Total Value Locked$3.24m
TVL by Chain
Avalanche$1.92m
Arbitrum$1.32m
Key Metrics
Cumulative Fees$302.59m
Cumulative Fees by chain
Arbitrum$230.62m
Avalanche$71.97m
Cumulative Revenue$90.78m
Cumulative Revenue by chain
Arbitrum$69.19m
Avalanche$21.59m
Cumulative Holders Revenue$90.78m
Cumulative Holders Revenue by chain
Arbitrum$69.18m
Avalanche$21.59m
Cumulative Perp Volume$146.143b
Cumulative Perp Volume by chain
Arbitrum$124.18b
Avalanche$21.963b
Staked$52.85m
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 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 GitHubRevenue: Revenue is 30% of all collected fees, which goes to GMX stakersView code on GitHubHolders Revenue: 30% of all collected fees goes to GMX stakersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubUser Activity
Active Addresses (24h)0
New Addresses (24h)0
Transactions (24h)0
Gas Used (24h)0 AVAX
Gas Cost (24h)$0
Hacks
Date: Sep 18, 2022
Amount: $565,000
Classification: Market Manipulation
Technique: Stale Price Arbitrage
Chains: Arbitrum
Language: Solidity
Target Type: DeFi Protocol
Date: Jul 9, 2025
Amount: $42m
Classification: Reentrancy
Technique: Reentrancy
Chains: Arbitrum
Language: Solidity
Target Type: DeFi Protocol
Returned Funds: $40m
Competitors
GMX V1 EVM history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Sep 1, 2021 to Oct 16, 2026.
All-time high TVL: $710.76m on May 6, 2023. All-time low TVL: $9,834 on Sep 1, 2021.
Daily TVL, Sep 17, 2026 to Oct 16, 2026
| Date | TVL |
|---|---|
| Sep 17, 2026 | $3.15m |
| Sep 18, 2026 | $3.16m |
| Sep 19, 2026 | $3.3m |
| Sep 20, 2026 | $3.3m |
| Sep 21, 2026 | $3.31m |
| Sep 22, 2026 | $3.44m |
| Sep 23, 2026 | $3.43m |
| Sep 24, 2026 | $3.37m |
| Sep 25, 2026 | $3.39m |
| Sep 26, 2026 | $3.39m |
| Sep 27, 2026 | $3.39m |
| Sep 28, 2026 | $3.4m |
| Sep 29, 2026 | $3.39m |
| Sep 30, 2026 | $3.37m |
| Oct 1, 2026 | $3.38m |
| Oct 2, 2026 | $3.4m |
| Oct 3, 2026 | $3.39m |
| Oct 4, 2026 | $3.4m |
| Oct 5, 2026 | $3.44m |
| Oct 6, 2026 | $3.42m |
| Oct 7, 2026 | $3.4m |
| Oct 8, 2026 | $3.32m |
| Oct 9, 2026 | $3.26m |
| Oct 10, 2026 | $3.28m |
| Oct 11, 2026 | $3.29m |
| Oct 12, 2026 | $3.31m |
| Oct 13, 2026 | $3.24m |
| Oct 14, 2026 | $3.29m |
| Oct 15, 2026 | $3.24m |
| Oct 16, 2026 | $3.25m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $113.57m |
| Dec 31, 2024 | $103.38m |
| Jan 31, 2025 | $106.35m |
| Feb 28, 2025 | $85.95m |
| Mar 31, 2025 | $88.22m |
| Apr 30, 2025 | $58.55m |
| May 31, 2025 | $62.35m |
| Jun 30, 2025 | $57.36m |
| Jul 31, 2025 | $11.36m |
| Aug 31, 2025 | $8.47m |
| Sep 30, 2025 | $7.41m |
| Oct 31, 2025 | $6.11m |
| Nov 30, 2025 | $5.08m |
| Dec 31, 2025 | $4.91m |
| Jan 31, 2026 | $4.64m |
| Feb 28, 2026 | $3.15m |
| Mar 31, 2026 | $3.08m |
| Apr 30, 2026 | $3.29m |
| May 31, 2026 | $3.16m |
| Jun 30, 2026 | $2.73m |
| Jul 31, 2026 | $2.82m |
| Aug 31, 2026 | $3.18m |
| Sep 30, 2026 | $3.37m |
| Oct 16, 2026 (latest) | $3.25m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $107.05m |
| Dec 31, 2022 | $463.02m |
| Dec 31, 2023 | $289.39m |
| Dec 31, 2024 | $103.38m |
| Dec 31, 2025 | $4.91m |
Fees, revenue and holders revenue by UTC calendar month, Jan 2024 to Dec 2025
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Jan 2024 | $7.02m | $2.11m | $2.11m |
| Feb 2024 | $3.32m | $997,401 | $997,401 |
| Mar 2024 | $6.43m | $1.93m | $1.93m |
| Apr 2024 | $3.85m | $1.15m | $1.15m |
| May 2024 | $3.26m | $977,730 | $977,730 |
| Jun 2024 | $1.3m | $391,131 | $391,131 |
| Jul 2024 | $1.86m | $558,577 | $558,577 |
| Aug 2024 | $1.76m | $528,884 | $528,884 |
| Sep 2024 | $692,762 | $207,829 | $207,829 |
| Oct 2024 | $604,303 | $181,290 | $181,290 |
| Nov 2024 | $1.79m | $536,402 | $536,402 |
| Dec 2024 | $1.57m | $472,387 | $472,387 |
| Jan 2025 | $1.6m | $478,977 | $478,977 |
| Feb 2025 | $1.17m | $351,493 | $351,493 |
| Mar 2025 | $490,842 | $147,254 | $147,254 |
| Apr 2025 | $13.89m | $4.17m | $4.17m |
| May 2025 | $388,417 | $116,525 | $116,525 |
| Jun 2025 | $161,099 | $48,329 | $48,329 |
| Jul 2025 | $887,837 | $266,348 | $266,348 |
| Aug 2025 | $53,007 | $15,899 | $15,899 |
| Sep 2025 | $5,723 | $2,040 | $1,579 |
| Oct 2025 | $160 | $48 | $14 |
| Nov 2025 | $3 | $1 | $0 |
| Dec 2025 | $0 | $0 | $0 |
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-v1-evm
Frequently asked questions
What is GMX V1 EVM's TVL?
As of Oct 16, 2026, GMX V1 EVM has $3.24m in total value locked. TVL has increased 3.5% over the past 30 days.
What chains does GMX V1 EVM operate on?
GMX V1 EVM operates on 2 chains: Avalanche and Arbitrum. Avalanche holds the largest share at 59.3%.
How does GMX V1 EVM's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, GMX V1 EVM ranks #34 by TVL. The category holds $1.965b across 422 protocols, and GMX V1 EVM accounts for 0.2% of that total. Other leading protocols include GMX EVM, MUX Perps, Contango V2, ApeX Pro, Voltz, Jarvis Network, Aboard Exchange, Vertex Perps, RubyDex, and FutureSwap.
Has GMX V1 EVM ever been exploited?
GMX V1 EVM has 2 recorded security incidents. The most recent incident occurred on Jul 9, 2025 and involved $42m. It was classified as Reentrancy.