Ask about GMX · freeTotal Value Locked$240.24m
TVL by Chain
Arbitrum$203.56m
Solana$26.59m
Avalanche$9.85m
MegaETH$241,353
Botanix$0
Key Metrics
Fees 30d$5.49m
Fees 30d by chain
Solana$4.31m
Arbitrum$1.07m
Avalanche$112,074
MegaETH$34.14
Fees 7d$1.24m
Solana$978,466
Arbitrum$245,680
Avalanche$19,258
MegaETH$15.48
Fees 24h$50,207
Solana$26,694
Arbitrum$21,009
Avalanche$2,504
MegaETH$0
Cumulative Fees$490.67m
Arbitrum$384.31m
Avalanche$82.76m
Solana$23.58m
MegaETH$18,389
Revenue 30d$4.31m
Revenue 30d by chain
Solana$3.88m
Arbitrum$396,790
Avalanche$41,464
MegaETH$12.50
Revenue 7d$1.07m
Solana$968,681
Arbitrum$90,901
Avalanche$7,127
MegaETH$5.61
Revenue 24h$35,127
Solana$26,427
Arbitrum$7,773
Avalanche$927
MegaETH$0
Cumulative Revenue$160.99m
Arbitrum$126.05m
Avalanche$25.58m
Solana$9.35m
MegaETH$6,802
Holders Revenue 30d$3.73m
Holders Revenue 30d by chain
Solana$3.41m
Arbitrum$289,551
Avalanche$30,260
MegaETH$9.16
Holders Revenue 7d$910,734
Solana$839,198
Arbitrum$66,334
Avalanche$5,199
MegaETH$4.11
Holders Revenue 24h$31,746
Solana$25,398
Arbitrum$5,672
Avalanche$676
MegaETH$0
Cumulative Holders Revenue$138.8m
Arbitrum$110.68m
Avalanche$24.5m
Solana$3.61m
MegaETH$4,964
Incentives 1y$254,149
Incentives 30d$29,090
Incentives 7d$759.28
Incentives 24h$79.41
Cumulative Incentives$40.16m
Earnings (Annualized)$17.95m
Earnings 30d$4.28m
Earnings 7d$1.07m
Earnings 24h$35,048
Cumulative Earnings$120.83m
DEX Volume 30d$54.04m
DEX Volume 30d by chain
Arbitrum$50.96m
Avalanche$3.08m
MegaETH$112.32
DEX Volume 7d$9.79m
Arbitrum$9.68m
Avalanche$113,947
MegaETH$104.24
DEX Volume 24h$707,450
Arbitrum$703,096
Avalanche$4,354
MegaETH$0
Cumulative DEX Volume$23.246b
Arbitrum$17.682b
Avalanche$5.377b
Solana$185.46m
Botanix$863,503
MegaETH$121,062
Perp Volume 30d$27.414b
Perp Volume 30d by chain
Solana$25.907b
Arbitrum$1.378b
Avalanche$128.12m
MegaETH$29,668
Perp Volume 7d$6.887b
Solana$6.527b
Arbitrum$336.97m
Avalanche$23.27m
MegaETH$5,929
Perp Volume 24h$66.73m
Solana$37.82m
Arbitrum$25.94m
Avalanche$2.97m
Cumulative Perp Volume$522.028b
Arbitrum$307.849b
Solana$184.721b
Avalanche$29.425b
MegaETH$26.8m
Botanix$6.04m
Open Interest$254.82m
Market Cap$88.27m
$GMX Price$8.26
Fully Diluted Valuation$88.27m
Outstanding FDV$109.45m
$GMX Volume 24h$4m
CEX Volume$2.44m
DEX Volume$1.68m(42.07% of total)
Staked$49.98m(56.62% of mcap)
Treasury$28.11m
Majors$10.15m
Stablecoins$10.38m
Own Tokens$5.78m
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.
- GMX EVMDerivatives
- GMX SolanaDerivatives
- GMX V1 EVMDerivatives
- GMX V1 AMMDexs
- GMX AMMDexs
Yields
Pools Tracked212
Average Supply APY30.73%
User Activity
Active Addresses (24h)1,838
New Addresses (24h)0
Transactions (24h)2,797
Gas Used (24h)6.72 ETH
Gas Cost (24h)$826
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 18, 2026.
All-time high TVL: $710.76m on May 6, 2023. All-time low TVL: $9,834 on Sep 1, 2021.
Daily TVL, Sep 19, 2026 to Oct 18, 2026
| Date | TVL |
|---|---|
| Sep 19, 2026 | $244.56m |
| Sep 20, 2026 | $245.74m |
| Sep 21, 2026 | $243.97m |
| Sep 22, 2026 | $246.19m |
| Sep 23, 2026 | $247.44m |
| 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 |
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 18, 2026 (latest) | $241.97m |
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) | $3.6m | $3.18m | $2.85m |
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 18, 2026, GMX has $240.24m in total value locked. TVL has increased 2.2% 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 84.7%.
How much has GMX generated in fees and revenue?
Over the past 30 days, GMX generated $5.49m in fees. Of that, $4.31m was protocol revenue. Based on the trailing year, the annualized rate is $48.75m in fees and $18.2m in revenue.
What is the GMX token price and valuation?
GMX is currently trading at $8.26. Its circulating market capitalization is $88.27m, ranking it #425. Its fully diluted valuation is $88.27m. Supply currently stands at 10.68m circulating, 10.68m total supply, 13.25m maximum supply.
How has GMX performed recently?
GMX is down 0.7% over the past 7 days and up 9.4% 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 EVM, GMX Solana, GMX V1 EVM, GMX V1 AMM, and GMX AMM.
How much trading volume does GMX process?
GMX processed $54.04m in DEX volume over the past 30 days.
Does GMX have a treasury?
GMX has a tracked treasury currently valued at $28.11m. Its holdings include $10.38m in stablecoins, $10.15m in major assets, $5.78m 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.