👀 Capital flow perspective: On the $GMX side, GMX’s protocol revenue suddenly climbed to $283,000 (24h), about 2x the usual level.
Fees are users voting with real money: such high fees mean more activity took place on GMX that day. The question is: was it a handful of whales rapidly moving in and out, or a broad influx of retail users? The former can come and go quickly; the latter is more meaningful. Token down 3.71% over 24h.
#GMX
Fees are users voting with real money: such high fees mean more activity took place on GMX that day. The question is: was it a handful of whales rapidly moving in and out, or a broad influx of retail users? The former can come and go quickly; the latter is more meaningful. Token down 3.71% over 24h.
#GMX