A word of caution about Hyperliquid. Bookmark this.
I see some parallels to GMX.
Best DEX on the market, token doing great, everyone FOMOing. That’s because it’s still in the honeymoon period.
Check the vesting schedule. After 2025, it’s an uphill battle with 250 mil new tokens.
I get the hype about HYPE and its growing ecosystem. What Hyperliquid has built is impressive.
However, if their ecosystem growth cannot absorb the inflation of its token and competitors start eroding its advantages, within a year or two, it may follow GMX’s price action.
GMX pumped hard after launch, corrected 80%, then made a new ATH. After that, it was a non-stop bear market with new lows every year.
HYPE pumped hard after launch, corrected by 73% and may do a new ATH before those 250 mil vested tokens hit the orderbooks. Best to take hard profits at that point, and in any event, before 2026 hits.
DEX tokens generally have a short to medium life span before they underperform. Examples include UNI, GMX, SUSHI, 1Inch, and so on.
Hyperliquid did well to pivot beyond their DEX as that would have been insufficient to sustain 1 bil HYPE tokens.
Them locking up as many HYPE token as possible within their growing ecosystem will help, but their vesting schedule coincides with a possible bear market in the future.
Hyperliquid did many things well, but its competitive advantage will be eroded in 1-2 years as new innovators and competitors emerge.
Exchanges and trading is the most competitive market in crypto. Hope HYPE will continue to do well, but the landscape in 1-2 years will be tough, especially for a market leader in dex trading.
Plus, Hyperliquid was attacked by CEXes recently due to its growing influence. Good to be mindful of such headwinds before you ape into HYPE at $50 in the future.
People also aped into GMX at $90. See how that went. Down 90% since while BTC grinds into six digits.
Take good profits on the way up and secure them with Bitcoin. That’s the only strategy that makes you a winner long term.
Hit a follow @DU09BTC for more market insights in the future and share this message if you enjoyed reading it.
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Botanix Labs 🕷 reposted
GMX 🫐
GMX is becoming the go-to permissionless perpetual exchange for public blockchains.
Arbitrum, Avalanche, and Solana deployments are live. GMX Multichain will soon enable frictionless trading from popular EVM blockchains such as @Berachain, @Base, @BNBCHAIN, and others.
@LayerZero_Core's tech will allow traders to access the hundreds of millions of liquidity on the existing GMX deployments cross-chain from any supported blockchain. Seamless and secure.
A hybrid deployment on @BotanixLabs' Spiderchain - a leading Bitcoin Layer-2 that offers low fees, fast block times, and full EVM compatibility - is being realised alongside, following a recent DAO vote in favour of this proposal.
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Josh reposted
Josh
Will OG Defi trading make a comeback?
Here are my thoughts on $AERO vs $HYPE
Having worked in the onchain trading space since 2021, the beginning of $ARB $GMX $GNS $DYDX etc. - all of which are down bad.
Think Hyperliquid competes directly with $BNB and Binance.
Not to fud projects, but charts on OG Defi trading products do not look good.
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JJcycles
Blue berries valuation is laughable with a marketcap of $146m ranking it at number 270.
Way undervalued.
$GMX
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Adrena
👀
Sky 🌟Solana-volunteersDAO🌟
Come, come, come! @Solana_zh
💰💰💰 I'm here to give away money again!
(Studios, please stay away, don't take a slice of our cake)
🔔 Friends who previously played SolanaID with me, there's a benefit for you now!
💹 Up to $400+ for free ✈️
🔔 Let me formally introduce Adrena @AdrenaProtocol
🛜 In the world of DeFi, derivatives trading is gradually becoming the next big thing.
🌀 However, Adrena is one of the most noteworthy decentralized contract trading platforms in the Solana ecosystem.
💪 It not only breaks the monopoly of traditional CEX models but also reconstructs the trading experience in a fairer and more efficient way.
❌ You should know that when you open a 10U 100x leverage contract on an exchange, in most cases, your profit isn't enough to cover the fees.
✅ But now with Adrena, this situation will change!
✅ Break the high-fee barriers of centralized exchanges! Just thinking about it feels great!
❌ You should know that in the year I played contracts, I probably paid hundreds of thousands of dollars in fees!
Centralized exchange fees are outrageous!
Back to the main topic:
📌 1. What is Adrena?
Adrena is a contract trading DEX (decentralized exchange) built on Solana, allowing users to perform leveraged trading (e.g., long/short) while retaining the advantages of on-chain transparency and non-custodial funds.
Compared to traditional centralized exchanges (CEX), Adrena has three core features:
Users have full control of their assets; the wallet is the account.
All transaction records are on-chain and publicly transparent.
No registration or KYC is required, truly "Permissionless."
⚙️ 2. Core Mechanism: vAMM + LP Pool Model
Adrena adopts a mechanism similar to GMX, using a virtual automated market maker (vAMM) for pricing while using an LP pool as the counterparty. In other words:
Traders place orders through vAMM.
The LP pool acts as the liquidity provider, hedging traders' positions.
The system dynamically adjusts fund allocation based on position profits and losses.
This design ensures high liquidity and low slippage, effectively meeting large transaction demands.
🧠 3. Why did Adrena choose Solana?
Solana's advantages include:
High concurrency (supports thousands of TPS)
Extremely low fees (each transaction costs only about $0.0001)
Fast block times (block time is only 400 milliseconds)
This makes contract trading on Adrena almost "seamless," suitable for high-frequency or strategy-based traders.
Additionally, Adrena's deployment fully benefits from Solana's high performance, making contract execution more precise and stable.
💥 4. Feature Overview
High Leverage Support: Supports up to 50x leverage trading, catering to users with different risk preferences.
On-Chain Limit Orders: Users can set limit orders that automatically execute when the price reaches the set range.
Strong Composability: Adrena's contract components are designed to support external protocol integrations, such as automated strategies and aggregators.
User-Friendly Interface: The interface mimics CEX, making it easy to get started and reducing the learning curve for users.
Community Governance is Live: $ADX token incentives, governance voting, and other modules allow the community to participate in platform development.
🧩 5. Who is Adrena for?
Friends who want to try contract trading but don't want to pay high fees,
DeFi users who love Solana,
Strategy traders who enjoy high-frequency entries and exits,
Hunters looking for the next GMX by participating in early-stage projects.
‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
🌱 Here's the key point, let's take a look at the trading rewards currently offered by Adrena.
🔰 Sponsored by BONK and JITO! Choose your team to participate in the mutagen rewards!
‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️
✳️ First, let's talk about the collaboration between Adrena and @solanaidentity, giving away 1-10 mutagens! OMG!
❇️ Currently, the estimated price of one mutagen is about $50!
SolanaID's NFTs are so cool!
✳️ Of course, currently, doing contract trading with a 1M trading volume can earn you nearly 1.5 mutagens!
Rankings and values are shown in the image! I'm talking about the BONK team!
Currently, if you choose the JITO TEAM, your mutagen price seems to be slightly higher?
The season has 64 days left!
---------
If you don't want to trade?
Ok, no problem!
We have $ADX staking! Enjoy passive income! (See image)
In conclusion, this is truly a great project!
Let's work together for a decentralized world!
The current price of GMX is ₺515.74. Over the last 24 hours, GMX has decreased by -4.03%. It currently has a circulating supply of 10,113,282 GMX and a maximum supply of 13,250,000 GMX, giving it a fully diluted market cap of ₺5.20B. At present, the GMX coin holds the 155 position in market cap rankings. The GMX/TRY price is updated in real-time.
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and, as of writing, has the highest total value locked (TVL) of any project on Arbitrum. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading. $GMX is the utility and governance token.
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Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 1.2K new posts about GMX, driven by 619 contributors, and total online engagement reached 378K social interactions. The sentiment score for GMX currently stands at 44%. Compared to all cryptocurrencies, post volume for GMX currently ranks at 0. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of GMX.
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X
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Interactions
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Sentiment
82%
GMX FAQ
How much is 1 GMX worth today?
Currently, one GMX is worth ₺515.74. For answers and insight into GMX's price action, you're in the right place. Explore the latest GMX charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as GMX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GMX have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
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The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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