Total Value Locked$195.83m
TVL by Chain
Arbitrum$188.27m
Avalanche$7.33m
MegaETH$230,499
Botanix$0
Key Metrics
Fees 30d$1.33m
Fees 30d by chain
Arbitrum$1.24m
Avalanche$82,418
MegaETH$21.32
Fees 7d$287,090
Arbitrum$270,793
Avalanche$16,290
MegaETH$5.25
Fees 24h$49,390
Arbitrum$47,463
Avalanche$1,926
MegaETH$0.70
Cumulative Fees$165.61m
Arbitrum$154.74m
Avalanche$10.85m
MegaETH$18,408
Revenue 30d$484,555
Revenue 30d by chain
Arbitrum$454,579
Avalanche$29,971
MegaETH$8.23
Revenue 7d$99,808
Arbitrum$94,302
Avalanche$5,504
MegaETH$2.29
Revenue 24h$16,679
Arbitrum$16,031
Avalanche$648
MegaETH$0.35
Cumulative Revenue$61.27m
Arbitrum$57.25m
Avalanche$4.02m
MegaETH$6,810
Holders Revenue 30d$353,599
Holders Revenue 30d by chain
Arbitrum$331,724
Avalanche$21,874
MegaETH$6.04
Holders Revenue 7d$72,838
Arbitrum$68,819
Avalanche$4,019
MegaETH$1.68
Holders Revenue 24h$12,175
Arbitrum$11,699
Avalanche$476
MegaETH$0.25
Cumulative Holders Revenue$44.71m
Arbitrum$41.78m
Avalanche$2.93m
MegaETH$4,969
Perp Volume 30d$1.818b
Perp Volume 30d by chain
Arbitrum$1.723b
Avalanche$94.63m
MegaETH$24,637
Perp Volume 7d$386.89m
Arbitrum$370.2m
Avalanche$16.68m
MegaETH$5,322
Perp Volume 24h$83.71m
Arbitrum$80.6m
Avalanche$3.12m
MegaETH$1,377
Cumulative Perp Volume$192.65b
Arbitrum$185.085b
Avalanche$7.532b
MegaETH$26.81m
Botanix$6.04m
Open Interest$53.89m
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 position fees (after referral rebates) and of borrowing, liquidation and swap fees, split between protocol treasury (10%) and GMX token holders (27%); distributed price impact goes to liquidity providers insteadView code on GitHubHolders Revenue: 27% of position fees (after referral rebates) and of borrowing, liquidation and swap 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 Tracked140
Average Supply APY7.99%
User Activity
Active Addresses (24h)544
Transactions (24h)3,600
Gas Used (24h)18.39 ETH
Gas Cost (24h)$955
Competitors
GMX EVM history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 9, 2023 to Nov 12, 2026.
All-time high TVL: $608.21m on Aug 14, 2025. All-time low TVL: $17.32m on Aug 10, 2023.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| 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 |
| Nov 6, 2026 | $199.79m |
| Nov 7, 2026 | $199.88m |
| Nov 8, 2026 | $200.27m |
| Nov 9, 2026 | $196.3m |
| Nov 10, 2026 | $197.08m |
| Nov 11, 2026 | $195.15m |
| Nov 12, 2026 | $196.38m |
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 12, 2026 (latest) | $196.38m |
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) | $482,508 | $170,520 | $124,444 |
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 12, 2026, GMX EVM has $195.83m 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 96.1%.
How much has GMX EVM generated in fees and revenue?
Over the past 30 days, GMX EVM generated $1.33m in fees. Of that, $484,555 was protocol revenue. Based on the trailing year, the annualized rate is $25.86m in fees and $9.56m 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 $1.797b across 424 protocols, and GMX EVM accounts for 10.9% 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 $1.818b in perpetual futures volume over the past 30 days.