The GMX community proposes to deploy GMX on Base to gain a first-mover advantage

ChainCatcher news, the GMX community has initiated a proposal indicating that GMX has proven to be a foundational layer for DeFi on Arbitrum. Base, along with the Coinbase ecosystem, is expected to attract funds for GLP and promote the use of the GMX leveraged trading platform. Therefore, deploying GMX on Base can gain more first-mover advantages.

It is reported that Base is the Ethereum L2 network launched by Coinbase in February, currently in its testnet version. Defillama data shows that GMX currently has a TVL of $492 million, making it the largest DeFi protocol on Arbitrum. (source link)