Logo of GMXGMX(GMX)
Total Value Locked$209.35m

TVL by Chain

Arbitrum$198.38m

Avalanche$10.35m

MegaETH$616,378

Botanix$0

Key Metrics

Fees 30d$1.89m
Fees 30d by chain

Arbitrum$1.8m

Avalanche$96,353

Fees 7d$374,849

Arbitrum$343,201

Avalanche$31,648

Fees 24h$39,985

Arbitrum$37,422

Avalanche$2,563

Cumulative Fees$465.41m

Arbitrum$382.8m

Avalanche$82.61m

Revenue 30d$701,089
Revenue 30d by chain

Arbitrum$665,440

Avalanche$35,649

Revenue 7d$138,693

Arbitrum$126,984

Avalanche$11,709

Revenue 24h$14,794

Arbitrum$13,846

Avalanche$948

Cumulative Revenue$151.02m

Arbitrum$125.49m

Avalanche$25.53m

Holders Revenue 30d$511,610
Holders Revenue 30d by chain

Arbitrum$485,593

Avalanche$26,017

Holders Revenue 7d$101,210

Arbitrum$92,664

Avalanche$8,546

Holders Revenue 24h$10,796

Arbitrum$10,104

Avalanche$692

Cumulative Holders Revenue$134.74m

Arbitrum$110.28m

Avalanche$24.46m

Incentives 1y$284,864.16

$4,363.55

$13.35

$0

$40.13m

Earnings (Annualized)$10.91m

$696,725.45

$138,679.65

$14,794

$110.9m

DEX Volume 30d$28.46m
DEX Volume 30d by chain

Arbitrum$22.84m

Avalanche$5.61m

MegaETH$297.98

DEX Volume 7d$15.17m

Arbitrum$12.23m

Avalanche$2.94m

MegaETH$2.48

DEX Volume 24h$2.42m

Arbitrum$2.23m

Avalanche$182,492

MegaETH$0

Cumulative DEX Volume$23.173b

Arbitrum$17.615b

Avalanche$5.372b

Solana$185.46m

Botanix$863,503.4

MegaETH$6,829.1

Perp Volume 30d$2.653b
Perp Volume 30d by chain

Arbitrum$2.548b

Avalanche$104.61m

MegaETH$236,105

Perp Volume 7d$572.88m

Arbitrum$535.37m

Avalanche$37.5m

MegaETH$153

Perp Volume 24h$55.86m

Arbitrum$53.42m

Avalanche$2.43m

Cumulative Perp Volume$335.14b

Arbitrum$305.851b

Avalanche$29.257b

MegaETH$26.76m

Botanix$6.03m

$70.3m

Market Cap$76.13m

$GMX Price$7.29

All Time High$91.07

All Time Low$4.81

View $GMX token page

$76.13m

$96.59m

$GMX Volume 24h$2.1m

CEX Volume$1.46m

DEX Volume$1.1m(52.39% of total)

Staked$45.11m(59.25% of mcap)

Treasury$25.72m

$8.51m

Stablecoins$13.24m

Own Tokens$2.23m

Others$1.75m

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 Tracked135

Average Supply APY8.72%

User Activity

Active Addresses (24h)2

New Addresses (24h)1

Transactions (24h)2

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 $209.35m in total value locked. TVL has increased 17.9% 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 94.8%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.89m in fees. Of that, $701,089 was protocol revenue. Based on the trailing year, the annualized rate is $30.24m in fees and $11.19m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.29. Its circulating market capitalization is $76.13m, ranking it #452. Its fully diluted valuation is $76.13m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is down 5.2% over the past 7 days and up 15.3% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 92% 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 $28.46m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $25.72m. Its holdings include $13.24m in stablecoins, $8.51m in major assets, $2.23m in its own tokens, $1.75m 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.