GMX price

Historically, September has often been the darkest month for the crypto world, but this year seems different—projects are clustering for TGE, and Binance Alpha is listing coins one after another. Recently, while browsing the Alpha leaderboard, I noticed $SWTCH, which sounds a lot like Switch, and my instinct as the Hyrule Overlord made me take a closer look. I must say, a good name is also a strategy. Upon further research, I found that $SWTCH is the official token of Switchboard @switchboardxyz—a decentralized oracle network that emphasizes one word: speed. The Surge product reduces latency to 7 milliseconds, allowing for over 500 updates per minute, making it 300 times faster than mainstream oracles. For DeFi, speed means lower slippage, more accurate liquidations, and safer transactions. The data and ecosystem are also quite impressive: it has currently integrated with over 50 Dapps, including Jito, Drift, Kamino, and GMX, protecting assets worth over $5 billion. It raised $11M, with backing from Tribe Capital and RockawayX, along with support from the Solana Foundation, Aptos, Mysten Labs, and Starkware. Currently, $SWTCH is listed on Binance Alpha, Bitget, Kucoin, Gate, HTX, and Solana DEXs (Raydium, Orca, Backpack). Its circulating market cap is about $22M, with an FDV of $130M, still leaving significant room compared to $LINK and $PYTH. After $SWTCH went live, it has been consolidating, and the selling pressure should be about over; today shows signs of recovery, especially since it raised $11M. *** This tweet does not constitute any investment advice, DYOR.

This week's live stream on 9/18 (Thursday) at 9 PM will feature a special on Perpetual DEXs 📈 In this vol.1 stream, we plan to mainly explain the history of Perp 😼💭 We'll also introduce @dYdX, @GMX_IO, and the recently popular @HyperliquidX and @Aster_DEX!!