GMX (GMX) Reaches One Day Volume of $9.20 Million

GMX (GMX) traded up 0.2% against the U.S. dollar during the 1 day period ending at 17:00 PM ET on June 15th. One GMX token can currently be bought for about $32.71 or 0.00049524 BTC on major cryptocurrency exchanges. GMX has a total market cap of $311.89 million and approximately $9.20 million worth of GMX was traded on exchanges in the last day. In the last seven days, GMX has traded 19.1% lower against the U.S. dollar.

Here is how other cryptocurrencies have performed in the last day:

• KILT Protocol (KILT) traded up 2.7% against the dollar and now trades at $0.23 or 0.00000343 BTC.
• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded 2.2% lower against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 0.4% lower against the dollar and now trades at $0.0103 or 0.00000016 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

GMX Profile

GMX was first traded on September 1st, 2021. GMX’s total supply is 9,533,782 tokens. GMX’s official website is gmx.io. GMX’s official Twitter account is @gmx_io and its Facebook page is accessible here. The official message board for GMX is gmxio.substack.com.

According to CryptoCompare, “GMX is a decentralized spot and perpetual exchange that enables low swap fees and zero price impact trades. It operates with a multi-asset pool that generates liquidity provider fees from market making, swap fees, and leverage trading. The platform leverages Chainlink Oracles and aggregates prices from leading volume exchanges to support dynamic pricing.
While GMX hasn’t provided clear information about its founders, the platform utilizes the GMX token within its ecosystem. The GMX token offers various functionalities, including rewards, staking, vesting, and multiplier points. Users can earn rewards, stake tokens for benefits, convert Escrowed GMX to GMX through vesting, and use Multiplier Points to enhance ETH/AVAX APRs. The token plays a vital role in facilitating activities and providing incentives within the GMX ecosystem.”

GMX Token Trading

It is usually not currently possible to buy alternative cryptocurrencies such as GMX directly using US dollars. Investors seeking to trade GMX should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy GMX using one of the exchanges listed above.

GMX/USD price chart by TradingView