GMX Governance Proposal Vote

JUN

21

Event date

Saturday 21 June 2025, UTC

Event description

This governance proposal aims to refine GMX’s fee model and introduce incentives to encourage adoption on Botanix, a layer built for scalable Bitcoin transactions. The vote, accessible via [https://t.co/xPbKoPFZaG], lets $GMX token holders decide on changes that could enhance trader rewards and platform growth. Its significance lies in expanding GMX’s ecosystem beyond Arbitrum and Avalanche into Bitcoin’s burgeoning DeFi space, which could attract new users and liquidity. The outcome may influence staking yields and trading fees, making it a pivotal moment for investors and traders alike. Note: As with all governance votes, outcomes depend on community participation, and crypto investments carry inherent risks like volatility—do your research!

Recent News

GMX has been making waves recently. On June 17, 2025, the team announced this Botanix deployment vote [X Post ID: 1934949831606219078], signaling a strategic pivot. Earlier this year, on January 3, 2025, GMX outlined its 2025 development plan, including cross-chain trading expansions [gmxio.substack.com]. This aligns with a 150% rise in Bitcoin DeFi’s total value locked (TVL) in 2024 [DefiLlama], highlighting a timely move. The project’s weekly trading volume, often exceeding $1 billion on Arbitrum and Avalanche [gmx.io], underscores its robust liquidity foundation.

Future Plans

Looking ahead, GMX aims to integrate Solana and other EVM-compatible blockchains, per its 2025 roadmap [gmxio.substack.com]. The Botanix deployment could be a stepping stone, enabling seamless cross-chain trading and reducing network fees. The team also plans virtual account features to enhance user experience, solidifying GMX’s role as a DeFi liquidity layer. These ambitions could position GMX as a leader in an interconnected DeFi ecosystem.

Onchain Data

Specific onchain metrics for the Botanix deployment are pending as it’s a new initiative. However, GMX’s existing platforms show strong activity: Arbitrum’s $GMX staking has consistently held over 9,000 wallets with $50M+ in staked value [Dune Analytics, June 2025 snapshot]. Post-vote adoption on Botanix could mirror this growth, though data will emerge post-deployment.

Community Sentiment

X reactions are buzzing with optimism. Users like @Jonas_ALA and @nelson_mad69169 highlight the vote’s importance [X Post IDs: 1934950125614379274, 1934952373098586524], while @ClaraElsdobi seeks clarity on staking rewards [X Post ID: 1934953856666149373], reflecting engaged curiosity. Influencers tagging analysts like @ppt7sctv and @QuintroAnn suggest confidence in the proposal’s potential [X Post IDs: 1934995681045025046, 1934991118514389425]. Sentiment leans positive, though some await reward details.

Why It Matters

This vote taps into Bitcoin DeFi’s rise, outpacing Ethereum’s growth in some metrics [Journal of Blockchain Research, 2023]. For users, it promises lower fees and new trading opportunities, while competitors like dYdX lag in Bitcoin integration. Whether you’re a trader or staker, your vote could shape GMX’s next chapter—don’t miss out!

GMX

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GMX (GMX) Events List

Voltrade GMX Integration

Voltrade has announced the integration of GMX (GMX_IO) onto its platform, enhancing its trading infrastructure with the decentralized perpetual exchange capabilities of GMX. The event is dated October 31, 2025. This integration means users of Voltrade can access GMX’s liquidity and trading features directly through Voltrade's platform, expanding options for leveraged and spot trading. Voltrade is the hosting organization, and the announcement was made via GMX's official X (Twitter) account. No physical location or live event is applicable since this is a platform upgrade, and participation is through Voltrade’s platform accessing GMX services. Recent news indicates Voltrade’s strategic commitment to integrating high-liquidity and advanced DeFi trading solutions, with GMX being a leading decentralized perpetual exchange notable for low fees and user-centric design. There have not been reported new product releases or partnerships by Voltrade in the last three months beyond this integration announcement. Future plans likely include further expanding platform functionalities and user engagement through additional integrations and feature rollouts, reinforcing Voltrade's competitive edge in DeFi trading. Onchain Data No verifiable onchain metrics available. Community Sentiment Community sentiment appears positive, appreciating the broadening of trading options and improved access to GMX’s liquidity via Voltrade. From X replies: "Great to see Voltrade bringing GMX onboard," "This integration looks promising for leveraged trading," and "More DeFi partnerships like this please!" indicate optimism. Risk Disclaimer This integration may affect token utility and trading volumes on both platforms, potentially influencing token price dynamics. Users should consider market conditions and platform stability. Sources used https://x.com/GMX_IO/status/1979120387234345217

GMX

October 31

GMX Bridged to Solana

On December 1, 2025, GMX announced the bridging of its GMX tokens to the Solana blockchain, with the launch of the GMX–USDC balancing pool through an integration with Stargate Finance. This integration enables seamless cross-chain transfers of GMX tokens, expanding liquidity and user accessibility across blockchains. Participation is facilitated via the Stargate Finance bridge platform. Recent News In late 2025, GMX confirmed the live bridging on Stargate Finance, enhancing multi-chain operability. The GMX–USDC liquidity pool on Solana is bootstrapped to deepen liquidity and trading capacity. The collaboration with Stargate aligns with Solana's DeFi resurgence in 2024, which saw significant TVL growth and project activity. Future Plans GMX aims to continue expanding its cross-chain functionality to further enhance liquidity and user options. The project is focused on solidifying its presence in Solana's growing DeFi ecosystem, aiming to leverage Stargate's infrastructure to optimize asset transfers and pool liquidity. Onchain Data No verifiable onchain metrics available. Community Sentiment Positive — The bridging event has been well received by the GMX and Solana communities, highlighting optimism about enhanced cross-chain capabilities and liquidity growth. Comments include appreciation for the integration and expectations for increased token utility. Risk Disclaimer Bridging events can influence token dynamics, including price volatility and liquidity shifts. Users should assess risks associated with cross-chain transfers and liquidity pool participation. Sources used https://x.com/GMX_IO/status/1995477152402227421 https://www.tradingview.com/news/coindar:48156d4a9094b:0-gmx-to-be-integrated-with-stargate/ https://gov.gmx.io/t/bootstrapping-gmx-usdc-liquidity-for-gmx-solana/4923

GMX

December 1

GMX OI Calculation Change

GMX is implementing a significant change to its open interest (OI) calculation mechanism. The open interest balance will switch from being based on USD position value to notional position size. This update will impact several financial aspects on the GMX platform, including funding rates, borrowing fees, and the price impact of trades. The event is scheduled to take place on December 22, 2025. Recent News There are no major new announcements regarding this change beyond the initial disclosure by GMX on their official X (Twitter) handle. This update aligns with GMX's continuous efforts to optimize and refine their decentralized trading infrastructure to better reflect risk and exposure. Future Plans This calculation change is part of GMX's broader product development strategy to enhance platform transparency and accuracy in fee evaluation and market impact. It is expected to support more precise metrics and risk assessments for users and liquidity providers. Community Sentiment Neutral to positive. The community discussions on GMX's social channels reflect an understanding of the necessity for this technical update, though users are awaiting detailed impacts post-implementation. Example comments include: "Makes sense to align with notional size," "Curious how this impacts fees," and "Looking forward to clearer pricing metrics." Risk Disclaimer This change could affect users' trading costs and strategies due to altered funding and borrowing fee calculations. Participants should monitor post-update data closely. Sources used https://x.com/GMX_IO/status/2001321308471095793

GMX

December 22

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