Blockchain users and GMX's rise

A apical 5 that each should beryllium satisfied with their marketplace positioning. CZ’s stature has grown during the FTX saga, but BNB Chain whitethorn inactive beryllium a sleeper success. Polygon seems premier to soak up large Web3 entries, portion Ethereum boasts a important idiosyncratic basal contempt the precocious state fees. Ethereum’s idiosyncratic basal is playing astatine overmuch larger scales than BNB & Polygon. Arbitrum, meanwhile, is starring the blockchain scaling contention and Uniswap is winning the astir wide utilized blockchain application.

GMX has maintained dependable measurement contempt the wide marketplace decline. Just this week, GMX fees surpassed Uniswap successful regular fees for the archetypal time. There has been a agelong database of projects trying to ace the on-chain perpetual and derivatives marketplace with small success. GMX’s maturation has been connected the backs of retail investors, but it’s unclear if GMX’s exemplary tin standard to pull organization superior and vie with the centralized players.

The illustration supra is 1 of 10 affirmative (adoption) charts from crypto apps/protocols from

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• crvUSD Whitepaper drops Link

• ENS DAO selects Karpatkey arsenic treasury manager Link

• MakerDAO votes to rise Dai Savings Rate to 1% Link

• Gauntlet runs down the Aave governance effect to the CRV compression Link

• Across Protocol raises $10m from Hack, Placeholder & Blockchain Capital Link

• Avalanche DEX Trader Joe to deploy connected Arbitrum Link

• DeFi Deep Dive: Uniswap Part 2 [thiccythot/Friktion Research]

• The Uniswap airdrop and lessons for the manufacture [jhackworth/Dune]

• A worthwhile Canadian stablecoin inaugural [JP Koning/Moneyness]

• DeFi Options: Mapping hype to world [REVV]

• Cleaning up the battlefield of Avi and Curve [EigenPhi]

• The aboriginal of MEV is SUAVE [Flashbots]

That’s it! Feedback appreciated. Just deed reply. Written successful Nashville, wherever I can’t judge it’s December.

Dose of DeFi is written by Chris Powers, with assistance from Denis Suslov and Financial Content Lab. Caney Fork, which owns Dose of DeFi, is simply a contributor to DXdao and benefits financially from it and its products’ success. All contented is for informational purposes and is not intended arsenic concern advice.