever L1 or L2 irrelevant. https://tokenmanager.chain.link/

Tlux0

What you’re saying about hyperliquid just isn’t true when it comes to tracking volume. Hyper liquid revenue and volumes are absolutely insane for a defi product and it’s so young. It’s making way more money than GMX ever did lol

Somebody__Online

You understand that you can supply liquidly to defi money markets to be on the lender side of this activity right. You can access massive leverage on chain from your protocols like GMX, Gains, Derive, DYDX, and many others. It’s not some sort of gate kept activity that only institutional players have access to. You can make a killing farming funding fees, supplying counterpart collateral to leverage products, and generally acting as a market maker yourself. The market is volatile because there is no guardrails or circuit breakers and anyone can participate in any capacity. That means teenagers can launch new assets and scammers can fund liquidity pools for wash volume without special permissions. The volatility is a function of a free market, especially one who’s assets are mostly speculative

raulbloodwurth

For degen derivatives trading use GMX.

shittybtcmemes

you can lie to kraken... You can use a dex Like GMX or Jupiter.

venividivitis

Thank you very much! Already checked out Hyperliquid but I wasn't able to find very new projects of only a few hours old. I'll check out GMX and Gains. Thanks also for the word of caution, I avoid too low market caps anyway because it doesn't work with my strategy.

Successful-Bird8775

If you’re looking for early memecoin perps, MEXC is decent, but there are a few others that move fast. Some CEXes like Bybit and Bitget are quick to list, but they still run on CLOB systems, meaning liquidity and price action can be heavily manipulated. On the DEX side, platforms like GMX, Gains Network, or Hyperliquid offer decentralized perps, though memecoin listings vary. Just keep in mind that the earlier you jump in, the more you’re at the mercy of low liquidity and potential rug pulls, especially on CEXes where market makers play games with order books.

CunningStunt_1

Crypto as a "currency" has always been a meme. The true value in crypto is smart contracts. The ability to grant anyone with an internet connection access to tailored financial products in a decentralized, trustless manner is priceless. Where else can i trade perps where i know i wont be front run by my broker? GMX. Where can i get a loan against existing assets that wont have predatory rates or become victim to insider trading? AAVE. Memes get all the attention, as they are easy to understand. The true value are the protocols currently managing more wealth then all the memes combined.

Suspicious_Nature329

GMX on Arbitrum

CunningStunt_1

Chainlink has never had bad tokenomics. Retail just doesn't understand it. Much like people do not understand how the electricity gets to your computer. Chainlink is used for every service it offers as either an incentive token or a gas token. To use VRF, CCIP, Proof of reserves. The token is used a 'gas' token. You pay LINK, to use the service. https://vrf.chain.link/ https://ccip.chain.link/ https://proof-of-reserve.chain.link/ Services such as price feeds are funded directly via the blockchain they operate. Usually via the scale, where the host blockchain covers the operating/start up costs. https://www.hbarfoundation.org/blog-post/hbar-foundation-joins-chainlink-scale-with-chainlink-data-feeds-and-chainlink-ccip-being-integrated-on-hedera Data streams work on a profit sharing system. Where the individual protocol shares a percentage of profit with chainlink. https://cointelegraph.com/news/decentralized-exchange-gmx-votes-to-use-chainlink-low-latency-oracles For the usecases above that do not directly involve the chainlink token, payment abstraction will be used. So GMX will pay in whhatever token, it is then traded on a DEX for chainlink + an additional 10% fee. https://github.com/smartcontractkit/payment-abstraction This is expected to live in the next month or two. Further increasing buy pressure. Chainlink is chain agnostic. It can be considered native on multiple chains by use of CCIP. Infact, you could make a cross-chain token in minutes using Chainlink as a chain abstraction layer, making whatever L1 or L2 irrelevant. https://tokenmanager.chain.link/

CunningStunt_1

And with products like data streams protocols enter into revenue sharing schemes with chainlink. https://www.prnewswire.com/news-releases/gmx-votes-to-integrate-chainlinks-new-low-latency-oracles-as-launch-partner-in-major-leap-forward-for-defi-innovation-and-economic-sustainability-301805879.html Likely works out more profitable. This will flow back to token holders when payment abstraction goes live. So profits shared in the GMX token will be converted to LINK by use of uniswap (on Eth anyway). https://x.com/code4rena/status/1865124095358013665 So anyway, your fud is outdated.

CunningStunt_1

Yea no shit. But how is that different to now? How is a CBDC any different to the existing system? Other than being more efficient! I however now have access to services like AAVE or GMX where I can make my money work for me. Prior to this access to perp trading was impossible.

muskelongated

Trump and dump*. Also, tbf, he had the right idea @ $20. Just FOMO chased a peak after fumbling the technicals of buying crypto lmao. I entered at $11.03 shortly after the tweet and confidence that his social media hadn't been hacked. Sold above $60 and prior to SOL congestion. No regrets. Even went back in for round 2 with leverage (short side) once GMX listed TRUMP and Melania. More profit. -0.5 regrets.

Hungry_Toe_9555

Current Avalanche projects : The Arena , Fat Tom , Trader Joe , Securitize , GMX

sabio17

He was American, with German ancestry. GMX had decent privacy laws, this was before VPN's existed and to conceal your location you would use Tor and change your computers timezone/location and turn off your PC to conceal location further.

mrhaftbar

I was asking myself the same question for a long time. GMX was a popular E-Mail service in Europe back then and just expanded outside of the EU. The .com address was reserved for paying customers in Germany/EU OR free for users in the US. This means either Satoshi either paid for it, or registered the address from the US. IMHO, the privacy argument makes no sense to me. GMX could be forced by German authorities to supply a legal intercept interface if a judge signed the necessary papers. The only difference would be the right for data deletion, and the legal obligation for GMX to reveal a stored user data on the request of a user. My assumption is that Satoshi registered the email from the US. I assume that Satoshi would not add payment details for obvious reasons.

waldito

It is. Germany is big in privacy laws. GMX offers free email you can VPN into without GMX nagging about weird random locations. NSA would have been subpoenaing Google with any random argument to get those IPs in their logs. GMX... Good luck with that. Regarding Satoshi being british, I read somewhere his writings were carefully examined and concluded he was using word autocorrect to spell check from american to British english as there were a few emails where (he) forgot.

Remarkable_Can_4561

Why did SN use a GMX email? I know its a german company but a lot of people conclude he/she/they are native english/British speaker; so why GMX?

wuzidru

NFA – My portfolio is diversified according to a specific percentage structure, which I will not disclose. However, here’s what I’ve been accumulating over the past 12–24 months and intend to carry into 2025: L2s: $ARB, $STRK, $ZK and $OP New L1s: $SUI and $APT DeFi: $DYDX & $GMX PS: + some allocations into $ZRO and Wormhole $W

noviwu97

True, things move fast. GMX's GLP was a goated farm back in the besr market. The biggest difference with HL is the cult around it. It will take a major fuck up from the team to destroy this kind of cult, which is possible.

LieutenantZucc

my portfolio composition at the moment: 36% ETH, 35% Hyperliquid (HYPE), 10% CHEX, 7% USDC, 6.3% Parcl (PRCL), 3.5% SOL, 1.6% Eigenlayer (EIGEN), 1.1% GMX any thoughts on the portfolio and what should i be doing from here?

conceiv3d-in-lib3rty

Time for you to dip your toes into defi and get off those sketchy Chinese exchanges where the house plays against you. Hyperliquid does 50x Gains Network (gTrade) does 150x on crypto, 250x on commodities and up to 1000x (LMAO) on forex. Uses Chainlink Oracles to quote prices. GMX does 100x Mux Protocal does 150x Synthetix does 50x dYdX v4 just launched on its own blockchain implemented by Cosmos. Once you start trading futures on defi you’ll never go back to CEX trading.

DoinIt989

GMX is open, but it's still somewhat limited. You need a VPN if you are phyaically in the US and want to trade tons of coins on leverage. Then just use Hyperliquid. Windscribe VPN browser extension is a great free option.

OhWiseWizard

This is highly misleading and it would be beneficial for you to edit or delete. As someone who has worked in crypto for the past 4 years I can tell you it's VERY hard to aggregate data the way defillama attempts to and a lot of what they're doing is erroneous/best guess. For a service like Chainlink it simply doesn't work, as Chainlink has multiple revenue streams many of which are not directly on chain but still ultimately go to build for and reward token holders. It is estimated currently they're doing somewhere around $300M+ revenue/year across all revenue streams, putting total revenue more in line with something like Ethereum. These include data feeds, automations, all the SCALE deals where exchanges pay them $20-30M+ annually for services, deals like with GMX where they earn 2-3%+ on total revenue for services, etc. The vast majority of this not represented by defillama. LINK is probably for revenue:token price the best "deal" in the entire market, as generally I would agree with you the market doesn't currently care about fundamentals. If it did, LINK would be a top 3 token right now if not #1.

bullett007

Longs were pre-set at 92k on GMX.

LieutenantZucc

my portfolio currently: ETH 48%, HYPE 23%, CHEX 11%, PRCL 8%, SOL 5%, rest is EIGEN and GMX

WeeniePops

I pretty much only follow traders, but I guess they have other things to shill. It's a shame because I love trading on perp dexes. I've doing a lot on Drift, Jup, and GMX. I don't know how Hype slipped through my hands. Oh well. I know Drift and Jup are going to do more airdrops down then line, so I should be able to cash on on them. I was one of the few that got the Drift drop and have spent a lot of money on there, so they better hook me up lol.

4starz3starzstorm

Do you know why when I connect my coinbase wallet to GMX it still shows my balanced of USDC as 0? My coinbase wallet has USDC in it

99Beers

Leave the exchanges in the dust, their hands are tied as is or at least until the first King of America takes the throne. https://defillama.com/derivatives Here are the top crypto platforms for trading perps. I use hyper liquid everyday from the US, but you'll need a VPN to access it. There are some perps platforms like GMX which I don't think require a VPN. I've used Merkle Trade on Aptos which is okay.

Spacetraveler710

You can use GMX via Arbitrum or ETH, Solana also has an option via Jupiter, & leviathan I think is the protocol name on osmosis/injective/"ATOM". There is also APEX which I rlly liked. That's multichain too.  I do recall some of these do require a VPN, but you can use windscribe free version & get 2gb a month or 10gb if you add an email. & if you rlly wanna go extra you can also clear you cache & sign up a 2nd account as a backup.  These all are decentralized tho so it's just a matter of connecting your wallet to said dapp. If on mobile, APEX needs a VPN to link your account on desktop then you are fair game & can even enable ability to "sign" transactions/trades without hardware or hot wallet on desktop. APEX has you scan a QR code on your PC.  I rlly should link my account for a sign up bonus, but idc that much & I'm doing just fine these days with crypto. I also haven't traded leverage in a bit. I prefer decentralized options tho. It's what this space is supposed to be about. Defi!

pink_tshirt

There is plenty - [https://www.coingecko.com/en/categories/decentralized-perpetuals](https://www.coingecko.com/en/categories/decentralized-perpetuals) I am currently using GMX - [https://app.gmx.io/#/trade/](https://app.gmx.io/#/trade/)

Top_Toe8606

Can you use it to buy and sell. I want to try and make a trading but but i'm looking for a platform where i can use API to trade. Thinking of GMX right now but that will have alot of gas fees

LieutenantZucc

60% ETH, 12% PRCL, 9.2% SOL, 9.1% CHEX, 2.7% FOREST (absolute ai shitcoin), 2.0% EIGEN, rest is GMX, ATOM, TIA my portfolio atm

MaeronTargaryen

What about GMX?

Kumomax1911

If crypto does a sizeable jump in activity and they are actually able to keep pushing into Solana I would say over a billion with their current setup. If they win on securing Swift transactions and RWA I would say multiple billions. Not bad considering I think they only employ about 35 people? However, they need to start being more transparent and clearly state how off chain revenue will be shared. If at all. I wouldn't expect that under this administration. They made a huge oof by pushing harder into the L2 ecosystem instead of Solana. Needs to be fixed, but they are trying as we see with their GMX partnership. Either way, as crypto activity increases my bear case for the token is over $20. I'm speculating it's already undervalued even with Solana fumbles as long as we get some regulatory charity. Should be able to easily double that market cap if they reach all their goals. The crazy bull case is if we add the fact crypto degens may pile in to create ridiculously high valuations... that number is who knows. This is just my personal speculation on possible future outcomes with continued crypto growth. Should not be seen as financial advice. Everything is highly speculative and they have no obligations to be more transparent or share all avenues of revenue. As of now the only shared revenue is what is shown on Dune. This is why we need clear rules and protections for tokens that have security like properties.I do believe that will eventually come.

yldf

But a native speaker would rarely do that. And why would a French use GMX, a German mail provider?

CorneliusFudgem

And GMX token looks so good too, portfolio full of gains right there

JustStopppingBye

I’m bullish for every chain connected to CCIP. Chainlink integrated data feeds into solana last night though for GMX, first solana integration. If vitalik is still worried about layer 2 interop, then he’s a lost cause.

AbstractIdeas5

"One area in which CEXs have consistently held the upper hand over DeFi is when it comes to futures trading. This is primarily because trading leveraged futures markets demand low latency and support for advanced order types. It’s the sort of activity that CEXs are ideally suited to host..." This is already a non-issue. gTrade for example utilizes lookbacks to capture the order down to the fraction and does not let latency affect the trade. It remembers your trade and ensures the values you entered are exited your trade are honored regardless of the on chain latency. "CEXs still account for the bulk of all futures volumes, but DeFi options and perps are now much closer in terms of user experience. This is thanks partially to protocols migrating to L2s where fees are lower and throughput is higher, and also due to better design that has made perps platforms such as [GMX](https://gmx.io/) on Arbitrum a viable alternative to CEX trading. The number of markets that perps protocols such as [dYdX](https://dydx.exchange/) can support has also increased significantly, allowing access to hundreds of digital assets. Improved onchain liquidation engines, meanwhile, ensure that positions which become under-collateralized don’t threaten the health of the entire protocol." GMX is not on a layer 2, and DYDX may as well ask for your anal swab to trade. Let's be real. Decentralized still means something to allot of us, and we can't sacrifice half in half out products when on-chain trading exists. Gains has 225+ assets and deep liquidity. If you haven't seen gTrade or given it a try, go check it out. It will certainly surprise people who havent tried on chain perps in more than year. The space is advancing everywhere.

FallingSands

I mean I bought bitcoin and ETH before the 2017 bull run. Since then I’ve just been using DeFi to earn yield which has gone well. I have only been successful “trading” a few times and I only do it with pocket change, probably break even if I’m honest. Best move is hold conviction assets over many years and earn as much yield as you can. This year ive earned 20% ETH and BTC on pendle and GMX. So yeah. Money is there if you are patient and not buying meme coins.

arnak101

GMX also prime example of this, imo.

zerocodez

Hyperliquid, GMX, gTrade