Logo of GMXGMX(GMX)
Total Value Locked$206.59m

TVL by Chain

Arbitrum$194.79m

Avalanche$11.18m

MegaETH$615,710

Botanix$0

Key Metrics

Fees (Annualized)$31.8m
Fees 30d$1.83m

Arbitrum$1.76m

Avalanche$67,981

Fees 7d$853,564

Arbitrum$831,702

Avalanche$21,862

Fees 24h$50,283

Arbitrum$49,640

Avalanche$643

Cumulative Fees$464.76m

Arbitrum$382.2m

Avalanche$82.55m

Revenue (Annualized)$11.77m
Revenue 30d$675,376

Arbitrum$650,225

Avalanche$25,151

Revenue 7d$315,819

Arbitrum$307,730

Avalanche$8,089

Revenue 24h$18,605

Arbitrum$18,367

Avalanche$238

Cumulative Revenue$150.78m

Arbitrum$125.27m

Avalanche$25.51m

Holders Revenue (Annualized)$8.59m
Holders Revenue 30d$492,845

Arbitrum$474,490

Avalanche$18,355

Holders Revenue 7d$230,462

Arbitrum$224,560

Avalanche$5,902

Holders Revenue 24h$13,576

Arbitrum$13,403

Avalanche$173

Cumulative Holders Revenue$134.56m

Arbitrum$110.11m

Avalanche$24.45m

Incentives 1y$329,030.6

$2,152.84

$48.6

$0

$40.12m

Earnings (Annualized)$11.44m

$673,223.16

$315,770.4

$18,605

$110.66m

DEX Volume 30d$960,723
DEX Volume 30d by chain

Avalanche$617,376.75

Arbitrum$343,008

MegaETH$338.8

DEX Volume 7d$563,955

Avalanche$320,322

Arbitrum$243,369

MegaETH$264.24

DEX Volume 24h$8,180

Arbitrum$7,913

Avalanche$267

MegaETH$0

Cumulative DEX Volume$23.146b

Arbitrum$17.592b

Avalanche$5.367b

Solana$185.46m

Botanix$863,503

MegaETH$6,816.8

Perp Volume 30d$2.558b
Perp Volume 30d by chain

Arbitrum$2.471b

Avalanche$86.44m

MegaETH$301,684

Perp Volume 7d$1.166b

Arbitrum$1.144b

Avalanche$21.69m

MegaETH$153,236

Perp Volume 24h$60.19m

Arbitrum$59.42m

Avalanche$758,809

MegaETH$2,710

Cumulative Perp Volume$333.773b

Arbitrum$304.557b

Avalanche$29.183b

MegaETH$26.75m

Botanix$6.04m

$65.65m

Market Cap$79.15m

$GMX Price$7.57

All Time High$91.07

All Time Low$4.81

View $GMX token page

$79.15m

$100.3m

$GMX Volume 24h$3.1m

CEX Volume$1.55m

DEX Volume$1.64m(52.99% of total)

Staked$47.2m(59.64% of mcap)

$GMX Liquidity$13.64m

Uniswap V3$13.44m

Camelot V3$204,754

Treasury$25.95m

$8.64m

Stablecoins$13.28m

Own Tokens$2.33m

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 Tracked137

Average Supply APY8.26%

User Activity

Active Addresses (24h)1

New Addresses (24h)1

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 $206.59m in total value locked. TVL has increased 15.7% 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 94.3%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.83m in fees. Of that, $675,376 was protocol revenue. Based on the trailing year, the annualized rate is $31.8m in fees and $11.77m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.54. Its circulating market capitalization is $78.77m, ranking it #427. Its fully diluted valuation is $78.77m. Supply currently stands at 10.45m circulating, 10.45m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 11.4% over the past 7 days and up 8.8% 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 $960,723 in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $25.95m. Its holdings include $13.28m in stablecoins, $8.64m in major assets, $2.33m 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.