Mux Protocol is a decentralized leverage trading platform built on the Ethereum blockchain and supported by other blockchains such as Arbitrum, BNB Chain, Avalanche, and Fantom.
Comparing transaction costs on Mux with other platforms like GMX and GNS, we can see that the transaction fees for opening/closing orders on Mux are only 0.056%, with a price deviation of 0%, optimizing costs for users. For GMX, users would have to pay a 0.1% transaction fee for opening/closing positions and 0.08% for GNS. MUX has recently received funding from Optimism, allowing the platform to reduce transaction fees by 20%, making Mux an ideal platform for trading in the market. Furthermore, the liquidity aggregation tool on Mux allows users to increase leverage on GMX up to 100x, while Mux Protocol's "Liquidation Price Optimization" feature enables users to have better liquidation prices on GMX.
Mux Protocol is one of the noteworthy projects that have developed within the Arbitrum ecosystem. In the future, I will monitor user adoption and platform utility enhancements to determine whether it is worth investing in or not. Show Less
6
