This Bing Ventures research article will take GMX v2 as a starting point to discuss the evolution of the competitive landscape and future trends in the decentralized derivatives market, focusing on GMX and its main competitors.

The maturity of DeFi makes it possible to approach a zero point that breaks the dimensional barrier. A large amount of traditional capital has gradually built trust while observing the development of DeFi, but there is still no mature entry point that is "risk-free."