CandleFocus

GMX price stalls as crypto perpetual futures volume retreats

The GMX token has remained stable on Tuesday, with slight gains from its lowest point this year. However, the volume in its ecosystem has declined, and it has been surpassed by other decentralized exchanges in terms of trading volume. GMX hopes to regain market share by introducing new innovative products and is rumored to deploy on Solana soon. Despite a rise in price, the GMX token is still under pressure and may continue its bearish trend.

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