GMX Solana
Decentralized Perpetuals
Status
Not set
Live
Live
Chains
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Category
DeFi
Category
Channel Partner
Partner Type
No items found.
Integrations
Data Streams
Product Type
Data Streams
Industry
No items found.
DeFi
Year
2024
Collaboration
Social
Announcements
Channel Partnership Details
October 29, 2024
GMX_SOL - a deployment of GMX_IO V2 on solana, has adopted Chainlink Data Streams as its official oracle solution.
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Data Streams
About
GMX Solana

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GMX-Solana is an extension of GMX on the Solana blockchain, dedicated to providing traders with an efficient, transparent, and decentralised platform for perpetual trading. GMX-Solana supports hundreds of assets and offers flexible leverage up to 200x, enabling high-efficiency, self-custody trading without intermediaries.

GMX-Solana employs an innovative Trade-to-Mint economic model to minimise trading costs while maximising incentives. Through this model, traders directly contribute to value creation and distribution, ensuring greater transparency and fairness. Committed to full decentralisation, GMX-Solana is entirely community-driven and self-funded, with no venture capital involvement, no pre-sale, and no pre-mint. Its fair-launch mechanism guarantees open participation under transparent and verifiable conditions.

GMX-Solana introduces the Global Liquidity Vault (GLV), building on the GMX Liquidity Vaults introduced recently. GLV ensures global liquidity across all markets, enhancing trading efficiency. It serves as a one-stop solution for liquidity providers and is the next generation of GLP. Utilising GLV allows GMX-Solana to meet diverse trader needs while maintaining optimal liquidity.

Building on GMX’s proven success — with $390 million in fees distributed, $230 billion in trading volume, and over 660,000 traders — GMX-Solana aims to elevate decentralised trading on Solana by offering a more powerful and user-centric ecosystem.

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Data Streams
DeFi