Chart of The Day: GMX’s AUM Grows
GMX is a spot and perpetuals exchange on Arbitrum and Avalanche. GLP is a basket of blue-chip assets, consisting of BTC, ETH, AVAX, and stablecoins. GMX utilizes GLP for spot swaps and levered trading, providing the best on-chain execution for both Arbitrum and Avalanche. This is thanks to GMX’s oracle pricing model that prices trades as if users were using a CEX.