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Market Cap:
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AMB Crypto
2023-04-11 01:30:03

Though GMX’s market dominance declines, what’s behind its price pump

Though GMX’s market dominance declines, what’s behind its price pump

GMX’s fees and revenue declined sharply, but price action remained bullish. Active users also went down, and on-chain performance was concerning. The latest data from Dune revealed that since 10 November, GMX’s volume plummeted from a 90% market dominance to 40%. 1/2 Is the perp market zero sum?♻️ Since Nov 10th, GMX volume has gone

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