Logo of GMXGMX(GMX)
Total Value Locked$209.2m

TVL by Chain

Arbitrum$198.29m

Avalanche$10.3m

MegaETH$610,964

Botanix$0

Key Metrics

Fees (Annualized)$30.8m
Fees 30d$1.79m

Arbitrum$1.71m

Avalanche$82,799

Fees 7d$330,767

Arbitrum$296,845

Avalanche$33,922

Fees 24h$33,220

Arbitrum$27,252

Avalanche$5,968

Cumulative Fees$465.09m

Arbitrum$382.5m

Avalanche$82.59m

Revenue (Annualized)$11.4m
Revenue 30d$662,493

Arbitrum$631,859

Avalanche$30,634

Revenue 7d$122,384

Arbitrum$109,833

Avalanche$12,551

Revenue 24h$12,291

Arbitrum$10,083

Avalanche$2,208

Cumulative Revenue$150.9m

Arbitrum$125.38m

Avalanche$25.52m

Holders Revenue (Annualized)$8.32m
Holders Revenue 30d$483,444

Arbitrum$461,088

Avalanche$22,356

Holders Revenue 7d$89,309

Arbitrum$80,149

Avalanche$9,160

Holders Revenue 24h$8,969

Arbitrum$7,358

Avalanche$1,611

Cumulative Holders Revenue$134.65m

Arbitrum$110.19m

Avalanche$24.46m

Incentives 1y$294,165.63

$5,000.3

$3,194.17

$4.13

$40.13m

Earnings (Annualized)$11.1m

$657,492.7

$119,189.83

$12,286.87

$110.78m

DEX Volume 30d$18.1m
DEX Volume 30d by chain

Arbitrum$13.71m

Avalanche$4.39m

MegaETH$317.84

DEX Volume 7d$17.23m

Arbitrum$13.43m

Avalanche$3.8m

MegaETH$0.16

DEX Volume 24h$3.53m

Arbitrum$1.89m

Avalanche$1.64m

MegaETH$0

Cumulative DEX Volume$23.163b

Arbitrum$17.606b

Avalanche$5.371b

Solana$185.46m

Botanix$863,503

MegaETH$6,816.96

Perp Volume 30d$2.495b
Perp Volume 30d by chain

Arbitrum$2.407b

Avalanche$87.28m

MegaETH$247,619

Perp Volume 7d$445.16m

Arbitrum$415.12m

Avalanche$30.04m

MegaETH$2,686

Perp Volume 24h$42.69m

Arbitrum$39.35m

Avalanche$3.34m

MegaETH$0

Cumulative Perp Volume$334.218b

Arbitrum$304.972b

Avalanche$29.214b

MegaETH$26.76m

Botanix$6.04m

$72.65m

Market Cap$78.51m

$GMX Price$7.51

All Time High$91.07

All Time Low$4.81

View $GMX token page

$78.51m

$99.51m

$GMX Volume 24h$3.53m

CEX Volume$1.84m

DEX Volume$1.73m(48.9% of total)

Staked$46.86m(59.69% of mcap)

$GMX Liquidity$13.64m

Uniswap V3$13.44m

Camelot V3$204,754

Treasury$25.32m

$8.46m

Stablecoins$12.83m

Own Tokens$2.31m

Others$1.73m

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 APY8.4%

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 $209.2m in total value locked. TVL has increased 19.5% 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 94.8%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.79m in fees. Of that, $662,493 was protocol revenue. Based on the trailing year, the annualized rate is $30.8m in fees and $11.4m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.51. Its circulating market capitalization is $78.53m, ranking it #434. Its fully diluted valuation is $78.53m. Supply currently stands at 10.45m circulating, 10.45m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is down 1.1% over the past 7 days and up 25.3% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91.8% 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 $18.1m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $25.32m. Its holdings include $12.83m in stablecoins, $8.46m in major assets, $2.31m in its own tokens, $1.73m 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.