With the continuous expansion of the cryptocurrency market, numerous decentralized exchanges (DEXs) are now entering the market. Among the most popular ones are GMX, which operates on the Arbitrum blockchain, and Uniswap, which operates on the Ethereum blockchain.
This article delves into the differences and similarities between the two DEXs, with a particular focus on their unique features and operational mechanisms.
Investors who seek insights into bullish trends in the market can find relevant information in the launching of Big Eyes Coin, a new DeFi meme token. The coin will be available for trading on Uniswap after its launch on the Ethereum network. Although its presale has concluded, users still have a chance to win rewards.
Unpacking GMX: A Closer Look at Arbitrum’s Native Exchange
GMX sets itself apart from other DEXs with a range of unique features. One of these is its gasless trading, which eliminates the need for users to pay transaction fees in gas. Instead, they can pay fees using GMX tokens, ultimately reducing trading costs.
Another standout feature of GMX is its single-sided liquidity provision, which enables users to provide liquidity to the platform without holding both sides of the trading pair.
Last but not least, GMX facilitates leveraged trading that enables users to amplify their trading position by up to 5 times. This feature gives it the title of a ‘perpetual’ DEX.
Uniswap on Ethereum: The Future of Decentralized Trading
Uniswap boasts a variety of unique features that differentiate it from other DEXs. One of its notable traits is its highly decentralized governance model, which enables UNI token holders to participate in platform decision-making.
Moreover, Uniswap has emerged as the preferred platform for trading tokens built on the Ethereum blockchain. Many cryptocurrency projects opt to launch their tokens on the exchange.
Lastly, Uniswap offers a mobile application that simplifies trading on-the-go for users.
Big Eyes Coin: A Promising DeFi Meme Token on the Horizon
Big Eyes Coin (BIG) is a new DeFi memecoin that operates similarly to GMX and Uniswap, serving as a perpetual DEX with no expiration date. Transactions on the platform are free of buying and selling tax, and the initial supply will be locked in a liquidity pool for 2 years.
BIG will run on the Ethereum blockchain, ensuring seamless integration with other Ethereum-based applications.
One unique aspect of BIG is its focus on environmental preservation, as 5% of its total available supply will go to a charity wallet supporting ocean sanctuaries. This highlights BIG’s commitment to community engagement.
As the presale comes to an end on June 3rd, BIG is providing users with a final opportunity to earn rewards. With a bonus of 300% on every token purchase, investors can benefit from the ‘Loot Box’ function, which offers bigger prizes rather than traditional presale purchases. To claim the 300% bonus, users can apply the code END300 upon checkout on the Big Eyes website.
Final Thoughts
GMX and Uniswap are distinct from other decentralized exchanges with their unique features. GMX prioritizes gasless and leveraged trading, while Uniswap focuses on decentralized governance and mobile accessibility.
Big Eyes Coin introduces a fresh investment option for traders, with its upcoming availability on Uniswap. Offering tax-free transactions, a liquidity-locked supply, and a charitable initiative, BIG stands out as a promising option for investors 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