While derivatives market activity peaked in March 2024, perps continue to generate massive fees:
GMX / $GMX: $61M
dYdX / $DYDX: $16M
Vertex / $VRTX: $12M
MUX / $MCB: $11M
Synthetix / $SNX: $9.8M
No one knows when the altseason will start, but any flash crash or local pump in this market provides a great opportunity for a quick profit.
For example, if you had longed $SOL with 10x leverage on August 5th, you could have made over 400% profit in just a few days.
So, if you enjoy market speculation, Muxprotocol might be the best option for you.
➜ MUX adds a 15% rebate in $ARB to GMX v2 positions. GMX v2 offers trading fee rebates of 25%-50%, combining for a total rebate of 40%-65%.Update (Post 08/11)
#BinanceTurns7 #LowestCPI2021 #MarketDownturn