Decentralized finance exchange GMX logged fees of over $5 million in a 24-hour period over the weekend – temporarily making it the largest revenue generator in DeFi, ahead of even the Ethereum blockchain.shows – which may signal fundamental strength for GMX’s native tokens.
Ethereum fees clocked in at $4.7 million over that period. These fees were generated from user actions on Ethereum, such as transactions or issuance of ERC20 tokens.
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