GMX

A decentralized spot and perpetual exchange on Arbitrum and Avalanche, offering low-slippage leverage trading against a multi-asset liquidity pool.

## Executive Summary GMX is a decentralized spot and perpetuals exchange that operates on the Arbitrum and Avalanche blockchains. It allows users to trade popular cryptocurrencies like BTC and ETH with up to 50x leverage directly from their personal crypto wallets, removing the need for a centralized intermediary. The platform is designed to provide a transparent, high-performance trading experience with key advantages over traditional order book-based exchanges, such as zero price impact trades and low slippage, even for large order sizes. The core innovation of GMX lies in its unique liquidi