Logo of GMXGMX(GMX)
Total Value Locked$205.32m

TVL by Chain

Arbitrum$194.55m

Avalanche$10.15m

MegaETH$609,507

Botanix$0

Key Metrics

Fees 30d$1.84m
Fees 30d by chain

Arbitrum$1.75m

Avalanche$86,447

Fees 7d$291,671

Arbitrum$258,356

Avalanche$33,315

Fees 24h$72,440

Arbitrum$69,230

Avalanche$3,210

Cumulative Fees$465.19m

Arbitrum$382.6m

Avalanche$82.59m

Revenue 30d$680,704
Revenue 30d by chain

Arbitrum$648,720

Avalanche$31,984

Revenue 7d$107,918

Arbitrum$95,592

Avalanche$12,326

Revenue 24h$26,803

Arbitrum$25,615

Avalanche$1,188

Cumulative Revenue$150.94m

Arbitrum$125.42m

Avalanche$25.52m

Holders Revenue 30d$496,732
Holders Revenue 30d by chain

Arbitrum$473,391

Avalanche$23,341

Holders Revenue 7d$78,752

Arbitrum$69,756

Avalanche$8,996

Holders Revenue 24h$19,559

Arbitrum$18,692

Avalanche$867

Cumulative Holders Revenue$134.68m

Arbitrum$110.22m

Avalanche$24.46m

Incentives 1y$286,971.84

$4,534.6

$3,135.54

$2.29

$40.13m

Earnings (Annualized)$11.03m

$676,169.4

$104,782.46

$26,800.71

$110.81m

DEX Volume 30d$20.96m
DEX Volume 30d by chain

Arbitrum$16.25m

Avalanche$4.71m

MegaETH$317.56

DEX Volume 7d$15.64m

Arbitrum$11.73m

Avalanche$3.91m

MegaETH$0.16

DEX Volume 24h$1.47m

Arbitrum$1.35m

Avalanche$112,528

MegaETH$0

Cumulative DEX Volume$23.166b

Arbitrum$17.608b

Avalanche$5.371b

Solana$185.46m

Botanix$863,503.4

MegaETH$6,826.62

Perp Volume 30d$2.573b
Perp Volume 30d by chain

Arbitrum$2.48b

Avalanche$93.48m

MegaETH$237,832

Perp Volume 7d$412.76m

Arbitrum$376.43m

Avalanche$36.33m

MegaETH$2,367

Perp Volume 24h$118.9m

Arbitrum$114.28m

Avalanche$4.62m

Cumulative Perp Volume$334.792b

Arbitrum$305.523b

Avalanche$29.237b

MegaETH$26.76m

Botanix$6.03m

$68.17m

Market Cap$74.14m

$GMX Price$7.09

All Time High$91.07

All Time Low$4.81

View $GMX token page

$74.14m

$93.94m

$GMX Volume 24h$2.46m

CEX Volume$1.53m

DEX Volume$1.16m(47.11% of total)

Staked$43.76m(59.02% of mcap)

$GMX Liquidity$13.64m

Uniswap V3$13.44m

Camelot V3$204,754

Treasury$25.2m

$8.27m

Stablecoins$13.06m

Own Tokens$2.17m

Others$1.69m

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 APY8.43%

User Activity

Active Addresses (24h)1

New Addresses (24h)0

Transactions (24h)1

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 $205.32m in total value locked. TVL has increased 16.6% 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 $1.84m in fees. Of that, $680,704 was protocol revenue. Based on the trailing year, the annualized rate is $30.59m in fees and $11.32m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.05. Its circulating market capitalization is $73.72m, ranking it #456. Its fully diluted valuation is $73.72m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is down 3% over the past 7 days and up 15.5% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 92.3% 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 $20.96m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $25.2m. Its holdings include $13.06m in stablecoins, $8.27m in major assets, $2.17m in its own tokens, $1.69m 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.