Cryptocurrency Exchange Token Soars in 2022 Despite Bitcoin, Ethereum and Dogecoin Losses: GMX (GMX/USD)


As the year 2022 wraps up, it has become evident that the native token of a decentralized cryptocurrency exchange has been on a tear. Data from Benzinga Pro shows that the biggest gainer has been GMX (GMX/USD), which has skyrocketed more than 102% and is currently trading at $45.

What Was Done: Cryptocurrency Apex Bitcoin (BTC/USD), Ethereum (ETH/USD) and Dogecoin (DOGE/USD) were not even in the list of the top 100 gainers by market capitalization as of 2:20 EST on December 26.

Cryptocurrency Gains Price
GMX +102% $45
Trusted wallet +72% $1.38
LION +1.3% $3.60

The soaring popularity of GMX was due to the collapse of FTX. Users have realized the value of decentralized exchanges to safeguard their funds and protect them from being blocked.

See more: Best Crypto Day Trading Strategies

The second biggest gainer is the native token of Trusted wallet (TWT/USD). This news saw a 72% increase in its traffic.

Another DeFi platform that went up despite the market decline is UNUS SED LEO (LEO/USD). Although it only saw gains of 1.3%, it still outperformed the top 100 cryptocurrencies in terms of market capitalization.

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