GMX (GMX)

Total Value Locked$477.71m

TVL by Chain

Arbitrum$438.51m

Avalanche$33.26m

Solana$5.2m

Botanix$736,014

Key Metrics

Fees (Annualized)$105.41m

Fees 30d$8.64m

Fees 7d$2.16m

Fees 24h$262,052

Cumulative Fees$442.3m

Revenue (Annualized)$37.96m

Revenue 30d$3.11m

Revenue 7d$800,086

Revenue 24h$96,954

Cumulative Revenue$142.01m

Holders Revenue (Annualized)$28.58m

Holders Revenue 30d$2.34m

Holders Revenue 7d$584,191

Holders Revenue 24h$70,755

Cumulative Holders Revenue$128.16m

Incentives (Annualized)$4.19m

Incentives 30d$343,150

Incentives 7d$118,841

Incentives 24h$7,152

Cumulative Incentives$49.01m

Earnings (Annualized)$33.78m

Earnings 30d$2.77m

Earnings 7d$681,245

Earnings 24h$89,802

Cumulative Earnings$93m

DEX Volume 30d$255.21m

DEX Volume 7d$89.87m

DEX Volume 24h$5.64m

Cumulative DEX Volume$24.483b

Perp Volume 30d$5.993b

Perp Volume 7d$1.214b

Perp Volume 24h$141.08m

Cumulative Perp Volume$274.756b

Market Cap$130.25m

$GMX Price$12.73

All Time High$91.07

All Time Low$9.61

Fully Diluted Valuation$130.25m

$GMX Volume 24h$15.46m

CEX Volume$9.43m

DEX Volume$6.48m(41.94% of total)

Staked$84.59m(64.94% of mcap)

$GMX Liquidity$10.9m

Uniswap V3$10.7m

Camelot V3$200,852

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.

Yields

Pools Tracked106

Average APY16.37%

View all Yields

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

Source

Date: 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

Source

Income Statement for GMX

Q3 2025*Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Fees$8.47m$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$3.05m$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$344,118$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$2.7m$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$2.3m$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