Last week, the Defi trading center GMX earned more than $5 million in fees within 24 hours-temporarily making it the largest fixed income in decentralized finance (Defi) and even leading ethernet blockchain technology.

According to GMX dashboard data, GMX charges a total of $120 million since September 2021, which may mean the most basic overall strength of GMX local tokens.

The fee is shared equally between the two major tokens of GMX, GMX and GLP. GMX is a public utility and governance token, deducting 30% of the fees caused by the service platform, while Ping an Real Estate is a negotiable service provider token, accumulating 70% of the fees caused by the service platform.

During this period, the cost of the ether reached $4.7 million. This fee comes from users' actions on Etherum, such as buying, selling or selling ERC-20 tokens.

However, this cost does not include the cost resulting from the use of the ether itself. Uniswap, for example, charges users more than $1 million.

Defi goods like GMX provide financial information services such as transaction loans to users through blockchain smart contracts. GMX allows users to trade financial derivatives of futures or spot tokens in a trading center with a leverage ratio of up to 50 times the original collateral.

The advantages of low slip rate, affordable cost and preventing unnecessary settlement of GMX are all one of the reasons why DEX is so popular. As of Monday, the company had determined to use tokens worth more than $500m, of which $455 million was used for hedging arbitrage and the rest for landslides.

As a result, some members of the Crypto Twitter community suggest that part of the $5m gain last Friday came from Andrew Kang, the founder of machinery and equipment assets, who paid off her multimillion-dollar bitcoin and Ethernet trading positions on GMX.

In addition, Etherum's return to the first place on Monday generated more than $3 million in fees within 24 hours.