Total Value Locked$200.16m
TVL by Chain
Arbitrum$192.56m
Avalanche$7.37m
MegaETH$231,917
Botanix$0
Key Metrics
Fees 30d$1.31m
Fees 30d by chain
Arbitrum$1.23m
Avalanche$83,372
MegaETH$31.66
Fees 7d$352,385
Arbitrum$332,716
Avalanche$19,663
MegaETH$6.46
Fees 24h$55,463
Arbitrum$51,501
Avalanche$3,962
MegaETH$0.10
Cumulative Fees$165.32m
Arbitrum$154.47m
Avalanche$10.84m
MegaETH$18,403
Revenue 30d$486,546
Revenue 30d by chain
Arbitrum$455,691
Avalanche$30,847
MegaETH$11.59
Revenue 7d$130,386
Arbitrum$123,109
Avalanche$7,275
MegaETH$2.39
Revenue 24h$20,521
Arbitrum$19,057
Avalanche$1,464
MegaETH$0.04
Cumulative Revenue$61.17m
Arbitrum$57.15m
Avalanche$4.01m
MegaETH$6,808
Holders Revenue 30d$355,048
Holders Revenue 30d by chain
Arbitrum$332,533
Avalanche$22,511
MegaETH$8.50
Holders Revenue 7d$95,147
Arbitrum$89,836
Avalanche$5,310
MegaETH$1.75
Holders Revenue 24h$14,976
Arbitrum$13,907
Avalanche$1,069
MegaETH$0.03
Cumulative Holders Revenue$44.64m
Arbitrum$41.71m
Avalanche$2.93m
MegaETH$4,968
Perp Volume 30d$1.777b
Perp Volume 30d by chain
Arbitrum$1.68b
Avalanche$96.89m
MegaETH$25,255
Perp Volume 7d$458.8m
Arbitrum$437.32m
Avalanche$21.48m
MegaETH$2,214
Perp Volume 24h$89.65m
Arbitrum$84.27m
Avalanche$5.37m
Cumulative Perp Volume$192.335b
Arbitrum$184.78b
Avalanche$7.522b
MegaETH$26.82m
Botanix$6.04m
Open Interest$54.64m
Protocol Information
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: 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 GitHubRevenue: 37% of all collected fees - split between protocol treasury (10%) and GMX token holders (27%)View code on GitHubHolders Revenue: 27% of all fees goes to GMX token stakersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubYields
Pools Tracked138
Average Supply APY9.12%
User Activity
Active Addresses (24h)745
Transactions (24h)6,391
Gas Used (24h)10.7 ETH
Gas Cost (24h)$1,680
Competitors
GMX EVM history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 9, 2023 to Nov 5, 2026.
All-time high TVL: $608.21m on Aug 14, 2025. All-time low TVL: $17.32m on Aug 10, 2023.
Daily TVL, Oct 7, 2026 to Nov 5, 2026
| Date | TVL |
|---|---|
| Oct 7, 2026 | $216.51m |
| Oct 8, 2026 | $210.95m |
| Oct 9, 2026 | $209.25m |
| Oct 10, 2026 | $210.19m |
| Oct 11, 2026 | $211.07m |
| Oct 12, 2026 | $213.29m |
| Oct 13, 2026 | $209.5m |
| Oct 14, 2026 | $213.13m |
| Oct 15, 2026 | $210.56m |
| Oct 16, 2026 | $211.91m |
| Oct 17, 2026 | $211.76m |
| Oct 18, 2026 | $212.11m |
| Oct 19, 2026 | $212.16m |
| Oct 20, 2026 | $211.1m |
| Oct 21, 2026 | $213.34m |
| Oct 22, 2026 | $214.95m |
| Oct 23, 2026 | $210.95m |
| Oct 24, 2026 | $209.29m |
| Oct 25, 2026 | $209.4m |
| Oct 26, 2026 | $207.92m |
| Oct 27, 2026 | $207.76m |
| Oct 28, 2026 | $208.81m |
| Oct 29, 2026 | $209m |
| Oct 30, 2026 | $201.65m |
| Oct 31, 2026 | $203.68m |
| Nov 1, 2026 | $203.92m |
| Nov 2, 2026 | $203.93m |
| Nov 3, 2026 | $201.91m |
| Nov 4, 2026 | $203.81m |
| Nov 5, 2026 | $207.64m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $421.72m |
| Jan 31, 2025 | $428.64m |
| Feb 28, 2025 | $353.54m |
| Mar 31, 2025 | $297.02m |
| Apr 30, 2025 | $319.92m |
| May 31, 2025 | $393.25m |
| Jun 30, 2025 | $423.74m |
| Jul 31, 2025 | $463.28m |
| Aug 31, 2025 | $552.01m |
| Sep 30, 2025 | $500.12m |
| Oct 31, 2025 | $454.35m |
| Nov 30, 2025 | $375.29m |
| Dec 31, 2025 | $375.04m |
| Jan 31, 2026 | $351.28m |
| Feb 28, 2026 | $254.29m |
| Mar 31, 2026 | $257.14m |
| Apr 30, 2026 | $237.17m |
| May 31, 2026 | $191.02m |
| Jun 30, 2026 | $169m |
| Jul 31, 2026 | $174.95m |
| Aug 31, 2026 | $204.65m |
| Sep 30, 2026 | $208.71m |
| Oct 31, 2026 | $203.68m |
| Nov 5, 2026 (latest) | $207.64m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $326.95m |
| Dec 31, 2024 | $421.72m |
| Dec 31, 2025 | $375.04m |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $10.4m | $3.85m | $2.81m |
| Jan 2025 | $8.32m | $3.08m | $2.25m |
| Feb 2025 | $7.36m | $2.72m | $1.99m |
| Mar 2025 | $3.57m | $1.32m | $963,222 |
| Apr 2025 | $5.45m | $2.02m | $1.47m |
| May 2025 | $4.73m | $1.75m | $1.28m |
| Jun 2025 | $5.16m | $1.91m | $1.39m |
| Jul 2025 | $5.03m | $1.86m | $1.36m |
| Aug 2025 | $5.65m | $2.09m | $1.53m |
| Sep 2025 | $4.69m | $1.73m | $1.27m |
| Oct 2025 | $2.47m | $912,288 | $665,724 |
| Nov 2025 | $2.54m | $938,219 | $684,649 |
| Dec 2025 | $2.48m | $916,004 | $668,438 |
| Jan 2026 | $2.85m | $1.05m | $769,058 |
| Feb 2026 | $2.37m | $878,321 | $640,939 |
| Mar 2026 | $3.49m | $1.29m | $941,967 |
| Apr 2026 | $2.31m | $853,076 | $622,512 |
| May 2026 | $2.01m | $742,411 | $541,759 |
| Jun 2026 | $2.02m | $746,966 | $545,085 |
| Jul 2026 | $1.75m | $648,606 | $473,307 |
| Aug 2026 | $1.82m | $673,914 | $491,779 |
| Sep 2026 | $1.34m | $496,266 | $362,141 |
| Oct 2026 | $1.29m | $476,307 | $347,576 |
| Nov 2026 (to date) | $201,491 | $74,554 | $54,407 |
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-evm
Frequently asked questions
What is GMX EVM's TVL?
As of Nov 5, 2026, GMX EVM has $200.16m in total value locked. TVL has decreased 6.5% over the past 30 days.
What chains does GMX EVM operate on?
GMX EVM operates on 4 chains: Arbitrum, Avalanche, MegaETH, and Botanix. Arbitrum holds the largest share at 96.2%.
How much has GMX EVM generated in fees and revenue?
Over the past 30 days, GMX EVM generated $1.31m in fees. Of that, $486,546 was protocol revenue. Based on the trailing year, the annualized rate is $26.32m in fees and $9.74m in revenue.
How does GMX EVM's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, GMX EVM ranks #2 by TVL. The category holds $1.855b across 422 protocols, and GMX EVM accounts for 10.8% of that total. Similar protocols include Contango V2, MUX Perps, Gains Network, GMX V1 EVM, ApeX Pro, Voltz, Jarvis Network, Aboard Exchange, Vertex Perps, and RubyDex.
How much perpetual futures volume does GMX EVM process?
GMX EVM processed $1.777b in perpetual futures volume over the past 30 days.