Source: TheMerkle.com
As of July 1, 2024, data from @IntotheBlock reveals that $GMX is leading the Total Value Locked (TVL) category among derivative protocols with an impressive $517.97 million.
Following $GMX, Synthetix holds $453.80 million, and dYdX comes in third with $308.82 million in TVL.
Emerging protocols are also showing significant growth. Vertex Protocol boasts a TVL of $90.99 million, while ApeX follows closely with $88.41 million. This rising TVL underscores strong
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Source: TheMerkle.com