Ask about GMX

Logo of GMXGMX(GMX)

Total Value Locked$240.8m

TVL by Chain

Arbitrum$202.05m

Solana$27.95m

Avalanche$10.24m

MegaETH$557,948

Botanix$0

Key Metrics

Fees 30d$5.59m
Fees 30d by chain

Solana$4.41m

Arbitrum$1.07m

Avalanche$112,959

MegaETH$24.74

Fees 7d$1.88m

Solana$1.62m

Arbitrum$230,652

Avalanche$22,398

MegaETH$2.83

Fees 24h$215,223

Solana$138,848

Arbitrum$73,801

Avalanche$2,574

MegaETH$0.30

Cumulative Fees$489.26m

Arbitrum$384.07m

Avalanche$82.74m

Solana$22.44m

MegaETH$18,373

Revenue 30d$1.54m
Revenue 30d by chain

Solana$1.1m

Arbitrum$394,467

Avalanche$41,790

MegaETH$9.13

Revenue 7d$499,707

Solana$406,081

Arbitrum$85,340

Avalanche$8,286

MegaETH$1.04

Revenue 24h$62,970

Solana$34,712

Arbitrum$27,306

Avalanche$952

MegaETH$0.11

Cumulative Revenue$157.81m

Arbitrum$125.96m

Avalanche$25.57m

Solana$6.26m

MegaETH$6,797

Holders Revenue 30d$318,359
Holders Revenue 30d by chain

Arbitrum$287,854

Avalanche$30,498

MegaETH$6.67

Solana$0

Holders Revenue 7d$68,324

Arbitrum$62,277

Avalanche$6,047

MegaETH$0.78

Solana$0

Holders Revenue 24h$20,621

Arbitrum$19,926

Avalanche$695

MegaETH$0.08

Solana$0

Cumulative Holders Revenue$135.32m

Arbitrum$110.62m

Avalanche$24.5m

Solana$194,434

MegaETH$4,960

Incentives 1y$261,084

$34,052

$21,442

$0

$40.16m

Earnings (Annualized)$14.96m

$1.51m

$478,265

$62,970

$117.65m

DEX Volume 30d$55.2m
DEX Volume 30d by chain

Arbitrum$50.95m

Avalanche$4.26m

MegaETH$8.51

DEX Volume 7d$11.83m

Arbitrum$11.55m

Avalanche$279,273

MegaETH$0.17

DEX Volume 24h$2.82m

Arbitrum$2.76m

Avalanche$63,316

MegaETH$0

Cumulative DEX Volume$23.234b

Arbitrum$17.671b

Avalanche$5.377b

Solana$185.46m

Botanix$863,503

MegaETH$120,957

Perp Volume 30d$29.637b
Perp Volume 30d by chain

Solana$28.21b

Arbitrum$1.3b

Avalanche$126.95m

MegaETH$33,609

Perp Volume 7d$10.267b

Solana$9.966b

Arbitrum$273.02m

Avalanche$28.36m

MegaETH$4,544

Perp Volume 24h$963.82m

Solana$888.82m

Arbitrum$72.06m

Avalanche$2.94m

MegaETH$607

Cumulative Perp Volume$514.957b

Arbitrum$307.455b

Solana$178.071b

Avalanche$29.399b

MegaETH$26.8m

Botanix$6.04m

$163.85m

Market Cap$87.27m

$GMX Price$8.33

All Time High$91.07

All Time Low$4.81

View $GMX token page

$87.27m

$110.37m

$GMX Volume 24h$4.87m

CEX Volume$3.48m

DEX Volume$2.01m(41.26% of total)

Staked$51.37m(58.86% of mcap)

Treasury$23.73m

$9.18m

Stablecoins$10.11m

Own Tokens$2.58m

Others$1.86m

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 APY8.93%

User Activity

Active Addresses (24h)4,400

New Addresses (24h)1

Transactions (24h)6,919

Gas Used (24h)24.77 ETH

Gas Cost (24h)$2,251

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 $240.8m in total value locked. TVL has increased 1.3% 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 83.9%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $5.59m in fees. Of that, $1.54m was protocol revenue. Based on the trailing year, the annualized rate is $47.88m in fees and $15.22m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $8.33. Its circulating market capitalization is $87.27m, ranking it #440. Its fully diluted valuation is $87.27m. Supply currently stands at 10.47m circulating, 10.47m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 4% over the past 7 days and down 0.3% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 90.9% 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 $55.2m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $23.73m. Its holdings include $10.11m in stablecoins, $9.18m in major assets, $2.58m in its own tokens, $1.86m 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.