GMX Investment Research Report
The current design has many flaws, such as few supported currencies, high risk exposure of liquidity providers, and oracle manipulation. However, GMX is very fast in product iteration and has strong community support. The upcoming X4 is expected to transform GMX from a trading platform into a DeFi toolbox that can be used by more projects.
GMX's future imagination comes from using DeFi smart contracts to replace financial intermediaries, thereby reducing "middleman" expenses for users. GMX, an on-chain exchange that has created a transaction scale of tens of billions of dollars, initially only had a core team of four people, and the rest were built spontaneously by the community. Compared with traditional financial institutions and technology companies, GMX unit employees generate higher income and have lower valuations. If DeFi technology can eventually break out of the cryptocurrency field and be applied to traditional financial derivatives, it will give GMX higher growth space and potential.
Reasonable layout price: 25U-30U
Expected income: 5 times - 15 times
The current design has many flaws, such as few supported currencies, high risk exposure of liquidity providers, and oracle manipulation. However, GMX is very fast in product iteration and has strong community support. The upcoming X4 is expected to transform GMX from a trading platform into a DeFi toolbox that can be used by more projects.
GMX's future imagination comes from using DeFi smart contracts to replace financial intermediaries, thereby reducing "middleman" expenses for users. GMX, an on-chain exchange that has created a transaction scale of tens of billions of dollars, initially only had a core team of four people, and the rest were built spontaneously by the community. Compared with traditional financial institutions and technology companies, GMX unit employees generate higher income and have lower valuations. If DeFi technology can eventually break out of the cryptocurrency field and be applied to traditional financial derivatives, it will give GMX higher growth space and potential.
Reasonable layout price: 25U-30U
Expected income: 5 times - 15 times