GMX is a decentralized spot and perpetual exchange platform that emphasizes low swap fees and minimal price impact for trades. It supports trading through multi-asset pools, allowing liquidity providers to earn fees from various sources. Dynamic pricing is facilitated by Chainlink Oracles and aggregated prices from leading volume exchanges, ensuring accuracy and up-to-date information for users. Overall, GMX aims to create an efficient and decentralized trading environment.

GMX is available on the Arbitrum and Avalanche network.

For more info: https://docs.gmx.io/docs/intro/

Arbitrum is a leading layer 2 scaling solution for Ethereum. It utilizes optimistic rollups to process transactions off-chain and submit a summary to the Ethereum blockchain. This technology aims to enhance scalability, reduce transaction fees, and maintain compatibility with existing Ethereum smart contracts.

This dashboard is aimed at analysing transaction and user activity on the GMX platform on the arbitrum and avalanche networks. This analysis focuses on data from August 31st, 2021 to date.

Metrics used;

• Total Volume traded
• Daily Volume traded per chain
• Total Transaction count
• Daily Transaction count
• Total Active Users per chain
• Daily Active Users
• Unique Swappers vs Swaps

Avalanche is a type of Layer 1 blockchain known for its high-performance consensus mechanism. The Avalanche consensus provides scalability and low latency. Avalanche emphasizes interoperability, facilitating seamless connections with other blockchains, and has gained prominence for supporting decentralized finance (DeFi) applications.