GMX
Decentralized perpetual exchange, trade BTC, ETH and more with with up to 50x leverage directly from your wallet.
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GMX Q4 2024 Financial Report
GMX is a leading perpetual and spot exchange, providing a seamless trading experience across multiple public blockchains. The permissionless DEX offers low swap fees, deep liquidity, one-click trading, multi-collateral support, and fair pricing through low-latency Chainlink Data Streams.
Trading is supported by unique isolated and multi-asset pools, which enable anyone to provide liquidity and earn fees. With its composable liquidity pools and more than 80 ecosystem integrations, GMX serves as a foundational base layer for DeFi on the Arbitrum, Avalanche and Solana blockchains.
Revenue and User Statistics 2025-03-21 $GMX Token Metrics as of 2025-03-21
Market Cap: $143,439,043Fully Diluted Market Cap: $189,827,07Circulating supply: 10,025,306.81 GMXMax Supply: 13,250,000 GMXToken Holders: 315,500 token holders
Performance Highlights:
In February, GMX experienced one of its highest-volume weeks ever, with over $1 Billion in 24-hour volume and $4.72 Billion in weekly volume.GMX-Solana has just gone live, bringing the permissionless GMX trading experience to the Solana blockchain alongside Arbitrum and Avalanche.GMX launched GLV: an innovative solution built on top of GMX V2’s liquidity pools, which dynamically rebalances its liquidity to the best-performing markets and significantly outperforms benchmark Uniswap V2 pools.
Future Outlook:
GMX Multichain: trade on GMX seamlessly from any EVM blockchainGasless Transactions will be introduced, streamlining the trading experienceCross-collateral Support will be launched, further optimising the UX for traders
Trading is supported by unique isolated and multi-asset pools, which enable anyone to provide liquidity and earn fees. With its composable liquidity pools and more than 80 ecosystem integrations, GMX serves as a foundational base layer for DeFi on the Arbitrum, Avalanche and Solana blockchains.
Revenue and User Statistics 2025-03-21 $GMX Token Metrics as of 2025-03-21
Market Cap: $143,439,043Fully Diluted Market Cap: $189,827,07Circulating supply: 10,025,306.81 GMXMax Supply: 13,250,000 GMXToken Holders: 315,500 token holders
Performance Highlights:
In February, GMX experienced one of its highest-volume weeks ever, with over $1 Billion in 24-hour volume and $4.72 Billion in weekly volume.GMX-Solana has just gone live, bringing the permissionless GMX trading experience to the Solana blockchain alongside Arbitrum and Avalanche.GMX launched GLV: an innovative solution built on top of GMX V2’s liquidity pools, which dynamically rebalances its liquidity to the best-performing markets and significantly outperforms benchmark Uniswap V2 pools.
Future Outlook:
GMX Multichain: trade on GMX seamlessly from any EVM blockchainGasless Transactions will be introduced, streamlining the trading experienceCross-collateral Support will be launched, further optimising the UX for traders
TON × GMX Perp DEX Development Competition: Winners Announced
GMX and the TON Foundation collaborated on a Perp DEX development competition, to push the boundaries of DeFi.
After assessing criteria like code quality, scalability, community traction and more, here are the contest winners:
🥇 Storm Trade — 1st place for their standout architecture & native TON integration (@storm_trade_ton)
🥈 Tradoor & TON Hedge — Tied for 2nd with alternative, high-potential approaches (@tradoor_io & @tonhedge)
All winners will receive advisory support from GMX and other leading DeFi builders to accelerate their growth.
Through this joint competition, the TON Foundation intended to leverage GMX's deep expertise in Perp DEX systems, while GMX aimed to foster the advancement of trading on public blockchains.
GMX and the TON Foundation collaborated on a Perp DEX development competition, to push the boundaries of DeFi.
After assessing criteria like code quality, scalability, community traction and more, here are the contest winners:
🥇 Storm Trade — 1st place for their standout architecture & native TON integration (@storm_trade_ton)
🥈 Tradoor & TON Hedge — Tied for 2nd with alternative, high-potential approaches (@tradoor_io & @tonhedge)
All winners will receive advisory support from GMX and other leading DeFi builders to accelerate their growth.
Through this joint competition, the TON Foundation intended to leverage GMX's deep expertise in Perp DEX systems, while GMX aimed to foster the advancement of trading on public blockchains.
A new Governance proposal is live for voting on Snapshot:
🔸 "GMX V2 Deployment on Spiderchain from @BotanixLabs"
Please cast your vote now: https://snapshot.box/#/s:gmx.eth/
This vote will end in 3 days, on Monday, April 28.
🔸 "GMX V2 Deployment on Spiderchain from @BotanixLabs"
Please cast your vote now: https://snapshot.box/#/s:gmx.eth/
This vote will end in 3 days, on Monday, April 28.
GMX is proud to announce the primary Perp DEX listing of:
🔸 DOLO/USD from @Dolomite_io
Trade perps for the just-launched DOLO token directly from your wallet, and enjoy self-custody, high margin if desired, and fast onchain execution on @Arbitrum.
$DOLO
1/4
🔸 DOLO/USD from @Dolomite_io
Trade perps for the just-launched DOLO token directly from your wallet, and enjoy self-custody, high margin if desired, and fast onchain execution on @Arbitrum.
$DOLO
1/4
The Governance vote on the proposal to select a bridging & messaging partner for GMX has concluded.
The DAO has expressed a preference for @LayerZero_Core as the preferred messaging infrastructure provider for GMX Multichain.
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The DAO has expressed a preference for @LayerZero_Core as the preferred messaging infrastructure provider for GMX Multichain.
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🔹 24h Volume: $1.01 Billion.
Thank you to the hundreds of thousands of GMX users who continue to support permissionless onchain trading.
Thank you to the hundreds of thousands of GMX users who continue to support permissionless onchain trading.
A new proposal to the GMX DAO has been published on the Governance forum:
🔸 "GMX V2 Hybrid Deployment on Botanix"
This proposal seeks to gauge the community’s interest in deploying GMX V2 on @BotanixLabs' Spiderchain.
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🔸 "GMX V2 Hybrid Deployment on Botanix"
This proposal seeks to gauge the community’s interest in deploying GMX V2 on @BotanixLabs' Spiderchain.
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Reminder: a crucial Governance proposal related to the ongoing development of GMX Multichain is live for voting on Snapshot.
🔸 "Bridging & Messaging Partner For GMX"
This Snapshot vote will end on Saturday, April 12.
Cast your vote now: https://snapshot.box/#/s:gmx.eth/
🔸 "Bridging & Messaging Partner For GMX"
This Snapshot vote will end on Saturday, April 12.
Cast your vote now: https://snapshot.box/#/s:gmx.eth/
GMX aims to provide an optimised onchain trading experience for its thousands of weekly users. To that end, the devs recently implemented several enhancements:
🔸 Added support for Stop Market Orders
🔸 Enabled 'drag and drop' editing of orders (Take Profit/Stop Loss/Limit/Stop Market) directly on the chart
🔸 Optimised swap routing for both spot swaps and perpetual trades
🔸 Introduced various enhancements to the Trade UI: a new Version/Network dropdown, an Order Types dropdown, a clearer Chart Header, and updated token decimal logic
🔸 Improved the Mobile UI, by including 24-hour volumes in the market dropdown and updating the position cards.
🔸 Updated BigNumbers to use the k, m, and b suffixes for better clarity and readability in the dApp
🔸 Enhanced the recently introduced Depth Charts, refining the step sizing, colours, chart display for newer assets, and mobile experience
🔸 Updated the PnL Analysis page to show 7-day data by default, for a cleaner overview
🔸 Clarified the Network Fee calculations by including the estimated gas buffer refund in the cost display
🔸 Strengthened the logic for Limit Swaps and Limit Increase orders
🔸 Updated the helpers of the SDK
🔸 Added support for Stop Market Orders
🔸 Enabled 'drag and drop' editing of orders (Take Profit/Stop Loss/Limit/Stop Market) directly on the chart
🔸 Optimised swap routing for both spot swaps and perpetual trades
🔸 Introduced various enhancements to the Trade UI: a new Version/Network dropdown, an Order Types dropdown, a clearer Chart Header, and updated token decimal logic
🔸 Improved the Mobile UI, by including 24-hour volumes in the market dropdown and updating the position cards.
🔸 Updated BigNumbers to use the k, m, and b suffixes for better clarity and readability in the dApp
🔸 Enhanced the recently introduced Depth Charts, refining the step sizing, colours, chart display for newer assets, and mobile experience
🔸 Updated the PnL Analysis page to show 7-day data by default, for a cleaner overview
🔸 Clarified the Network Fee calculations by including the estimated gas buffer refund in the cost display
🔸 Strengthened the logic for Limit Swaps and Limit Increase orders
🔸 Updated the helpers of the SDK
An important new Governance proposal related to the ongoing development of GMX Multichain is now live on Snapshot:
🔸 "Bridging & Messaging Partner For GMX"
Tokenholders, please review the proposal and cast your vote: https://snapshot.box/#/s:gmx.eth/
🔸 "Bridging & Messaging Partner For GMX"
Tokenholders, please review the proposal and cast your vote: https://snapshot.box/#/s:gmx.eth/
729,000 GMX users have managed to generate $280 Billion in notional trading volume.
Over the past 365 days, GMX's multichain perpetual exchange generated about $100 Million in fees and earned nearly $32 Million in revenue.
Learn more on @TokenTerminal: https://tokenterminal.com/explorer/studio/dashboards/ae3fd53e-3c20-4382-980a-ef83dbf6991d
Over the past 365 days, GMX's multichain perpetual exchange generated about $100 Million in fees and earned nearly $32 Million in revenue.
Learn more on @TokenTerminal: https://tokenterminal.com/explorer/studio/dashboards/ae3fd53e-3c20-4382-980a-ef83dbf6991d
Reminder: Nominations for the three governance committees of the GMX DAO are now open.
As we approach the end of the initial six-month terms for GMX's Governance Committee, Listing Committee, and Security Committee, we invite the community to nominate new candidates for these positions.
The nomination period for new committee members will remain open until April 2.
For more information on the responsibilities of committee members and the associated compensation, please visit: https://t.co/PVNVpEvf4v.
If new delegates are not elected by the DAO, the current committee members have expressed their willingness to continue serving for another term.
As we approach the end of the initial six-month terms for GMX's Governance Committee, Listing Committee, and Security Committee, we invite the community to nominate new candidates for these positions.
The nomination period for new committee members will remain open until April 2.
For more information on the responsibilities of committee members and the associated compensation, please visit: https://t.co/PVNVpEvf4v.
If new delegates are not elected by the DAO, the current committee members have expressed their willingness to continue serving for another term.
An important GMX Community Call has been scheduled:
Q&A Session and Presentation of the Proposals by the potential Bridging & Messaging Partners for GMX Multichain
All community members are invited to listen in to this Community Call on Google Meet, ask questions, and hear from the involved parties.
———
📅 Date: Monday, 31 March
🕛 Start Time: 1:30 PM UTC | 9:30 AM ET | 5:30 PM UAE | 9:30 PM SGT
🕛 Expected End Time: 3 PM UTC | 11:00 AM ET | 7 PM UAE | 11 PM SGT
📍 Venue: Google Meet: https://t.co/GYEImVCluB
———
The related discussion thread on the GMX Governance forum, including the bridging & messaging partners' submitted proposals, can be found here:
>
Q&A Session and Presentation of the Proposals by the potential Bridging & Messaging Partners for GMX Multichain
All community members are invited to listen in to this Community Call on Google Meet, ask questions, and hear from the involved parties.
———
📅 Date: Monday, 31 March
🕛 Start Time: 1:30 PM UTC | 9:30 AM ET | 5:30 PM UAE | 9:30 PM SGT
🕛 Expected End Time: 3 PM UTC | 11:00 AM ET | 7 PM UAE | 11 PM SGT
📍 Venue: Google Meet: https://t.co/GYEImVCluB
———
The related discussion thread on the GMX Governance forum, including the bridging & messaging partners' submitted proposals, can be found here:
>
Important security notice:
There appears to have been an exploit related to Abracadabra/Spell's cauldrons that utilise GM tokens, as noted by PeckShield and other security specialists monitoring the blockchain.
To clarify, no issues have been identified with GMX contracts, and they are not affected by this unfortunate situation.
We believe the issue relates solely to the Abracadabra/Spell cauldrons. These cauldrons allow for borrowing against specific GM liquidity tokens.
The contributors from Spell, GMX, and security researchers are currently investigating the cause of the issue.
There appears to have been an exploit related to Abracadabra/Spell's cauldrons that utilise GM tokens, as noted by PeckShield and other security specialists monitoring the blockchain.
To clarify, no issues have been identified with GMX contracts, and they are not affected by this unfortunate situation.
We believe the issue relates solely to the Abracadabra/Spell cauldrons. These cauldrons allow for borrowing against specific GM liquidity tokens.
The contributors from Spell, GMX, and security researchers are currently investigating the cause of the issue.
A new Governance proposal is live on @Tallyxyz:
🔸 "Administration of Protocol Owned Liquidity"
Tokenholders, please review the proposal and cast your vote: https://www.tally.xyz/gov/gmx
🔸 "Administration of Protocol Owned Liquidity"
Tokenholders, please review the proposal and cast your vote: https://www.tally.xyz/gov/gmx
A new market is now available for trading:
🔸 MKR/USD
Go Long or Short the @MakerDAO token with up to 50x, enjoying the GMX experience of self-custody and permissionlessness. Alternatively, provide liquidity to earn pool rewards.
$MKR
1/2
🔸 MKR/USD
Go Long or Short the @MakerDAO token with up to 50x, enjoying the GMX experience of self-custody and permissionlessness. Alternatively, provide liquidity to earn pool rewards.
$MKR
1/2
Introducing a new market for traders and LPs on GMX:
🔸 OM/USD (Mantra)
You can now trade OM perpetual swaps directly from your wallet, enjoying self-custody, up to 50x leverage, and fast onchain execution on Arbitrum.
$OM @MANTRA_Chain
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🔸 OM/USD (Mantra)
You can now trade OM perpetual swaps directly from your wallet, enjoying self-custody, up to 50x leverage, and fast onchain execution on Arbitrum.
$OM @MANTRA_Chain
1/3
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