Total Value Locked$26.31m
TVL by Chain
Solana$26.31m
Key Metrics
Fees 30d$4.62m
Fees 30d by chain
Solana$4.62m
Fees 7d$698,514
Solana$698,514
Fees 24h$64,120
Solana$64,120
Cumulative Fees$24.4m
Solana$24.4m
Revenue 30d$4.56m
Revenue 30d by chain
Solana$4.56m
Revenue 7d$691,529
Solana$691,529
Revenue 24h$63,478
Solana$63,478
Cumulative Revenue$10.16m
Solana$10.16m
Holders Revenue 30d$4.22m
Holders Revenue 30d by chain
Solana$4.22m
Holders Revenue 7d$690,415
Solana$690,415
Holders Revenue 24h$63,478
Solana$63,478
Cumulative Holders Revenue$4.41m
Solana$4.41m
Perp Volume 30d$27.377b
Perp Volume 30d by chain
Solana$27.377b
Perp Volume 7d$4.271b
Solana$4.271b
Perp Volume 24h$220.84m
Solana$220.84m
Cumulative Perp Volume$189.275b
Solana$189.275b
Open Interest$216.24m
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 APY0.7%
User Activity
Active Addresses (24h)2,697
Competitors
GMX Solana history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Feb 18, 2025 to Oct 27, 2026.
All-time high TVL: $46.12m on Jun 4, 2026. All-time low TVL: $226,045 on Mar 7, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $28.53m |
| 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 |
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 27, 2026 (latest) | $26.33m |
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) | $3.8m | $3.76m | $3.5m |
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 27, 2026, GMX Solana has $26.31m in total value locked. TVL has decreased 12.6% 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 $4.62m in fees. Of that, $4.56m was protocol revenue. Based on the trailing year, the annualized rate is $23m in fees and $9.18m 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 $1.959b 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 $27.377b in perpetual futures volume over the past 30 days.