As the year 2022 wraps up, it has become evident that the native token of a decentralized cryptocurrency exchange has been on a tear. Data from Benzinga Pro shows that the biggest gainer has been GMX (GMX/USD), which has skyrocketed more than 102% and is currently trading at $45.
What Was Done: Cryptocurrency Apex Bitcoin (BTC/USD), Ethereum (ETH/USD) and Dogecoin (DOGE/USD) were not even in the list of the top 100 gainers by market capitalization as of 2:20 EST on December 26.
| Cryptocurrency | Gains | Price |
|---|---|---|
| GMX | +102% | $45 |
| Trusted wallet | +72% | $1.38 |
| LION | +1.3% | $3.60 |
The soaring popularity of GMX was due to the collapse of FTX. Users have realized the value of decentralized exchanges to safeguard their funds and protect them from being blocked.
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The second biggest gainer is the native token of Trusted wallet (TWT/USD). This news saw a 72% increase in its traffic.
Another DeFi platform that went up despite the market decline is UNUS SED LEO (LEO/USD). Although it only saw gains of 1.3%, it still outperformed the top 100 cryptocurrencies in terms of market capitalization.
| Cryptocurrency | Losers | Price |
|---|---|---|
| Terra Luna Classic | -100% | $0.000148734717 |
| Solarium | -94.1 |