Ask about GMX

Logo of GMXGMX(GMX)

Total Value Locked$243.28m

TVL by Chain

Arbitrum$202.89m

Solana$28.53m

Avalanche$11.3m

MegaETH$565,790

Botanix$0

Key Metrics

Fees 30d$4.08m
Fees 30d by chain

Solana$2.77m

Arbitrum$1.19m

Avalanche$123,908

MegaETH$20.68

Fees 7d$677,883

Solana$328,821

Arbitrum$314,786

Avalanche$34,273

MegaETH$3.43

Fees 24h$26,227

Arbitrum$22,347

Avalanche$3,880

MegaETH$0

Cumulative Fees$486.15m

Arbitrum$383.65m

Avalanche$82.7m

Solana$19.78m

MegaETH$18,363

Revenue 30d$1.18m
Revenue 30d by chain

Solana$692,096

Arbitrum$440,590

Avalanche$45,843

MegaETH$7.64

Revenue 7d$211,357

Arbitrum$116,471

Solana$82,205

Avalanche$12,680

MegaETH$1.27

Revenue 24h$9,704

Arbitrum$8,268

Avalanche$1,436

MegaETH$0

Cumulative Revenue$156.98m

Arbitrum$125.81m

Avalanche$25.56m

Solana$5.6m

MegaETH$6,793

Holders Revenue 30d$354,971
Holders Revenue 30d by chain

Arbitrum$321,510

Avalanche$33,456

MegaETH$5.55

Solana$0

Holders Revenue 7d$94,248

Arbitrum$84,992

Avalanche$9,255

MegaETH$0.92

Solana$0

Holders Revenue 24h$7,082

Arbitrum$6,034

Avalanche$1,048

MegaETH$0

Cumulative Holders Revenue$135.19m

Arbitrum$110.5m

Avalanche$24.49m

Solana$194,434

MegaETH$4,957

Incentives 1y$249,913

$5,985

$131.93

$0

$40.13m

Earnings (Annualized)$14.61m

$1.17m

$211,225

$9,704

$116.84m

DEX Volume 30d$58.43m
DEX Volume 30d by chain

Arbitrum$50.92m

Avalanche$7.5m

MegaETH$263.02

DEX Volume 7d$16.49m

Arbitrum$15.22m

Avalanche$1.26m

MegaETH$0.84

DEX Volume 24h$1.13m

Arbitrum$1.1m

Avalanche$33,367

MegaETH$0

Cumulative DEX Volume$23.217b

Arbitrum$17.653b

Avalanche$5.377b

Solana$185.46m

Botanix$863,503

MegaETH$120,951

Perp Volume 30d$22.518b
Perp Volume 30d by chain

Solana$20.773b

Arbitrum$1.609b

Avalanche$136.01m

MegaETH$32,877

Perp Volume 7d$2.392b

Solana$1.925b

Arbitrum$431.05m

Avalanche$35.23m

MegaETH$5,728

Perp Volume 24h$95.64m

Solana$61.69m

Arbitrum$29.86m

Avalanche$4.09m

Cumulative Perp Volume$499.097b

Arbitrum$307.037b

Solana$162.667b

Avalanche$29.359b

MegaETH$26.79m

Botanix$6.04m

$149.92m

Market Cap$86.64m

$GMX Price$8.28

All Time High$91.07

All Time Low$4.81

View $GMX token page

$86.64m

$109.71m

$GMX Volume 24h$3.65m

CEX Volume$2.48m

DEX Volume$1.1m(30.19% of total)

Staked$51.65m(59.61% of mcap)

Treasury$27.61m

$9.32m

Stablecoins$13.75m

Own Tokens$2.55m

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 Tracked207

Average Supply APY19.96%

User Activity

Active Addresses (24h)1

New Addresses (24h)0

Transactions (24h)1

Gas Used (24h)0.01 ETH

Gas Cost (24h)$0.07

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 $243.28m in total value locked. TVL has increased 2.6% 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 83.4%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $4.08m in fees. Of that, $1.18m was protocol revenue. Based on the trailing year, the annualized rate is $46.04m in fees and $14.86m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $8.37. Its circulating market capitalization is $87.51m, ranking it #453. Its fully diluted valuation is $87.51m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 7.3% over the past 7 days and up 9% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 90.8% 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 $58.43m 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 $13.75m in stablecoins, $9.32m in major assets, $2.55m 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.