Logo of GMX V2 PerpsGMX V2 Perps(GMX)
Total Value Locked$205.23m

TVL by Chain

Arbitrum$196.29m

Avalanche$8.33m

MegaETH$613,561.93

Botanix$0

Key Metrics

Fees 30d$1.97m
Fees 30d by chain

Arbitrum$1.86m

Avalanche$102,022

Fees 7d$285,860

Arbitrum$269,786

Avalanche$16,074

Fees 24h$55,343

Arbitrum$52,946

Avalanche$2,397

Cumulative Fees$163.11m

Arbitrum$152.46m

Avalanche$10.66m

Revenue 30d$727,562
Revenue 30d by chain

Arbitrum$689,816

Avalanche$37,746

Revenue 7d$105,767

Arbitrum$99,821

Avalanche$5,946

Revenue 24h$20,477

Arbitrum$19,590

Avalanche$887

Cumulative Revenue$60.35m

Arbitrum$56.41m

Avalanche$3.94m

Holders Revenue 30d$530,926
Holders Revenue 30d by chain

Arbitrum$503,379

Avalanche$27,547

Holders Revenue 7d$77,180

Arbitrum$72,841

Avalanche$4,339

Holders Revenue 24h$14,942

Arbitrum$14,295

Avalanche$647

Cumulative Holders Revenue$44.04m

Arbitrum$41.16m

Avalanche$2.88m

Perp Volume 30d$2.724b
Perp Volume 30d by chain

Arbitrum$2.617b

Avalanche$107.27m

MegaETH$190,827

Perp Volume 7d$366m

Arbitrum$350.56m

Avalanche$15.43m

MegaETH$11,496

Perp Volume 24h$67.31m

Arbitrum$65.62m

Avalanche$1.69m

Cumulative Perp Volume$189.364b

Arbitrum$182.021b

Avalanche$7.31b

MegaETH$26.77m

Botanix$6.03m

$46.49m

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.

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Category:Derivatives

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, swap fees, liquidation fees, and borrowing feesView 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 GitHub

Yields

Pools Tracked136

Average Supply APY9.67%

Competitors

Gains Network ($10.48m)MUX Perps ($9.35m)Contango V2 ($6.16m)GMX V1 Perps ($3.2m)ApeX Pro ($1.43m)Jarvis Network ($261,171.15)Voltz ($241,771.23)Aboard Exchange ($123.19)Vertex Perps ($49.99)RubyDex ($24.13)

Frequently Asked Questions

What is GMX V2 Perps' TVL?

GMX V2 Perps currently has $205.23m in total value locked. TVL has increased 13.4% over the past 30 days.

What chains does GMX V2 Perps operate on?

GMX V2 Perps operates on 4 chains: Botanix, Avalanche, MegaETH, and Arbitrum. Arbitrum holds the largest share at 95.6%.

How much has GMX V2 Perps generated in fees and revenue?

Over the past 30 days, GMX V2 Perps generated $1.97m in fees. Of that, $727,562 was protocol revenue. Based on the trailing year, the annualized rate is $29.53m in fees and $10.93m in revenue.

How does GMX V2 Perps' TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, GMX V2 Perps ranks #2 by TVL. The category holds $2.056b across 424 protocols, and GMX V2 Perps accounts for 10% of that total. Other leading protocols include Gains Network, MUX Perps, Contango V2, GMX V1 Perps, ApeX Pro, Jarvis Network, Voltz, Aboard Exchange, Vertex Perps, and RubyDex.

How much perpetual futures volume does GMX V2 Perps process?

GMX V2 Perps processed $2.724b in perpetual futures volume over the past 30 days.