GMX Price

GMX (GMX) is a cryptocurrency launched in 2021 that powers the GMX decentralized exchange—a permissionless venue for trading over 70 assets with leverage up to 100x directly from self-custody wallets. The protocol categorizes squarely within decentralized finance, specializing in perpetual futures and spot derivatives across multiple blockchains.

The exchange removes counterparty risk inherent to centralized venues by maintaining full onchain custody of collateral at all times. Traders execute leveraged positions of up to 100x, while liquidity providers supply capital to isolated GM pools and GLV vaults, earning fees from the trading activity.

GMX operates on the Arbitrum One network. Token contracts also exist on Avalanche and Solana, establishing multichain access and cross-ecosystem liquidity routing.

The exchange’s settlement layer employs isolated liquidity pools—branded GM pools—and generalized liquidity vaults (GLVs) that consolidate capital to boost depth and reduce slippage. All order matching and position management executes through these immutable smart contracts, eliminating any central order book.

GMX launched in September 2021, originally on Arbitrum, before expanding to Avalanche and Solana. The protocol’s multichain roadmap targets comprehensive EVM integration, and its open-source codebase resides in the gambit-contracts repository on GitHub, subject to public audit.

The project’s long-term aim is to deliver a noncustodial trading environment that matches centralized exchanges in execution quality while preserving user sovereignty over assets. It pursues a permissionless marketplace where traders never cede control of their collateral.

Mechanically, the GMX token is the native digital asset of the exchange, tradable across 80 active pairs and 65 platforms. It serves as the benchmark unit for the protocol’s economic flywheel, representing a transferable stake in the ecosystem’s fee generation potential.

Market participants can acquire GMX on spot and derivatives markets to gain exposure to the DEX’s growth trajectory. Liquidity providers, meanwhile, deposit stablecoins or base assets into GM pools and GLV vaults, capturing a percentage of trading fees proportional to their contribution.

GMX has a maximum supply of 13,250,000 tokens. Currently, 10,385,589.39 GMX are in circulation. With a market capitalization of $71,767,937, GMX ranks #373 among all cryptocurrencies.