Ask about GMX · freeTotal Value Locked$241.1m
TVL by Chain
Arbitrum$204.14m
Solana$26.71m
Avalanche$10.01m
MegaETH$242,910
Botanix$0
Key Metrics
Fees 30d$5.64m
Fees 30d by chain
Solana$4.47m
Arbitrum$1.06m
Avalanche$111,140
MegaETH$34.06
Fees 7d$1.18m
Solana$932,733
Arbitrum$236,935
Avalanche$13,957
MegaETH$16.34
Fees 24h$317,923
Solana$257,927
Arbitrum$55,952
Avalanche$4,043
MegaETH$0.50
Cumulative Fees$490.45m
Arbitrum$384.28m
Avalanche$82.75m
Solana$23.4m
MegaETH$18,389
Revenue 30d$4.22m
Revenue 30d by chain
Solana$3.79m
Arbitrum$393,661
Avalanche$41,118
MegaETH$12.47
Revenue 7d$1.02m
Solana$923,406
Arbitrum$87,666
Avalanche$5,165
MegaETH$5.93
Revenue 24h$277,546
Solana$255,348
Arbitrum$20,702
Avalanche$1,496
MegaETH$0.19
Cumulative Revenue$160.8m
Arbitrum$126.04m
Avalanche$25.58m
Solana$9.17m
MegaETH$6,802
Holders Revenue 30d$3.56m
Holders Revenue 30d by chain
Solana$3.24m
Arbitrum$287,267
Avalanche$30,008
MegaETH$9.14
Holders Revenue 7d$860,635
Solana$792,890
Arbitrum$63,974
Avalanche$3,768
MegaETH$4.35
Holders Revenue 24h$271,546
Solana$255,348
Arbitrum$15,107
Avalanche$1,091
MegaETH$0.14
Cumulative Holders Revenue$138.62m
Arbitrum$110.67m
Avalanche$24.5m
Solana$3.44m
MegaETH$4,964
Incentives 1y$253,773
Incentives 30d$28,512
Incentives 7d$182.15
Incentives 24h$0.0000043
Cumulative Incentives$40.16m
Earnings (Annualized)$17.76m
Earnings 30d$4.19m
Earnings 7d$1.02m
Earnings 24h$277,546
Cumulative Earnings$120.64m
DEX Volume 30d$54.51m
DEX Volume 30d by chain
Arbitrum$51.09m
Avalanche$3.42m
MegaETH$112.53
DEX Volume 7d$9.48m
Arbitrum$9.3m
Avalanche$177,620
MegaETH$105.29
DEX Volume 24h$2.24m
Arbitrum$2.2m
Avalanche$42,793
MegaETH$0
Cumulative DEX Volume$23.244b
Arbitrum$17.68b
Avalanche$5.377b
Solana$185.46m
Botanix$863,503
MegaETH$121,062
Perp Volume 30d$29.192b
Perp Volume 30d by chain
Solana$27.715b
Arbitrum$1.35b
Avalanche$126.81m
MegaETH$29,502
Perp Volume 7d$6.567b
Solana$6.232b
Arbitrum$317.9m
Avalanche$16.53m
MegaETH$7,583
Perp Volume 24h$2.254b
Solana$2.185b
Arbitrum$63.16m
Avalanche$5.74m
MegaETH$1,006
Cumulative Perp Volume$520.873b
Arbitrum$307.772b
Solana$183.653b
Avalanche$29.415b
MegaETH$26.8m
Botanix$6.04m
Open Interest$264.71m
Market Cap$92.38m
$GMX Price$8.65
Fully Diluted Valuation$92.38m
Outstanding FDV$114.61m
$GMX Volume 24h$7.11m
CEX Volume$4.54m
DEX Volume$2.79m(39.28% of total)
Staked$52.09m(56.38% of mcap)
Treasury$28.3m
Majors$10.1m
Stablecoins$10.48m
Own Tokens$5.91m
Others$1.8m
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.
- GMX EVMDerivatives
- GMX SolanaDerivatives
- GMX V1 EVMDerivatives
- GMX V1 AMMDexs
- GMX AMMDexs
Yields
Pools Tracked209
Average Supply APY5.4%
User Activity
Active Addresses (24h)4,310
New Addresses (24h)0
Transactions (24h)5,159
Gas Used (24h)18.57 ETH
Gas Cost (24h)$1,559
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
Revenue:
Holders Revenue:
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 EVM
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 EVM
Amount: $42m
Classification: Reentrancy
Technique: Reentrancy
Chains: Arbitrum
Language: Solidity
Target Type: DeFi Protocol
Returned Funds: $40m
GMX history
TVL is the default DefiLlama definition, which excludes Staking. Daily values are UTC snapshots from Sep 1, 2021 to Oct 16, 2026.
All-time high TVL: $710.76m on May 6, 2023. All-time low TVL: $9,834 on Sep 1, 2021.
Daily TVL, Sep 17, 2026 to Oct 16, 2026
| Date | TVL |
|---|---|
| Sep 17, 2026 | $234.33m |
| Sep 18, 2026 | $235.08m |
| Sep 19, 2026 | $244.56m |
| Sep 20, 2026 | $245.74m |
| Sep 21, 2026 | $243.97m |
| Sep 22, 2026 | $246.19m |
| Sep 23, 2026 | $247.44m |
| Sep 24, 2026 | $241.73m |
| Sep 25, 2026 | $241.94m |
| Sep 26, 2026 | $244.01m |
| Sep 27, 2026 | $244.85m |
| Sep 28, 2026 | $243.28m |
| Sep 29, 2026 | $241.35m |
| Sep 30, 2026 | $240.02m |
| Oct 1, 2026 | $240.17m |
| Oct 2, 2026 | $242.3m |
| Oct 3, 2026 | $245.36m |
| Oct 4, 2026 | $246.03m |
| Oct 5, 2026 | $247.3m |
| Oct 6, 2026 | $245.8m |
| Oct 7, 2026 | $248.17m |
| Oct 8, 2026 | $242.18m |
| Oct 9, 2026 | $240.29m |
| Oct 10, 2026 | $241.3m |
| Oct 11, 2026 | $242.2m |
| Oct 12, 2026 | $244.41m |
| Oct 13, 2026 | $239.96m |
| Oct 14, 2026 | $243.51m |
| Oct 15, 2026 | $240.62m |
| Oct 16, 2026 | $241.66m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $662.4m |
| Dec 31, 2024 | $525.1m |
| Jan 31, 2025 | $534.99m |
| Feb 28, 2025 | $439.74m |
| Mar 31, 2025 | $390.61m |
| Apr 30, 2025 | $384.39m |
| May 31, 2025 | $461.25m |
| Jun 30, 2025 | $486.32m |
| Jul 31, 2025 | $479.87m |
| Aug 31, 2025 | $566.78m |
| Sep 30, 2025 | $513.89m |
| Oct 31, 2025 | $466.69m |
| Nov 30, 2025 | $387.41m |
| Dec 31, 2025 | $387.67m |
| Jan 31, 2026 | $368.1m |
| Feb 28, 2026 | $271.86m |
| Mar 31, 2026 | $276.41m |
| Apr 30, 2026 | $272.39m |
| May 31, 2026 | $237.7m |
| Jun 30, 2026 | $208.89m |
| Jul 31, 2026 | $213.65m |
| Aug 31, 2026 | $238.04m |
| Sep 30, 2026 | $240.02m |
| Oct 16, 2026 (latest) | $241.66m |
TVL at each year end, Dec 31, 2021 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2021 | $107.05m |
| Dec 31, 2022 | $463.02m |
| Dec 31, 2023 | $616.34m |
| Dec 31, 2024 | $525.1m |
| Dec 31, 2025 | $387.67m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $10.62m | $3.81m | $2.92m |
| Dec 2024 | $11.97m | $4.32m | $3.28m |
| Jan 2025 | $9.91m | $3.56m | $2.72m |
| Feb 2025 | $8.54m | $3.08m | $2.34m |
| Mar 2025 | $5.21m | $2.27m | $1.2m |
| Apr 2025 | $19.41m | $6.23m | $5.66m |
| May 2025 | $5.15m | $1.89m | $1.4m |
| Jun 2025 | $5.33m | $1.96m | $1.45m |
| Jul 2025 | $6.01m | $2.19m | $1.66m |
| Aug 2025 | $5.72m | $2.12m | $1.55m |
| Sep 2025 | $4.71m | $1.75m | $1.27m |
| Oct 2025 | $2.49m | $926,516 | $673,030 |
| Nov 2025 | $2.56m | $955,017 | $693,289 |
| Dec 2025 | $2.5m | $932,568 | $676,959 |
| Jan 2026 | $2.97m | $1.09m | $771,120 |
| Feb 2026 | $2.98m | $1.03m | $640,939 |
| Mar 2026 | $4.67m | $1.59m | $941,967 |
| Apr 2026 | $3.9m | $1.25m | $622,512 |
| May 2026 | $5.24m | $1.55m | $541,759 |
| Jun 2026 | $4.82m | $1.45m | $545,085 |
| Jul 2026 | $4.8m | $1.41m | $473,307 |
| Aug 2026 | $5m | $1.47m | $491,779 |
| Sep 2026 | $4.72m | $1.93m | $1.09m |
| Oct 2026 (to date) | $3.38m | $2.99m | $2.67m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/gmx
Frequently asked questions
What is GMX's TVL?
As of Oct 16, 2026, GMX has $241.1m in total value locked. TVL has increased 3.4% 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 84.7%.
How much has GMX generated in fees and revenue?
Over the past 30 days, GMX generated $5.64m in fees. Of that, $4.22m was protocol revenue. Based on the trailing year, the annualized rate is $48.54m in fees and $18.01m in revenue.
What is the GMX token price and valuation?
GMX is currently trading at $8.65. Its circulating market capitalization is $92.38m, ranking it #424. Its fully diluted valuation is $92.38m. Supply currently stands at 10.68m circulating, 10.68m total supply, 13.25m maximum supply.
How has GMX performed recently?
GMX is up 1.4% over the past 7 days and up 22.9% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 90.5% below that level.
Which protocols are included in GMX?
GMX is a parent protocol whose tracked products include GMX EVM, GMX Solana, GMX V1 EVM, GMX V1 AMM, and GMX AMM.
How much trading volume does GMX process?
GMX processed $54.51m in DEX volume over the past 30 days.
Does GMX have a treasury?
GMX has a tracked treasury currently valued at $28.3m. Its holdings include $10.48m in stablecoins, $10.1m in major assets, $5.91m in its own tokens, $1.8m 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.