Most crypto projects got the wind knocked out of them last year, but not decentralized crypto exchange GMX. Its token, which is also called GMX, finished the year up 90%. This chart from Token Terminal might help explain why.
See, GMX allows users to trade different tokens on the Avalanche blockchain or on Arbitrum – a scaling solution to Ethereum. But unlike most other decentralized exchanges (DEXs), GMX can also be used to trade crypto futures – leveraged derivatives products that track the price of a digital asset. Just like a centralized crypto exchange, GMX generates trading and other types of fees from its users. And as the chart
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With all this volatility, you may want to write that useful old adage down.
These spreads have widened, foreshadowing volatile days ahead.
When bond volatility is this hot, compared to stocks volatility, it’s a warning sign.