GMX and dYdX are the two largest perps DEXs in terms of TVL, m | NFT gems
GMX and dYdX are the two largest perps DEXs in terms of TVL, making up over 84% of the subsector’s TVL. GMX has consistently outperformed and surpassed dYdX in TVL mainly due to its revenue-sharing scheme with stakers of GMX and GLP tokens
