Ask about GMX
Logo of GMXGMX(GMX)
Total Value Locked$209.25m

TVL by Chain

Arbitrum$198.2m

Avalanche$10.55m

MegaETH$499,245

Botanix$0

Key Metrics

Fees 30d$1.89m
Fees 30d by chain

Arbitrum$1.79m

Avalanche$102,193

MegaETH$0.02

Fees 7d$231,060

Arbitrum$217,369

Avalanche$13,691

MegaETH$0.02

Fees 24h$25,170

Arbitrum$21,644

Avalanche$3,526

MegaETH$0.02

Cumulative Fees$465.75m

Arbitrum$383.12m

Avalanche$82.63m

MegaETH$0.02

Revenue 30d$700,939
Revenue 30d by chain

Arbitrum$663,129

Avalanche$37,810

MegaETH$0.01

Revenue 7d$85,492

Arbitrum$80,427

Avalanche$5,065

MegaETH$0.01

Revenue 24h$9,313

Arbitrum$8,008

Avalanche$1,305

MegaETH$0.01

Cumulative Revenue$151.15m

Arbitrum$125.61m

Avalanche$25.54m

MegaETH$0.01

Holders Revenue 30d$511,497
Holders Revenue 30d by chain

Arbitrum$483,905

Avalanche$27,592

MegaETH$0.01

Holders Revenue 7d$62,385

Arbitrum$58,689

Avalanche$3,696

MegaETH$0.01

Holders Revenue 24h$6,796

Arbitrum$5,844

Avalanche$952

MegaETH$0.01

Cumulative Holders Revenue$134.83m

Arbitrum$110.36m

Avalanche$24.47m

MegaETH$0.01

Incentives 1y$276,108.26

$3,379.64

$52.58

$0

$40.13m

Earnings (Annualized)$10.49m

$697,559.36

$85,439.42

$9,313

$111.02m

DEX Volume 30d$40.47m
DEX Volume 30d by chain

Arbitrum$33.61m

Avalanche$6.86m

MegaETH$525.01

DEX Volume 7d$7.32m

Arbitrum$6.57m

Avalanche$746,714

MegaETH$0.96

DEX Volume 24h$856,460

Arbitrum$679,745

Avalanche$176,715

MegaETH$0

Cumulative DEX Volume$23.185b

Arbitrum$17.626b

Avalanche$5.373b

Solana$185.46m

Botanix$863,503.4

MegaETH$7,087.17

Perp Volume 30d$2.578b
Perp Volume 30d by chain

Arbitrum$2.476b

Avalanche$101.67m

MegaETH$171,574

Perp Volume 7d$243.8m

Arbitrum$234.24m

Avalanche$9.56m

MegaETH$10,109

Perp Volume 24h$19.69m

Arbitrum$17.53m

Avalanche$2.16m

MegaETH$179

Cumulative Perp Volume$335.536b

Arbitrum$306.228b

Avalanche$29.275b

MegaETH$26.77m

Botanix$6.03m

$46.35m

Market Cap$78.06m

$GMX Price$7.46

All Time High$91.07

All Time Low$4.81

View $GMX token page

$78.06m

$98.85m

$GMX Volume 24h$2.24m

CEX Volume$1.4m

DEX Volume$1.01m(45.09% of total)

Staked$46.02m(58.95% 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 APY8.76%

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 $209.25m in total value locked. TVL has increased 14.5% 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 $1.89m in fees. Of that, $700,939 was protocol revenue. Based on the trailing year, the annualized rate is $29.09m in fees and $10.77m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.46. Its circulating market capitalization is $78.06m, ranking it #443. Its fully diluted valuation is $78.06m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is down 11.6% 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 $40.47m 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.