What is the GMX platform?

GMX is a decentralized platform for transactions with very low fees and zero Price Impact, which allows users to make perpetual transactions. Users can increase their trading power up to 30 times or in other words use 30X leverage. This platform was first launched on Arbitrum in 2021 and then moved to Avalanche network in 2022. Transactions in GMX are funded by a multi-asset liquidity pool. The reward of the liquidity providers of these pools is obtained from market makers, swaps transactions and leveraged transactions. What sets GMX apart from its competitors is the various benefits for GMX currency holders, pool liquidity providers, as well as the platform's inflation-free token economy.

During the last three months

:triangular_flag_on_post: Below are the fees earned by GMX It has been reviewed in the last three months →

• Growth of fees
• Average fees
• Number of unique wallets
• Number of transactions

Over the past month

:triangular_flag_on_post: Below are the fees earned by GMX It has been checked in the last month→

• growth of fees
• Average fees
• Number of unique wallets
• Number of transactions

Swaps -During the last three months

:triangular_flag_on_post: In the following 6 charts, the swaps in GMX along with tokens and pools are reviewed in the last three months →

• The number of swaps on a daily basis by grouping swaps
• Volume of swaps on a daily basis by grouping swaps
• Dollar volume of swaps on a daily basis by grouping swaps
• Growth of traders on a daily basis by grouping swaps
• The number of traders on a daily basis by grouping swaps
• Growth of dollar volume on a daily basis by grouping swaps

Swaps -During the last month

:triangular_flag_on_post: In the following 6 charts, the swaps in GMX along with tokens and pools are reviewed in the last month →

• The number of swaps on a daily basis by grouping swaps
• Volume of swaps on a daily basis by grouping swaps
• Dollar volume of swaps on a daily basis by grouping swaps
• Growth of traders on a daily basis by grouping swaps
• The number of traders on a daily basis by grouping swaps
• Growth of dollar volume on a daily basis by grouping swaps

Comparison of three months and one month

🚩In the 4 donut charts below, by the direction of the swaps→

• Number of swaps
• Swap dollar volume
• Number of unique traders
• Swap volume

:triangular_flag_on_post: In the bar chart, the following items were compared in the last three months and one month →

• Average dollar volume
• Median dollar volume
• Volume
• Number of traders
• Number of swaps

Methodology

• In this method, the focus has been on the swap on the GMX platform

• Fees earned in the last one and three months were reviewed

• The following code was used to filter the transaction→

  from arbitrum.core.fact_event_logs 
      where	origin_to_address='0xabbc5f99639c9b6bcb58544ddf04efa6802f4064'
  

• To find decimal tokens from ethereum.core.fact_hourly_token_prices table used

• ==UNI== token decimal in ethereum.core.fact_hourly_token_prices table Sometimes 8 and sometimes 18 is entered, which is wrong in the database and should always be 18, and it was corrected with the following code→

  select   
      hour::date as day
      ,case 
        when symbol='UNI' then 18
        else decimals  
        end decimals
      ,symbol
      ,avg(price) as price_usd
    from ethereum.core.fact_hourly_token_prices
    	group by 1,2,3
  

  \

Conclusion

In the last three months →

• The highest fees were on June 29
• As expected, the highest number of swaps was on June 29 and the fees were higher
• The largest swap volume was on September 7
• The highest participation of traders was on June 29

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In the past month →

• The highest number of swaps was on September 6
• The highest dollar swap volume was on September 7
• The highest participation of traders was on September 6

---

In the review of swaps →

• The most popular WETH=>USDC pool with about 44%
• The average dollar of the last 3 months is about 3 thousand dollars
• About 34 thousand swaps
• About 16,000 unique readers

written by

Discord ID: Sal☰h#1747

email : saleh.mz@gmail.com

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