Logo of GMXGMX(GMX)
Total Value Locked$208.03m

TVL by Chain

Arbitrum$197.05m

Avalanche$10.37m

MegaETH$612,463

Botanix$0

Key Metrics

Fees 30d$1.94m
Fees 30d by chain

Arbitrum$1.84m

Avalanche$101,527

Fees 7d$368,334

Arbitrum$341,513

Avalanche$26,821

Fees 24h$36,382

Arbitrum$33,583

Avalanche$2,799

Cumulative Fees$465.56m

Arbitrum$382.94m

Avalanche$82.62m

Revenue 30d$719,352
Revenue 30d by chain

Arbitrum$681,789

Avalanche$37,563

Revenue 7d$136,281

Arbitrum$126,359

Avalanche$9,922

Revenue 24h$13,461

Arbitrum$12,426

Avalanche$1,035

Cumulative Revenue$151.08m

Arbitrum$125.54m

Avalanche$25.53m

Holders Revenue 30d$524,937
Holders Revenue 30d by chain

Arbitrum$497,523

Avalanche$27,414

Holders Revenue 7d$99,450

Arbitrum$92,208

Avalanche$7,242

Holders Revenue 24h$9,823

Arbitrum$9,067

Avalanche$756

Cumulative Holders Revenue$134.78m

Arbitrum$110.31m

Avalanche$24.47m

Incentives 1y$282,296.18

$4,150.55

$72.45

$0

$40.13m

Earnings (Annualized)$10.78m

$715,201.45

$136,208.55

$13,461

$110.95m

DEX Volume 30d$34.21m
DEX Volume 30d by chain

Arbitrum$27.86m

Avalanche$6.34m

MegaETH$551.43

DEX Volume 7d$13.32m

Arbitrum$11.63m

Avalanche$1.69m

MegaETH$259.9

DEX Volume 24h$1.03m

Arbitrum$809,674

Avalanche$223,736

MegaETH$0.31

Cumulative DEX Volume$23.179b

Arbitrum$17.62b

Avalanche$5.373b

Solana$185.46m

Botanix$863,503.4

MegaETH$7,086.52

Perp Volume 30d$2.72b
Perp Volume 30d by chain

Arbitrum$2.612b

Avalanche$108.11m

MegaETH$207,309

Perp Volume 7d$549.37m

Arbitrum$518.66m

Avalanche$30.7m

MegaETH$6,748

Perp Volume 24h$49.88m

Arbitrum$47.3m

Avalanche$2.58m

MegaETH$4,889

Cumulative Perp Volume$335.342b

Arbitrum$306.041b

Avalanche$29.268b

MegaETH$26.76m

Botanix$6.03m

$60.67m

Market Cap$86.09m

$GMX Price$8.23

All Time High$91.07

All Time Low$4.81

View $GMX token page

$86.09m

$109.05m

$GMX Volume 24h$2.72m

CEX Volume$1.81m

DEX Volume$1.42m(52.24% of total)

Staked$51.01m(59.24% of mcap)

Treasury$26.55m

$8.61m

Stablecoins$13.58m

Own Tokens$2.57m

Others$1.79m

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.

WebsiteGitHubTwitter
Categories:DerivativesDexs
Products:

Yields

Pools Tracked136

Average Supply APY9.9%

User Activity

Active Addresses (24h)0

New Addresses (24h)0

Transactions (24h)0

Gas Used (24h)0 ETH

Gas Cost (24h)$0

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, 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 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 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 $208.03m in total value locked. TVL has increased 17% 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 94.7%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.94m in fees. Of that, $719,352 was protocol revenue. Based on the trailing year, the annualized rate is $29.89m in fees and $11.06m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $8.27. Its circulating market capitalization is $86.45m, ranking it #434. Its fully diluted valuation is $86.45m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 14.6% over the past 7 days and up 28.2% 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 V1 Perps, GMX V1 AMM, and GMX V2 AMM.

How much trading volume does GMX process?

GMX processed $34.21m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $26.55m. Its holdings include $13.58m in stablecoins, $8.61m in major assets, $2.57m in its own tokens, $1.79m 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.