$84.5bn in volumes push DeFi yields to highest levels in two years

Following a record-setting week with $84.5 billion in volume, the decentralized derivatives sector saw continued momentum as GMX hit $1 billion in trading volume on March 4. GMX offers liquidity providers yields ranging from 11.8% to 105.3% APY across its versions. DeFi yields have reached a new peak, with the market-wide average yield hitting 5.4%.