Total Value Locked$207.02m
TVL by Chain
Arbitrum$199.11m
Avalanche$7.67m
MegaETH$242,163
Botanix$0
Key Metrics
Fees 30d$1.13m
Fees 30d by chain
Arbitrum$1.05m
Avalanche$84,791
MegaETH$32.28
Fees 7d$333,208
Arbitrum$311,222
Avalanche$21,981
MegaETH$5.10
Fees 24h$35,675
Arbitrum$33,808
Avalanche$1,866
MegaETH$0.76
Cumulative Fees$164.89m
Arbitrum$154.06m
Avalanche$10.81m
MegaETH$18,395
Revenue 30d$419,765
Revenue 30d by chain
Arbitrum$388,386
Avalanche$31,370
MegaETH$11.81
Revenue 7d$123,285
Arbitrum$115,152
Avalanche$8,132
MegaETH$1.89
Revenue 24h$13,199
Arbitrum$12,509
Avalanche$690
MegaETH$0.28
Cumulative Revenue$61.01m
Arbitrum$57m
Avalanche$4m
MegaETH$6,805
Holders Revenue 30d$306,318
Holders Revenue 30d by chain
Arbitrum$283,420
Avalanche$22,892
MegaETH$8.67
Holders Revenue 7d$89,965
Arbitrum$84,030
Avalanche$5,935
MegaETH$1.38
Holders Revenue 24h$9,632
Arbitrum$9,128
Avalanche$504
MegaETH$0.20
Cumulative Holders Revenue$44.52m
Arbitrum$41.6m
Avalanche$2.92m
MegaETH$4,965
Perp Volume 30d$1.498b
Perp Volume 30d by chain
Arbitrum$1.395b
Avalanche$102.85m
MegaETH$25,633
Perp Volume 7d$498.36m
Arbitrum$471.63m
Avalanche$26.72m
MegaETH$9,755
Perp Volume 24h$72.75m
Arbitrum$69.92m
Avalanche$2.83m
MegaETH$1,427
Cumulative Perp Volume$191.557b
Arbitrum$184.038b
Avalanche$7.486b
MegaETH$26.81m
Botanix$6.04m
Open Interest$56.46m
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 Tracked139
Average Supply APY8.77%
User Activity
Active Addresses (24h)520
Transactions (24h)3,318
Gas Used (24h)3.34 ETH
Gas Cost (24h)$903
Competitors
GMX EVM history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Aug 9, 2023 to Oct 27, 2026.
All-time high TVL: $608.21m on Aug 14, 2025. All-time low TVL: $17.32m on Aug 10, 2023.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| 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 |
| Oct 22, 2026 | $214.95m |
| Oct 23, 2026 | $210.95m |
| Oct 24, 2026 | $209.29m |
| Oct 25, 2026 | $209.4m |
| Oct 26, 2026 | $207.92m |
| Oct 27, 2026 | $207.76m |
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 27, 2026 (latest) | $207.76m |
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) | $1.04m | $384,317 | $280,450 |
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 27, 2026, GMX EVM has $207.02m in total value locked. TVL has decreased 2.1% 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 96.2%.
How much has GMX EVM generated in fees and revenue?
Over the past 30 days, GMX EVM generated $1.13m in fees. Of that, $419,765 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 $1.959b across 426 protocols, and GMX EVM accounts for 10.6% 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 $1.498b in perpetual futures volume over the past 30 days.