Total Value Locked$211.22m
TVL by Chain
Arbitrum$202.89m
Avalanche$8.09m
MegaETH$241,519
Botanix$0
Key Metrics
Fees 30d$1.18m
Fees 30d by chain
Arbitrum$1.06m
Avalanche$111,140
MegaETH$34.06
Fees 7d$250,909
Arbitrum$236,935
Avalanche$13,957
MegaETH$16.34
Fees 24h$41,858
Arbitrum$35,770
Avalanche$6,088
MegaETH$0.09
Cumulative Fees$164.46m
Arbitrum$153.66m
Avalanche$10.78m
MegaETH$18,389
Revenue 30d$434,790
Revenue 30d by chain
Arbitrum$393,661
Avalanche$41,118
MegaETH$12.47
Revenue 7d$92,836
Arbitrum$87,666
Avalanche$5,165
MegaETH$5.93
Revenue 24h$15,488
Arbitrum$13,235
Avalanche$2,253
MegaETH$0.03
Cumulative Revenue$60.85m
Arbitrum$56.85m
Avalanche$3.99m
MegaETH$6,802
Holders Revenue 30d$317,283
Holders Revenue 30d by chain
Arbitrum$287,267
Avalanche$30,008
MegaETH$9.14
Holders Revenue 7d$67,745
Arbitrum$63,974
Avalanche$3,768
MegaETH$4.35
Holders Revenue 24h$11,302
Arbitrum$9,658
Avalanche$1,644
MegaETH$0.02
Cumulative Holders Revenue$44.4m
Arbitrum$41.49m
Avalanche$2.91m
MegaETH$4,964
Perp Volume 30d$1.477b
Perp Volume 30d by chain
Arbitrum$1.35b
Avalanche$126.81m
MegaETH$29,502
Perp Volume 7d$334.44m
Arbitrum$317.9m
Avalanche$16.53m
MegaETH$7,583
Perp Volume 24h$68.9m
Arbitrum$63.16m
Avalanche$5.74m
MegaETH$1,006
Cumulative Perp Volume$191.078b
Arbitrum$183.592b
Avalanche$7.453b
MegaETH$26.8m
Botanix$6.04m
Open Interest$59.36m
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 Tracked133
Average Supply APY8.13%
User Activity
Active Addresses (24h)802
Transactions (24h)5,159
Gas Used (24h)18.57 ETH
Gas Cost (24h)$1,559
Competitors
GMX EVM history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 9, 2023 to Oct 16, 2026.
All-time high TVL: $608.21m on Aug 14, 2025. All-time low TVL: $17.32m on Aug 10, 2023.
Daily TVL, Sep 17, 2026 to Oct 16, 2026
| Date | TVL |
|---|---|
| Sep 17, 2026 | $203.06m |
| Sep 18, 2026 | $204m |
| Sep 19, 2026 | $211.68m |
| Sep 20, 2026 | $212.79m |
| Sep 21, 2026 | $212.1m |
| Sep 22, 2026 | $214.4m |
| Sep 23, 2026 | $215.8m |
| Sep 24, 2026 | $210.63m |
| Sep 25, 2026 | $210.59m |
| Sep 26, 2026 | $210.78m |
| Sep 27, 2026 | $211.36m |
| Sep 28, 2026 | $211.35m |
| Sep 29, 2026 | $210.06m |
| Sep 30, 2026 | $208.71m |
| Oct 1, 2026 | $208.96m |
| Oct 2, 2026 | $210.52m |
| Oct 3, 2026 | $212.59m |
| Oct 4, 2026 | $213.27m |
| Oct 5, 2026 | $214.82m |
| Oct 6, 2026 | $214.02m |
| 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 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $548.83m |
| 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 16, 2026 (latest) | $211.91m |
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, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $8.84m | $3.27m | $2.39m |
| 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 (to date) | $571,387 | $211,410 | $154,275 |
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 Oct 16, 2026, GMX EVM has $211.22m in total value locked. TVL has increased 4.6% 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 96.1%.
How much has GMX EVM generated in fees and revenue?
Over the past 30 days, GMX EVM generated $1.18m in fees. Of that, $434,790 was protocol revenue. Based on the trailing year, the annualized rate is $26.52m in fees and $9.81m 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 $1.961b across 422 protocols, and GMX EVM accounts for 10.8% of that total. Other leading protocols include MUX Perps, Gains Network, Contango V2, 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 $1.477b in perpetual futures volume over the past 30 days.