Perpetual DEX track has been especially hot recently, with many traders watching projects like $LIT, $ASTER, and $GMX. Let me take GMX's data as a benchmark — its market cap is only 85M right now, but the 24-hour trading volume has already surpassed 200M+, and the open interest has reached 238M, with this number still on the rise. The growth momentum is quite evident.



Interestingly, GMX's revenue model is very straightforward — all profits are distributed in real-time to stakers and LP providers. This level of transparency has indeed attracted many participants. Looking at the treasury, there are also 37M in reserves, leaving plenty of ammunition for future development.

From the team’s actions, they plan to complete multi-chain deployment by 2025, which can significantly expand liquidity and user base. Currently, trading volume and positions are accelerating growth, and for an established on-chain contract platform, this re-ignition signal is already very clear. Based on this growth trajectory, breaking the 1B market cap is really not a dream.
LIT2.36%
ASTER-4.25%
GMX0.23%
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SelfCustodyBrovip
· 01-07 00:54
gmx this wave definitely has some substance. Compared to those two newcomers, it's much more solid. Wait, 85m market cap and 200m trading volume? These numbers are too crazy. Without some real support, it can't hold up. 37m in the treasury can indeed compete; it all depends on whether multi-chain deployment can be realized. 1b is just a dream, but with this growth rate... hmm, it's a bit interesting. Finally, experienced players are stepping up in the DEX perpetuals sector, unlike some new tokens that keep shouting concepts. Oh no, why was gmx so silent before? Is it about to rise?
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BlockDetectivevip
· 01-07 00:53
gmx this wave is indeed interesting, the trading volume compared to market cap is really outrageous Wait, is 37M in the treasury really enough? Multi-chain deployment is costing a lot NGL, a market cap of 1B is a bit exaggerated, but the rebound momentum is real Traders are all chasing, it feels like you need to jump on quickly
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GasFeeDodgervip
· 01-07 00:53
gmx this wave is indeed interesting, with a trading volume breaking 200m and a market cap of only 85m, this ratio... is a bit intense Mouse trading? Or is it really supported by fundamentals? I don't quite trust the team's multi-chain deployment promises I've heard a lot about staking dividends, but the question is what to do if liquidity dries up 1b market cap? Let's wait and see the February data first, it's too early to say now
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MEVHunterZhangvip
· 01-07 00:42
gmx this wave indeed has some substance, the trading volume compared to market cap ratio indicates that popularity has really increased Wait, 37m in treasury reserves... it depends on how the team spends it, investing in marketing and development experience is the real key Multi-chain deployment sounds good, but I'm afraid it might just be another pump, and the actual progress is dragging behind I've seen too many scripts of old platforms making a comeback, will this be just a flash in the pan again? 1b market cap? Let's first see if they can stabilize at 200m daily trading volume before bragging
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