Decentralized cryptocurrency exchange (DEX) GMX has overtaken Uniswap (UNI) in terms of daily transaction fee volume.
After the collapse of FTX, the trust in centralized exchanges decreased and turned into a shining star. GMX, Uniswap succeeded to leave behind the leading platforms of the industry such as Delphi digital The data provided by GMX is less than GMX’s transaction fees last Monday. $1.15 million by Uniswap 1.06 million dollar revealed that he surpassed his earnings and placed in the first place.
in September 2021 Ethereum layer-2 (L2) solution ArbitrumGMX, which went on the air in , has not achieved such a success since then. But the latest data shows that this is about 1 year DeFi protocol, dYdX and aave It has managed to surpass even the leading stock exchanges such as Looking at all the data for the last month GMX placed 5th and right after Convex Finance and flashbots came.
Arbitrum, the network supporter of GMX, will be free of transaction fees within 30 days. 985 thousand dollars and Avalanche (AVAX) if 540 thousand dollars earned income. Looking at the 30-day data, Uniswap still maintains its leadership and 54 million dollars appears to be making a profit.
on the other hand CoinGecko Uniswap’s native token on a monthly basis based on data UNI this month 16% while GMX’s native token falls 4% gained value. GMX outperforms UNI according to analysts While GMX holders receive 30% of all transaction fees This is due to the fact that UNI holders do not receive a share of the transaction fees. Also on GMX’s Binance no futures parity facilitates the rise of the token.
GMX has given token holders in the last 30 days. Distributing $4.7 million fourth among all decentralized applications (dApps) biggest payout performed.
On the other hand, the native token of GMX 24 hour in the period 13.7% rise survived and outperformed other cryptocurrencies. GMX, at the time of writing at $46.44 is being traded.