Weekly Report: GMX — An Innovative Decentralized Spot and Perpetual Exchange

In the crypto bear market, most decentralized spot and perpetual exchanges’ volumes have declined. However, GMX, one of the on-chain exchanges, has seen its TVL grow and almost touch US$400 million. We will analyze GMX by evaluating its strengths, token design, mechanisms, and risks, to find the reasons for its success.

Click here to download the full report from Huobi Research Institute.

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