Logo of GMXGMX(GMX)
Total Value Locked$210.71m

TVL by Chain

Arbitrum$198.84m

Avalanche$11.26m

MegaETH$610,987

Botanix$0

Key Metrics

Fees (Annualized)$31.64m
Fees 30d$1.88m

Arbitrum$1.81m

Avalanche$70,140

Fees 7d$814,297

Arbitrum$789,594

Avalanche$24,703

Fees 24h$74,230

Arbitrum$69,702

Avalanche$4,528

Cumulative Fees$464.83m

Arbitrum$382.27m

Avalanche$82.56m

Revenue (Annualized)$11.71m
Revenue 30d$695,265

Arbitrum$669,314

Avalanche$25,951

Revenue 7d$301,291

Arbitrum$292,150

Avalanche$9,141

Revenue 24h$27,466

Arbitrum$25,790

Avalanche$1,676

Cumulative Revenue$150.81m

Arbitrum$125.3m

Avalanche$25.51m

Holders Revenue (Annualized)$8.54m
Holders Revenue 30d$507,358

Arbitrum$488,420

Avalanche$18,938

Holders Revenue 7d$219,861

Arbitrum$213,191

Avalanche$6,670

Holders Revenue 24h$20,043

Arbitrum$18,820

Avalanche$1,223

Cumulative Holders Revenue$134.58m

Arbitrum$110.13m

Avalanche$24.45m

Incentives 1y$328,174.78

$2,145.39

$48.6

$0

$40.12m

Earnings (Annualized)$11.38m

$693,119.61

$301,242.4

$27,466

$110.68m

DEX Volume 30d$2.97m
DEX Volume 30d by chain

Arbitrum$2.28m

Avalanche$686,921.75

MegaETH$338.74

DEX Volume 7d$2.26m

Arbitrum$2.17m

Avalanche$85,691

MegaETH$264.24

DEX Volume 24h$2.01m

Arbitrum$1.94m

Avalanche$70,018

MegaETH$0

Cumulative DEX Volume$23.148b

Arbitrum$17.594b

Avalanche$5.367b

Solana$185.46m

Botanix$863,503

MegaETH$6,816.8

Perp Volume 30d$2.632b
Perp Volume 30d by chain

Arbitrum$2.547b

Avalanche$84.21m

MegaETH$301,062

Perp Volume 7d$1.105b

Arbitrum$1.083b

Avalanche$21.41m

MegaETH$146,323

Perp Volume 24h$94.95m

Arbitrum$94.13m

Avalanche$822,599

MegaETH$160

Cumulative Perp Volume$333.868b

Arbitrum$304.651b

Avalanche$29.184b

MegaETH$26.75m

Botanix$6.04m

$73.36m

Market Cap$76.85m

$GMX Price$7.35

All Time High$91.07

All Time Low$4.81

View $GMX token page

$76.85m

$97.39m

$GMX Volume 24h$3.75m

CEX Volume$2.1m

DEX Volume$1.84m(49.1% of total)

Staked$46.03m(59.9% of mcap)

$GMX Liquidity$13.64m

Uniswap V3$13.44m

Camelot V3$204,754

Treasury$26.16m

$8.86m

Stablecoins$13.29m

Own Tokens$2.26m

Others$1.75m

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 APY8.77%

User Activity

Active Addresses (24h)2

New Addresses (24h)0

Transactions (24h)3

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 $210.71m in total value locked. TVL has increased 17.5% 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 94.4%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.88m in fees. Of that, $695,265 was protocol revenue. Based on the trailing year, the annualized rate is $31.64m in fees and $11.71m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.35. Its circulating market capitalization is $76.85m, ranking it #437. Its fully diluted valuation is $76.85m. Supply currently stands at 10.45m circulating, 10.45m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 11.9% over the past 7 days and up 10.7% 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 $2.97m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $26.16m. Its holdings include $13.29m in stablecoins, $8.86m in major assets, $2.26m in its own tokens, $1.75m 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.