GMX
GMX
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GMX price
in USD$10.94
-- (--)
USD
Market cap
$114.06M #145
Circulating supply
10.33M / 13.25M
All-time high
$91.41
24h volume
$17.62M
3.6 / 5
About GMX
GMX is a decentralized trading platform that allows users to trade cryptocurrencies with leverage directly from their wallets, without needing to deposit funds into a centralized exchange. It operates on blockchain technology, offering transparent and secure trading with minimal counterparty risk. GMX's native token is used for governance, fee discounts, and earning rewards by providing liquidity to the platform. Traders can access deep liquidity and low fees, while liquidity providers earn a share of trading fees. GMX stands out for its user-friendly approach to decentralized finance (DeFi), making advanced trading tools accessible to everyone.
AI insights
GMX’s price performance
Past year
-49.73%
$21.76
3 months
-13.52%
$12.65
30 days
-27.12%
$15.01
7 days
-27.94%
$15.18
GMX’s biggest 24-hour price drop was on Jan 3, 2024, (UTC+8), when it fell by $21.41 (-33.19%). In Mar 2023, GMX experienced its biggest drop over a month, falling by $33.97 (-39.14%). GMX’s biggest drop over a year was by $63.07 (-69.00%) in 2023.
GMX’s all-time low was $3.800 (+187.89%) on Oct 11, 2025, (UTC+8). Its all-time high was $91.41 (-88.04%) on Apr 18, 2023, (UTC+8). GMX’s circulating supply is 10,331,590 GMX, which represents 77.97% of its maximum circulating supply of 13,250,000 GMX.
GMX on socials
Looking at the OI change rates of the Perp DEXs shared by Mr. Pagoo, we can once again feel how drastic the recent market conditions have been.
The drop that occurred two days ago was personally one of the largest declines I've experienced in the coin market, and as a result, a significant amount of OI also disappeared.
Despite such extreme stress testing, seeing Hyperliquid operate without any major issues shows how much it has technically advanced, and it seems that the platform Hyperliquid is gradually getting closer to the future of internet money.
Initially, Hyperliquid also experienced liquidations due to additional drops from spreads during such a large decline, but I hope that @edgeX_exchange and @Lighter_xyz can develop into more robust platforms through these stress tests.
Additionally, looking at DeFi Llama's recent 30D rev rankings, most of the top projects, excluding stablecoin issuers, are perp DEXs, token launching platforms, and swap platforms.
DEX platforms are continuously evolving towards the ultimate form of internet money through relentless competition, and for those who are familiar with it, perp DEX aggregators like @vooi_io and @OrderlyNetwork are also striving to create new markets, so I think the growth of various platforms is good news from a user perspective.
Since crypto is not over, I hope even better opportunities will come.
Paguinfo Ⓜ️Ⓜ️T
Key PerpDEX Metrics Change in One Day
Volume
Overall increase due to heightened volatility
Pacifica down -53%. Likely influenced by its relatively long remaining period until TGE
OI
$11.5B in one day, average decline of -42%
TVL
Total $1.2B decline in a single day
Most top PerpDEXs declined, but GRVT, Pacifica, etc. actually increased
GRVT due to 10% Fixed Yield; Pacifica difficult to speculate
Market Shift
While ‘major’ players include Drift, Jupiter, Ostium, Paradex, GMX, and dYdX,
we focused on key PerpDEXs relevant to ‘DeFi Farmers’.
Lighter faced potential issues with its website outage, but announcements of compensation and the sentiment that it's ‘better than CEX’ seem to be calming the situation.
Since OI has decreased, Vol is likely to gradually decline as well, so we should monitor it for a few more days.
Data Sources
- @perpetualpulse, DeFiLlama
I've finally managed to enter the so hard to climb @arbitrum leaderboard.
It is just Rank 93 and only for the 7D board, but it does prove that it is possible to climb the board.
Arbitrum is also running a 3 month yapping campaign which just started a few days ago and is going until Dec. 31.
They are running monthly campaigns and planning to reward their top 150 Creators.
If we calculate it based on about 200K $ARB per month, it is about 62K USD per month.
When the 62K is divided equally between the 150 yappers, it would be about 400USD per user. (But in normal case it is not equally divided)
As we will be able to see it up to the Top 100 on the 30days leaderboard.
Here are some projects and ideas you may write about the Arbitrum Ecosystem.
- Uniswap v3 (on Arbitrum) — prominent DEX leveraging Layer 2 to reduce costs.
- GMX — a popular perpetual / spot trading / leverage protocol.
- Aave (on Arbitrum) — lending / borrowing use case on L2.
- TreasureDAO — gaming / NFT hub, with an ecosystem of games and NFT collections under a shared economy (MAGIC token).
- Xai Network (Layer 3, built on Arbitrum Orbit) — interesting direction toward modular, specialized chains.
- Sanko — another Orbit / Layer 3 project around small games, on-chain culture.
- Pendle Finance — yield derivatives / splitting yield token / principal token model.
- Magic Eden — NFT marketplace presence in Arbitrum ecosystem.
- OpenSea (on Arbitrum) — legacy NFT marketplace bridging into Arbitrum realm.
- Radiant Finance, Camelot, ZyberSwap — DeFi / DEX / lending / swap infrastructures in Arbitrum ecosystem.
These are only ideas of projects you may write about. Looking into Defi opportunities or how to leverage different protocols within the Arbitrum economy is also an interesting way to poke around Arbitrum.
Guides
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Predict GMX’s prices
How much will GMX be worth over the next few years? Check out the community's thoughts and make your predictions.
View GMX’s price history
Track your GMX’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
GMX on OKX Learn
GMX vs Hyperliquid: Exploring Decentralized Derivatives and Innovative Risk Management
Introduction to GMX and Hyperliquid The decentralized finance (DeFi) ecosystem has experienced rapid innovation, particularly in the realm of derivatives trading platforms. Among the most prominent pl
Crypto Hacks Surge in 2025: GMX Exploit Highlights DeFi Vulnerabilities
GMX Exploit and the Rise of Crypto Hacks in 2025 Introduction The cryptocurrency industry in 2025 has witnessed an alarming surge in hacking incidents, with July alone recording $142 million in losses
Hyperliquid vs. GMX: Exploring Market Dominance, Innovations, and Challenges in Decentralized Futures Trading
Introduction to Hyperliquid and GMX in Decentralized Futures Trading The decentralized derivatives market has experienced explosive growth, with Hyperliquid and GMX emerging as key players in the spac
GMX V1 Exploit: $42M Lost in DeFi Attack, Highlighting Security Flaws
GMX V1 Exploit: A Comprehensive Analysis of the $42 Million Hack Overview of the GMX V1 Exploit and Its Impact On July 9, 2025, the decentralized exchange GMX V1 experienced a devastating exploit, res
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GMX FAQ
Currently, one GMX is worth $10.94. For answers and insight into GMX's price action, you're in the right place. Explore the latest GMX charts and trade responsibly with OKX.
Cryptocurrencies, such as GMX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GMX have been created as well.
Check out our GMX price prediction page to forecast future prices and determine your price targets.
Dive deeper into GMX
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and, as of writing, has the highest total value locked (TVL) of any project on Arbitrum. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading. $GMX is the utility and governance token.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$114.06M #145
Circulating supply
10.33M / 13.25M
All-time high
$91.41
24h volume
$17.62M
3.6 / 5