Arbitrum: USDG Supply on GMX Grows to Nearly $17 Million

on November 6, according to Arbitrum, the size of USDG on GMX increased from approximately $1.5 million in early October to nearly $17 million, representing a roughly 10-fold increase in less than a month.

Arbitrum stated that this growth stems from USDG integrating with the GM pool and GMX Dollar Vault, covering trading across BTC, ETH, and SOL markets. Data in the accompanying image is credited to Entropy Advisors.