Overview of HMX Token

HMX is a next-gen decentralized perpetual protocol with a cross-margin and multi-asset collateral support on Arbitrum. HMX offers the following unique features to users: - Leveraged Trading (Cross-Margin & Multi-Collateral Management Support) - Leveraged Market Making (HLP Vault) - Rewarding Incentive Programs More details can be found here https://docs.hmx.org/hmx/

This dashboard is prepared to determine the potential of the HMX token using the following metrics

Total Users, Transactions and Trading Volumn
Active Users
New Users
HMX Dex Fee
Wallet Holders by USD Balance
TVL
Price

We selected our data from flipside's arbitrum.defi.ez_dex_swaps and arbitrum.core.fact_transactions.

HMX Token was launched in the month of August with Trading Volume reaching an ATH of $12.59B and Price reaching $15.5 on the 18th of August, 2023.

Looking at the TVL from the data on defilama, we can see TVL is currently at All Time High at $30m as at the time of writing this reseach.

HMX Token price is - 59.75% below its last ATH of $19.87. It is arguable that given the general bearish market the price dropped but looking at the TVL , it shows so much optimism from Liquidity Providers and Investors creating room for a potential upside.