GMX is a cryptocurrency exchange that operates in a decentralized manner, allowing users to trade perpetual cryptocurrency futures with leverage of up to 50 times the initial investment. The platform, initially known as Gambit Exchange, was introduced in September 2021. It has gained significant traction since then, with a trading volume surpassing $130 billion and a user base exceeding 283,000. GMX stands out as the top derivatives decentralized exchange (DEX) on both the Arbitrum and Avalanche blockchains. Synapse, a cross-chain bridge, enables seamless connectivity between these ecosystems and the exchange.
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