GMX's USDG supply surged from about $1.5 million in early October to nearly $17 million within roughly a month. This growth followed Paxos's launch of USDG on the Arbitrum One network on October 6, with GMX as one of the first decentralized finance (DeFi) platforms to integrate the token. The rollout also included the introduction of a GLV USDG vault, enhancing user access and utility. This expansion highlights increasing adoption of USDG in the DeFi space and could signal further growth opportunities.
GMX's USDG supply growth provides context for cryptocurrency market activity on Pluang. For readers following the crypto space, here is Pluang's market snapshot as of Nov 07, 2026 15:41 WIB: out of 50 major cryptocurrencies, 31 rose and 17 fell today. Notable movers include ONE (Harmony) with a price of Rp34 and a 1-day change of +57.40%, SXP (Solar) at Rp37 down -46.27%, and BAL (Balancer) at Rp16.297 up +11.14%.
Arbitrum (ARB) traded at $0.17, rising 0.79% over 24 hours as futures open interest dropped sharply by 20.70% to $32.69 million, indicating reduced futures positioning. Account data from Binance shows a majority of traders are long, but trading volum...
Uniswap (UNI) fell sharply by 9.34% to $6.85, leading declines among major cryptocurrencies over a 24-hour period. The broader crypto market also saw significant losses, with Ethereum-based tokens like Ether.fi and Ondo dropping over 8%, and Bitcoin ...
Monolithic Power Systems reported a strong Q3 with revenue up 63% to $1.2 billion, driven by growing demand for AI accelerators and higher-value power modules. Despite this growth, the stock has fallen sharply due to concerns about the AI sector's su...
Obsidian Energy's Q3 production remained flat despite acquiring Wilson Creek, with unexplained shortfalls and minimal free cash flow, leading to rising net debt. The company aims for 20% production growth by 2027 but lacks clear evidence of sustainab...
Flotek Industries reported its strongest quarter in 12 years, with revenue soaring 104% to $114.4 million. The company raised its 2026 guidance for the third time, signaling confidence in future growth. Data analytics, while only 16% of revenue, cont...
