GMX, a growing cryptocurrency project, has surpassed $2.7 million in fees, a difference of $900,000 recorded on Jan.8th ($1.8M in 24hrs).
GMX price analytics
As per recent analysis, GMX spot and perpetual DEX created on Avalanche and Arbitrum had accumulated more than $2.74 million in fees on January 9th, 2023, and a 7-day average fee of $546 million. This is considered its record high since its introduction in September 2021 and second to ethereum this year. GMX holders will receive 30% of the fees as revenue, approximately $822,000.
Based on coinstats, GMX’s 24hr price is $44.41 with a $13,895,628 trading volume in both centralized and decentralized exchanges having $11,048,665 and $2,846,963, respectively. The spot and perpetual exchange has increased by 1.06% in the past 24hrs and is ranked 79th on Coinmarketcap with a market capitalization of $372.5 million and a circulating supply of 8.4 million (GMX coins). Its fully diluted market cap is $390 million, with a 1.35 increase.
Furthermore, GMX’s website indicates a total volume of $76 billion, with a deviation of +47.7 million. It also states that it has a total fee of $105 million (an increase of 81.2 k). On January 6th, Arbitrum noted on Twitter that the organization (GMX) had surpassed $100 million in total fees. The DEX also has an increase of 123 users from 182,217 unique ones and an open interest of $119 million.
Source: https://crypto.news/gmx-token-generates-over-2-7m-in-fees/