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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 ReportGMX 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

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
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A vast upgrade to the Pools page for liquidity providers is now live: 🔹 Track the fee APY across multiple timeframes 🔹 Compare Annualised Returns vs Benchmark 🔹 Directly view a handy performance graph Snapshot Managing your $GLV & $GM position has never been easier. 1/3
A vast upgrade to the Pools page for liquidity providers is now live:

🔹 Track the fee APY across multiple timeframes
🔹 Compare Annualised Returns vs Benchmark
🔹 Directly view a handy performance graph Snapshot

Managing your $GLV & $GM position has never been easier.

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A new Governance proposal is live for voting on Snapshot: 🔸 "Revised Fee Structure and Growth Incentives for GMX Deployment on Botanix" Please cast your vote now: https://snapshot.box/#/s:gmx.eth/
A new Governance proposal is live for voting on Snapshot:

🔸 "Revised Fee Structure and Growth Incentives for GMX Deployment on Botanix"

Please cast your vote now: https://snapshot.box/#/s:gmx.eth/
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GMX provides industry-leading opportunities for LPs. Choose your strategy:
GMX provides industry-leading opportunities for LPs. Choose your strategy:
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Discover the core elements of GMX: from seamless onchain trading, to democratised liquidity that enables anyone to earn market-leading rewards. Learn about Arbitrum's leading permissionless DEX: https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
Discover the core elements of GMX: from seamless onchain trading, to democratised liquidity that enables anyone to earn market-leading rewards.

Learn about Arbitrum's leading permissionless DEX: https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
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Discover the core elements of the GMX ecosystem: from seamless onchain trading, to democratised liquidity that enables anyone to earn top rewards. Learn about Arbitrum's leading permissionless DEX: 🔗https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
Discover the core elements of the GMX ecosystem: from seamless onchain trading, to democratised liquidity that enables anyone to earn top rewards.

Learn about Arbitrum's leading permissionless DEX: 🔗https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
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Discover the core elements of the GMX ecosystem: from seamless onchain trading, to democratised liquidity that enables anyone to earn top rewards. Learn about Arbitrum's leading permissionless DEX: 🔗 https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
Discover the core elements of the GMX ecosystem: from seamless onchain trading, to democratised liquidity that enables anyone to earn top rewards.

Learn about Arbitrum's leading permissionless DEX:

🔗 https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
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Discover the core elements of the GMX ecosystem: from seamless onchain trading, to democratised liquidity that enables anyone to earn market-leading rewards. Read about Arbitrum's leading permissionless DEX, on their blog: 🔗 https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
Discover the core elements of the GMX ecosystem: from seamless onchain trading, to democratised liquidity that enables anyone to earn market-leading rewards.

Read about Arbitrum's leading permissionless DEX, on their blog: 🔗 https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
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Discover the core elements of the GMX ecosystem: from seamless onchain trading, to democratised liquidity that enables anyone to earn market-leading rewards. Read about Arbitrum's leading permissionless DEX, on their blog: 🔗 https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
Discover the core elements of the GMX ecosystem: from seamless onchain trading, to democratised liquidity that enables anyone to earn market-leading rewards.

Read about Arbitrum's leading permissionless DEX, on their blog:

🔗 https://blog.arbitrum.io/gmx-an-in-depth-look-at-arbitrums-leading-permissionless-exchange-for-on-chain-leverage-trading/
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Looking to Long or Short your favourite token without giving up custody or security? GMX is the permissionless platform making this possible. Live on #Arbitrum for nearly 4 years, serving 800,000+ users an optimised onchain trading experience: http://app.gmx.io 1/2 👇
Looking to Long or Short your favourite token without giving up custody or security?

GMX is the permissionless platform making this possible.

Live on #Arbitrum for nearly 4 years, serving 800,000+ users an optimised onchain trading experience: http://app.gmx.io

1/2 👇
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Here are the key usage metrics for the GMX protocol this week:
Here are the key usage metrics for the GMX protocol this week:
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Introducing: GMX Express. A major upgrade to the onchain trading experience, now live on @Arbitrum and @Avax. GMX Express delivers a faster, more reliable, and frictionless way to trade — even during periods of high network congestion. Here’s all that it offers users 👇 1/7 🧵
Introducing: GMX Express. A major upgrade to the onchain trading experience, now live on @Arbitrum and @Avax.

GMX Express delivers a faster, more reliable, and frictionless way to trade — even during periods of high network congestion. Here’s all that it offers users 👇

1/7 🧵
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Anyone can provide liquidity on GMX and earn fees from market making, swaps and leverage trading. The isolated GM pools and capital-efficient GLV vaults tend to offer LPs outstanding returns:👇 🔹Example: GMX's LINK/USD market on Arbitrum has recently had around 80% utilisation, and currently offers ~22.30% APY. The LPs in this pool have earned: - 19% APR compared to benchmark, over the last 3-month period. All of it coming from trading fees, while trader P&L remained neutral. - 44% APR compared to benchmark, over the last 6-month period. Out of these, 23% of APR comes from fees, and the rest comes from trader losses. With liquidity providers earning 63% of all trading fees, and the pools experiencing lower impermanent loss than typical AMMs, the $GM pools generally outperform typical Benchmark LP positions (e.g., Uniswap V2's 50/50 rebalancing pools) Concerned about exposure to trader P&L? GM liquidity pools tend to maintain balanced Open Interest, thanks to GMX V2's Adaptive Funding mechanism and balancing incentives for LPs & Traders. Consider moving your liquidity to GMX to earn market-leading returns as well.
Anyone can provide liquidity on GMX and earn fees from market making, swaps and leverage trading. The isolated GM pools and capital-efficient GLV vaults tend to offer LPs outstanding returns:👇

🔹Example: GMX's LINK/USD market on Arbitrum has recently had around 80% utilisation, and currently offers ~22.30% APY.

The LPs in this pool have earned:

- 19% APR compared to benchmark, over the last 3-month period. All of it coming from trading fees, while trader P&L remained neutral.

- 44% APR compared to benchmark, over the last 6-month period. Out of these, 23% of APR comes from fees, and the rest comes from trader losses.

With liquidity providers earning 63% of all trading fees, and the pools experiencing lower impermanent loss than typical AMMs, the $GM pools generally outperform typical Benchmark LP positions (e.g., Uniswap V2's 50/50 rebalancing pools)

Concerned about exposure to trader P&L? GM liquidity pools tend to maintain balanced Open Interest, thanks to GMX V2's Adaptive Funding mechanism and balancing incentives for LPs & Traders.

Consider moving your liquidity to GMX to earn market-leading returns as well.
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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.
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.
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Here are this week’s essential metrics for the $GMX protocol:
Here are this week’s essential metrics for the $GMX protocol:
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Introducing a new market for traders and LPs: 🔸 ZRO/USD from @LayerZero_Core Trade ZRO perpetual swaps straight from your wallet, no deposit required, and enjoy the next-gen execution speed of GMX on @Arbitrum. $ZRO 1/4
Introducing a new market for traders and LPs:

🔸 ZRO/USD from @LayerZero_Core

Trade ZRO perpetual swaps straight from your wallet, no deposit required, and enjoy the next-gen execution speed of GMX on @Arbitrum.

$ZRO

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Now Live: TWAP Orders on GMX Execute large trades smarter with Time-Weighted Average Price orders — available for Perps and Spot. Minimise price impact, reduce risk, and automate your execution with precision. 1/2
Now Live: TWAP Orders on GMX

Execute large trades smarter with Time-Weighted Average Price orders — available for Perps and Spot.

Minimise price impact, reduce risk, and automate your execution with precision.

1/2
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Have you had a chance to explore the powerful Depth Charts that were introduced on GMX? Simply switch from the Price tab to the Depth tab on the chart screen, to view: 🔸 Available liquidity for that market 🔸 The execution price for any position size 🔸 The positive or negative price impact for that size
Have you had a chance to explore the powerful Depth Charts that were introduced on GMX?

Simply switch from the Price tab to the Depth tab on the chart screen, to view:

🔸 Available liquidity for that market
🔸 The execution price for any position size
🔸 The positive or negative price impact for that size
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