GMX price

Come, come, come! @Solana_zh 💰💰💰 I'm here to give away money again! (Studios, please stay away, don't take a slice of our cake) 🔔 Friends who previously played SolanaID with me, there's a benefit for you now! 💹 Up to $400+ for free ✈️ 🔔 Let me formally introduce Adrena @AdrenaProtocol 🛜 In the world of DeFi, derivatives trading is gradually becoming the next big thing. 🌀 However, Adrena is one of the most noteworthy decentralized contract trading platforms in the Solana ecosystem. 💪 It not only breaks the monopoly of traditional CEX models but also reconstructs the trading experience in a fairer and more efficient way. ❌ You should know that when you open a 10U 100x leverage contract on an exchange, in most cases, your profit isn't enough to cover the fees. ✅ But now with Adrena, this situation will change! ✅ Break the high-fee barriers of centralized exchanges! Just thinking about it feels great! ❌ You should know that in the year I played contracts, I probably paid hundreds of thousands of dollars in fees! Centralized exchange fees are outrageous! Back to the main topic: 📌 1. What is Adrena? Adrena is a contract trading DEX (decentralized exchange) built on Solana, allowing users to perform leveraged trading (e.g., long/short) while retaining the advantages of on-chain transparency and non-custodial funds. Compared to traditional centralized exchanges (CEX), Adrena has three core features: Users have full control of their assets; the wallet is the account. All transaction records are on-chain and publicly transparent. No registration or KYC is required, truly "Permissionless." ⚙️ 2. Core Mechanism: vAMM + LP Pool Model Adrena adopts a mechanism similar to GMX, using a virtual automated market maker (vAMM) for pricing while using an LP pool as the counterparty. In other words: Traders place orders through vAMM. The LP pool acts as the liquidity provider, hedging traders' positions. The system dynamically adjusts fund allocation based on position profits and losses. This design ensures high liquidity and low slippage, effectively meeting large transaction demands. 🧠 3. Why did Adrena choose Solana? Solana's advantages include: High concurrency (supports thousands of TPS) Extremely low fees (each transaction costs only about $0.0001) Fast block times (block time is only 400 milliseconds) This makes contract trading on Adrena almost "seamless," suitable for high-frequency or strategy-based traders. Additionally, Adrena's deployment fully benefits from Solana's high performance, making contract execution more precise and stable. 💥 4. Feature Overview High Leverage Support: Supports up to 50x leverage trading, catering to users with different risk preferences. On-Chain Limit Orders: Users can set limit orders that automatically execute when the price reaches the set range. Strong Composability: Adrena's contract components are designed to support external protocol integrations, such as automated strategies and aggregators. User-Friendly Interface: The interface mimics CEX, making it easy to get started and reducing the learning curve for users. Community Governance is Live: $ADX token incentives, governance voting, and other modules allow the community to participate in platform development. 🧩 5. Who is Adrena for? Friends who want to try contract trading but don't want to pay high fees, DeFi users who love Solana, Strategy traders who enjoy high-frequency entries and exits, Hunters looking for the next GMX by participating in early-stage projects. ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️ 🌱 Here's the key point, let's take a look at the trading rewards currently offered by Adrena. 🔰 Sponsored by BONK and JITO! Choose your team to participate in the mutagen rewards! ‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️‼️ ✳️ First, let's talk about the collaboration between Adrena and @solanaidentity, giving away 1-10 mutagens! OMG! ❇️ Currently, the estimated price of one mutagen is about $50! SolanaID's NFTs are so cool! ✳️ Of course, currently, doing contract trading with a 1M trading volume can earn you nearly 1.5 mutagens! Rankings and values are shown in the image! I'm talking about the BONK team! Currently, if you choose the JITO TEAM, your mutagen price seems to be slightly higher? The season has 64 days left! --------- If you don't want to trade? Ok, no problem! We have $ADX staking! Enjoy passive income! (See image) In conclusion, this is truly a great project! Let's work together for a decentralized world!

Check out the derivatives issue from @ournetwork__ that just launched for coverage on @DriftProtocol, @GMX_IO, @HyperliquidX, @vertex_protocol, @GainsNetwork_io & @Contango_xyz. Give it a read 🔽