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GMX(GMX)

Total Value Locked$243.43m

TVL by Chain

Arbitrum$205.31m

Solana$27.55m

Avalanche$10.33m

MegaETH$240,806

Botanix$0

Key Metrics

Fees 30d$5.24m
Fees 30d by chain

Solana$4.13m

Arbitrum$998,047

Avalanche$112,626

MegaETH$36.51

Fees 7d$1.51m

Solana$1.25m

Arbitrum$238,516

Avalanche$16,932

MegaETH$15.36

Fees 24h$45,512

Arbitrum$25,413

Solana$18,239

Avalanche$1,847

MegaETH$13

Cumulative Fees$489.45m

Arbitrum$384.11m

Avalanche$82.74m

Solana$22.58m

MegaETH$18,399

Revenue 30d$1.44m
Revenue 30d by chain

Solana$1.03m

Arbitrum$369,277

Avalanche$41,668

MegaETH$13.38

Revenue 7d$407,269

Solana$312,749

Arbitrum$88,250

Avalanche$6,265

MegaETH$5.57

Revenue 24h$14,652

Arbitrum$9,403

Solana$4,560

Avalanche$684

MegaETH$4.70

Cumulative Revenue$157.86m

Arbitrum$125.98m

Avalanche$25.58m

Solana$6.3m

MegaETH$6,806

Holders Revenue 30d$299,892
Holders Revenue 30d by chain

Arbitrum$269,474

Avalanche$30,409

MegaETH$9.78

Solana$0

Holders Revenue 7d$68,976

Arbitrum$64,401

Avalanche$4,572

MegaETH$4.08

Solana$0

Holders Revenue 24h$7,364

Arbitrum$6,862

Avalanche$499

MegaETH$3.43

Solana$0

Cumulative Holders Revenue$135.33m

Arbitrum$110.63m

Avalanche$24.5m

Solana$194,434

MegaETH$4,967

Incentives 1y$260,086

Incentives 30d$34,044

Incentives 7d$16.55

Incentives 24h$0

Cumulative Incentives$40.16m

Earnings (Annualized)$14.9m

Earnings 30d$1.41m

Earnings 7d$407,252

Earnings 24h$14,652

Cumulative Earnings$117.7m

DEX Volume 30d$53.1m
DEX Volume 30d by chain

Arbitrum$49.07m

Avalanche$4.03m

MegaETH$112.91

DEX Volume 7d$11.72m

Arbitrum$11.43m

Avalanche$295,887

MegaETH$105.05

DEX Volume 24h$1.33m

Arbitrum$1.31m

Avalanche$12,916

MegaETH$104

Cumulative DEX Volume$23.237b

Arbitrum$17.673b

Avalanche$5.377b

Solana$185.46m

Botanix$863,503

MegaETH$121,062

Perp Volume 30d$26.797b
Perp Volume 30d by chain

Solana$25.437b

Arbitrum$1.231b

Avalanche$128.18m

MegaETH$31,385

Perp Volume 7d$8.553b

Solana$8.237b

Arbitrum$295.48m

Avalanche$20.44m

MegaETH$5,500

Perp Volume 24h$78.49m

Solana$43.16m

Arbitrum$33.21m

Avalanche$2.11m

MegaETH$843

Cumulative Perp Volume$515.871b

Arbitrum$307.546b

Solana$178.888b

Avalanche$29.404b

MegaETH$26.8m

Botanix$6.04m

Open Interest$169.58m

Market Cap$86.39m

$GMX Price$8.25

All Time High$91.07

All Time Low$4.81

View $GMX token page

Fully Diluted Valuation$86.39m

Outstanding FDV$109.31m

$GMX Volume 24h$3.59m

CEX Volume$2.3m

DEX Volume$1.46m(40.59% of total)

Staked$50.51m(58.47% of mcap)

Treasury$24.26m

Majors$9.3m

Stablecoins$10.49m

Own Tokens$2.58m

Others$1.9m

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Protocol Information

GMX is a leading onchain exchange for perpetual and spot trading, offering deep liquidity, low fees, multi-chain support, and seamless one-click trading. Powered by isolated and multi-asset pools, the permissionless DEX enables anybody to provide liquidity and integrates with 80+ DeFi projects across Arbitrum, Avalanche, and Solana.

Websitegmx-iogmsol-labsX/Twitter
Categories:DerivativesDexs
Products:

Yields

Pools Tracked208

Average Supply APY6.98%

User Activity

Active Addresses (24h)1,839

New Addresses (24h)0

Transactions (24h)3,000

Gas Used (24h)11.32 ETH

Gas Cost (24h)$916

Methodology

TVL: Total value of all coins held in the smart contracts of the protocol

Fees:

GMX V1 Perps - Fees from open/close position (0.1%), swap (0.2% to 0.8%), mint and burn (based on tokens balance in the pool) and borrow fee ((assets borrowed)/(total assets in pool)*0.01%)View code on GitHubGMX V2 Perps - Fees from opening/closing perpetual positions, borrowing fees, swap fees, liquidation fees, and positive price impact distributed from the impact pool, decoded from EventEmitter logsView code on GitHubGMX Solana - Opening/closing fees for perpetual positions, swap fees, liquidation fees, and borrowing feesView code on GitHub

Revenue:

GMX V1 Perps - Revenue is 30% of all collected fees, which goes to GMX stakersView code on GitHubGMX V2 Perps - 37% of all collected fees - split between protocol treasury (10%) and GMX token holders (27%)View code on GitHubGMX Solana - 25% of all collected fees since 16 January 2026, 70% before.View code on GitHub

Holders Revenue:

GMX V1 Perps - 30% of all collected fees goes to GMX stakersView code on GitHubGMX V2 Perps - 27% of all fees goes to GMX token stakersView code on GitHubGMX Solana - 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 and since 16 January 2026. GT is GMTrade's own token, not GMX.View code on GitHub

DEX Volume: Volume of all spot token swaps on the DEX

Perp Volume: Notional volume of all trades including leverage on the perp exchange

Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.

Earnings: Revenue of the protocol minus the incentives distributed to users

Hacks

Date: Sep 18, 2022

Protocol: GMX V1 Perps

Amount: $565,000

Classification: Market Manipulation

Technique: Stale Price Arbitrage

Chains: Arbitrum

Language: Solidity

Target Type: DeFi Protocol

Date: Jul 9, 2025

Protocol: GMX V1 Perps

Amount: $42m

Classification: Reentrancy

Technique: Reentrancy

Chains: Arbitrum

Language: Solidity

Target Type: DeFi Protocol

Returned Funds: $40m

Frequently asked questions

What is GMX's TVL?

GMX currently has $243.43m in total value locked. TVL has increased 3.1% over the past 30 days.

What chains does GMX operate on?

GMX operates on 5 chains: Avalanche, Arbitrum, MegaETH, Botanix, and Solana. Arbitrum holds the largest share at 84.3%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $5.24m in fees. Of that, $1.44m was protocol revenue. Based on the trailing year, the annualized rate is $47.77m in fees and $15.16m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $8.25. Its circulating market capitalization is $86.39m, ranking it #447. Its fully diluted valuation is $86.39m. Supply currently stands at 10.47m circulating, 10.47m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is down 2.4% over the past 7 days and up 6.7% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 90.9% below that level.

Which protocols are included in GMX?

GMX is a parent protocol whose tracked products include GMX V2 Perps, GMX Solana, GMX V1 Perps, GMX V1 AMM, and GMX V2 AMM.

How much trading volume does GMX process?

GMX processed $53.1m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $24.26m. Its holdings include $10.49m in stablecoins, $9.3m in major assets, $2.58m in its own tokens, $1.9m in other assets.

Has GMX ever been exploited?

GMX has 2 recorded security incidents. The most recent incident occurred on Jul 9, 2025 and involved $42m. It was classified as Reentrancy.