Ask about GMX

Logo of GMXGMX(GMX)

Total Value Locked$242.44m

TVL by Chain

Arbitrum$201.62m

Solana$29.04m

Avalanche$11.22m

MegaETH$568,270

Botanix$0

Key Metrics

Fees 30d$4.82m
Fees 30d by chain

Solana$3.52m

Arbitrum$1.18m

Avalanche$117,382

MegaETH$27.64

Fees 7d$1.32m

Solana$1.07m

Arbitrum$226,229

Avalanche$20,502

MegaETH$6.96

Fees 24h$245,849

Solana$220,281

Arbitrum$23,681

Avalanche$1,884

MegaETH$2.98

Cumulative Fees$487.35m

Arbitrum$383.8m

Avalanche$82.72m

Solana$20.81m

MegaETH$18,373

Revenue 30d$1.36m
Revenue 30d by chain

Solana$880,564

Arbitrum$435,486

Avalanche$43,426

MegaETH$10.21

Revenue 7d$358,814

Solana$267,522

Arbitrum$83,705

Avalanche$7,584

MegaETH$2.57

Revenue 24h$64,530

Solana$55,070

Arbitrum$8,762

Avalanche$697

MegaETH$1.10

Cumulative Revenue$157.29m

Arbitrum$125.86m

Avalanche$25.57m

Solana$5.86m

MegaETH$6,797

Holders Revenue 30d$349,486
Holders Revenue 30d by chain

Arbitrum$317,785

Avalanche$31,693

MegaETH$7.43

Solana$0

Holders Revenue 7d$66,620

Arbitrum$61,082

Avalanche$5,535

MegaETH$1.88

Solana$0

Holders Revenue 24h$6,904

Arbitrum$6,394

Avalanche$509

MegaETH$0.80

Solana$0

Cumulative Holders Revenue$135.24m

Arbitrum$110.54m

Avalanche$24.49m

Solana$194,434

MegaETH$4,960

Incentives 1y$245,276

$12,721

$6,742

$7.83

$40.14m

Earnings (Annualized)$14.71m

$1.35m

$352,072

$64,522

$117.16m

DEX Volume 30d$56.69m
DEX Volume 30d by chain

Arbitrum$51.02m

Avalanche$5.66m

MegaETH$268.24

DEX Volume 7d$11.05m

Arbitrum$10.81m

Avalanche$237,467

MegaETH$5.22

DEX Volume 24h$377,645

Arbitrum$364,584

Avalanche$13,060

MegaETH$0.59

Cumulative DEX Volume$23.222b

Arbitrum$17.659b

Avalanche$5.377b

Solana$185.46m

Botanix$863,503

MegaETH$120,957

Perp Volume 30d$26.344b
Perp Volume 30d by chain

Solana$24.669b

Arbitrum$1.546b

Avalanche$129.29m

MegaETH$35,813

Perp Volume 7d$6.043b

Solana$5.72b

Arbitrum$299.42m

Avalanche$24m

MegaETH$2,936

Perp Volume 24h$1.481b

Solana$1.457b

Arbitrum$20.88m

Avalanche$2.43m

MegaETH$1,249

Cumulative Perp Volume$503.995b

Arbitrum$307.182b

Solana$167.41b

Avalanche$29.37b

MegaETH$26.79m

Botanix$6.04m

$181.04m

Market Cap$83.84m

$GMX Price$8.01

All Time High$91.07

All Time Low$4.81

View $GMX token page

$83.84m

$106.13m

$GMX Volume 24h$3.3m

CEX Volume$2.33m

DEX Volume$1.38m(41.76% of total)

Staked$49.36m(58.88% of mcap)

Treasury$27.64m

$9.9m

Stablecoins$13.19m

Own Tokens$2.51m

Others$2.03m

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.

Websitegmx-iogmsol-labsX/Twitter
Categories:DerivativesDexs
Products:

Yields

Pools Tracked207

Average Supply APY8.59%

User Activity

Active Addresses (24h)4,127

New Addresses (24h)1

Transactions (24h)3,566

Gas Used (24h)9.31 ETH

Gas Cost (24h)$1,170

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, borrowing fees, swap fees, liquidation fees, and positive price impact distributed from the impact pool, decoded from EventEmitter logsView code on GitHubGMX Solana - Opening/closing fees for 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 GitHubGMX Solana - 25% of all collected fees since 16 January 2026, 70% before.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 GitHubGMX Solana - Daily GT buyback funded by the treasury: 36% of fees from 16 March 2025 to 15 January 2026 (actual amounts on the 14-15 March 2025 launch days), 0 before and since 16 January 2026. GT is GMTrade's own token, not GMX.View 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 $242.44m in total value locked. TVL has increased 2.9% 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 83.2%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $4.82m in fees. Of that, $1.36m was protocol revenue. Based on the trailing year, the annualized rate is $46.63m in fees and $14.95m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.81. Its circulating market capitalization is $81.59m, ranking it #459. Its fully diluted valuation is $81.59m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is down 2.5% over the past 7 days and up 13.4% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91.4% below that level.

Which protocols are included in GMX?

GMX is a parent protocol whose tracked products include GMX V2 Perps, GMX Solana, GMX V1 Perps, GMX V1 AMM, and GMX V2 AMM.

How much trading volume does GMX process?

GMX processed $56.69m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $27.64m. Its holdings include $13.19m in stablecoins, $9.9m in major assets, $2.51m in its own tokens, $2.03m 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.