Logo of GMXGMX(GMX)
Total Value Locked$206.42m

TVL by Chain

Arbitrum$195.58m

Avalanche$10.24m

MegaETH$608,492

Botanix$0

Key Metrics

Fees 30d$1.97m
Fees 30d by chain

Arbitrum$1.87m

Avalanche$100,698

Fees 7d$270,502

Arbitrum$254,262

Avalanche$16,240

Fees 24h$48,662

Arbitrum$47,823

Avalanche$839

Cumulative Fees$465.64m

Arbitrum$383.02m

Avalanche$82.62m

Revenue 30d$727,659
Revenue 30d by chain

Arbitrum$690,403

Avalanche$37,256

Revenue 7d$100,084

Arbitrum$94,077

Avalanche$6,007

Revenue 24h$18,005

Arbitrum$17,695

Avalanche$310

Cumulative Revenue$151.11m

Arbitrum$125.57m

Avalanche$25.53m

Holders Revenue 30d$530,998
Holders Revenue 30d by chain

Arbitrum$503,808

Avalanche$27,190

Holders Revenue 7d$73,034

Arbitrum$68,650

Avalanche$4,384

Holders Revenue 24h$13,138

Arbitrum$12,912

Avalanche$226

Cumulative Holders Revenue$134.8m

Arbitrum$110.33m

Avalanche$24.47m

Incentives 1y$279,767.42

$3,895.24

$104.36

$0

$40.13m

Earnings (Annualized)$10.69m

$723,763.76

$99,979.64

$18,005

$110.98m

DEX Volume 30d$35.8m
DEX Volume 30d by chain

Arbitrum$29.36m

Avalanche$6.44m

MegaETH$548.01

DEX Volume 7d$9.77m

Arbitrum$8.76m

Avalanche$1.01m

MegaETH$258.07

DEX Volume 24h$603,647

Arbitrum$560,340

Avalanche$43,306

MegaETH$0.65

Cumulative DEX Volume$23.181b

Arbitrum$17.621b

Avalanche$5.373b

Solana$185.46m

Botanix$863,503.4

MegaETH$7,087.17

Perp Volume 30d$2.733b
Perp Volume 30d by chain

Arbitrum$2.626b

Avalanche$106.93m

MegaETH$193,606

Perp Volume 7d$354.55m

Arbitrum$338.36m

Avalanche$16.17m

MegaETH$11,496

Perp Volume 24h$48.67m

Arbitrum$47.85m

Avalanche$820,789

MegaETH$12

Cumulative Perp Volume$335.439b

Arbitrum$306.136b

Avalanche$29.27b

MegaETH$26.77m

Botanix$6.03m

$53.79m

Market Cap$78.53m

$GMX Price$7.52

All Time High$91.07

All Time Low$4.81

View $GMX token page

$78.53m

$99.64m

$GMX Volume 24h$2.25m

CEX Volume$1.51m

DEX Volume$858,508.93(38.11% of total)

Staked$46.31m(58.97% of mcap)

Treasury$25.93m

$8.54m

Stablecoins$13.36m

Own Tokens$2.32m

Others$1.72m

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 Tracked137

Average Supply APY10%

User Activity

Active Addresses (24h)5

New Addresses (24h)0

Transactions (24h)5

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 $206.42m in total value locked. TVL has increased 12.6% 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 94.7%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.97m in fees. Of that, $727,659 was protocol revenue. Based on the trailing year, the annualized rate is $29.65m in fees and $10.97m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.52. Its circulating market capitalization is $78.53m, ranking it #444. Its fully diluted valuation is $78.53m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 1.6% over the past 7 days and up 16.5% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91.7% 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 $35.8m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $25.93m. Its holdings include $13.36m in stablecoins, $8.54m in major assets, $2.32m in its own tokens, $1.72m 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.