Ask about GMX
Logo of GMXGMX(GMX)
Total Value Locked$205.15m

TVL by Chain

Arbitrum$194.59m

Avalanche$10.09m

MegaETH$466,369

Botanix$0

Key Metrics

Fees 30d$1.91m
Fees 30d by chain

Arbitrum$1.81m

Avalanche$105,377

MegaETH$4.68

Fees 7d$254,894

Arbitrum$239,113

Avalanche$15,776

MegaETH$4.68

Fees 24h$61,294

Arbitrum$56,062

Avalanche$5,227

MegaETH$4.68

Cumulative Fees$465.87m

Arbitrum$383.23m

Avalanche$82.64m

MegaETH$9.36

Revenue 30d$706,922
Revenue 30d by chain

Arbitrum$667,932

Avalanche$38,988

MegaETH$1.73

Revenue 7d$94,311

Arbitrum$88,472

Avalanche$5,837

MegaETH$1.73

Revenue 24h$22,679

Arbitrum$20,743

Avalanche$1,934

MegaETH$1.73

Cumulative Revenue$151.19m

Arbitrum$125.65m

Avalanche$25.54m

MegaETH$3.46

Holders Revenue 30d$515,863
Holders Revenue 30d by chain

Arbitrum$487,411

Avalanche$28,451

MegaETH$1.26

Holders Revenue 7d$68,820

Arbitrum$64,561

Avalanche$4,258

MegaETH$1.26

Holders Revenue 24h$16,549

Arbitrum$15,137

Avalanche$1,411

MegaETH$1.26

Cumulative Holders Revenue$134.86m

Arbitrum$110.39m

Avalanche$24.47m

MegaETH$2.52

Incentives 1y$281,013.73

$9,078.21

$5,721.85

$5,708.11

$40.13m

Earnings (Annualized)$10.41m

$697,843.79

$88,589.15

$16,970.89

$111.06m

DEX Volume 30d$44.14m
DEX Volume 30d by chain

Arbitrum$37m

Avalanche$7.14m

MegaETH$525.57

DEX Volume 7d$10.17m

Arbitrum$9.16m

Avalanche$1.02m

MegaETH$1.27

DEX Volume 24h$2.12m

Arbitrum$1.93m

Avalanche$192,026

MegaETH$0.62

Cumulative DEX Volume$23.189b

Arbitrum$17.629b

Avalanche$5.374b

Solana$185.46m

Botanix$863,503.4

MegaETH$7,087.79

Perp Volume 30d$2.607b
Perp Volume 30d by chain

Arbitrum$2.497b

Avalanche$109.68m

MegaETH$174,360

Perp Volume 7d$285.14m

Arbitrum$268.46m

Avalanche$16.67m

MegaETH$11,690

Perp Volume 24h$58.24m

Arbitrum$52.29m

Avalanche$5.94m

MegaETH$6,470

Cumulative Perp Volume$335.627b

Arbitrum$306.31b

Avalanche$29.284b

MegaETH$26.77m

Botanix$6.03m

$21.68m

Market Cap$74.05m

$GMX Price$7.08

All Time High$91.07

All Time Low$4.81

View $GMX token page

$74.05m

$93.81m

$GMX Volume 24h$3.24m

CEX Volume$2.48m

DEX Volume$976,528.51(30.09% of total)

Staked$43.59m(58.86% of mcap)

Treasury$25.39m

$8.27m

Stablecoins$13.3m

Own Tokens$2.15m

Others$1.66m

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.

WebsiteGitHubX/Twitter
Categories:DerivativesDexs
Products:

Yields

Pools Tracked134

Average Supply APY8.97%

User Activity

Active Addresses (24h)2

New Addresses (24h)0

Transactions (24h)2

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, borrowing fees, swap fees, liquidation fees, and positive price impact distributed from the impact pool, decoded from EventEmitter logsView 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 $205.15m in total value locked. TVL has increased 11.3% 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 94.9%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.91m in fees. Of that, $706,922 was protocol revenue. Based on the trailing year, the annualized rate is $28.9m in fees and $10.69m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.08. Its circulating market capitalization is $74.05m, ranking it #459. Its fully diluted valuation is $74.05m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is down 14.6% over the past 7 days and up 4.6% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 92.2% 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 $44.14m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $25.39m. Its holdings include $13.3m in stablecoins, $8.27m in major assets, $2.15m in its own tokens, $1.66m 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.