From GMX to a multi-chain trading platform
GMX is a decentralized protocol for trading perpetual futures and spot contracts, with almost no slippage and low fees, operating on the Arbitrum and Avalanche networks, and recently expanded to Solana under the name GMX-Solana.
It relies on dynamic pricing mechanisms using Chainlink oracles, based on multi-asset liquidity pools (GLP) that support trading and return profits to liquidity providers.
Launched in 2021 — first on Arbitrum, then in 2022 expanded to Avalanche, and in 2025 to Solana. So far, it has seen trades exceeding $130–277 billion in total trading volume and more than 728,000 users.
Credibility and institutional support
It is worth mentioning that GMX follows a dual token system:
GMX: Allows for governance, staking, receiving rewards, and double APR points.
GLP: Represents the user's share in the liquidity pool and earns from fees and trading with a potential for multiple increases.
The GMX protocol redistributed part of the fees — about 30% of V1 fees and 27% of V2 — to buy GMX tokens and distribute them as yield, as a step towards increasing value and sustainability.
Simplified technical and behavioral analysis
Current price: approximately $18.27, after a noticeable rise.
Support: Ranges between $14.98 and $23.15 — the daily range as shown in the chart.
Recent behavior: The price has experienced sharp instant jumps such as:
A 100% increase within 15 minutes after massive trades on Hyperliquid Exchange.
Increase of over 100% thanks to TWAP from Binance.
A staggering increase of 1211% within 24 hours (though it may seem exaggerated) after technical improvements and reduced gas costs, attracting new liquidity, speculators, and liquidity providers.
Additionally, a rise surpassing 539% in 24 hours after the launch of a cross-chain trading system that accelerates and facilitates access.
