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GMX(GMX)

Total Value Locked$238.93m

TVL by Chain

Arbitrum$202.21m

Solana$26.53m

Avalanche$9.95m

MegaETH$242,284

Botanix$0

Key Metrics

Fees 30d$5.52m
Fees 30d by chain

Solana$4.35m

Arbitrum$1.06m

Avalanche$112,324

MegaETH$38.24

Fees 7d$1.08m

Solana$813,654

Arbitrum$254,784

Avalanche$12,488

MegaETH$16.14

Fees 24h$305,774

Solana$274,961

Arbitrum$29,524

Avalanche$1,288

MegaETH$0.58

Cumulative Fees$490.14m

Arbitrum$384.23m

Avalanche$82.75m

Solana$23.14m

MegaETH$18,389

Revenue 30d$4m
Revenue 30d by chain

Solana$3.57m

Arbitrum$393,702

Avalanche$41,556

MegaETH$14.01

Revenue 7d$904,413

Solana$805,517

Arbitrum$94,270

Avalanche$4,621

MegaETH$5.85

Revenue 24h$283,612

Solana$272,211

Arbitrum$10,924

Avalanche$477

MegaETH$0.21

Cumulative Revenue$160.53m

Arbitrum$126.02m

Avalanche$25.58m

Solana$8.92m

MegaETH$6,802

Holders Revenue 30d$3.31m
Holders Revenue 30d by chain

Solana$2.99m

Arbitrum$287,297

Avalanche$30,328

MegaETH$10.26

Holders Revenue 7d$744,413

Solana$672,245

Arbitrum$68,793

Avalanche$3,372

MegaETH$4.29

Holders Revenue 24h$154,446

Solana$146,126

Arbitrum$7,972

Avalanche$348

MegaETH$0.16

Cumulative Holders Revenue$138.35m

Arbitrum$110.66m

Avalanche$24.5m

Solana$3.18m

MegaETH$4,964

Incentives 1y$259,855

Incentives 30d$34,220

Incentives 7d$182.15

Incentives 24h$142.75

Cumulative Incentives$40.16m

Earnings (Annualized)$17.48m

Earnings 30d$3.97m

Earnings 7d$904,231

Earnings 24h$283,469

Cumulative Earnings$120.37m

DEX Volume 30d$54.39m
DEX Volume 30d by chain

Arbitrum$50.82m

Avalanche$3.57m

MegaETH$113.15

DEX Volume 7d$10.06m

Arbitrum$9.86m

Avalanche$198,143

MegaETH$105.29

DEX Volume 24h$1.08m

Arbitrum$1.07m

Avalanche$13,124

MegaETH$0

Cumulative DEX Volume$23.242b

Arbitrum$17.678b

Avalanche$5.377b

Solana$185.46m

Botanix$863,503

MegaETH$121,062

Perp Volume 30d$28.106b
Perp Volume 30d by chain

Solana$26.64b

Arbitrum$1.339b

Avalanche$127.02m

MegaETH$34,966

Perp Volume 7d$5.277b

Solana$4.936b

Arbitrum$326.8m

Avalanche$13.73m

MegaETH$7,184

Perp Volume 24h$1.908b

Solana$1.857b

Arbitrum$49.27m

Avalanche$1.68m

MegaETH$1,170

Cumulative Perp Volume$519.152b

Arbitrum$307.595b

Solana$182.118b

Avalanche$29.406b

MegaETH$26.79m

Botanix$6.04m

Open Interest$263.74m

Market Cap$87.32m

$GMX Price$8.34

All Time High$91.07

All Time Low$4.81

View $GMX token page

Fully Diluted Valuation$87.32m

Outstanding FDV$110.51m

$GMX Volume 24h$5.22m

CEX Volume$3.09m

DEX Volume$2.18m(41.83% of total)

Staked$50.81m(58.18% of mcap)

Treasury$25.94m

Majors$9.97m

Stablecoins$10.29m

Own Tokens$3.91m

Others$1.77m

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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 Tracked210

Average Supply APY6.45%

User Activity

Active Addresses (24h)4,403

New Addresses (24h)1

Transactions (24h)3,496

Gas Used (24h)11.39 ETH

Gas Cost (24h)$1,074

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 - 99% of all collected fees since 28 September 2026 (GT Buyback Season 2), 25% from 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 that and from 16 January 2026, and since 28 September 2026 (GT Buyback Season 2) the GT sold to the treasury that day at the GT minting cost, capped at 99% of fees. 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 $238.93m in total value locked. TVL has increased 0.8% 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 84.6%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $5.52m in fees. Of that, $4m was protocol revenue. Based on the trailing year, the annualized rate is $48.23m in fees and $17.74m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $8.21. Its circulating market capitalization is $85.98m, ranking it #430. Its fully diluted valuation is $85.98m. Supply currently stands at 10.47m circulating, 10.47m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 1.3% over the past 7 days and up 13.1% 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 $54.39m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $25.94m. Its holdings include $10.29m in stablecoins, $9.97m in major assets, $3.91m in its own tokens, $1.77m 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.