SOL, XRP, DOGE Yields on GMX Jump up to 75% as Arbitrum Incentives Go Live
Such rewards have been made possible as the platform was the biggest recipient of Arbitrum’s arb (ARB) token grant following a community vote in October.
24H Price
The GMX price is $27.09, a change of 1.79% over the past 24 hours as of 4:12 p.m. The recent price action in GMX left the tokens market capitalization at $256.39M. So far this year, GMX has a change of -51.03%. GMX is classified as a Currency under CoinDesks Digital Asset Classification Standard (DACS).
Such rewards have been made possible as the platform was the biggest recipient of Arbitrum’s arb (ARB) token grant following a community vote in October.
GMX is the largest protocol on Arbitrum, with $567 million in total value locked.
Decentralized exchange GMX becomes the largest single holder of ARB after receiving 8 million tokens.
Some members of the GMX community have already voiced their support for the move.
Runes and Ordinals ‘Artist’ Creator, Casey Rodarmor has just invented two of the most dramatically impactful protocols in the blockchain industry's history and embraces cryptocurrency's speculative and gambling nature. Read more...
CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.
Diving in deeper on cryptocurrency.