#ETH #LINK What is GMX, What Makes the Decentralized Exchange Stunning?

The buying and selling of cryptocurrencies, bonds, stocks, and financial securities have caught the trend in recent years. To make trading less risky and more gainful, decentralized exchanges (DEX) were introduced to the market. One such dependable and stunning decentralized exchange is GMX, offering zero price impact and swap fees trades. However, crypto traders have a wide variety of exchanges, but GMX is one of the recently added and advanced DEX.

What makes GMX exchange stand out from the rest? Let’s uncover the unique features of GMX and its utility in GMX crypto.

GMX History and Origin

GXM, a DEX focused on perpetual and spot trading, was introduced on the Arbitrum One blockchain and went live in September 2021. Arbitrium is an Ethereum layer-2 network. Before shifting to Arbitrum, the exchange was streaming over the BNB Smart Chain named Gambit Financial, merging four tokens including xGMT, GMT, XVIX, and XLGE.

As an update, the platform expanded its supporting blockchain to Avalanche, a high-speed EVM blockchain aiming to create a unified global financial market. The platform allows users to make spot swaps and trade perpetual futures to provide a better trading experience with zero price impact and low swap fees. Also, GMX uses Chainlink Oracles for dynamic pricing to combine processes from varied high-volume exchanges.

GMX exchange native token is GMX, holding a circulating supply of 9,164,919 GMX and a total supply of 9,530,377 GMX