DEX token GMX rallies 31% after beating Uniswap on trading fees for the first time

Notably, GMX earned about $1.15 million in daily trading fees on Nov. 28, which surpassed Uniswap’s $1.06 million in trading fees on the same day.

The decentralized exchange’s revenue rose by 107% to $5 million in November, boosted by a 128% increase in annualized trading volume and a 31% rise in daily active users. GMX, the platform’s token, is up 15% in 1 week and 31% in 1 month.