Joshua Xie
Twitter: @JoshXie1 Investor of ETH; CPA CFA MBA MD PhD LLM
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Unlocking DeFi’s toolbox, the booming options protocol on Arbitrum
#arbitrum #DeFi #期权 #Dopex #JonesDAO
background
Recently, many project officials tweeted "Monday" activities, which triggered everyone's speculation about the Arbitrum airdrop. Although the marketing activities caused short-term emotions, Aribitrum still has a solid fundamentals of ranking first in L2 with a TVL of 1.8 billion US dollars. There are many high-quality DeFi projects on Arbitrum, which are the key to attracting funds: GMX’s good on-chain contract trading experience attracts a large number of real users to enter transactions, and the increase in transactions requires better liquidity: innovative passive income products are to attract liquidity Another flywheel for providers: including income strategies around GLP, providing real income through option premiums, etc.
background
Recently, many project officials tweeted "Monday" activities, which triggered everyone's speculation about the Arbitrum airdrop. Although the marketing activities caused short-term emotions, Aribitrum still has a solid fundamentals of ranking first in L2 with a TVL of 1.8 billion US dollars. There are many high-quality DeFi projects on Arbitrum, which are the key to attracting funds: GMX’s good on-chain contract trading experience attracts a large number of real users to enter transactions, and the increase in transactions requires better liquidity: innovative passive income products are to attract liquidity Another flywheel for providers: including income strategies around GLP, providing real income through option premiums, etc.
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GMX: A decentralized derivatives exchange that grows against the trend in the bear market
Background: There are huge opportunities for decentralized derivatives trading
Since the beginning of 2022, the market value of cryptocurrency has fallen from US$2.2 trillion to US$850 billion. The long bear market has greatly affected investor confidence and speculative demand. The total lock-up value (TVL) of the DeFi protocol has also dropped from US$167 billion at the beginning of the year. to $44 billion. However, GMX, the decentralized perpetual contract trading protocol launched in August 21, has emerged from the bear market independently: TVL denominated in US dollars has grown steadily, and its market value has reached nearly US$300 million.
Chart 1: GMX’s TVL and market cap have grown over the past 12 months
Since the beginning of 2022, the market value of cryptocurrency has fallen from US$2.2 trillion to US$850 billion. The long bear market has greatly affected investor confidence and speculative demand. The total lock-up value (TVL) of the DeFi protocol has also dropped from US$167 billion at the beginning of the year. to $44 billion. However, GMX, the decentralized perpetual contract trading protocol launched in August 21, has emerged from the bear market independently: TVL denominated in US dollars has grown steadily, and its market value has reached nearly US$300 million.
Chart 1: GMX’s TVL and market cap have grown over the past 12 months
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