GMX Launches STX and ORDI Markets on Arbitrum with $3 Million TVL

GMX has launched two new perpetual futures markets on the Arbitrum network, featuring ORDI/USDC and STX/USDC trading pairs. These synthetic markets are unique as they are backed by Bitcoin (BTC) instead of Ethereum (ETH). The launch has already attracted a combined total value locked (TVL) of $3 million on GMX v2. Users can trade these assets using BTC as collateral or provide liquidity to earn pool fees and ARB rewards with a 10% discount.