Total Value Locked$25.21m
TVL by Chain
Solana$25.21m
Key Metrics
Fees 30d$4.03m
Fees 30d by chain
Solana$4.03m
Fees 7d$536,484
Solana$536,484
Fees 24h$4,633
Solana$4,633
Cumulative Fees$24.84m
Solana$24.84m
Revenue 30d$3.99m
Revenue 30d by chain
Solana$3.99m
Revenue 7d$531,119
Solana$531,119
Revenue 24h$4,587
Solana$4,587
Cumulative Revenue$10.6m
Solana$10.6m
Holders Revenue 30d$3.72m
Holders Revenue 30d by chain
Solana$3.72m
Holders Revenue 7d$530,621
Solana$530,621
Holders Revenue 24h$4,587
Solana$4,587
Cumulative Holders Revenue$4.86m
Solana$4.86m
Perp Volume 30d$24.059b
Perp Volume 30d by chain
Solana$24.059b
Perp Volume 7d$2.452b
Solana$2.452b
Perp Volume 24h$15.57m
Solana$15.57m
Cumulative Perp Volume$191.457b
Solana$191.457b
Open Interest$186.61m
Protocol Information
GMTrade is a perpetual DEX built on Solana that supports both crypto and RWA markets. The protocol utilizes isolated liquidity pools combined with a cross-pool coordination system that optimizes liquidity utilization. It aims to provide a seamless trading experience with fast execution and low fees while maintaining security and decentralization.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Opening/closing fees for perpetual positions, swap fees, liquidation fees, and borrowing feesView code on GitHubRevenue: 99% of all collected fees since 28 September 2026 (GT Buyback Season 2), 25% from 16 January 2026, 70% before.View code on GitHubHolders Revenue: Daily GT buyback funded by the treasury: 36% of fees from 16 March 2025 to 15 January 2026 (actual amounts on the 14-15 March 2025 launch days), 0 before that and from 16 January 2026, and since 28 September 2026 (GT Buyback Season 2) the GT sold to the treasury that day at the GT minting cost, capped at 99% of fees. GT is GMTrade's own token, not GMX.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubYields
Pools Tracked74
Average Supply APY0.62%
User Activity
Active Addresses (24h)855
Competitors
GMX Solana history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 18, 2025 to Nov 1, 2026.
All-time high TVL: $46.12m on Jun 4, 2026. All-time low TVL: $226,045 on Mar 7, 2025.
Daily TVL, Oct 3, 2026 to Nov 1, 2026
| Date | TVL |
|---|---|
| Oct 3, 2026 | $29.38m |
| Oct 4, 2026 | $29.37m |
| Oct 5, 2026 | $29.05m |
| Oct 6, 2026 | $28.37m |
| Oct 7, 2026 | $28.27m |
| Oct 8, 2026 | $27.91m |
| Oct 9, 2026 | $27.79m |
| Oct 10, 2026 | $27.84m |
| Oct 11, 2026 | $27.84m |
| Oct 12, 2026 | $27.8m |
| Oct 13, 2026 | $27.22m |
| Oct 14, 2026 | $27.08m |
| Oct 15, 2026 | $26.82m |
| Oct 16, 2026 | $26.5m |
| Oct 17, 2026 | $26.73m |
| Oct 18, 2026 | $26.64m |
| Oct 19, 2026 | $26.66m |
| Oct 20, 2026 | $26.59m |
| Oct 21, 2026 | $26.25m |
| Oct 22, 2026 | $26.49m |
| Oct 23, 2026 | $26.46m |
| Oct 24, 2026 | $26.5m |
| Oct 25, 2026 | $26.53m |
| Oct 26, 2026 | $26.54m |
| Oct 27, 2026 | $26.33m |
| Oct 28, 2026 | $25.93m |
| Oct 29, 2026 | $25.79m |
| Oct 30, 2026 | $25.26m |
| Oct 31, 2026 | $25.23m |
| Nov 1, 2026 | $25.2m |
TVL at each month end, Feb 2025 to Nov 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $254,059 |
| Mar 31, 2025 | $5.37m |
| Apr 30, 2025 | $5.91m |
| May 31, 2025 | $5.65m |
| Jun 30, 2025 | $5.23m |
| Jul 31, 2025 | $5.23m |
| Aug 31, 2025 | $6.3m |
| Sep 30, 2025 | $6.35m |
| Oct 31, 2025 | $6.23m |
| Nov 30, 2025 | $7.03m |
| Dec 31, 2025 | $7.71m |
| Jan 31, 2026 | $12.18m |
| Feb 28, 2026 | $14.42m |
| Mar 31, 2026 | $16.2m |
| Apr 30, 2026 | $31.93m |
| May 31, 2026 | $43.51m |
| Jun 30, 2026 | $37.16m |
| Jul 31, 2026 | $35.89m |
| Aug 31, 2026 | $30.21m |
| Sep 30, 2026 | $27.94m |
| Oct 31, 2026 | $25.23m |
| Nov 1, 2026 (latest) | $25.2m |
Fees, revenue and holders revenue by UTC calendar month, Feb 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Feb 2025 | $3,062 | $2,144 | $0 |
| Mar 2025 | $1.15m | $806,434 | $86,762 |
| Apr 2025 | $61,115 | $42,780 | $22,003 |
| May 2025 | $27,672 | $19,367 | $9,963 |
| Jun 2025 | $10,318 | $7,222 | $3,714 |
| Jul 2025 | $96,242 | $67,372 | $34,647 |
| Aug 2025 | $15,496 | $10,844 | $5,580 |
| Sep 2025 | $14,580 | $10,209 | $5,250 |
| Oct 2025 | $20,264 | $14,180 | $7,292 |
| Nov 2025 | $23,992 | $16,797 | $8,640 |
| Dec 2025 | $23,666 | $16,564 | $8,521 |
| Jan 2026 | $120,731 | $32,763 | $2,062 |
| Feb 2026 | $604,999 | $151,251 | $0 |
| Mar 2026 | $1.19m | $296,341 | $0 |
| Apr 2026 | $1.59m | $398,220 | $0 |
| May 2026 | $3.24m | $809,438 | $0 |
| Jun 2026 | $2.81m | $701,466 | $0 |
| Jul 2026 | $3.05m | $761,262 | $0 |
| Aug 2026 | $3.18m | $794,335 | $0 |
| Sep 2026 | $3.37m | $1.43m | $724,795 |
| Oct 2026 | $4.25m | $4.21m | $3.94m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/gmx-solana
Frequently asked questions
What is GMX Solana's TVL?
As of Nov 1, 2026, GMX Solana has $25.21m in total value locked. TVL has decreased 11.2% over the past 30 days.
What chains does GMX Solana operate on?
GMX Solana operates on Solana. Solana holds the largest share at 100%.
How much has GMX Solana generated in fees and revenue?
Over the past 30 days, GMX Solana generated $4.03m in fees. Of that, $3.99m was protocol revenue. Based on the trailing year, the annualized rate is $23.44m in fees and $9.62m in revenue.
How does GMX Solana's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, GMX Solana ranks #13 by TVL. The category holds $1.904b across 421 protocols, and GMX Solana accounts for 1.3% of that total. Similar protocols include Jupiter Perpetual Exchange, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Cardboard Trade, Parcl V3, Drift Trade, Lavarage, and Wasabi Perps.
How much perpetual futures volume does GMX Solana process?
GMX Solana processed $24.059b in perpetual futures volume over the past 30 days.