ambcrypto.com: GMX trading fees soar to record high of $245 mln amid market rally

Journalist

Posted: November 11, 2023

• Daily trading fees on GMX have rallied to a new high.
• GMX V2’s total value locked has increased by almost 100% in the last two weeks.

Trading fees on GMX, a decentralized exchange (DEX) for perpetual contracts, reached a daily record high of $245 million on 10th November, according to data from Dune Analytics.

Source: Dune Analytics

This fee surge came as the trading volume on the V2 interaction of the DEX also reached a new milestone, exceeding $280…