GMX

GMX Price

What is GMX?

GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet. The DEX is live on Arbitrum, Avalanche, and Solana, and in the process of enabling multichain access from all popular EVM blockchains. Trading on GMX is facilitated by isolated GM pools and capital-efficient GLV vaults, enabling anyone to provide liquidity and earn fees.

How does GMX work?

On GMX, traders benefit from low fees, seamless 1-Click Trading, fair and transparent Chainlink pricing, hundreds of millions in liquidity, support for multiple assets as collateral, and a complete suite of trading and price alerts. These features set it apart from many other decentralised exchanges. With its composable liquidity pools and over 80 ecosystem integrations, GMX serves as a foundational base layer for Multichain DeFi.

History of GMX

The onchain GMX exchange has been live for around 4 years, attracting over a million users and facilitating close to 300 billion USD in trading volume. GMX initially deployed on Arbitrum, the leading Ethereum Layer 2 blockchain, on the same day that Arbitrum One went live on Mainnet. The permissionless DEX deployed to the Avalanche blockchain soon after, and expanded to Solana in early 2025.

What makes GMX unique?

• Multichain: Trade on GMX from any supported EVM chain
• GMX Express & Network Fee Subsidies
• Cross-collateral Support & Cross-Margin
• Scaling Liquidity via Net Open Interest

What can the GMX token be used for?

GMX is the platform's utility and governance token. Holding the token unlocks a variety of benefits: it provides Governance power, allowing the holder to influence the future development direction of the GMX protocol, and it can be staked to earn rewards, funded by the swap and leverage trading fees the protocol generates.

Where can you buy GMX?

GMX tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade GMX is Binance, where the most active trading pair GMX/USDT has a trading volume of $367,250.45 in the last 24 hours. Other popular options include OKX and OrangeX.

What is the daily trading volume of GMX (GMX)?

The trading volume of GMX (GMX) is $4,031,606.82 in the last 24 hours, representing a -0.50% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for GMX (GMX)?

GMX (GMX) reached an all-time high of $91.07 and an all-time low of $4.81. It’s now trading -90.80% below that peak and 73.70% above its lowest price.

What is the market cap of GMX (GMX)?

Market capitalization of GMX (GMX) is $87,373,154 and is ranked #324 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of GMX tokens (10 Million tokens are tradable on the market today).

What is the fully diluted valuation of GMX (GMX)?

The fully diluted valuation (FDV) of GMX (GMX) is $87,373,154. This is a statistical representation of the maximum market cap, assuming the maximum number of 13 Million GMX tokens are in circulation today. Depending on how the emission schedule of GMX tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of GMX compare against its peers?

With a price increase of 11.40% in the last 7 days, GMX (GMX) is outperforming the global cryptocurrency market which is up 3.80%, while outperforming when compared to similar Decentralized Finance (DeFi) cryptocurrencies which are up 10.40%.