Logo of GMXGMX(GMX)
Total Value Locked$207.94m

TVL by Chain

Arbitrum$197.01m

Avalanche$10.33m

MegaETH$607,914

Botanix$0

Key Metrics

Fees 30d$1.91m
Fees 30d by chain

Arbitrum$1.81m

Avalanche$99,625

Fees 7d$230,517

Arbitrum$216,840

Avalanche$13,677

Fees 24h$48,662

Arbitrum$47,823

Avalanche$839

Cumulative Fees$465.64m

Arbitrum$383.02m

Avalanche$82.62m

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$151.13m

Arbitrum$125.59m

Avalanche$25.53m

Holders Revenue 30d$515,984
Holders Revenue 30d by chain

Arbitrum$489,084

Avalanche$26,900

Holders Revenue 7d$62,238

Arbitrum$58,546

Avalanche$3,692

Holders Revenue 24h$13,138

Arbitrum$12,912

Avalanche$226

Cumulative Holders Revenue$134.8m

Arbitrum$110.33m

Avalanche$24.47m

Incentives 1y$278,730.95

$3,895.24

$98.95

$0

$40.13m

Earnings (Annualized)$10.65m

$723,666.76

$105,668.05

$20,477

$111m

DEX Volume 30d$39.08m
DEX Volume 30d by chain

Arbitrum$32.42m

Avalanche$6.66m

MegaETH$543.29

DEX Volume 7d$10.64m

Arbitrum$9.59m

Avalanche$1.05m

MegaETH$258.07

DEX Volume 24h$3.29m

Arbitrum$3.07m

Avalanche$217,789

MegaETH$0

Cumulative DEX Volume$23.184b

Arbitrum$17.624b

Avalanche$5.373b

Solana$185.46m

Botanix$863,503.4

MegaETH$7,087.17

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$335.506b

Arbitrum$306.201b

Avalanche$29.272b

MegaETH$26.77m

Botanix$6.03m

$47.53m

Market Cap$81.84m

$GMX Price$7.83

All Time High$91.07

All Time Low$4.81

View $GMX token page

$81.84m

$103.75m

$GMX Volume 24h$2.48m

CEX Volume$1.64m

DEX Volume$1.04m(42.02% of total)

Staked$48.62m(59.4% of mcap)

Treasury$26.07m

$8.64m

Stablecoins$13.33m

Own Tokens$2.38m

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 Tracked137

Average Supply APY9.97%

User Activity

Active Addresses (24h)0

New Addresses (24h)0

Transactions (24h)0

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 $207.94m in total value locked. TVL has increased 13.2% 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 94.7%.

How much has GMX generated in fees and revenue?

Over the past 30 days, GMX generated $1.91m in fees. Of that, $727,562 was protocol revenue. Based on the trailing year, the annualized rate is $29.55m in fees and $10.93m in revenue.

What is the GMX token price and valuation?

GMX is currently trading at $7.83. Its circulating market capitalization is $81.84m, ranking it #435. Its fully diluted valuation is $81.84m. Supply currently stands at 10.46m circulating, 10.46m total supply, 13.25m maximum supply.

How has GMX performed recently?

GMX is up 7.2% over the past 7 days and up 18% over the past 30 days. Its all-time high is $91.07, reached on Apr 18, 2023. The token is currently 91.4% 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 $39.08m in DEX volume over the past 30 days.

Does GMX have a treasury?

GMX has a tracked treasury currently valued at $26.07m. Its holdings include $13.33m in stablecoins, $8.64m in major assets, $2.38m 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.