Ask about GMX
Logo of GMXGMX(GMX)
Total Value Locked$207.87m

TVL by Chain

Arbitrum$197.03m

Avalanche$10.23m

MegaETH$610,870

Botanix$0

Key Metrics

Fees 30d$1.94m
Fees 30d by chain

Arbitrum$1.84m

Avalanche$100,406

Fees 7d$258,798

Arbitrum$244,651

Avalanche$14,147

Fees 24h$10,153

Arbitrum$9,666

Avalanche$487

Cumulative Fees$465.71m

Arbitrum$383.08m

Avalanche$82.63m

Revenue 30d$716,103
Revenue 30d by chain

Arbitrum$678,955

Avalanche$37,148

Revenue 7d$95,754

Arbitrum$90,521

Avalanche$5,233

Revenue 24h$3,756

Arbitrum$3,576

Avalanche$180

Cumulative Revenue$151.13m

Arbitrum$125.6m

Avalanche$25.53m

Holders Revenue 30d$522,564
Holders Revenue 30d by chain

Arbitrum$495,454

Avalanche$27,110

Holders Revenue 7d$69,873

Arbitrum$66,055

Avalanche$3,818

Holders Revenue 24h$2,741

Arbitrum$2,610

Avalanche$131

Cumulative Holders Revenue$134.82m

Arbitrum$110.35m

Avalanche$24.47m

Incentives 1y$277,926.18

$3,799.47

$54.47

$0

$40.13m

Earnings (Annualized)$10.58m

$712,303.53

$95,699.53

$3,756

$111.01m

DEX Volume 30d$39.63m
DEX Volume 30d by chain

Arbitrum$32.94m

Avalanche$6.69m

MegaETH$534.05

DEX Volume 7d$10.48m

Arbitrum$9.45m

Avalanche$1.02m

MegaETH$251.04

DEX Volume 24h$550,198

Arbitrum$518,277

Avalanche$31,921

MegaETH$0

Cumulative DEX Volume$23.184b

Arbitrum$17.625b

Avalanche$5.373b

Solana$185.46m

Botanix$863,503.4

MegaETH$7,087.17

Perp Volume 30d$2.678b
Perp Volume 30d by chain

Arbitrum$2.574b

Avalanche$104.41m

MegaETH$185,538

Perp Volume 7d$322.36m

Arbitrum$308.94m

Avalanche$13.41m

MegaETH$11,560

Perp Volume 24h$9.72m

Arbitrum$9.27m

Avalanche$452,409

MegaETH$140

Cumulative Perp Volume$335.516b

Arbitrum$306.211b

Avalanche$29.273b

MegaETH$26.77m

Botanix$6.03m

$46.72m

Market Cap$83.07m

$GMX Price$7.94

All Time High$91.07

All Time Low$4.81

View $GMX token page

$83.07m

$105.21m

$GMX Volume 24h$2.21m

CEX Volume$1.74m

DEX Volume$583,278.34(26.35% of total)

Staked$49.25m(59.28% of mcap)

Treasury$26.18m

$8.65m

Stablecoins$13.36m

Own Tokens$2.44m

Others$1.73m

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 Tracked135

Average Supply APY9.2%

User Activity

Active Addresses (24h)1

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, swap fees, liquidation fees, and borrowing feesView 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 $207.87m in total value locked. TVL has increased 12.8% 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 94.8%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.94m in fees. Of that, $716,103 was protocol revenue. Based on the trailing year, the annualized rate is $29.35m in fees and $10.86m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $8.02. Its circulating market capitalization is $83.85m, ranking it #429. Its fully diluted valuation is $83.85m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 0.8% over the past 7 days and up 18.5% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91.2% 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 $39.63m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $26.18m. Its holdings include $13.36m in stablecoins, $8.65m in major assets, $2.44m in its own tokens, $1.73m 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.