GMX V1 (GMX)

Total Value Locked43,825 ETH
Chain Breakdown
Arbitrum27,875 ETH
Avalanche15,950 ETH
Include in TVL (optional)
43,413 ETH
Staked43,413 ETH
7,650 ETH
11,393 ETH
2,133 ETH
639.91 ETH
28

Protocol Information

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing.

Category:Derivatives

Audits:

Development Activity

(updated at 04/04/25)

Weekly commits: 52
Monthly commits: 42
Weekly developers: 11
Monthly developers: 7

Last commit: 4 days ago (2025-04-04)

Token Information

Address:0xfc5A1A...35ad0a

Methodology

Fees: Fees from open/close position (0.1%), swap (0.2% to 0.8%), mint and burn (based on tokens balance in the pool) and borrow fee ((assets borrowed)/(total assets in pool)*0.01%)

Revenue: Revenue is 30% of all collected fees, which goes to GMX stakers

Addresses: This only counts users that interact with protocol directly (so not through another contract, such as a dex aggregator), and only on arbitrum, avax, bsc, ethereum, xdai, optimism, polygon.

Hacks

Date:9/18/2022 (31 months ago)

Amount:$565,000

Classification:Ecosystem

Technique:Price Oracle Attack

Chain:Arbitrum

Returned Funds:$0

Source