As the cryptocurrency market continues to grow, there is an increasing number of decentralized exchanges (DEXs) entering the market. Two of the most popular ones are GMX on the Arbitrum blockchain and Uniswap on the Ethereum blockchain.
This article analyzes the similarities and differences between the two, focusing on their unique features and how they operate as DEXs.
For investors looking for information about the bulls in the market, there is also the launch of Big Eyes Coin, a new DeFi meme token that will be launched on the Ethereum network and available for trade on Uniswap. It has announced the end of its presale, but not before they give users a chance to win rewards.
GMX on Arbitrum
GMX has several unique features that distinguish it from other DEXs. First, it offers gasless trading, meaning users do not need to pay transaction fees in gas. Instead, the fees are paid in GMX tokens, reducing the overall cost of trading.
Additionally, GMX offers a single-sided liquidity provision, allowing users to provide liquidity to the platform without needing to hold both sides of the trading pair.
Finally, GMX also offers leveraged trading, allowing users to amplify their trading position up to 5x. It is this function which grants it its ‘perpetual’ DEX name.
Uniswap on Ethereum
Uniswap also has unique features that set it apart from other DEXs. Firstly, Uniswap has a highly decentralized governance model, allowing holders of its governance token, UNI, to participate in platform decision-making.
Secondly, Uniswap has become the go-to platform for trading tokens built on the Ethereum blockchain, with many cryptocurrency projects choosing to launch their tokens on the exchange.
Finally, Uniswap offers a mobile application, making it easy for users to trade on-the-go.
Big Eyes Coin Nearing its Successful Presale
Big Eyes Coin (BIG) is a new DeFi Memecoin that will operate similarly to GMX and Uniswap. It is a perpetual DEX, allowing users to trade without an expiration date. Big Eyes Coin offers transactions that are free of buying and selling tax, and the initial supply will be locked in a liquidity pool for 2 years.
Big Eyes Coin will operate on the Ethereum blockchain, allowing for easy integration with other Ethereum-based applications.
One of the unique features of Big Eyes Coin is its environmental concern. 5% of its total available supply will go to a charity wallet that supports ocean sanctuaries. This is a testament to the fact that BIG intends to give back to its community.
In fact, as a last chance for its users to win rewards before the presale ends on June 3rd, BIG is giving a chance to make a bonus of 300% on every purchase of the token. There is also a ‘Loot Box’ function, where investors can win bigger prizes instead of buying traditionally through the presale. To redeem your 300% bonus, simply use the code END300 when you checkout on the Big Eyes website.
Final Thoughts
Both GMX and Uniswap offer unique features that set them apart from other decentralized exchanges: while GMX focuses on gasless and leveraged trading, Uniswap focuses on decentralized governance and mobile accessibility.
Big Eyes Coin offers a new option for investors and will be available to buy and sell on Uniswap soon. With standout features like tax-free transactions, liquidity-locked supply and their charitable endeavors, BIG provides investors with a great option heading into the next altseason of 2023.
Find out more about Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL