GMX Launches Injective (INJ) Perpetual Contracts on Arbitrum with Up to 50x Leverage

On December 27th, COINOTAG News reported that the decentralized derivatives platform GMX has successfully launched Injective (INJ) perpetual contracts on the Arbitrum network. This strategic move enables traders to engage in high-leverage trading, offering up to 50x leverage. The introduction of these perpetual contracts is expected to enhance liquidity and provide a robust trading environment. By integrating with Arbitrum, GMX aims to leverage the network’s capabilities to offer faster and more cost-effective transactions, appealing to both retail and institutional investors alike. As the demand for decentralized finance (DeFi) solutions continues to surge, GMX is positioning itself at the forefront of the derivatives market, capitalizing on the growing interest in blockchain technology and crypto trading.