GMX’s total value locked increased by 35% since the FTX debacle. The protocol’s native token registered a jump in price and trading volume in recent days. According to a tweet by an on-chain analyst, one of the largest decentralized derivative exchanges GMX, hit a fresh all-time high (ATH) in its total value locked (TVL), underlining […]
stopped all the staking activity on its exchange after being reprimanded by U.S. Securities and Exchange Commission .
GMX’s staking solution guarantees a 30% share of the generated trading fees to users who lock their GMX tokens. Liquidity providers , on the other hand, take a 70% cut of trading fees. The lucrativeness of this staking policy was evidenced by the growing number of daily active users and the protocol’s trading volume, fetched from Token Terminal.The sustained growth in key metrics resulted in greater action on the token front as well. At the time of writing, GMX logged gains of more than 25% over the last week while its trading volume more than doubled in the same time, per data from Token Terminal.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DeFi protocol GNS booms, will its rally be sustained?Gains Network’s TVL more than doubled since the beginning of 2022. At the time of writing, GNS shot up by almost 40%. Gains Network [GNS] was having a dream run at the crypto market, and now optimists have one more reason to cheer. The protocol’s native token, GNS, was all set to be listed on […]
Read more »
How Polygon’s DeFi space is fueling MATIC’s uptrendPolygon’s DeFi ecosystem registered growth with multiple new integrations and partnerships. MATIC’s response to these developments was positive and metrics were bullish. The crypto community is ecstatic about the long-awaited release of zkEVM. Polygon [MATIC] recently announced that the zkEVM mainnet will go live on 27 March 2023. Only five weeks ahead of Polygon zkEVM’s […]
Read more »
SOL prevails in the DeFi landscape, but testing times remainSolana’s key DeFi indicators showed signs of recovery in an otherwise under par February SOL’s high volatility kept investors on their toes According to an 18 February tweet by Kamino Finance, Solana’s [SOL] decentralized exchange (DEX) activity was better than other chains in 2023 if a particular metric was put into consideration. How much are […]
Read more »
Mild weekend with chance of flurriesDaytime highs around zero under mostly cloudy skies
Read more »
Air Canada reports $168M in profit in Q4 as passenger, operating revenues increaseAir Canada posted a $168\u002Dmillion profit in its most recent quarter as passenger and operating revenues reached record highs.
Read more »
Air Canada reports $168M in profit in Q4 as passenger, operating revenues increaseAir Canada posted a $168\u002Dmillion profit in its most recent quarter as passenger and operating revenues reached record highs.
Read more »