Total Value Locked$215.81m
TVL by Chain
Arbitrum$207.49m
Avalanche$8.08m
MegaETH$240,129
Botanix$0
Key Metrics
Fees 30d$1.16m
Fees 30d by chain
Arbitrum$1.06m
Avalanche$96,250
MegaETH$31.48
Fees 7d$262,532
Arbitrum$241,089
Avalanche$21,439
MegaETH$3
Fees 24h$53,162
Arbitrum$48,115
Avalanche$5,046
MegaETH$0.81
Cumulative Fees$164.65m
Arbitrum$153.83m
Avalanche$10.8m
MegaETH$18,392
Revenue 30d$427,553
Revenue 30d by chain
Arbitrum$391,935
Avalanche$35,609
MegaETH$11.51
Revenue 7d$97,135
Arbitrum$89,202
Avalanche$7,933
MegaETH$1.10
Revenue 24h$19,670
Arbitrum$17,803
Avalanche$1,867
MegaETH$0.30
Cumulative Revenue$60.92m
Arbitrum$56.92m
Avalanche$4m
MegaETH$6,803
Holders Revenue 30d$312,003
Holders Revenue 30d by chain
Arbitrum$286,009
Avalanche$25,987
MegaETH$8.44
Holders Revenue 7d$70,882
Arbitrum$65,094
Avalanche$5,788
MegaETH$0.81
Holders Revenue 24h$14,353
Arbitrum$12,991
Avalanche$1,362
MegaETH$0.22
Cumulative Holders Revenue$44.45m
Arbitrum$41.53m
Avalanche$2.92m
MegaETH$4,965
Perp Volume 30d$1.488b
Perp Volume 30d by chain
Arbitrum$1.375b
Avalanche$112.08m
MegaETH$23,316
Perp Volume 7d$349.78m
Arbitrum$321.55m
Avalanche$28.23m
MegaETH$4,701
Perp Volume 24h$55.91m
Arbitrum$51.1m
Avalanche$4.81m
MegaETH$1,710
Cumulative Perp Volume$191.114b
Arbitrum$183.618b
Avalanche$7.464b
MegaETH$26.81m
Botanix$6.04m
Open Interest$58.03m
Protocol Information
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: 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 GitHubRevenue: 37% of all collected fees - split between protocol treasury (10%) and GMX token holders (27%)View code on GitHubHolders Revenue: 27% of all fees goes to GMX token stakersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubYields
Pools Tracked134
Average Supply APY7.7%
User Activity
Active Addresses (24h)601
Transactions (24h)4,013
Gas Used (24h)8.76 ETH
Gas Cost (24h)$1,153
Competitors
GMX EVM history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 9, 2023 to Oct 21, 2026.
All-time high TVL: $608.21m on Aug 14, 2025. All-time low TVL: $17.32m on Aug 10, 2023.
Daily TVL, Sep 22, 2026 to Oct 21, 2026
| Date | TVL |
|---|---|
| Sep 22, 2026 | $214.4m |
| Sep 23, 2026 | $215.8m |
| Sep 24, 2026 | $210.63m |
| Sep 25, 2026 | $210.59m |
| Sep 26, 2026 | $210.78m |
| Sep 27, 2026 | $211.36m |
| Sep 28, 2026 | $211.35m |
| Sep 29, 2026 | $210.06m |
| Sep 30, 2026 | $208.71m |
| Oct 1, 2026 | $208.96m |
| Oct 2, 2026 | $210.52m |
| Oct 3, 2026 | $212.59m |
| Oct 4, 2026 | $213.27m |
| Oct 5, 2026 | $214.82m |
| Oct 6, 2026 | $214.02m |
| Oct 7, 2026 | $216.51m |
| Oct 8, 2026 | $210.95m |
| Oct 9, 2026 | $209.25m |
| Oct 10, 2026 | $210.19m |
| Oct 11, 2026 | $211.07m |
| Oct 12, 2026 | $213.29m |
| Oct 13, 2026 | $209.5m |
| Oct 14, 2026 | $213.13m |
| Oct 15, 2026 | $210.56m |
| Oct 16, 2026 | $211.91m |
| Oct 17, 2026 | $211.76m |
| Oct 18, 2026 | $212.11m |
| Oct 19, 2026 | $212.16m |
| Oct 20, 2026 | $211.1m |
| Oct 21, 2026 | $213.34m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $548.83m |
| Dec 31, 2024 | $421.72m |
| Jan 31, 2025 | $428.64m |
| Feb 28, 2025 | $353.54m |
| Mar 31, 2025 | $297.02m |
| Apr 30, 2025 | $319.92m |
| May 31, 2025 | $393.25m |
| Jun 30, 2025 | $423.74m |
| Jul 31, 2025 | $463.28m |
| Aug 31, 2025 | $552.01m |
| Sep 30, 2025 | $500.12m |
| Oct 31, 2025 | $454.35m |
| Nov 30, 2025 | $375.29m |
| Dec 31, 2025 | $375.04m |
| Jan 31, 2026 | $351.28m |
| Feb 28, 2026 | $254.29m |
| Mar 31, 2026 | $257.14m |
| Apr 30, 2026 | $237.17m |
| May 31, 2026 | $191.02m |
| Jun 30, 2026 | $169m |
| Jul 31, 2026 | $174.95m |
| Aug 31, 2026 | $204.65m |
| Sep 30, 2026 | $208.71m |
| Oct 21, 2026 (latest) | $213.34m |
TVL at each year end, Dec 31, 2023 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2023 | $326.95m |
| Dec 31, 2024 | $421.72m |
| Dec 31, 2025 | $375.04m |
Fees, revenue and holders revenue by UTC calendar month, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $8.84m | $3.27m | $2.39m |
| Dec 2024 | $10.4m | $3.85m | $2.81m |
| Jan 2025 | $8.32m | $3.08m | $2.25m |
| Feb 2025 | $7.36m | $2.72m | $1.99m |
| Mar 2025 | $3.57m | $1.32m | $963,222 |
| Apr 2025 | $5.45m | $2.02m | $1.47m |
| May 2025 | $4.73m | $1.75m | $1.28m |
| Jun 2025 | $5.16m | $1.91m | $1.39m |
| Jul 2025 | $5.03m | $1.86m | $1.36m |
| Aug 2025 | $5.65m | $2.09m | $1.53m |
| Sep 2025 | $4.69m | $1.73m | $1.27m |
| Oct 2025 | $2.47m | $912,288 | $665,724 |
| Nov 2025 | $2.54m | $938,219 | $684,649 |
| Dec 2025 | $2.48m | $916,004 | $668,438 |
| Jan 2026 | $2.85m | $1.05m | $769,058 |
| Feb 2026 | $2.37m | $878,321 | $640,939 |
| Mar 2026 | $3.49m | $1.29m | $941,967 |
| Apr 2026 | $2.31m | $853,076 | $622,512 |
| May 2026 | $2.01m | $742,411 | $541,759 |
| Jun 2026 | $2.02m | $746,966 | $545,085 |
| Jul 2026 | $1.75m | $648,606 | $473,307 |
| Aug 2026 | $1.82m | $673,914 | $491,779 |
| Sep 2026 | $1.34m | $496,266 | $362,141 |
| Oct 2026 (to date) | $754,414 | $279,128 | $203,690 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/gmx-evm
Frequently asked questions
What is GMX EVM's TVL?
As of Oct 21, 2026, GMX EVM has $215.81m in total value locked. TVL has increased 1.7% over the past 30 days.
What chains does GMX EVM operate on?
GMX EVM operates on 4 chains: Arbitrum, Avalanche, MegaETH, and Botanix. Arbitrum holds the largest share at 96.1%.
How much has GMX EVM generated in fees and revenue?
Over the past 30 days, GMX EVM generated $1.16m in fees. Of that, $427,553 was protocol revenue. Based on the trailing year, the annualized rate is $26.48m in fees and $9.8m in revenue.
How does GMX EVM's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, GMX EVM ranks #2 by TVL. The category holds $2.055b across 424 protocols, and GMX EVM accounts for 10.5% of that total. Similar protocols include MUX Perps, Gains Network, Contango V2, GMX V1 EVM, ApeX Pro, Voltz, Jarvis Network, Aboard Exchange, Vertex Perps, and RubyDex.
How much perpetual futures volume does GMX EVM process?
GMX EVM processed $1.488b in perpetual futures volume over the past 30 days.