Blockchain
Chainlink Data Streams Activate on Avalanche Blockchain With GMX Integration
The technology is expected to bolster the Avalanche by providing developers and traders with improved data access and execution speeds.
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GMX represents a significant evolution in the decentralized finance ecosystem, operating as a decentralized spot and perpetual exchange. It is designed to facilitate effortless trading experiences with features that include low swap fees and zero price impact trades. The platform is powered by a unique multi-asset liquidity pool which benefits liquidity providers through earnings obtained from market making, swap fees, and various trading mechanisms such as leverage trading and asset rebalancing. Notably, GMX integrates advanced pricing mechanisms by utilizing Chainlink Oracles and Time-Weighted Average Price (TWAP) metrics from leading decentralized exchanges (DEXs). This enables the platform to provide accurate and dynamic pricing to its users, ensuring that trades reflect real-time market conditions. By offering a decentralized trading solution, GMX aims to empower users with greater control and transparency within the cryptocurrency markets. As the ecosystem continues to develop, it is positioned to play a key role in the broader landscape of blockchain technology and decentralized finance.
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The technology is expected to bolster the Avalanche by providing developers and traders with improved data access and execution speeds.
Of all cryptocurrency derivatives markets, $92.95 million was liquidated over the past day; BTC positions accounted for $22.38 million.
Since January 24, 2023, the number of BTCb hosted on the Avalanche chain has risen 62%, from 5,248 to 8,504 BTCb.
The creators of a new dex platform built on Arbitrum announced on Jan. 28, 2023, that the project has emerged from stealth mode.