GMX (GMX)
Total Value Locked$479.03m
TVL by Chain
Arbitrum$438.86m
Avalanche$34.26m
Solana$5.2m
Botanix$714,211
Key Metrics
Fees (Annualized)$124.14m
Fees 30d$10.18m
Fees 7d$3.06m
Fees 24h$235,042
Cumulative Fees$444.69m
Revenue (Annualized)$44.89m
Revenue 30d$3.68m
Revenue 7d$1.13m
Revenue 24h$86,965
Cumulative Revenue$142.89m
Holders Revenue (Annualized)$33.67m
Holders Revenue 30d$2.76m
Holders Revenue 7d$826,698
Holders Revenue 24h$63,461
Cumulative Holders Revenue$128.8m
Incentives (Annualized)$3.75m
Incentives 30d$306,980
Incentives 7d$25,603
Incentives 24h$6,399
Cumulative Incentives$49.03m
Earnings (Annualized)$41.15m
Earnings 30d$3.37m
Earnings 7d$1.1m
Earnings 24h$80,566
Cumulative Earnings$93.86m
DEX Volume 30d$267.82m
DEX Volume 7d$46.56m
DEX Volume 24h$3.88m
Cumulative DEX Volume$22.185b
Perp Volume 30d$5.989b
Perp Volume 7d$1.452b
Perp Volume 24h$205.35m
Cumulative Perp Volume$275.947b
Market Cap$131.94m
$GMX Price$12.88
All Time High$91.07
All Time Low$9.61
Fully Diluted Valuation$131.94m
$GMX Volume 24h$6.71m
CEX Volume$3.21m
DEX Volume$3.56m(53.06% of total)
Staked$85.83m(65.05% of mcap)
$GMX Liquidity$10.71m
Uniswap V3$10.54m
Camelot V3$175,113
GMX (GMX)
Total Value Locked$479.03m
TVL by Chain
Arbitrum$438.86m
Avalanche$34.26m
Solana$5.2m
Botanix$714,211
Key Metrics
Fees (Annualized)$124.14m
Fees 30d$10.18m
Fees 7d$3.06m
Fees 24h$235,042
Cumulative Fees$444.69m
Revenue (Annualized)$44.89m
Revenue 30d$3.68m
Revenue 7d$1.13m
Revenue 24h$86,965
Cumulative Revenue$142.89m
Holders Revenue (Annualized)$33.67m
Holders Revenue 30d$2.76m
Holders Revenue 7d$826,698
Holders Revenue 24h$63,461
Cumulative Holders Revenue$128.8m
Incentives (Annualized)$3.75m
Incentives 30d$306,980
Incentives 7d$25,603
Incentives 24h$6,399
Cumulative Incentives$49.03m
Earnings (Annualized)$41.15m
Earnings 30d$3.37m
Earnings 7d$1.1m
Earnings 24h$80,566
Cumulative Earnings$93.86m
DEX Volume 30d$267.82m
DEX Volume 7d$46.56m
DEX Volume 24h$3.88m
Cumulative DEX Volume$22.185b
Perp Volume 30d$5.989b
Perp Volume 7d$1.452b
Perp Volume 24h$205.35m
Cumulative Perp Volume$275.947b
Market Cap$131.94m
$GMX Price$12.88
All Time High$91.07
All Time Low$9.61
Fully Diluted Valuation$131.94m
$GMX Volume 24h$6.71m
CEX Volume$3.21m
DEX Volume$3.56m(53.06% of total)
Staked$85.83m(65.05% of mcap)
$GMX Liquidity$10.71m
Uniswap V3$10.54m
Camelot V3$175,113
Protocol Information
GMX is a leading onchain exchange for perpetual and spot trading, offering deep liquidity, low fees, multi-chain support, and seamless one-click trading. Powered by isolated and multi-asset pools, the permissionless DEX enables anybody to provide liquidity and integrates with 80+ DeFi projects across Arbitrum, Avalanche, and Solana.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocol
Fees:
GMX V1 Perps: 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%)View code on GitHubGMX V2 Perps: Fees paid by usersView code on GitHub
Revenue:
GMX V1 Perps: Revenue is 30% of all collected fees, which goes to GMX stakersView code on GitHubGMX V2 Perps: Treasury and token holders revenueView code on GitHub
Holders Revenue:
GMX V1 Perps: 30% of all collected fees goes to GMX stakersView code on GitHubGMX V2 Perps: Fees going to governance token holdersView code on GitHub
DEX Volume: Volume of all spot token swaps that go through the protocol
Perp Volume: Notional volume of all trades in the protocol, includes leverage
Incentives: Tokens allocated to users through liquidity mining or incentive schemes, typically as part of governance or reward mechanisms.
Earnings: Revenue of the protocol minus the incentives distributed to users
Hacks
Date: Sep 18, 2022
Protocol: GMX V1 Perps
Amount: $565,000
Classification: Ecosystem
Technique: Price Oracle Attack
Chains: Arbitrum
Language: Solidity
Target Type: DeFi Protocol
SourceDate: Jul 9, 2025
Protocol: GMX V1 Perps
Amount: $42m
Classification: Protocol Logic
Technique: Re-entrancy Exploit
Chains: Arbitrum
Language: Solidity
Target Type: DeFi Protocol
Returned Funds: $40m
SourceIncome Statement for GMX
| Q3 2025* | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fees | $10.86m | $30.95m | $25.23m | $28.56m | $18.84m | $28.73m | $41.4m | $29.02m | $13.37m | $38.91m | $51.63m | $34.5m | $30.21m | $23.82m | $27.72m | $9.92m | $1.02m |
| Revenue | $3.93m | $10.4m | $8.7m | $10.29m | $6.67m | $10.04m | $14.14m | $9.32m | $4.07m | $11.67m | $15.49m | $10.35m | $9.06m | $7.15m | $8.32m | $2.97m | $306,079 |
| Incentives | $361,600 | $1.06m | $1.46m | $3.3m | $2.06m | $2.17m | $5.34m | $6.01m | $4.3m | $6.81m | $6.82m | $4.01m | $2.88m | $1.17m | $967,222 | $326,794 | $0 |
| Earnings | $3.57m | $9.34m | $7.25m | $7m | $4.61m | $7.88m | $8.8m | $3.31m | -$233,662 | $4.86m | $8.67m | $6.34m | $6.19m | $5.98m | $7.35m | $2.65m | $306,079 |
| Token Holder Net Income | $2.94m | $8.76m | $6.61m | $7.83m | $5.22m | $8.01m | $11.68m | $8.44m | $3.99m | $11.67m | $15.49m | $10.35m | $9.06m | $7.15m | $8.32m | $2.97m | $306,079 |