For those who are deep into the DeFI ecosystem, we all witnessed the hype that got $GMX these past month. The token went from 37$ this 3rd October to nearly 60$ following the announcement of its listing on Binance, then FTX,Crypto. com etc.
For me the hype was obvious and the platform is very far from reaching its peak yet since they created a very strong community and the team announced some next features (X4 and Synthetics) that are expected to be huge.
But most important, the team proved how they can be innovative and hard workers even during tough times.
While we saw the collapse of one of the two biggest CEX (Centralised Exchange), FTX, traders and investors lost a lot of money and realized how the quote
“Not your keys not your coins” can be true.