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The Nexus
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GMX

Coverage of GMX in the Nexus archive.

Earliest in view: May 1 · 11:21 UTCMost recent: May 21 · 14:04 UTC
Co-mentioned in this coverage
Hyperliquidorganization1dYdXorganization1Vertexorganization1DeFi Llamaorganization1Perpetual DEXtopic1Fee Revenuetopic1DEXtopic1HyperLiquidorganization1Solana (SOL)topic1Arbitrum (ARB)topic1spreadtopic1funding feestopic1borrow feestopic1
Recent coverage
  • BUSINESSMay 21 · 14:04 UTCR/DEFI
    Compared fee revenue across the top 8 perp DEXs last month and the gap between Hyperliquid and everyone else is actually insane.

    Analysis of fee revenue across top 8 perpetual DEXs shows Hyperliquid generating nearly 3x the fees of dYdX despite similar TVL, indicating higher per-user trading activity. Vertex shows the highest fee-to-TVL efficiency ratio at 2.35%, while GMX's low 0.50% ratio raises concerns about its revenue sustainability.

  • BUSINESSMay 1 · 11:21 UTCR/CRYPTOMARKETS
    Trading with 400k

    A trader is attempting to trade 400k on decentralized exchanges (DEXs) like GMX and HyperLiquid using SOL and ARB, but faces challenges due to large spreads and high funding/borrow fees that hinder scalp and leverage trading.

GMX · Dossier · The Nexus