December
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Lately i've been using binance only to stack$BONK , $PEPE , and $SOL lot of people who already succeded on meme coin said hodl that 3 coin min 10 mil except the last one, before dec and you wont regret it like what happend to $WIF 😁
#CryptocurrencyAlert #HodlOn #December
#CryptocurrencyAlert #HodlOn #December
GMX vs. DYDX - The Two Dominating Perpetual Exchanges
One is the flagship application on Arbitrum. The other just built its own app chain. So, which one has more potential? Read this article 👇
Both projects are decentralized exchanges offering spot & perpetual swaps. Perpetual exchanges are truly interesting because usually generate lots of revenue, which we will look at in a minute. But first, let's get an overview of the projects
1. Overview
About GMX
GMX is available on Arbitrum & Avalanche but does most of its volume on Arb. It allows to trade a handful of assets with up to 50x leverage. GMX is currently the 114 largest cryptocurrency & they recently released V2 of their exchange.
About DYDX
DYDX used to be an Ethereum application. But they built their own blockchain. It offers a slightly different basket of assets with up to 20x leverage. DYDX is the 89th largest cryptocurrency & they just released V4 of their exchange.
Fast compare:
Marketcap & FDV: DYDX: $587m & $3.2B ✖️ GMX: $448m & $448m ✔️ Volume (24h): DYDX: $830m ✔️ GMX: $177m ✖️ TVL: DYDX: $342m ✖️GMX: $548m ✔️
🚀It's interesting that DYDX does more Volume but has less TVL than GMX. The reason for this is that users can't provide liquidity on DYDX. GMX shares its revenue with LPs. Also, GMX has all of its tokens circulating, but DYDX doesn't
2. Tokenomics
100% of the GMX supply is circulating. The contributor tokens are fully vested & they are only 1.89% of the supply. They allocated the majority of their tokens to the "XVIX" & "Gambit" migration. Let's go deeper!
DYDX is an old application & the tokenomics have been changed a few times. Currently, ~50% are allocated to insiders. Please be careful, as you can see major unlocks are starting (literally) tomorrow.
It's worth mentioning that DYDX is becoming more decentralized with its V4 upgrade. The chain is now fully controlled by governance/the community. Their V4 upgrade enables trading with (almost) no fees, which they offer until they hit a certain volume threshold.
One of the most bullish aspects of GMX is that protocols build on top of it. Vaults, Lending, Exchanges and more ... In total, there are over 30 protocols that are built on top of GMX. The network effect is one of the best features a protocol can have.
3. Conclusion
Without a doubt, both are great projects. DYDX has more Volume & is more established. GMX is decentralized & community-oriented. Furthermore, the upcoming DYDX unlock is a deal-breaker.
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Disclaimer: NFA, DYOR
#December #Trading #Onchain
Both projects are decentralized exchanges offering spot & perpetual swaps. Perpetual exchanges are truly interesting because usually generate lots of revenue, which we will look at in a minute. But first, let's get an overview of the projects
1. Overview
About GMX
GMX is available on Arbitrum & Avalanche but does most of its volume on Arb. It allows to trade a handful of assets with up to 50x leverage. GMX is currently the 114 largest cryptocurrency & they recently released V2 of their exchange.
About DYDX
DYDX used to be an Ethereum application. But they built their own blockchain. It offers a slightly different basket of assets with up to 20x leverage. DYDX is the 89th largest cryptocurrency & they just released V4 of their exchange.
Fast compare:
Marketcap & FDV: DYDX: $587m & $3.2B ✖️ GMX: $448m & $448m ✔️ Volume (24h): DYDX: $830m ✔️ GMX: $177m ✖️ TVL: DYDX: $342m ✖️GMX: $548m ✔️
🚀It's interesting that DYDX does more Volume but has less TVL than GMX. The reason for this is that users can't provide liquidity on DYDX. GMX shares its revenue with LPs. Also, GMX has all of its tokens circulating, but DYDX doesn't
2. Tokenomics
100% of the GMX supply is circulating. The contributor tokens are fully vested & they are only 1.89% of the supply. They allocated the majority of their tokens to the "XVIX" & "Gambit" migration. Let's go deeper!
DYDX is an old application & the tokenomics have been changed a few times. Currently, ~50% are allocated to insiders. Please be careful, as you can see major unlocks are starting (literally) tomorrow.
It's worth mentioning that DYDX is becoming more decentralized with its V4 upgrade. The chain is now fully controlled by governance/the community. Their V4 upgrade enables trading with (almost) no fees, which they offer until they hit a certain volume threshold.
One of the most bullish aspects of GMX is that protocols build on top of it. Vaults, Lending, Exchanges and more ... In total, there are over 30 protocols that are built on top of GMX. The network effect is one of the best features a protocol can have.
3. Conclusion
Without a doubt, both are great projects. DYDX has more Volume & is more established. GMX is decentralized & community-oriented. Furthermore, the upcoming DYDX unlock is a deal-breaker.
-------------------------
Disclaimer: NFA, DYOR
#December #Trading #Onchain
📣 Getting ready to Bullish Market 2024?? #BULLRUN24
Here I have pointed out 3 Crypto Currencies where you can expect more than 100X returns by #December 2024.
01. $ETH Ethereum mainly floats on smart contracts to draw a considerable amount of #DEFİ investments. Despite the recent decline, Ethereum maintains a strong market cap of $421 million; 10% increase over the month and a 98% rise year-over-year. According to this simplified summary, Ethereum has a good probability to be a one of the top four cryptocurrencies to purchase before the 2024 bull market.
02. $PEOPLE Shows a sudden bearish market of a -30% !! The same decline was predicted by some whales and even has published. Which means the market get ready for their next jump right?
This coin holds a market capital of $4Million USD. And a 77% of a one month incline. And a 600% of incline for the year. Definitely should be a good coin for a return in a 6 months.
03. $ADA Cardano (ADA) stands as the 10th largest coin in the market. It is a pioneering third-generation blockchain platform with a 'proof of stake' (PoS) system. This modern method is more energy-efficient than the older 'proof of work' (PoW) systems. Over the past year, Cardano’s price went up by +41%.
According to DeFi Llama, Cardano's 'Total Value Locked' (TVL) has increased, attracting more investor attention. This growth marks Cardano as one of the top three cryptocurrencies to invest in before the anticipated 2024 bull market.
For this year guys! The #BullRunAhead
Here I have pointed out 3 Crypto Currencies where you can expect more than 100X returns by #December 2024.
01. $ETH Ethereum mainly floats on smart contracts to draw a considerable amount of #DEFİ investments. Despite the recent decline, Ethereum maintains a strong market cap of $421 million; 10% increase over the month and a 98% rise year-over-year. According to this simplified summary, Ethereum has a good probability to be a one of the top four cryptocurrencies to purchase before the 2024 bull market.
02. $PEOPLE Shows a sudden bearish market of a -30% !! The same decline was predicted by some whales and even has published. Which means the market get ready for their next jump right?
This coin holds a market capital of $4Million USD. And a 77% of a one month incline. And a 600% of incline for the year. Definitely should be a good coin for a return in a 6 months.
03. $ADA Cardano (ADA) stands as the 10th largest coin in the market. It is a pioneering third-generation blockchain platform with a 'proof of stake' (PoS) system. This modern method is more energy-efficient than the older 'proof of work' (PoW) systems. Over the past year, Cardano’s price went up by +41%.
According to DeFi Llama, Cardano's 'Total Value Locked' (TVL) has increased, attracting more investor attention. This growth marks Cardano as one of the top three cryptocurrencies to invest in before the anticipated 2024 bull market.
For this year guys! The #BullRunAhead