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Perpetuals exchange

GMX

Live data · updated every hour

GMX is a decentralized perpetual and spot exchange on Arbitrum and Avalanche.

TVL rank#28CategoryPerpetualsChains4SinceSep 2021
All DeFi protocols
Total value locked$246M+0.1% in 24h · +2.1% in 7d
Fees · 24h$552K$5.28M over 30 days
Revenue · 24h$141K$17.72M annualized
Revenue share28%Share of fees kept over 30 days
GMX price$8.82+3.0% in 24h
Market cap$91.8MFully diluted $117M
Mcap / TVL0.37Token value per $1 locked
Chains483.7% on Arbitrum

GMX TVL

Assets deposited in GMX across 4 chains, in US dollars.

Value locked$246M0.25% of all DeFi
Change · 1Y−$300M−54.9% over the period
Period high$558MOct 7, 2025
Period low$205MJun 18, 2026
Total value locked Touch the chart for valuesHover the chart for values

Supported chains

Deployed on 4 chains. Arbitrum holds 83.7% of deposits.

Fees & revenue

Monthly fees paid by users and the share GMX keeps as revenue. The current month is to date.

Fees · 30d$5.28M$1.83M in the past 7 days
Revenue · 30d$1.46M$479K in the past 7 days
Annualized revenue$17.72MPast 30 days, annualized
Price to sales5.2×Market cap ÷ annualized revenue
FeesRevenue Last 12 months

About GMX

What it does, how it earns and what the GMX token is for.

GMX is a decentralized exchange that lets people trade cryptocurrencies directly from their own wallets. It offers perpetual futures, trades that follow an asset's price without the trader owning it, on more than 70 assets with leverage of up to 100 times.

Liquidity providers deposit capital into GM pools, and those pools act as the counterparty to traders, taking the other side of their trades. GMX also uses GLV vaults, which put capital to work. The protocol has its own token, also called GMX.

CategoryPerpetuals
LaunchedSep 2021
Chains4
TVL rank#28 of 32
GMX token$8.82+3.0%
Market cap$91.8M
Fully diluted value$117M
Circulating supply10.5M GMX
Max supply13.3M GMX
Mcap / TVL0.37
79.0% of max supply in circulation

GMX FAQ

Short answers to what people ask most.

Its deposits are on 4 chains, with the most on Arbitrum, as of 2026.

Part of the fees users pay is kept by the protocol as revenue, as of 2026.

Yes, anyone can add liquidity to its pools and earn a share of the fees users pay.

GMX news

Coverage of the protocol, its category and its chain.

All news

Similar protocols

Other perpetual exchanges, ranked by value locked.

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