GMX price

Deep Dive into DRIP: Arbitrum is launching a DeFi "Revival War" with 80 million $ARB While other projects are still using the old trick of "distributing rewards to attract TVL", "@arbitrum" has directly thrown out a complete system engineering— DRIP (DeFi Revival Incentive Program) ➤ First, let's look at the results, which are impressive: Since DRIP launched (as of October 2025), the data is indeed remarkable: At the beginning of September (Epoch 1–2): It took off right after launch, with Morpho's scale increasing from 40 million to 162 million USD (3x); total TVL across the chain increased by 11%, and stablecoin lending rose by 41%. On October 1 (Epoch 3): Transitioned to the "performance phase", with 1.2 million ARB allocated; Morpho/Fluid/Euler annualized rates generally around 11–13%, ETH supply up by 5%, and qualified USD assets exceeding 600 million. On October 15 (Epoch 4): Continued to soar, with stablecoins increasing by 700 million in a single month, and Morpho deposits surpassing 400 million; thBILL directly became the largest USD asset on-chain (~65 million). Zooming out a bit, the entire chain is also speeding up: TVL increased from 3.21 billion to 3.39 billion, DEX daily trading volume >1 billion, lending fees increased weekly by 14–47%, and RWA AUM reached 420 million (weekly increase of +13%). This is not just a slogan; real data is in motion. ➤ Directional Competition: Stronger Ecosystem Interaction The spillover effects of DRIP are also very evident: INFINIT AI launched a one-click looping script, completing over 20 steps with just one click, much to the delight of those with clumsy hands; Concrete launched a yield optimization plan, making strategies more efficient; Derivatives assets like Pendle and GMX have also entered the incentive pool; On October 8, an X Spaces event was held to discuss "DeFi Revival" with Silo and KelpDAO. This wave is not just a single point of explosion, but a collective upgrade of the entire ecosystem. DRIP has already created a new template; DeFi incentives do not necessarily have to rely on distributing money, but can depend on structural design and efficiency incentives, allowing funds to flow more intelligently. If the last round of DeFi relied on "traffic + stories", then the next round will likely depend on this productivity-based incentive mechanism.

Among all crypto projects conducting token buybacks, GMX has repurchased the largest share of its total supply — 12.9%. More than 1.33 million tokens have been bought back year-to-date, under the buyback-and-distribute model that rewards GMX stakers. 1/3 🔽