Since $BTC broke historical highs, everyone is looking for where to place their investment to achieve great results in the possible altseason.
One of the most prominent projects that sparked envy among early holders was $HYPE , a DeFi protocol for futures and derivatives contracts, which has become the most used, even surpassing DYDX, the former benchmark.
This anticipates several things that we must understand:
Institutional capital no longer takes as many risks, it seeks assets with fundamentals and utility.
DeFi protocols and futures in DEX format are the new narrative.
In the absence of a clear regulatory framework, the crypto sector has taken refuge in DeFi, where there are legal loopholes that allow operation without violating laws.
Hype was the big surprise, but it is not the only competitor.
The great alternative?
That's right, we have in our hands an alternative that can be our revenge for having missed the HYPE boom, it's none other than: $GMX
A decentralized finance protocol, based on a DAO governance system, whose liquidity comes from project providers who stake tokens, stablecoins, and assets in exchange for stable returns.
How does it work?
The protocol offers futures contracts with high leverage on the Arbitrum, AVAX, Solana networks, and recently on the new layer 2 BTC network called Botanix, where GMX is a pioneer. The commissions generated by traders are distributed among liquidity providers and the team, making the token highly useful.
We make money when its value rises thanks to adoption.
We can stake it to earn rewards in ETH or AVAX (depending on the network).
Use it to provide liquidity.
Be part of those who make decisions in the DAO.
Its supply is limited and 80% is in circulation.
With a modest market capitalization of 130 million dollars, a huge track record, surviving and adapting to each market cycle, it has generated a historical volume of 300 trillion dollars and almost a million historical users. Listed on the largest exchanges, it is a product not to be overlooked and to be closely followed in light of new narratives.
I decided to bring it today because I consider it a completely undervalued gem. Its ecosystem is robust, growing, and this is not yet reflected in the price, but everything can change.
I hope this information is useful to you, don't forget to do your own research and good luck. Your comments and feedback are always welcome; if you want to contribute more information, the comments box is available.
The citizen Crypto bids farewell.