We are pleased to share the newest repurchase figures from the GMX DAO. When looking at the entire duration of the initiative from March 5 to August 25, the organization has acquired a total of 429,480 $GMX. This comprehensive effort has utilized around $2,700,000 so far, achieving a blended average purchase rate of roughly $6.29 per token. 🔵
For the most recent weekly period spanning August 19 to August 25, 2026, the DAO successfully bought back 13,700 GMX tokens. The expenditure for this specific week reached approximately $100,000, which translates to an average cost of about $7.30 for each token. 🫐
Wave 1 of the TradFi expansion has officially launched on GMX, introducing QQQ/USD and SPY/USD perps to the platform.
You now have the ultimate flexibility to trade the SPDR S&P 500 ETF as well as the Invesco QQQ Trust 24/7. This continuous access allows you to engage with these markets entirely outside of regular US market hours.
These new offerings are securely backed by the GLV: [WETH-USDC] liquidity vault located on @Arbitrum. Additionally, to ensure rapid and accurate valuations, the assets are priced using low-latency @Chainlink Data Streams.