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$1.9m
Fees 30d by chain

Arbitrum$1.8m

Avalanche$100,984

Fees 7d$239,119

Arbitrum$226,645

Avalanche$12,474

Fees 24h$18,118

Arbitrum$16,100

Avalanche$2,018

Cumulative Fees$465.75m

Arbitrum$383.12m

Avalanche$82.63m

MegaETH$0.02

Revenue 30d$702,752
Revenue 30d by chain

Arbitrum$665,390

Avalanche$37,362

Revenue 7d$88,473

Arbitrum$83,859

Avalanche$4,614

Revenue 24h$6,704

Arbitrum$5,957

Avalanche$747

Cumulative Revenue$151.15m

Arbitrum$125.61m

Avalanche$25.54m

MegaETH$0.01

Holders Revenue 30d$512,821
Holders Revenue 30d by chain

Arbitrum$485,555

Avalanche$27,266

Holders Revenue 7d$64,560

Arbitrum$61,193

Avalanche$3,367

Holders Revenue 24h$4,892

Arbitrum$4,347

Avalanche$545

Cumulative Holders Revenue$134.83m

Arbitrum$110.36m

Avalanche$24.47m

MegaETH$0.01

Incentives 1y$277,892.45

$3,379.64

$59.86

$5.39

$40.13m

Earnings (Annualized)$10.51m

$699,372.36

$88,413.14

$6,698.61

$111.02m

DEX Volume 30d$40.48m
DEX Volume 30d by chain

Arbitrum$33.62m

Avalanche$6.87m

MegaETH$533.47

DEX Volume 7d$9.07m

Arbitrum$8.12m

Avalanche$949,021

MegaETH$1.04

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$2.618b
Perp Volume 30d by chain

Arbitrum$2.513b

Avalanche$104.6m

MegaETH$172,092

Perp Volume 7d$291.32m

Arbitrum$279.34m

Avalanche$11.96m

MegaETH$10,295

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

$47.2m

Market Cap$79.07m

$GMX Price$7.56

All Time High$91.07

All Time Low$4.81

View $GMX token page

$79.07m

$100.17m

$GMX Volume 24h$2.03m

CEX Volume$1.23m

DEX Volume$938,475.95(46.3% of total)

Staked$46.02m(58.2% of mcap)

Treasury$26.19m

$8.73m

Stablecoins$13.32m

Own Tokens$2.39m

Others$1.75m

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 APY8.75%

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 $1.9m in fees. Of that, $702,752 was protocol revenue. Based on the trailing year, the annualized rate is $29.15m in fees and $10.79m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.56. Its circulating market capitalization is $79.07m, ranking it #444. Its fully diluted valuation is $79.07m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is down 10.8% over the past 7 days and up 13.8% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91.7% 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 $40.48m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $26.19m. Its holdings include $13.32m in stablecoins, $8.73m in major assets, $2.39m in its own tokens, $1.75m 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.