Is DeFi back? GMX rallies toward all-time high and LOOKS price gains 30%

On Nov. 28, GMX earned about $1.15 million in daily trading fees, which surpassed Uniswap’s $1.06 million in trading fees on the same day.While usage of GMX may be decreasing, the token is outperforming the industry. The GMX token is only 8% away from an all-time high after gaining 59% in the past 30-days.Since Uniswap is the closest competitor to GMX, comparing the two protocols can show which users prefer to use for trading. Aside from Nov.

The fees that GMX accrues are split 30% to GMX token holders and 70% to GLP holders. The current homepage for GMX cites the estimated APY on the GMX tokens is around 10% and for GLP tokens, 20%. While GLP would fit Hayes’ 20% annual yield goal, liquidity providers are Further difference between the two protocols is that OpenSea does not have a token that emits rewards through staking and inflationary minting. The rewards emission may hit Hayes’ 20% goal, but it should also be noted that LooksRare is

could help propel LooksRare to gain more “authentic” transactions since users can purchase LooksRare NFTs without ever visiting the site.

No one knows why this is happening and I became very interested

So the media companies like you would talk about it.

coz of CryptoHayes shill?

Because CryptoHayes recommended LOOKS on the Wolf of All Streets podcast

CC: CryptoHayes lmk your thoughts, always appreciate your insight. Also, are you holding GMX LP or GMX?

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