Ask about GMX
Logo of GMXGMX(GMX)
Total Value Locked$208.43m

TVL by Chain

Arbitrum$197.31m

Avalanche$10.5m

MegaETH$611,286

Botanix$0

Key Metrics

Fees 30d$1.9m
Fees 30d by chain

Arbitrum$1.79m

Avalanche$101,974

MegaETH$0

Fees 7d$232,022

Arbitrum$218,550

Avalanche$13,472

MegaETH$0

Fees 24h$26,132

Arbitrum$22,825

Avalanche$3,307

MegaETH$0

Cumulative Fees$465.75m

Arbitrum$383.12m

Avalanche$82.63m

MegaETH$0

Revenue 30d$701,294
Revenue 30d by chain

Arbitrum$663,566

Avalanche$37,728

MegaETH$0

Revenue 7d$85,847

Arbitrum$80,864

Avalanche$4,983

MegaETH$0

Revenue 24h$9,668

Arbitrum$8,445

Avalanche$1,223

MegaETH$0

Cumulative Revenue$151.15m

Arbitrum$125.61m

Avalanche$25.54m

MegaETH$0

Holders Revenue 30d$511,757
Holders Revenue 30d by chain

Arbitrum$484,224

Avalanche$27,533

MegaETH$0

Holders Revenue 7d$62,645

Arbitrum$59,008

Avalanche$3,637

MegaETH$0

Holders Revenue 24h$7,056

Arbitrum$6,163

Avalanche$893

MegaETH$0

Cumulative Holders Revenue$134.83m

Arbitrum$110.36m

Avalanche$24.47m

MegaETH$0

Incentives 1y$276,108.26

$3,379.64

$52.58

$0

$40.13m

Earnings (Annualized)$10.49m

$697,914.36

$85,794.42

$9,668

$111.02m

DEX Volume 30d$42.24m
DEX Volume 30d by chain

Arbitrum$35.07m

Avalanche$7.16m

MegaETH$525.01

DEX Volume 7d$9.08m

Arbitrum$8.04m

Avalanche$1.05m

MegaETH$0.96

DEX Volume 24h$1.77m

Arbitrum$1.47m

Avalanche$300,103

MegaETH$0

Cumulative DEX Volume$23.187b

Arbitrum$17.627b

Avalanche$5.374b

Solana$185.46m

Botanix$863,503.4

MegaETH$7,087.17

Perp Volume 30d$2.611b
Perp Volume 30d by chain

Arbitrum$2.505b

Avalanche$105.42m

MegaETH$171,574

Perp Volume 7d$276.78m

Arbitrum$263.47m

Avalanche$13.3m

MegaETH$10,109

Perp Volume 24h$32.98m

Arbitrum$29.23m

Avalanche$3.75m

Cumulative Perp Volume$335.569b

Arbitrum$306.257b

Avalanche$29.278b

MegaETH$26.77m

Botanix$6.03m

$46.35m

Market Cap$78.2m

$GMX Price$7.48

All Time High$91.07

All Time Low$4.81

View $GMX token page

$78.2m

$99.11m

$GMX Volume 24h$2.33m

CEX Volume$1.47m

DEX Volume$1.05m(44.97% of total)

Staked$46.37m(59.3% of mcap)

Treasury$26.04m

$8.72m

Stablecoins$13.26m

Own Tokens$2.3m

Others$1.76m

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.

WebsiteGitHubTwitter
Categories:DerivativesDexs
Products:

Yields

Pools Tracked136

Average Supply APY8.61%

User Activity

Active Addresses (24h)0

New Addresses (24h)0

Transactions (24h)0

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 $208.43m in total value locked. TVL has increased 14.2% 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 94.7%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.9m in fees. Of that, $701,294 was protocol revenue. Based on the trailing year, the annualized rate is $29.1m in fees and $10.77m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.48. Its circulating market capitalization is $78.2m, ranking it #442. Its fully diluted valuation is $78.2m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is down 11% over the past 7 days and up 12.7% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91.8% 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 $42.24m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $26.04m. Its holdings include $13.26m in stablecoins, $8.72m in major assets, $2.3m in its own tokens, $1.76m 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.