Ask about GMX

Logo of GMXGMX(GMX)

Total Value Locked$244.18m

TVL by Chain

Arbitrum$202.49m

Solana$29.8m

Avalanche$11.32m

MegaETH$566,803

Botanix$0

Key Metrics

Fees 30d$4.39m
Fees 30d by chain

Solana$3.03m

Arbitrum$1.22m

Avalanche$130,269

MegaETH$31.82

Fees 7d$748,889

Solana$364,911

Arbitrum$342,005

Avalanche$41,966

MegaETH$7.92

Fees 24h$88,729

Arbitrum$57,156

Solana$28,371

Avalanche$3,202

MegaETH$0

Cumulative Fees$486.09m

Arbitrum$383.6m

Avalanche$82.69m

Solana$19.77m

MegaETH$18,362.65

Revenue 30d$1.26m
Revenue 30d by chain

Solana$758,279

Arbitrum$452,541

Avalanche$48,196

MegaETH$11.77

Revenue 7d$233,299

Arbitrum$126,542

Solana$91,228

Avalanche$15,526

MegaETH$2.93

Revenue 24h$29,426

Arbitrum$21,148

Solana$7,093

Avalanche$1,185

MegaETH$0

Cumulative Revenue$156.95m

Arbitrum$125.79m

Avalanche$25.56m

Solana$5.6m

MegaETH$6,792.83

Holders Revenue 30d$365,411
Holders Revenue 30d by chain

Arbitrum$330,230

Avalanche$35,173

MegaETH$8.57

Solana$0

Holders Revenue 7d$103,674

Arbitrum$92,340

Avalanche$11,332

MegaETH$2.13

Solana$0

Holders Revenue 24h$16,296

Arbitrum$15,432

Avalanche$864

MegaETH$0

Solana$0

Cumulative Holders Revenue$135.18m

Arbitrum$110.49m

Avalanche$24.49m

Solana$194,434

MegaETH$4,956.78

Incentives 1y$252,071.87

$9,114.08

$145.4

$0

$40.13m

Earnings (Annualized)$14.65m

$1.25m

$233,153.6

$29,426

$116.82m

DEX Volume 30d$63.55m
DEX Volume 30d by chain

Arbitrum$54.24m

Avalanche$9.32m

MegaETH$263.18

DEX Volume 7d$19.57m

Arbitrum$17.75m

Avalanche$1.81m

MegaETH$1.64

DEX Volume 24h$4.04m

Arbitrum$3.98m

Avalanche$55,051

MegaETH$0

Cumulative DEX Volume$23.215b

Arbitrum$17.652b

Avalanche$5.377b

Solana$185.46m

Botanix$863,503.4

MegaETH$120,951.36

Perp Volume 30d$24.567b
Perp Volume 30d by chain

Solana$22.78b

Arbitrum$1.645b

Avalanche$141.13m

MegaETH$35,125

Perp Volume 7d$2.544b

Solana$2.056b

Arbitrum$442.54m

Avalanche$45.83m

MegaETH$14,425

Perp Volume 24h$295.22m

Solana$202.66m

Arbitrum$88.27m

Avalanche$4.29m

Cumulative Perp Volume$498.942b

Arbitrum$306.97b

Solana$162.588b

Avalanche$29.351b

MegaETH$26.79m

Botanix$6.04m

$154.61m

Market Cap$85.29m

$GMX Price$8.15

All Time High$91.07

All Time Low$4.81

View $GMX token page

$85.29m

$107.99m

$GMX Volume 24h$3.5m

CEX Volume$2.34m

DEX Volume$1.26m(36.06% of total)

Staked$50.19m(58.86% of mcap)

Treasury$27.61m

$9.34m

Stablecoins$13.76m

Own Tokens$2.52m

Others$1.99m

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 Tracked204

Average Supply APY21.12%

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, 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 $244.18m in total value locked. TVL has increased 0.9% 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 82.9%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $4.39m in fees. Of that, $1.26m was protocol revenue. Based on the trailing year, the annualized rate is $46.15m in fees and $14.9m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $8.17. Its circulating market capitalization is $85.5m, ranking it #453. Its fully diluted valuation is $85.5m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 4.8% over the past 7 days and up 9.2% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91% 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 $63.55m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $27.61m. Its holdings include $13.76m in stablecoins, $9.34m in major assets, $2.52m in its own tokens, $1.99m 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.