Logo of GMXGMX(GMX)
Total Value Locked$209.53m

TVL by Chain

Arbitrum$198.48m

Avalanche$10.44m

MegaETH$610,318

Botanix$0

Key Metrics

Fees 30d$1.9m
Fees 30d by chain

Arbitrum$1.8m

Avalanche$96,344

Fees 7d$397,191

Arbitrum$366,205

Avalanche$30,986

Fees 24h$37,215

Arbitrum$34,801

Avalanche$2,414

Cumulative Fees$465.45m

Arbitrum$382.84m

Avalanche$82.61m

Revenue 30d$701,335
Revenue 30d by chain

Arbitrum$665,689

Avalanche$35,646

Revenue 7d$146,959

Arbitrum$135,495

Avalanche$11,464

Revenue 24h$13,769

Arbitrum$12,876

Avalanche$893

Cumulative Revenue$151.04m

Arbitrum$125.51m

Avalanche$25.53m

Holders Revenue 30d$511,790
Holders Revenue 30d by chain

Arbitrum$485,775

Avalanche$26,015

Holders Revenue 7d$107,242

Arbitrum$98,875

Avalanche$8,367

Holders Revenue 24h$10,048

Arbitrum$9,396

Avalanche$652

Cumulative Holders Revenue$134.75m

Arbitrum$110.28m

Avalanche$24.46m

Incentives 1y$284,879.14

$4,421.78

$71.58

$52.82

$40.13m

Earnings (Annualized)$10.86m

$696,913.22

$146,887.42

$13,716.18

$110.91m

DEX Volume 30d$29.17m
DEX Volume 30d by chain

Arbitrum$23.5m

Avalanche$5.67m

MegaETH$301.16

DEX Volume 7d$14.66m

Arbitrum$11.69m

Avalanche$2.97m

MegaETH$9.51

DEX Volume 24h$714,857

Arbitrum$656,038

Avalanche$58,812

MegaETH$7.03

Cumulative DEX Volume$23.174b

Arbitrum$17.615b

Avalanche$5.372b

Solana$185.46m

Botanix$863,503.4

MegaETH$6,836.13

Perp Volume 30d$2.654b
Perp Volume 30d by chain

Arbitrum$2.55b

Avalanche$104.28m

MegaETH$233,891

Perp Volume 7d$605.66m

Arbitrum$569.63m

Avalanche$36.03m

MegaETH$229

Perp Volume 24h$53.37m

Arbitrum$50.9m

Avalanche$2.47m

MegaETH$76

Cumulative Perp Volume$335.194b

Arbitrum$305.902b

Avalanche$29.259b

MegaETH$26.76m

Botanix$6.03m

$64.46m

Market Cap$83.82m

$GMX Price$8.02

All Time High$91.07

All Time Low$4.81

View $GMX token page

$83.82m

$106.27m

$GMX Volume 24h$7.79m

CEX Volume$5.51m

DEX Volume$2.75m(35.36% of total)

Staked$48.55m(57.92% of mcap)

Treasury$26.64m

$8.63m

Stablecoins$13.8m

Own Tokens$2.41m

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.

WebsiteGitHubTwitter
Categories:DerivativesDexs
Products:

Yields

Pools Tracked135

Average Supply APY9.44%

User Activity

Active Addresses (24h)0

New Addresses (24h)0

Transactions (24h)0

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 $209.53m in total value locked. TVL has increased 17.7% 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 $1.9m in fees. Of that, $701,335 was protocol revenue. Based on the trailing year, the annualized rate is $30.12m in fees and $11.14m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.97. Its circulating market capitalization is $83.28m, ranking it #439. Its fully diluted valuation is $83.28m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 3.1% over the past 7 days and up 24.1% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91.2% 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 $29.17m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $26.64m. Its holdings include $13.8m in stablecoins, $8.63m in major assets, $2.41m 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.