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
The GMX DAO community has addressed key questions around the distribution plan for the recovered GLP funds. A follow-up vote is expected to go live on Snapshot tomorrow, Thursday.
Once the results of this vote are in, the distribution of the funds to users will begin.
Once the results of this vote are in, the distribution of the funds to users will begin.
GMX introduces a Single-Token Pool for the ARB/USD market:
🔸 ARB/USD [ARB-ARB]
This single-asset GM pool enables users to supply 100% ARB liquidity to the ARB/USD market, allowing them to earn yield while avoiding impermanent loss.
The new liquidity pool complements the existing ARB/USD [ARB-USDC] pool.
🔸 ARB/USD [ARB-ARB]
This single-asset GM pool enables users to supply 100% ARB liquidity to the ARB/USD market, allowing them to earn yield while avoiding impermanent loss.
The new liquidity pool complements the existing ARB/USD [ARB-USDC] pool.
There was a security vulnerability in the GMX V1 codebase that was disclosed. GMX V1 forks were also safely notified.
We would like to recognise the actions of 0xDF3340A436c27655bA62F8281565C9925C3a5221 in this recovery. A potential exploitable amount of $42 million belonging to GLP holders was secured.
After payment of a $5 million bounty to the user, the remaining funds are now safely in the GMX Security Multisig.
Contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.
We would like to recognise the actions of 0xDF3340A436c27655bA62F8281565C9925C3a5221 in this recovery. A potential exploitable amount of $42 million belonging to GLP holders was secured.
After payment of a $5 million bounty to the user, the remaining funds are now safely in the GMX Security Multisig.
Contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.
The GLP pool of GMX V1 on Arbitrum has experienced an exploit. Approximately $40M in tokens has been transferred from the GLP pool to an unknown wallet.
Security has always been a core priority for GMX, with the GMX smart contracts undergoing numerous audits from top security specialists. So, in this hands-on-deck moment, all core contributors are investigating how the manipulation occurred, and what vulnerability may have enabled it.
Our security partners are also deeply involved, to ensure we gain a thorough understanding of the events that occurred and minimise any associated risks as quickly as possible. Our primary focus is on recovery and pinpointing the root cause of the issue.
Actions taken:
Trading on GMX V1, and the minting and redeeming of GLP, have been disabled on both Arbitrum and Avalanche to prevent any further attack vectors and protect users from additional negative impacts.
Scope of the vulnerability:
Please note that the exploit does not affect GMX V2, its markets, or liquidity pools, nor the GMX token itself.
Based on the available information, the vulnerability is limited to GMX V1 and its GLP pool.
As soon as we have more complete and validated information, a detailed incident report will follow.
Security has always been a core priority for GMX, with the GMX smart contracts undergoing numerous audits from top security specialists. So, in this hands-on-deck moment, all core contributors are investigating how the manipulation occurred, and what vulnerability may have enabled it.
Our security partners are also deeply involved, to ensure we gain a thorough understanding of the events that occurred and minimise any associated risks as quickly as possible. Our primary focus is on recovery and pinpointing the root cause of the issue.
Actions taken:
Trading on GMX V1, and the minting and redeeming of GLP, have been disabled on both Arbitrum and Avalanche to prevent any further attack vectors and protect users from additional negative impacts.
Scope of the vulnerability:
Please note that the exploit does not affect GMX V2, its markets, or liquidity pools, nor the GMX token itself.
Based on the available information, the vulnerability is limited to GMX V1 and its GLP pool.
As soon as we have more complete and validated information, a detailed incident report will follow.
Long or Short Bitcoin directly from your self-custody wallet, using (yield-earning) Staked Bitcoin as collateral, with your trades secured by the Bitcoin network:
Exclusively on GMX on Botanix. ⤵️
1/5
Exclusively on GMX on Botanix. ⤵️
1/5
Introducing a new meme market for traders and liquidity providers:
🔸 MOODENG/USD
Long or Short the popular baby hippo straight from your own wallet, no depositing required. Experience the execution speed and streamlined UX of GMX on Arbitrum.
#MOODENG
1/2
🔸 MOODENG/USD
Long or Short the popular baby hippo straight from your own wallet, no depositing required. Experience the execution speed and streamlined UX of GMX on Arbitrum.
#MOODENG
1/2
Live Now: "GMX Perpetuals Trading" — a comprehensive DeFi course about GMX on Updraft, taught by @ProgrammerSmart, one of the world’s top Solidity smart contract developers and web3 educators.
Delve into GMX's state-of-the-art smart contracts and the trading and liquidity infrastructure they enable — on @CyfrinUpdraft, the leading education platform for web3 builders.
By taking this advanced Perp DEX development course, you will:
🔸Understand GMX’s cutting-edge trading technology
🔸Enhance your skills as a developer
🔸Certify your dev expertise
🔸And successfully build on top of GMX...
"GMX Perpetuals Trading" is the most up-to-date and comprehensive #DeFi curriculum available online. It includes over 90 lessons and more than 4 hours of expert video tutorials, along with practical exercises and quizzes to facilitate effective learning.
Join now to uncover the vast possibilities of the GMX smart contracts, contribute to the ecosystem, and help shape the future of open, permissionless, decentralised finance.
Builders who successfully complete the course and develop a trading integration, agent, vault, or other added-value tool on top of GMX will be rewarded. ⤵️
#GMX
Delve into GMX's state-of-the-art smart contracts and the trading and liquidity infrastructure they enable — on @CyfrinUpdraft, the leading education platform for web3 builders.
By taking this advanced Perp DEX development course, you will:
🔸Understand GMX’s cutting-edge trading technology
🔸Enhance your skills as a developer
🔸Certify your dev expertise
🔸And successfully build on top of GMX...
"GMX Perpetuals Trading" is the most up-to-date and comprehensive #DeFi curriculum available online. It includes over 90 lessons and more than 4 hours of expert video tutorials, along with practical exercises and quizzes to facilitate effective learning.
Join now to uncover the vast possibilities of the GMX smart contracts, contribute to the ecosystem, and help shape the future of open, permissionless, decentralised finance.
Builders who successfully complete the course and develop a trading integration, agent, vault, or other added-value tool on top of GMX will be rewarded. ⤵️
#GMX
A new market is now available:
🔸 PI/USD (Pi Network)
Trade the token from @PiCoreTeam with up to 100x leverage if desired, directly from your own self-custody wallet. Or provide GM or GLV liquidity to earn pool rewards.
$PI
1/2 ⤵️
🔸 PI/USD (Pi Network)
Trade the token from @PiCoreTeam with up to 100x leverage if desired, directly from your own self-custody wallet. Or provide GM or GLV liquidity to earn pool rewards.
$PI
1/2 ⤵️
Another new market is now available for traders and liquidity providers on GMX, by popular demand:
🔸 XMR/USD
Permissionlessly Long or Short the Monero token with up to 100x from your self-custody wallet. Only on GMX.
$XMR
🔸 XMR/USD
Permissionlessly Long or Short the Monero token with up to 100x from your self-custody wallet. Only on GMX.
$XMR
A new market is now available for traders and liquidity providers:
🔸 CRV/USD
You can Long or Short the @CurveFinance token with up to 100x, enjoying the GMX experience of self-custody and fast onchain execution. Alternatively, LP to earn rewards from the pool.
$CRV
1/2
🔸 CRV/USD
You can Long or Short the @CurveFinance token with up to 100x, enjoying the GMX experience of self-custody and fast onchain execution. Alternatively, LP to earn rewards from the pool.
$CRV
1/2
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