Hyperliquid must draw developers or risk unraveling: VanEck
The layer-1 chain needs more than a successful perpetuals exchange to justify the HYPE token’s lofty valuation, according to the asset manager. Go to Source
GMX
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Whale’s Massive GMX Sell-Off Triggers $5.82M Loss And Price Plunge
In early June, a significant investor or institution made waves by acquiring 302,000 GMX tokens for $13.47 million at an average price of $45 through six separate addresses. This substantial purchase drove GMX’s price up by 12%, reflecting the market impact of such a concentrated buy. However, recent movements suggest the same entity has now … Read more
New Synthetix app chain aims for cross-chain liquidity for SNX staking, perps
Competition is mounting among DeFi derivatives protocols after Synthetix launched on Arbitrum in July. Go to Source
Sythetix betting on new ‘multi-collateral’ perps ahead of Arbitrum rollout
Synthetix faces fierce competition on the DeFi-oriented layer-2. Go to Source
$GMX Dominates Derivative Protocols With $517.97M TVL, Launches Incentive Campaign On Avalanche
As of July 1, 2024, data from @IntotheBlock reveals that $GMX is leading the Total Value Locked (TVL) category among derivative protocols with an impressive $517.97 million. Following $GMX, Synthetix holds $453.80 million, and dYdX comes in third with $308.82 million in TVL. Emerging protocols are also showing significant growth. Vertex Protocol boasts a TVL … Read more
Chainlink Data Streams Activate on Avalanche Blockchain With GMX Integration
Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain In communications shared with Bitcoin.com News by the three teams, the announcement notes that Chainlink … Read more
GMX Experiences Brief Decline Amidst Whale And Institutional Accumulation
The decentralized exchange GMX, operating on the Arbitrum and Avalanche blockchains, saw a brief decline of 4% today after a strong performance, having surged 15% over the past week. On-chain data from Lookonchain indicates significant buying activity from whales and institutions. 66 Wallets Withdrew 344,502 GMX Tokens In the past two days, six new wallets … Read more
Arthur Hayes, Renowned Cryptocurrency Investor, Sells Off GMX Holdings
Renowned cryptocurrency investor Arthur Hayes has reportedly divested his holdings in GMX, marking the end of his two-year tenure as the coin’s largest holder. In the past 24 hours, trading volume for $GMX has surged significantly, soaring by over 400%. However, market data suggests that selling pressure outweighs buying sentiment, resulting in an 8% decline … Read more
Decentralized exchange GMX votes to use Chainlink low-latency oracles
A Chainlink exec said the oracles will improve GMX’s security by providing a more “strong degree of tamper-resistance when settling user trades.” Go to Source Powered by WPeMatico
Avalanche Sees Surge in BTC Bridged to Its Network With Over $44 Million in Bitcoin Ported on Thursday
According to statistics, the number of bitcoin bridged to the Avalanche blockchain saw a significant inflow on March 2, as more than 2,000 bitcoin were bridged on that day. Data further shows that as of Friday, March 3, a total of 8,504 bitcoin worth $190.9 million was bridged over to the Avalanche network. Bitcoin Bridged … Read more
