Logo of GMXGMX(GMX)
Total Value Locked$207.84m

TVL by Chain

Arbitrum$196.04m

Avalanche$11.19m

MegaETH$610,995

Botanix$0

Key Metrics

Fees (Annualized)$31.42m
Fees 30d$1.91m

Arbitrum$1.84m

Avalanche$71,390

Fees 7d$762,843

Arbitrum$742,191

Avalanche$20,652

Fees 24h$67,911

Arbitrum$64,836

Avalanche$3,075

Cumulative Fees$464.9m

Arbitrum$382.34m

Avalanche$82.56m

Revenue (Annualized)$11.63m
Revenue 30d$707,692

Arbitrum$681,278

Avalanche$26,414

Revenue 7d$282,253

Arbitrum$274,611

Avalanche$7,642

Revenue 24h$25,127

Arbitrum$23,989

Avalanche$1,138

Cumulative Revenue$150.83m

Arbitrum$125.32m

Avalanche$25.51m

Holders Revenue (Annualized)$8.48m
Holders Revenue 30d$516,426

Arbitrum$497,151

Avalanche$19,275

Holders Revenue 7d$205,969

Arbitrum$200,393

Avalanche$5,576

Holders Revenue 24h$18,336

Arbitrum$17,506

Avalanche$830

Cumulative Holders Revenue$134.6m

Arbitrum$110.15m

Avalanche$24.45m

Incentives 1y$323,593.63

$2,206.31

$104.89

$60.92

$40.12m

Earnings (Annualized)$11.3m

$705,485.69

$282,148.11

$25,066.08

$110.71m

DEX Volume 30d$5.39m
DEX Volume 30d by chain

Arbitrum$4.57m

Avalanche$821,394.75

MegaETH$327.74

DEX Volume 7d$4.68m

Arbitrum$4.48m

Avalanche$207,360

MegaETH$264.24

DEX Volume 24h$2.44m

Arbitrum$2.31m

Avalanche$134,489

MegaETH$0

Cumulative DEX Volume$23.15b

Arbitrum$17.596b

Avalanche$5.367b

Solana$185.46m

Botanix$863,503

MegaETH$6,816.8

Perp Volume 30d$2.693b
Perp Volume 30d by chain

Arbitrum$2.607b

Avalanche$85.52m

MegaETH$301,138

Perp Volume 7d$1.04b

Arbitrum$1.02b

Avalanche$18.87m

MegaETH$145,928

Perp Volume 24h$99.18m

Arbitrum$95.71m

Avalanche$3.47m

MegaETH$159

Cumulative Perp Volume$333.967b

Arbitrum$304.747b

Avalanche$29.188b

MegaETH$26.75m

Botanix$6.04m

$65.96m

Market Cap$77.11m

$GMX Price$7.38

All Time High$91.07

All Time Low$4.81

View $GMX token page

$77.11m

$97.79m

$GMX Volume 24h$2.76m

CEX Volume$1.4m

DEX Volume$1.45m(52.56% of total)

Staked$46.1m(59.78% of mcap)

$GMX Liquidity$13.64m

Uniswap V3$13.44m

Camelot V3$204,754

Treasury$25.46m

$8.67m

Stablecoins$12.88m

Own Tokens$2.24m

Others$1.68m

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 APY8.68%

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 $207.84m in total value locked. TVL has increased 14% 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 $1.91m in fees. Of that, $707,692 was protocol revenue. Based on the trailing year, the annualized rate is $31.42m in fees and $11.63m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.38. Its circulating market capitalization is $77.1m, ranking it #434. Its fully diluted valuation is $77.1m. Supply currently stands at 10.45m circulating, 10.45m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 10.4% over the past 7 days and up 8.7% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91.9% 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 $5.39m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $25.46m. Its holdings include $12.88m in stablecoins, $8.67m in major assets, $2.24m in its own tokens, $1.68m 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.