$GMX $DYDX
Both have been moving sideways in recent months.
dYdX is a decentralized trading platform (DEX) focused on derivatives, especially perpetual contracts, allowing users to trade digital assets with leverage directly on the blockchain. Unlike many centralized exchanges, dYdX offers the advantage of transparent and secure trading, with the custody of funds held by users themselves, which reduces centralization risks. The platform uses a blockchain-based order system, with smart contract execution, and is known for being built on the StarkWare network (based on Ethereum), offering efficiency and scalability for its operations.
GMX is the native token of the GMX platform, which offers a decentralized protocol for trading derivatives and cryptocurrency swaps. GMX allows users to trade with leverage and perform swaps directly on the blockchain, without the need for centralized intermediaries. The platform also stands out for offering efficiently aggregated liquidity, allowing users to trade at reduced costs. In addition, GMX token holders can participate in the governance of the platform, helping to shape future updates and changes to the protocol.
