Reportedly, the Decentralized exchange GMX has been a notable market contender since the FTX debacle. Per Delphi Digital, the platform raised $1.15 million in trading fees, while Uniswap stood at $1.06 million. Moreover, GMX is now the fifth-largest decentralized application, right behind Ethereum, OpenSea, dYdX, and PancakeSwap in the Token Terminal’s dashboard.