GMX Expands to Coinbase's Base, Boosting Cross-Chain Trading
GMX, a leading decentralized perpetual exchange, has launched GMX Multichain, its first expansion onto Base, Coinbase's Ethereum Layer 2 network. This move introduces a set of capabilities to streamline trading and enhance liquidity across multiple networks.
The new Multichain system, built on the interoperability protocol LayerZero, offers access to over 90 perpetual trading pairs and 23 high-liquidity swap markets. It simplifies onboarding and provides unified liquidity across supported blockchains.
Since its launch four years ago, GMX has facilitated over $320 billion in trading volume, serving more than 720,000 users across Arbitrum, Avalanche, Solana, and the Bitcoin-based Botanix blockchain. Following the Base integration, GMX plans to support other widely used EVM-compatible blockchains, including Binance Chain and Ethereum Mainnet, allowing traders and liquidity providers seamless cross-chain access to GMX's infrastructure.
The expansion onto Base marks a significant step in GMX's long-term vision of delivering high-performance decentralized trading across major public blockchains. It extends GMX's reach to more than 1.3 million Base users, signaling a wider industry trend toward interoperable and borderless financial ecosystems.
