• GMX, a growing cryptocurrency project, has surpassed $2.7 million in fees, a difference of $900,000 recorded on Jan.8th ($1.8M in 24hrs).
• GMX holders will receive 30% of the fees as revenue, approximately $822,000.
• On January 6th, Arbitrum noted on Twitter that the organization (GMX) had surpassed $100 million in total fees.
The cryptocurrency project GMX has recently achieved a major milestone, surpassing $2.7 million in fees. This is a difference of $900,000 compared to the $1.8 million recorded on January 8th. GMX holders will benefit from this development, as they will receive 30% of the fees as revenue, amounting to approximately $822,000.
The success of GMX is further evidenced by its 24-hour trading volume of $13,895,628 on both centralized and decentralized exchanges, with $11,048,665 and $2,846,963 respectively. Its price has also increased by 1.06% in the past 24 hours, and it is now ranked 79th on Coinmarketcap with a market capitalization of $372.5 million and a circulating supply of 8.4 million (GMX coins). Its fully diluted market cap is $390 million, with a 1.35 increase.
On January 6th, Arbitrum posted on Twitter that the organization had surpassed $100 million in total fees. This was further confirmed by GMX’s website, which indicated a total volume of $76 billion, with a deviation of +47.7 million. There was also an increase of 123 users from 182,217 unique ones and an open interest of $119 million.
Overall, GMX’s recent success is a testament to its growth and potential, and it is likely that more developments will follow in the coming days and weeks. This is great news for GMX holders, who can look forward to receiving their share of the fees as revenue. For now, it is clear that GMX is a promising project that will continue to benefit the cryptocurrency community.