GMX (GMX)
GMX is a decentralized derivatives and spot trading protocol built for users who want to trade directly from a self-custody wallet. The exchange supports perpetual futures markets across a broad range of crypto assets and offers leverage trading without requiring users to deposit funds with a centralized intermediary. It is best known for its presence on Arbitrum and Avalanche, and it has expanded its infrastructure to Solana while working toward broader multichain access across major EVM networks.
The protocol is designed around on-chain liquidity rather than a traditional centralized order book. Trading is supported by liquidity pools that allow market participants to supply assets and earn a share of fees generated by swaps and leveraged positions. GMX has developed isolated GM pools for individual markets and GLV vaults intended to improve capital efficiency across liquidity strategies. This structure helps separate risk between markets while giving liquidity providers more targeted exposure.
GMX’s appeal lies in combining DeFi self-custody with a trading experience aimed at active market participants. Users can access long and short positions, trade crypto assets on-chain, and interact with the protocol through compatible wallets. The GMX token is associated with governance and protocol incentives within the ecosystem, giving holders exposure to decisions and reward mechanisms tied to the platform. In a market where decentralized perpetual exchanges compete on liquidity, execution quality, fees, and chain coverage, GMX stands out as one of the more established on-chain venues for leveraged crypto trading.
Last updated
- Market Cap
- $54.9M
- Fully Diluted Valuation
- $54.9M
- 24 Hour Trading Vol
- $5.8M
- Circulating Supply
- 10.4M
- Total Supply
- 10.4M
- Max Supply
- 13.3M
GMTrade’s On-Chain Robinhood: From Solana Perps to Real-World Asset Trading
GMX: Funding Costs on GMX are Now Much Lower
Binance Leverage will remove some trading pairs, including LSK/USDC and HEI/USDC.
GMX: A New Chapter for GMX Labs: CEO Appointed as Strategic Plan Progresses
GMX: MEGA/USD Perps are Now Live — Plus GMX is Featured in MegaETH's Points Campaign Terminal
GMX: WTI, Brent, and Natural Gas Markets are Now Available 24/7 on GMX
GMX: Trading Fees on Gold and Silver Reduced to Just 1/2 bps During Market Hours
GMX Rolls Out 24/7 Gold and Silver Trading
GMX: 24/7 Gold & Silver Perp Markets Live on GMX, Powered By Chainlink
Hyperliquid's perpetual contract market share has risen to nearly 6%, continuing to erode the market share of centralized exchanges.
MegaETH released an investor memo announcing several new products and projects to be launched in April.
ZachXBT Investigation Report: Circle Fails Compliance Multiple Times, Involved Amount Exceeds $420 Million
Hyperliquid continues to gain market share on CEXs, with its perpetual contract market share approaching 6%.
Hyperliquid continues to capture CEX market share, with the perpetual contract market share approaching 6%.
GMX Launches Chainlink-Powered Perpetual Markets on MegaETH for Real-Time DeFi Trading
GMX: GMX is now live on MegaETH: trade high-speed Perps and earn in the USDm liquidity vault
GMX DAO disclosed that it had spent a total of $320,000 to repurchase 48,300 GMX tokens in March.
GMX: Buyback Transparency & Staking Power: Live Now
- Market Cap
- $54,882,925
- Fully Diluted Valuation
- $54,882,925
- 24 Hour Trading Vol
- $5,757,652
- 24h High
- $5.77
- 24h Low
- $5.25
- 24h Change
- -8.05%
- 7d Change
- -14.36%
- 30d Change
- -27.85%
- 1y Change
- -66.18%
- Market Cap Rank
- #409
- Market Cap Rank (rehypothecated)
- #543
- Circulating Supply
- 10,411,341
- Total Supply
- 10,411,341
- Max Supply
- 13,250,000
- All-time high
- $91.07 (-94.21%) · 18 Apr 2023, 11:00
- All-time low
- $5.27 (0.00%) · 5 Jun 2026, 16:40
- Website gmx.io
- Whitepaper docs.gmx.io
- Block explorer arbiscan.io/token/0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a
- Block explorer intel.arkm.com/explorer/token/gmx
- X / Twitter twitter.com/GMX_IO