Total Value Locked$25.77m
TVL by Chain
Solana$25.77m
Key Metrics
Fees 30d$4.71m
Fees 30d by chain
Solana$4.71m
Fees 7d$630,354
Solana$630,354
Fees 24h$110,518
Solana$110,518
Cumulative Fees$24.51m
Solana$24.51m
Revenue 30d$4.66m
Revenue 30d by chain
Solana$4.66m
Revenue 7d$624,051
Solana$624,051
Revenue 24h$109,413
Solana$109,413
Cumulative Revenue$10.27m
Solana$10.27m
Holders Revenue 30d$4.33m
Holders Revenue 30d by chain
Solana$4.33m
Holders Revenue 7d$623,250
Solana$623,250
Holders Revenue 24h$109,359
Solana$109,359
Cumulative Holders Revenue$4.52m
Solana$4.52m
Perp Volume 30d$27.598b
Perp Volume 30d by chain
Solana$27.598b
Perp Volume 7d$3.261b
Solana$3.261b
Perp Volume 24h$282.91m
Solana$282.91m
Cumulative Perp Volume$189.558b
Solana$189.558b
Open Interest$190.98m
Protocol Information
GMTrade is a perpetual DEX built on Solana that supports both crypto and RWA markets. The protocol utilizes isolated liquidity pools combined with a cross-pool coordination system that optimizes liquidity utilization. It aims to provide a seamless trading experience with fast execution and low fees while maintaining security and decentralization.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Opening/closing fees for perpetual positions, swap fees, liquidation fees, and borrowing feesView code on GitHubRevenue: 99% of all collected fees since 28 September 2026 (GT Buyback Season 2), 25% from 16 January 2026, 70% before.View code on GitHubHolders Revenue: Daily GT buyback funded by the treasury: 36% of fees from 16 March 2025 to 15 January 2026 (actual amounts on the 14-15 March 2025 launch days), 0 before that and from 16 January 2026, and since 28 September 2026 (GT Buyback Season 2) the GT sold to the treasury that day at the GT minting cost, capped at 99% of fees. GT is GMTrade's own token, not GMX.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubYields
Pools Tracked74
Average Supply APY0.67%
User Activity
Active Addresses (24h)3,151
Competitors
GMX Solana history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 18, 2025 to Oct 28, 2026.
All-time high TVL: $46.12m on Jun 4, 2026. All-time low TVL: $226,045 on Mar 7, 2025.
Daily TVL, Sep 29, 2026 to Oct 28, 2026
| Date | TVL |
|---|---|
| Sep 29, 2026 | $27.9m |
| Sep 30, 2026 | $27.94m |
| Oct 1, 2026 | $27.83m |
| Oct 2, 2026 | $28.38m |
| Oct 3, 2026 | $29.38m |
| Oct 4, 2026 | $29.37m |
| Oct 5, 2026 | $29.05m |
| Oct 6, 2026 | $28.37m |
| Oct 7, 2026 | $28.27m |
| Oct 8, 2026 | $27.91m |
| Oct 9, 2026 | $27.79m |
| Oct 10, 2026 | $27.84m |
| Oct 11, 2026 | $27.84m |
| Oct 12, 2026 | $27.8m |
| Oct 13, 2026 | $27.22m |
| Oct 14, 2026 | $27.08m |
| Oct 15, 2026 | $26.82m |
| Oct 16, 2026 | $26.5m |
| Oct 17, 2026 | $26.73m |
| Oct 18, 2026 | $26.64m |
| Oct 19, 2026 | $26.66m |
| Oct 20, 2026 | $26.59m |
| Oct 21, 2026 | $26.25m |
| Oct 22, 2026 | $26.49m |
| Oct 23, 2026 | $26.46m |
| Oct 24, 2026 | $26.5m |
| Oct 25, 2026 | $26.53m |
| Oct 26, 2026 | $26.54m |
| Oct 27, 2026 | $26.33m |
| Oct 28, 2026 | $25.93m |
TVL at each month end, Feb 2025 to Oct 2026
| Date | TVL |
|---|---|
| Feb 28, 2025 | $254,059 |
| Mar 31, 2025 | $5.37m |
| Apr 30, 2025 | $5.91m |
| May 31, 2025 | $5.65m |
| Jun 30, 2025 | $5.23m |
| Jul 31, 2025 | $5.23m |
| Aug 31, 2025 | $6.3m |
| Sep 30, 2025 | $6.35m |
| Oct 31, 2025 | $6.23m |
| Nov 30, 2025 | $7.03m |
| Dec 31, 2025 | $7.71m |
| Jan 31, 2026 | $12.18m |
| Feb 28, 2026 | $14.42m |
| Mar 31, 2026 | $16.2m |
| Apr 30, 2026 | $31.93m |
| May 31, 2026 | $43.51m |
| Jun 30, 2026 | $37.16m |
| Jul 31, 2026 | $35.89m |
| Aug 31, 2026 | $30.21m |
| Sep 30, 2026 | $27.94m |
| Oct 28, 2026 (latest) | $25.93m |
Fees, revenue and holders revenue by UTC calendar month, Feb 2025 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Feb 2025 | $3,062 | $2,144 | $0 |
| Mar 2025 | $1.15m | $806,434 | $86,762 |
| Apr 2025 | $61,115 | $42,780 | $22,003 |
| May 2025 | $27,672 | $19,367 | $9,963 |
| Jun 2025 | $10,318 | $7,222 | $3,714 |
| Jul 2025 | $96,242 | $67,372 | $34,647 |
| Aug 2025 | $15,496 | $10,844 | $5,580 |
| Sep 2025 | $14,580 | $10,209 | $5,250 |
| Oct 2025 | $20,264 | $14,180 | $7,292 |
| Nov 2025 | $23,992 | $16,797 | $8,640 |
| Dec 2025 | $23,666 | $16,564 | $8,521 |
| Jan 2026 | $120,731 | $32,763 | $2,062 |
| Feb 2026 | $604,999 | $151,251 | $0 |
| Mar 2026 | $1.19m | $296,341 | $0 |
| Apr 2026 | $1.59m | $398,220 | $0 |
| May 2026 | $3.24m | $809,438 | $0 |
| Jun 2026 | $2.81m | $701,466 | $0 |
| Jul 2026 | $3.05m | $761,262 | $0 |
| Aug 2026 | $3.18m | $794,335 | $0 |
| Sep 2026 | $3.37m | $1.43m | $724,795 |
| Oct 2026 (to date) | $3.91m | $3.87m | $3.6m |
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-solana
Frequently asked questions
What is GMX Solana's TVL?
As of Oct 28, 2026, GMX Solana has $25.77m in total value locked. TVL has decreased 9.7% over the past 30 days.
What chains does GMX Solana operate on?
GMX Solana operates on Solana. Solana holds the largest share at 100%.
How much has GMX Solana generated in fees and revenue?
Over the past 30 days, GMX Solana generated $4.71m in fees. Of that, $4.66m was protocol revenue. Based on the trailing year, the annualized rate is $23.11m in fees and $9.29m in revenue.
How does GMX Solana's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, GMX Solana ranks #13 by TVL. The category holds $1.973b across 426 protocols, and GMX Solana accounts for 1.3% of that total. Similar protocols include Jupiter Perpetual Exchange, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Cardboard Trade, Parcl V3, Drift Trade, Lavarage, and Wasabi Perps.
How much perpetual futures volume does GMX Solana process?
GMX Solana processed $27.598b in perpetual futures volume over the past 30 days.