DeFi products like GMX rely on smart contracts to offer users financial services, such as trading and lending. GMX allows users to trade futures, or financial derivatives of spot tokens, on its exchange with leverage of up to 50 times the initial collateral.
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- Source: https://www.coindesk.com/markets/2023/02/13/arbitrum-based-gmx-surpassed-ethereum-blockchain-in-daily-fees-over-weekend/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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