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GMX(GMX)

Total Value Locked$242.31m

TVL by Chain

Arbitrum$203.67m

Solana$27.85m

Avalanche$10.22m

MegaETH$564,028

Botanix$0

Key Metrics

Fees 30d$5.4m
Fees 30d by chain

Solana$4.26m

Arbitrum$1.03m

Avalanche$113,176

MegaETH$23.51

Fees 7d$1.61m

Solana$1.36m

Arbitrum$230,154

Avalanche$17,521

MegaETH$2.65

Fees 24h$27,350

Arbitrum$16,992

Solana$8,521

Avalanche$1,837

MegaETH$0.47

Cumulative Fees$489.37m

Arbitrum$384.05m

Avalanche$82.74m

Solana$22.57m

MegaETH$18,373

Revenue 30d$1.49m
Revenue 30d by chain

Solana$1.07m

Arbitrum$379,464

Avalanche$41,871

MegaETH$8.68

Revenue 7d$431,732

Solana$340,094

Arbitrum$85,156

Avalanche$6,482

MegaETH$0.98

Revenue 24h$9,097

Arbitrum$6,287

Solana$2,130

Avalanche$680

MegaETH$0.17

Cumulative Revenue$157.83m

Arbitrum$125.95m

Avalanche$25.57m

Solana$6.3m

MegaETH$6,797

Holders Revenue 30d$307,470
Holders Revenue 30d by chain

Arbitrum$276,907

Avalanche$30,557

MegaETH$6.35

Solana$0

Holders Revenue 7d$66,874

Arbitrum$62,143

Avalanche$4,731

MegaETH$0.73

Solana$0

Holders Revenue 24h$5,084

Arbitrum$4,588

Avalanche$496

MegaETH$0.13

Solana$0

Cumulative Holders Revenue$135.31m

Arbitrum$110.61m

Avalanche$24.5m

Solana$194,434

MegaETH$4,960

Incentives 1y$260,464

$34,053

$21,443

$0

$40.16m

Earnings (Annualized)$14.89m

$1.45m

$410,289

$9,097

$117.67m

DEX Volume 30d$55.06m
DEX Volume 30d by chain

Arbitrum$50.83m

Avalanche$4.24m

MegaETH$8.91

DEX Volume 7d$10.82m

Arbitrum$10.51m

Avalanche$302,264

MegaETH$1.05

DEX Volume 24h$917,896

Arbitrum$856,460

Avalanche$61,435

MegaETH$0.97

Cumulative DEX Volume$23.236b

Arbitrum$17.672b

Avalanche$5.377b

Solana$185.46m

Botanix$863,503

MegaETH$120,958

Perp Volume 30d$28.117b
Perp Volume 30d by chain

Solana$26.726b

Arbitrum$1.264b

Avalanche$127.76m

MegaETH$30,542

Perp Volume 7d$8.796b

Solana$8.494b

Arbitrum$280.51m

Avalanche$21.23m

MegaETH$5,247

Perp Volume 24h$35.92m

Arbitrum$23.05m

Solana$10.22m

Avalanche$2.65m

MegaETH$890

Cumulative Perp Volume$515.792b

Arbitrum$307.513b

Solana$178.844b

Avalanche$29.402b

MegaETH$26.8m

Botanix$6.04m

$162.96m

Market Cap$88.59m

$GMX Price$8.46

All Time High$91.07

All Time Low$4.81

View $GMX token page

$88.59m

$112.1m

$GMX Volume 24h$3.93m

CEX Volume$2.57m

DEX Volume$1.68m(42.73% of total)

Staked$51.84m(58.52% of mcap)

Treasury$23.81m

$9.22m

Stablecoins$10.11m

Own Tokens$2.61m

Others$1.87m

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 Tracked208

Average Supply APY6.96%

User Activity

Active Addresses (24h)1,335

New Addresses (24h)0

Transactions (24h)2,179

Gas Used (24h)7.6 ETH

Gas Cost (24h)$661

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 $242.31m in total value locked. TVL has increased 2.9% 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 84.1%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $5.4m in fees. Of that, $1.49m was protocol revenue. Based on the trailing year, the annualized rate is $47.75m in fees and $15.16m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $8.51. Its circulating market capitalization is $89.09m, ranking it #441. Its fully diluted valuation is $89.09m. Supply currently stands at 10.47m circulating, 10.47m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 3% over the past 7 days and up 14.3% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 90.7% 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 $55.06m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $23.81m. Its holdings include $10.11m in stablecoins, $9.22m in major assets, $2.61m in its own tokens, $1.87m 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.