GMX price

every 2022-23 proposed gmx killer is getting bailed out now but what if the real emerging meta isn't around perp dexes but instead a fancier technology that enables institutional investors to buy and sell large quantities of securities anonymously and away from public exchanges?

If Kaito has the mindshare of perpdex, these days will definitely crush other tracks. The $ASTER TGE was just 3 days ago, who would have thought, the TGE hit 500M and started climbing all the way up to just now at a high of 1.2u. This means it reached a 10B FDV... Personally, I started selling at 0.3u during the airdrop... Later, I saw something was off and bought back some at 0.55-0.6, but still sold off a lot. I can only say I underestimated the power of CZ @cz_binance returning. The BNB ecosystem on-chain has also been very hot these days, which allowed me to accumulate some points on @unicornxdex. Initially, I called $APX when it was below 0.08, and in the blink of an eye, it has already exceeded 12x... Just now, my buddy also helped 🥸 when $ASTER was at 1.13u on Hyperliquid. If $ASTER is currently at 8B, that means it's 1/7 of Hyperliquid's volume. Let's take a look at the current top 5 perpdex's 24hr trading volume: 1️⃣ @HyperliquidX: 7.75B 2️⃣ @Lighter_xyz: 4.19B 3️⃣ @edgeX_exchange: 2.07B 4️⃣ @Aster_DEX: 1.5B 5️⃣ @BasedOneX: 1.1B These five are indeed the most discussed, aside from Lighter, which has already exploded in OTC score price, and the momentum of edgeX, which was incubated by Amber, is also good. Of course, there are discussions about whether StandX can take over Aster, as well as Backpack, Pacifia, and other perpdex. I can only say that traders will have to do well in the coming months 🤣. Other already issued perpdex's 24hr trading volume and current market cap (Circ.): @OrderlyNetwork $ORDER 560M, 191M @JupiterExchange $JUP 533M, 3.6B @DriftProtocol $DRIFT 350M, 848M @avantisfi $AVNT 340M, 1.2B @MYX_Finance $MYX 286M, 11B (?) @GMX_IO $GMX 214M, 157M From the above data, it can be seen that many tokens are driven by sentiment or non-fundamental factors, and one can implement long-short strategies from this 😌. Finally, here are a few of my views: 1️⃣ Don't brush up just for airdrops; it's best to purely shift trading habits or hedge. 2️⃣ Avoid pitfalls; research the mechanisms and basic costs of each perpdex before operating. 3️⃣ The important thing is still "ecological discourse power"; many perpdex have issued tokens, but many cannot be maintained; what matters is who the backing is.