Convex Finance vs GMX — how do they compare? Convex Finance trades at Rp22,158 (market cap Rp2,18T, Rp95,52M 24h volume), while GMX trades at Rp102,020 (market cap Rp1,06T, Rp44,65M 24h volume). The key difference: Convex Finance is far larger — about 2.1× GMX's market cap, and GMX's supply is capped (10,4M / 13,3M GMX (79%)) while Convex Finance's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Convex Finance for 29 Days and GMX for 45 Days on average.
| CVX | GMX | |
|---|---|---|
Market Cap | Rp2,18T | Rp1,06T |
Volume (24h) | Rp95,52M | Rp44,65M |
Circulating Supply | 98,7M CVX | 10,4M / 13,3M GMX (79%) |
Typical Hold Time | 29 Days | 45 Days |
Convex Finance is a DeFi protocol that allows Curve liquidity providers to earn a share of trading fees on Curve without staking liquidity there.
Read more on CVX →GMX is a decentralized exchange (DEX) for trading perpetual cryptocurrency futures with up to 50X leverage on popular cryptocurrencies like BTC, ETH and more. The platform launched in September 2021 as Gambit Exchange. To date, GMX has a total trading volume of over $130B and 283K total users, making it the leading derivatives DEX on Arbitrum and Avalanche.
Read more on GMX →