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Blog iconJulietG
Nov 27

What is GMX?

TL;DR GMX is a decentralized, permissionless perpetual swap and spot exchange. Traders can use it to easily trade cryptocurrency on-chain just by connecting their wallets. GMX has a native token called GMX, which functions as a governance, utility, and value-accrual token for the GMX protocol. Users can stake GMX tokens and earn a portion of GMX’s protocol fees, plus benefit from other incentives. GMX currently supports the Arbitrum and Avalanche networks. Introduction Blockchain and its appl...

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