$GMX Dominates Derivative Protocols With $517.97M TVL, Launches Incentive Campaign On Avalanche

As of July 1, 2024, data from @IntotheBlock reveals that $GMX is leading the Total Value Locked (TVL) category among derivative protocols with an impressive $517.97 million.

Following $GMX, Synthetix holds $453.80 million, and dYdX comes in third with $308.82 million in TVL.

Emerging protocols are also showing significant growth. Vertex Protocol boasts a TVL of $90.99 million, while ApeX follows closely with $88.41 million. This rising TVL underscores strong user confidence, trust, and adoption in these platforms.

As of July 1st, 2024, data from @IntotheBlock shows that $GMX leads the TVL category among derivative protocols with a Total Value Lock of $517.97M, followed by Synthetix at $453.80M and dYdX at $308.82M.

Emerging protocols like Vertex Protocol and ApeX have shown significant… pic.twitter.com/rGbpmDkOyV

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