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GMX(GMX)

Total Value Locked$241.87m

TVL by Chain

Arbitrum$203.21m

Solana$27.82m

Avalanche$10.28m

MegaETH$564,573

Botanix$0

Key Metrics

Fees 30d$5.56m
Fees 30d by chain

Solana$4.39m

Arbitrum$1.06m

Avalanche$112,178

MegaETH$23.05

Fees 7d$1.59m

Solana$1.35m

Arbitrum$222,489

Avalanche$17,571

MegaETH$2.44

Fees 24h$147,287

Solana$120,552

Arbitrum$25,891

Avalanche$844

MegaETH$0.48

Cumulative Fees$489.36m

Arbitrum$384.05m

Avalanche$82.74m

Solana$22.56m

MegaETH$18,373

Revenue 30d$1.53m
Revenue 30d by chain

Solana$1.1m

Arbitrum$390,872

Avalanche$41,501

MegaETH$8.51

Revenue 7d$426,784

Solana$337,964

Arbitrum$82,320

Avalanche$6,500

MegaETH$0.90

Revenue 24h$40,030

Solana$30,138

Arbitrum$9,580

Avalanche$312

MegaETH$0.18

Cumulative Revenue$157.83m

Arbitrum$125.96m

Avalanche$25.57m

Solana$6.29m

MegaETH$6,797

Holders Revenue 30d$315,524
Holders Revenue 30d by chain

Arbitrum$285,231

Avalanche$30,287

MegaETH$6.22

Solana$0

Holders Revenue 7d$64,817

Arbitrum$60,073

Avalanche$4,744

MegaETH$0.67

Solana$0

Holders Revenue 24h$7,219

Arbitrum$6,991

Avalanche$228

MegaETH$0.13

Solana$0

Cumulative Holders Revenue$135.31m

Arbitrum$110.61m

Avalanche$24.5m

Solana$194,434

MegaETH$4,960

Incentives 1y$260,511

$34,053

$21,443

$0.78

$40.16m

Earnings (Annualized)$14.99m

$1.5m

$405,341

$40,029

$117.67m

DEX Volume 30d$54.75m
DEX Volume 30d by chain

Arbitrum$50.53m

Avalanche$4.22m

MegaETH$8.59

DEX Volume 7d$10.44m

Arbitrum$10.19m

Avalanche$254,159

MegaETH$0.08

DEX Volume 24h$531,022

Arbitrum$517,438

Avalanche$13,584

MegaETH$0.08

Cumulative DEX Volume$23.235b

Arbitrum$17.671b

Avalanche$5.377b

Solana$185.46m

Botanix$863,503

MegaETH$120,957

Perp Volume 30d$29.277b
Perp Volume 30d by chain

Solana$27.862b

Arbitrum$1.289b

Avalanche$125.93m

MegaETH$29,664

Perp Volume 7d$8.838b

Solana$8.546b

Arbitrum$270.99m

Avalanche$20.98m

MegaETH$4,877

Perp Volume 24h$799.25m

Solana$763.48m

Arbitrum$34.94m

Avalanche$831,109

MegaETH$944

Cumulative Perp Volume$515.756b

Arbitrum$307.489b

Solana$178.834b

Avalanche$29.399b

MegaETH$26.8m

Botanix$6.04m

$162.33m

Market Cap$88.57m

$GMX Price$8.46

All Time High$91.07

All Time Low$4.81

View $GMX token page

$88.57m

$112.1m

$GMX Volume 24h$4.69m

CEX Volume$3.05m

DEX Volume$1.77m(37.79% of total)

Staked$51.98m(58.69% of mcap)

Treasury$23.68m

$9.18m

Stablecoins$10.02m

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 Tracked209

Average Supply APY7.07%

User Activity

Active Addresses (24h)4,005

New Addresses (24h)0

Transactions (24h)3,445

Gas Used (24h)9.21 ETH

Gas Cost (24h)$1,025

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 $241.87m in total value locked. TVL has increased 2.4% 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%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $5.56m in fees. Of that, $1.53m was protocol revenue. Based on the trailing year, the annualized rate is $48m in fees and $15.25m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $8.46. Its circulating market capitalization is $88.57m, ranking it #440. Its fully diluted valuation is $88.57m. Supply currently stands at 10.47m circulating, 10.47m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 5.7% over the past 7 days and up 11.5% 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 $54.75m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $23.68m. Its holdings include $10.02m in stablecoins, $9.18m 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.