$GMX the hidden DeFi revenue stream machine ๐
As I said in the past GMX is the #1 perpetual DEX based on revenue
It has over 110M$ in protocol fees in 1Y ๐ฎ๐ฅ
Buyback burnout is live for 2 weeks and 27% from accrued fees burns $GMX โ
We burned in 2 weeks roughly 40K $GMX tokens$GMX has just 9,81M tokens
This will create imense supply shock.
RWA + $SOL ecosystem is about to be integrated โ
This will increase volumes even more!
More volumes, more volatility leads to more protocol fees!
MORE PROTOCOL FEES MEANS MORE BUY PRESSURE ON $GMX
This protocol will be valued in 4 digits. Yes i expect $GMX to cross 1.000$ mark. ๐
We have burned in 2 weeks 0,004% of all tokens in circulation.
Calculation:
39.464 burned tokens / 9,81M tokens circulating = 0,004% burned in 2 weeks
If volumes, protocol fees & $GMX price remains the same this means 0,2% tokens get burned per 1 week.
This means in 1y we will burn 10,4% of $GMX TOKEN SUPPLY ๐ฎ๐ฅ
$GMX is time ticking moonshot ๐๐
Buy it when it's still a double digit asset is my suggestion. by buying my crypto strategy you are exposed nearly 20% to $GMX.
This post is just dedicated to $GMX. All individual assets get evaluated on specific time frames. make sure to follow me to get in depth analysis ๐