Ask about GMX · freeTotal Value Locked$239.2m
TVL by Chain
Arbitrum$202.8m
Solana$26.47m
Avalanche$9.69m
MegaETH$240,207
Botanix$0
Key Metrics
Fees 30d$5.77m
Fees 30d by chain
Solana$4.62m
Arbitrum$1.06m
Avalanche$92,230
MegaETH$30.45
Fees 7d$1.09m
Solana$793,926
Arbitrum$274,031
Avalanche$26,381
MegaETH$3.73
Fees 24h$233,605
Solana$165,940
Arbitrum$62,662
Avalanche$5,003
MegaETH$0.45
Cumulative Fees$491.55m
Arbitrum$384.56m
Avalanche$82.78m
Solana$24.2m
MegaETH$18,393
Revenue 30d$4.84m
Revenue 30d by chain
Solana$4.41m
Arbitrum$393,309
Avalanche$34,122
MegaETH$11.13
Revenue 7d$897,139
Solana$785,986
Arbitrum$101,391
Avalanche$9,761
MegaETH$1.37
Revenue 24h$189,316
Solana$164,280
Arbitrum$23,185
Avalanche$1,851
MegaETH$0.17
Cumulative Revenue$161.7m
Arbitrum$126.14m
Avalanche$25.59m
Solana$9.96m
MegaETH$6,804
Holders Revenue 30d$4.33m
Holders Revenue 30d by chain
Solana$4.02m
Arbitrum$287,012
Avalanche$24,901
MegaETH$8.17
Holders Revenue 7d$861,211
Solana$780,100
Arbitrum$73,988
Avalanche$7,123
MegaETH$1
Holders Revenue 24h$182,550
Solana$164,280
Arbitrum$16,919
Avalanche$1,351
MegaETH$0.12
Cumulative Holders Revenue$139.48m
Arbitrum$110.75m
Avalanche$24.51m
Solana$4.22m
MegaETH$4,965
Incentives 1y$253,038
Incentives 30d$31,654
Incentives 7d$3,164
Incentives 24h$18.96
Cumulative Incentives$40.16m
Earnings (Annualized)$18.49m
Earnings 30d$4.81m
Earnings 7d$893,975
Earnings 24h$189,297
Cumulative Earnings$121.54m
DEX Volume 30d$44.92m
DEX Volume 30d by chain
Arbitrum$43.96m
Avalanche$959,232
MegaETH$110.85
DEX Volume 7d$9.68m
Arbitrum$9.5m
Avalanche$179,814
MegaETH$0
DEX Volume 24h$742,633
Arbitrum$725,913
Avalanche$16,720
MegaETH$0
Cumulative DEX Volume$23.255b
Arbitrum$17.691b
Avalanche$5.377b
Solana$185.46m
Botanix$863,503
MegaETH$121,062
Perp Volume 30d$28.901b
Perp Volume 30d by chain
Solana$27.45b
Arbitrum$1.343b
Avalanche$108.5m
MegaETH$20,864
Perp Volume 7d$4.242b
Solana$3.886b
Arbitrum$328.61m
Avalanche$26.83m
MegaETH$5,571
Perp Volume 24h$1.009b
Solana$914.76m
Arbitrum$88.52m
Avalanche$5.5m
MegaETH$898
Cumulative Perp Volume$525.954b
Arbitrum$307.968b
Solana$188.513b
Avalanche$29.44b
MegaETH$26.81m
Botanix$6.04m
Open Interest$283.71m
Market Cap$86.24m
$GMX Price$8.07
Fully Diluted Valuation$86.24m
Outstanding FDV$106.93m
$GMX Volume 24h$2.95m
CEX Volume$1.74m
DEX Volume$1.52m(51.54% of total)
Staked$46.63m(54.07% of mcap)
Treasury$28.81m
Majors$10.02m
Stablecoins$11.52m
Own Tokens$5.5m
Others$1.78m
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.
- GMX EVMDerivatives
- GMX SolanaDerivatives
- GMX V1 EVMDerivatives
- GMX V1 AMMDexs
- GMX AMMDexs
Yields
Pools Tracked212
Average Supply APY5.68%
User Activity
Active Addresses (24h)4,377
New Addresses (24h)0
Transactions (24h)4,525
Gas Used (24h)6.07 ETH
Gas Cost (24h)$1,256
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
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 EVM
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 EVM
Amount: $42m
Classification: Reentrancy
Technique: Reentrancy
Chains: Arbitrum
Language: Solidity
Target Type: DeFi Protocol
Returned Funds: $40m
GMX history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Sep 1, 2021 to Oct 23, 2026.
All-time high TVL: $710.76m on May 6, 2023. All-time low TVL: $9,834 on Sep 1, 2021.
Daily TVL, Sep 24, 2026 to Oct 23, 2026
| Date | TVL |
|---|---|
| Sep 24, 2026 | $241.73m |
| Sep 25, 2026 | $241.94m |
| Sep 26, 2026 | $244.01m |
| Sep 27, 2026 | $244.85m |
| Sep 28, 2026 | $243.28m |
| Sep 29, 2026 | $241.35m |
| Sep 30, 2026 | $240.02m |
| Oct 1, 2026 | $240.17m |
| Oct 2, 2026 | $242.3m |
| Oct 3, 2026 | $245.36m |
| Oct 4, 2026 | $246.03m |
| Oct 5, 2026 | $247.3m |
| Oct 6, 2026 | $245.8m |
| Oct 7, 2026 | $248.17m |
| Oct 8, 2026 | $242.18m |
| Oct 9, 2026 | $240.29m |
| Oct 10, 2026 | $241.3m |
| Oct 11, 2026 | $242.2m |
| Oct 12, 2026 | $244.41m |
| Oct 13, 2026 | $239.96m |
| Oct 14, 2026 | $243.51m |
| Oct 15, 2026 | $240.62m |
| Oct 16, 2026 | $241.66m |
| Oct 17, 2026 | $241.72m |
| Oct 18, 2026 | $241.97m |
| Oct 19, 2026 | $242.05m |
| Oct 20, 2026 | $240.9m |
| Oct 21, 2026 | $242.84m |
| Oct 22, 2026 | $244.72m |
| Oct 23, 2026 | $239.2m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $662.4m |
| Dec 31, 2024 | $525.1m |
| Jan 31, 2025 | $534.99m |
| Feb 28, 2025 | $439.74m |
| Mar 31, 2025 | $390.61m |
| Apr 30, 2025 | $384.39m |
| May 31, 2025 | $461.25m |
| Jun 30, 2025 | $486.32m |
| Jul 31, 2025 | $479.87m |
| Aug 31, 2025 | $566.78m |
| Sep 30, 2025 | $513.89m |
| Oct 31, 2025 | $466.69m |
| Nov 30, 2025 | $387.41m |
| Dec 31, 2025 | $387.67m |
| Jan 31, 2026 | $368.1m |
| Feb 28, 2026 | $271.86m |
| Mar 31, 2026 | $276.41m |
| Apr 30, 2026 | $272.39m |
| May 31, 2026 | $237.7m |
| Jun 30, 2026 | $208.89m |
| Jul 31, 2026 | $213.65m |
| Aug 31, 2026 | $238.04m |
| Sep 30, 2026 | $240.02m |
| Oct 23, 2026 (latest) | $239.2m |
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 | $616.34m |
| Dec 31, 2024 | $525.1m |
| Dec 31, 2025 | $387.67m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $10.62m | $3.81m | $2.92m |
| Dec 2024 | $11.97m | $4.32m | $3.28m |
| Jan 2025 | $9.91m | $3.56m | $2.72m |
| Feb 2025 | $8.54m | $3.08m | $2.34m |
| Mar 2025 | $5.21m | $2.27m | $1.2m |
| Apr 2025 | $19.41m | $6.23m | $5.66m |
| May 2025 | $5.15m | $1.89m | $1.4m |
| Jun 2025 | $5.33m | $1.96m | $1.45m |
| Jul 2025 | $6.01m | $2.19m | $1.66m |
| Aug 2025 | $5.72m | $2.12m | $1.55m |
| Sep 2025 | $4.71m | $1.75m | $1.27m |
| Oct 2025 | $2.49m | $926,516 | $673,030 |
| Nov 2025 | $2.56m | $955,017 | $693,289 |
| Dec 2025 | $2.5m | $932,568 | $676,959 |
| Jan 2026 | $2.97m | $1.09m | $771,120 |
| Feb 2026 | $2.98m | $1.03m | $640,939 |
| Mar 2026 | $4.67m | $1.59m | $941,967 |
| Apr 2026 | $3.9m | $1.25m | $622,512 |
| May 2026 | $5.24m | $1.55m | $541,759 |
| Jun 2026 | $4.82m | $1.45m | $545,085 |
| Jul 2026 | $4.8m | $1.41m | $473,307 |
| Aug 2026 | $5m | $1.47m | $491,779 |
| Sep 2026 | $4.72m | $1.93m | $1.09m |
| Oct 2026 (to date) | $4.48m | $3.89m | $3.53m |
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
Frequently asked questions
What is GMX's TVL?
As of Oct 23, 2026, GMX has $239.2m in total value locked. TVL has decreased 3.3% 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 84.8%.
How much has GMX generated in fees and revenue?
Over the past 30 days, GMX generated $5.77m in fees. Of that, $4.84m was protocol revenue. Based on the trailing year, the annualized rate is $49.17m in fees and $18.74m in revenue.
What is the GMX token price and valuation?
GMX is currently trading at $8.21. Its circulating market capitalization is $87.72m, ranking it #428. Its fully diluted valuation is $87.72m. Supply currently stands at 10.69m circulating, 10.69m total supply, 13.25m maximum supply.
How has GMX performed recently?
GMX is down 7.3% over the past 7 days and up 2% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91% below that level.
Which protocols are included in GMX?
GMX is a parent protocol whose tracked products include GMX EVM, GMX Solana, GMX V1 EVM, GMX V1 AMM, and GMX AMM.
How much trading volume does GMX process?
GMX processed $44.92m in DEX volume over the past 30 days.
Does GMX have a treasury?
GMX has a tracked treasury currently valued at $28.81m. Its holdings include $11.52m in stablecoins, $10.02m in major assets, $5.5m in its own tokens, $1.78m 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.