GMX - logo
GMX
GMX
$30.05

Sector

DEX

Exchange Debut

2021-09-13

Market Cap

288,103,603

Maxim Supply

13,250,000

Circulating Supply

9,587,992

Circ. Supply(%)

72.36%
GMX - logo

GMX

GMX

Price

$30.05

Market Cap

Sector

Exchange Debut

288,103,603
2021-09-13

Volume 24h

High 24h

Low 24h

12011798
31.790706808699
30.014610569106

Change 24h

Change 7d

Change 30d

-5.0352
8.4667
9.9531

Maxim supply

Circulating supply

Circulating supply(%)

13,250,000
9,587,992
72.36%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the GMX cryptocurrency:

GMX is a decentralized exchange (DEX) for trading perpetual cryptocurrency futures, particularly known for its large volume of trades and an impressive user base. According to the fundamental analysis of the GMX cryptocurrency, this project exhibits both strength and areas needing improvement across several criteria. With a final score of 5.78 out of 10, it demonstrates a solid presence in the competitive crypto market but also presents potential areas for growth and enhancement.

SOCIAL & MASS MEDIA: Score 6.7 out of 10

The fundamental analysis of the GMX cryptocurrency shows that GMX has made a significant impact on social media and mass media platforms, scoring a 6.7 out of 10. Its notable ability to attract followers and high presence in the media were strong points, but activities of administrators and community activity on social media pages could use improvement, indicating a need for more engagement and interaction on these platforms.

AUDIT & SECURITY: Score 7.23 out of 10

The GMX project shines in the area of Audit & Security with a score of 7.23 out of 10. The transparency of information available to the public is above average, while its liquidity on the exchange is exceptional. The results of audits, however, show room for improvement.

TOKENOMICS: Score 4.9 out of 10

Tokenomics, a crucial aspect of any crypto project, is a weak point for GMX with a score of only 4.9 out of 10. The fundamental analysis of the GMX cryptocurrency suggests concerns regarding inflation and centralization of the monetary mass. These issues could pose challenges to the token’s sustainability and distribution.

ECOSYSTEM DEVELOPMENT: Score 5.9 out of 10

GMX’s Ecosystem Development scored moderately at 5.9 out of 10. Achievement of objectives and plans for new developments were both rated average. The fundamental analysis of the GMX cryptocurrency suggests there’s room for the team to improve in this area.

TEAM & DEVELOPERS: Score 2.9 out of 10

A significant area of concern is the GMX’s team, which scored a low 2.9 out of 10. The number of software developers is adequate, but the experience of the team is rated low, implying that the project could benefit from additional seasoned expertise.

PRODUCT & UTILITY: Score 6.6 out of 10

GMX scored moderately in terms of Product & Utility at 6.6 out of 10. The utility of the product and tokens in the ecosystem received positive ratings, highlighting the practical value of the GMX offering.

PARTNERS & INVESTORS: Score 5.25 out of 10

In terms of Partners & Investors, GMX secured a score of 5.25 out of 10. The number and capacity of investors, along with the quality of partners, were assessed to be moderately satisfactory.

Fundamental analysis of the GMX cryptocurrency – The final conclusion

Upon comprehensive fundamental analysis of the GMX cryptocurrency, the project exhibits promising prospects coupled with areas of concern. Its substantial trading volume and vast user base represent significant strengths, but the low scores in areas like team experience and tokenomics raise flags for potential investors. GMX has established a robust presence on social media and mass media platforms and boasts an impressive level of transparency and liquidity. However, it needs to work on engaging with its community more effectively, improving its monetary policies, and enhancing team expertise.

Investment in GMX presents both opportunities and risks. The fundamental analysis of the GMX cryptocurrency reveals that the project’s potential for further development and growth is undeniable. However, it also indicates areas that prospective investors must critically consider, such as tokenomics and team experience, before making a decision. This balanced understanding should inform a prospective investor’s strategy, offering a clearer picture of the project’s prospects and challenges.

What is GMX?

 

Understanding GMX and Its Operation

The GMX, originally known as Gambit Exchange, is a decentralized exchange (DEX) designed for trading perpetual cryptocurrency futures with a maximum of 50X leverage. Focusing on popular cryptocurrencies such as BTC and ETH, GMX has established a solid market presence since its launch in September 2021. It now boasts a trading volume of over $130B and a user base of 283K, making it a premier derivatives DEX on Arbitrum and Avalanche. The connection of these ecosystems to GMX is facilitated through Synapse, a cross-chain bridge.

The Uniqueness of GMX

A key factor in the fundamental analysis of the GMX cryptocurrency is its unique approach to trading. Eschewing the order book model common in centralized exchanges, GMX innovates with an automated market model akin to that deployed by other DEXs like Uniswap. A notable feature is its native multi-asset pool, GLP, which generates income for liquidity providers.

Understanding GLP and GMX Tokens

The GLP functions as a liquidity pool composed of ETH, BTC, LINK, UNI, USDC, USDT, DAI, and FRAX. Its market prices hinge on Chainlink’s oracles that gather token price data from major exchanges. The GMX ecosystem is built around GLP and GMX tokens, with GLP serving to supply liquidity and reflecting the value of all GMX assets. Conversely, GMX is the utility and governance token.

Benefits of the GMX Ecosystem

When users add liquidity by minting GLP, they receive 70% of all fees generated on the corresponding blockchain. Unlike certain liquidity pools, GLP is not subject to impermanent loss. Moreover, the GLP pool functions as a counterparty for traders, creating a scenario where GLP token holders profit when traders incur losses, and vice versa.

Fundamental analysis of the GMX cryptocurrency

GMX - GMX performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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