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GMTrade
DEXOpen Interest
$158.08mKey Metrics
Volume (30d)$20.68b
7d$7.731b
24h$1.231b
All-time$130.81b
Turnover (30d)130.8x
Markets23
Reference Assets23
Asset Groups6
Share of DEX OI4.4%
Est. Fees (30d)$10.34m
24h$615,487
All-time$65.41m
Est. Annual$125.8m
Taker Fee2.4 bps
Markets
| Market | Open Interest | Volume | Price | Funding | Est. Fees | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | Asset Type | Access Model | Pair | Interval | ||||||||||||
| gmtrade:usdchf-usdUS Dollar / Swiss Franc | Forex Perps | Permissionless | $22.71m | -0.77% | $742,821 | $169.38m | $3.996b | USDCHF-USDC | $0.82 | +0.37% | 0% | 0% | 8h | $371.41 | $2m | |
| gmtrade:aud-usdAustralian Dollar | Forex Perps | Permissionless | $22.37m | -2.63% | $119.49m | $1.011b | $2.371b | AUD-USDC | $0.69 | -0.78% | 0% | 0% | 8h | $59,744 | $1.19m | |
| gmtrade:eur-usdEuro | Forex Perps | Permissionless | $22.33m | -0.28% | $180.04m | $1.273b | $2.587b | EUR-USDC | $1.12 | -0.47% | 0% | 0% | 8h | $90,021 | $1.29m | |
| gmtrade:usdjpy-usdUS Dollar / Japanese Yen | Forex Perps | Permissionless | $20.53m | +0.47% | $700.11m | $2.98b | $3.346b | USDJPY-USDC | $158.33 | +0.56% | 0% | 0% | 8h | $350,053 | $1.67m | |
| gmtrade:gbp-usdBritish Pound | Forex Perps | Permissionless | $19.21m | +0.65% | $5.68m | $79.25m | $862.32m | GBP-USDC | $1.34 | -0.49% | 0% | 0% | 8h | $2,839 | $431,160 | |
| gmtrade:usdcad-usdUS Dollar / Canadian Dollar | Forex Perps | Permissionless | $19.08m | -0.62% | $101.87m | $1.236b | $4.51b | USDCAD-USDC | $1.41 | +0.32% | 0% | 0% | 8h | $50,937 | $2.25m | |
| gmtrade:nzd-usdNew Zealand Dollar | Forex Perps | Permissionless | $16.76m | -4.75% | $72.33m | $517.67m | $999.09m | NZD-USDC | $0.55 | -0.88% | 0% | 0% | 8h | $36,164 | $499,546 | |
| gmtrade:xau-usdGold | Commodity Perp | Permissionless | $6.7m | -1.36% | $10.81m | $163.07m | $811.77m | XAU-USD | $4,068 | -0.68% | 0% | 0% | 8h | $5,403 | $405,887 | |
| gmtrade:xag-usdSilver | Commodity Perp | Permissionless | $3.43m | +4.57% | $28.19m | $215.81m | $825.1m | XAG-USD | $52.18 | +0.95% | 0% | 0% | 8h | $14,095 | $412,551 | |
| gmtrade:wti-usdCrude Oil (WTI) | Commodity Perp | Permissionless | $2.84m | +3.53% | $3.21m | $8.25m | $71.77m | WTI-USDC | $90.59 | -0.89% | 0% | 0% | 8h | $1,603 | $35,883 | |
| gmtrade:xcu-usdCopper | Commodity Perp | Permissionless | $866,899 | -0.25% | $1.59m | $7.88m | $25.28m | XCU-USDC | $6.30 | +0.98% | 0% | 0% | 8h | $793.39 | $12,639 | |
| gmtrade:xpt-usdPlatinum | Commodity Perp | Permissionless | $644,653 | +0.25% | $1.34m | $12.3m | $43.26m | XPT-USDC | $1,536 | +1.10% | 0% | 0% | 8h | $670.10 | $21,628 | |
| gmtrade:xpd-usdPalladium | Commodity Perp | Permissionless | $466,351 | +0.93% | $1.22m | $11.38m | $32.44m | XPD-USDC | $1,023 | -1.08% | 0% | 0% | 8h | $611.06 | $16,219 | |
| gmtrade:nvda-usdNVIDIA Corporation | Stock Perp | Permissionless | $128,093 | 0% | $2.37m | $22.62m | $97.79m | NVDA-USDC | $181.67 | 0% | 0% | 0% | 8h | $1,185 | $48,894 | |
| gmtrade:amzn-usdAmazon.com, Inc. | Stock Perp | Permissionless | $515.40 | 0% | $131,548 | $1.22m | $5.42m | AMZN-USDC | $260.59 | 0% | 0% | 0% | 8h | $65.77 | $2,709 | |
| gmtrade:tsla-usdTesla, Inc. | Stock Perp | Permissionless | $340.06 | 0% | $858,438 | $10.31m | $42.85m | TSLA-USDC | $343.52 | 0% | 0% | 0% | 8h | $429.22 | $21,426 | |
| gmtrade:spy-usdState Street SPDR S&P 500 ETF Trust | ETF Perp | Permissionless | $263.58 | 0% | $62,098 | $669,391 | $3.1m | SPY-USDC | $733.38 | +0.01% | 0% | 0% | 8h | $31.05 | $1,548 | |
| gmtrade:aapl-usdApple Inc. | Stock Perp | Permissionless | $121.19 | 0% | $599,915 | $8.03m | $33.53m | AAPL-USDC | $344.62 | 0% | 0% | 0% | 8h | $299.96 | $16,764 | |
| gmtrade:mstr-usdStrategy Inc | Stock Perp | Permissionless | $100.30 | 0% | $8,607 | $510,732 | $3m | MSTR-USDC | $129.18 | 0% | 0% | 0% | 8h | $4.30 | $1,502 | |
| gmtrade:qqq-usdInvesco QQQ Trust, Series 1 | ETF Perp | Permissionless | $85.92 | 0% | $119,159 | $1.4m | $6.15m | QQQ-USDC | $647.77 | 0% | 0% | 0% | 8h | $59.58 | $3,076 | |
| gmtrade:msft-usdMicrosoft Corporation | Stock Perp | Permissionless | $47.11 | 0% | $59,104 | $457,824 | $2.29m | MSFT-USDC | $536.09 | 0% | 0% | 0% | 8h | $29.55 | $1,145 | |
| gmtrade:meta-usdMeta Platforms, Inc. | Stock Perp | Permissionless | $32.06 | 0% | $91,861 | $601,861 | $3.06m | META-USDC | $605.35 | 0% | 0% | 0% | 8h | $45.93 | $1,531 | |
| gmtrade:googl-usdAlphabet Inc. | Stock Perp | Permissionless | $12.06 | 0% | $62,820 | $615,949 | $2.74m | GOOGL-USDC | $282.75 | 0% | 0% | 0% | 8h | $31.41 | $1,368 | |
About GMTrade
GMTrade (formerly GMXSOL) is the third-largest perpetual DEX on Solana, launched March 12, 2025 by an independent team approved through GMX DAO governance and rebranded from GMXSOL on November 26, 2025. It uses GMX's liquidity-pool architecture adapted for Solana to offer perpetual markets on commodities, public equities, equity indices, and FX in addition to crypto, with positions margined and cash-settled in USDC. GMTrade has reached $554M+ in 24-hour volume during peak activity.
Entity
Legal entityGMTrade (independent team, GMX-DAO approved)
Primary chainSolana
Registry
GMTrade was deployed and is iterated by an independent (anonymous) team, with GMX brand usage approved via GMX DAO governance vote. Originally launched March 12, 2025 as "GMXSOL" and rebranded to GMTrade on November 26, 2025 to clarify independent positioning.
Markets
Open Interest by asset group
Asset classes
Fees & revenue
Revenue modelMaker/Taker Fees + Funding Skim
ConfidenceIssuer-Disclosed
Perp Maker Fee2 bps
Perp Taker Fee2.4 bps
Margin Settlement AssetsUSDC
Fees Last Verified2026-05-11
GMTrade (formerly GMXSOL) is the third-largest perpetual DEX on Solana. Originally deployed March 12, 2025 by an independent team approved via GMX DAO governance vote to use the GMX brand on Solana, rebranded from GMXSOL on November 26, 2025. Margin/settlement is USDC on Solana. Specific maker/taker fee schedule and revenue split with GMX DAO are not publicly disclosed by the GMTrade team at audit date - closed-source iteration. Revenue Model assumed Maker/Taker Fees + Funding Skim based on GMX-style architecture.