About GMX
GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet. The DEX is live on Arbitrum, Avalanche, and Solana, and in the process of enabling multichain access from all popular EVM blockchains. Trading on GMX is facilitated by isolated GM pools and capital-efficient GLV vaults, enabling anyone to provide liquidity and earn fees.
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Trading Insights
Searched
28
Market Stats
Market Cap
$136.88M
0.07%
FDV
$177.60M
Circ. Supply
10M GMX
Max Supply
13M GMX
Total Supply
10M GMX
Diluted Valuation
$136.89M
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$16.85M
-6.18%
Volume (7D)
$186.53M
Volume (30D)
$509.62M
All time high
$90.89
Price Change (1Y)
-52.12%
Additional details
Market details
GMX vs markets
↘ 71.13%
GMX vs BTC
↘ 74.7%
GMX vs ETH
↘ 52.8%
Tags
decentralized-exchange-dex-token
defi
derivatives
dex
+1
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0x62edc0692BD897D2295872a9FFCac5425011c661 | |
Arbitrum | 0xfc5A1A6EB076a2C7aD06eD22C90d7E710E35ad0a |
Price history
Time | Price | Change |
|---|---|---|
Today | $13.43 | ↘ 0.35% |
1 Day | $13.39 | ↗ 0.13% |
1 Week | $11.58 | ↗ 15.84% |
1 Month | $14.88 | ↘ 9.87% |
1 Year | $28.01 | ↘ 52.12% |
Coinbase insights
Recent trends
The latest GMX price is $13.43. Compared to GMX's value of $13.39 from 24 hours ago, there's been a 0% increase, while the current price is 16% up from $11.58 which was recorded one week ago. GMX's all time high is $90.89, which was reached on April 18, 2023. This is a -85% change from its price today.
The current circulating supply of GMX is 10,211,850. This is 77% of its max supply of 13,250,000 GMX and 100% of its total supply of 10,211,850. The market cap is currently $136.88M, which is a result of multiplying the current price of GMX($13.43) by the total supply(10,211,850 GMX). The fully diluted valuation of GMX is $177.60M. The diluted valuation of GMX is $177.60M.
FAQ
GMX, originally launched as Gambit Exchange in September 2021, is a decentralized exchange (DEX) that aims to facilitate the trading of perpetual cryptocurrency futures. It aims to provide up to 50X leverage on various cryptocurrencies. GMX operates on the Arbitrum and Avalanche blockchains, connecting these ecosystems to the exchange via Synapse, a cross-chain bridge. With a total trading volume and a user base, GMX aims to be a participant in the derivatives DEX space on Arbitrum and Avalanche.
GMX employs an innovative approach to the automated market model (AMM) used by other decentralized exchanges. Instead of using an order book model, GMX features a native multi-asset pool, GLP, which aims to generate revenue for liquidity providers. GLP operates as a multi-asset liquidity pool comprising of various cryptocurrencies. Market prices are determined by Chainlink's oracles, which collect token price data. The GMX ecosystem is based on two tokens: GLP and GMX. GLP serves to supply liquidity and its price reflects the value of all GMX assets. GMX, on the other hand, is the utility and governance token of the platform.
GMX offers a unique opportunity for users to engage in leveraged trading of cryptocurrency futures. Users can add liquidity by minting GLP, and in return, they may receive a portion of all fees generated on the corresponding blockchain. This system aims to provide a potential avenue for liquidity providers, as they may receive compensation when traders incur losses. Furthermore, the GLP pool acts as a counterparty for traders, creating a dynamic and engaging trading environment. GMX, as the utility and governance token, allows holders to participate in the decision-making process of the platform, fostering a community-driven approach to development.
GMX was launched in September 2021 as Gambit Exchange. The founding team remains anonymous, with the lead developer known as @xdev_10. GMX operates on the Arbitrum and Avalanche blockchains, both of which offer unique security features. Arbitrum is a layer-2 blockchain that derives its security from the Ethereum network, while Avalanche employs a directed acyclic graph (DAG) protocol for transaction processing and validation. GMX contracts have been audited by ABDK Consulting, and there is an active bug bounty for GMX on Immunefi, which shows the platform's efforts towards security and transparency.
We update our GMX to USD currency in real-time. Get the live price of GMX on Coinbase.
The current market cap of GMX is $136.88M. A high market cap implies that the asset is highly valued by the market.
The all-time high of GMX is $90.89. This all-time high is highest price paid for GMX since it was launched.
Over the last 24 hours, the trading volume of GMX is $16.85M.
Assets that have a similar market cap to GMX include Ontology, ssv.network, Osaka Protocol, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of GMX is 10 million.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#244
Contributors
2,008
Posts
3,869
% About GMX
0.156%
Articles
10
Hold times
0 days
X (Twitter)
28.03% bullish
Sentiment
4.0 ★
Highlights
2,008 unique individuals are talking about GMX and it is ranked #244 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, GMX has an average sentiment score of 79 out of 5. Finally, GMX is becoming less newsworthy, with 10 news articles published about GMX.
On Twitter, people are mostly neutral about GMX. There were 32.21% of tweets with bullish sentiment compared to 14.91% of tweets with a bearish sentiment about GMX. 67.79% of tweets were neutral about GMX. These sentiments are based on 3371 tweets.
On Reddit, GMX was mentioned in 59 Reddit posts and there were 71 comments about GMX. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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GMX calculator
1 GMX (GMX) to Japanese Yen (JPY)
¥1,994.80
1 GMX (GMX) to Indian Rupee (INR)
₹1,155.10
1 GMX (GMX) to Real (BRL)
R$74.50
1 GMX (GMX) to Nigerian Naira (NGN)
NGN 20,555.27
1 GMX (GMX) to South Korean Won (KRW)
₩18,696.64
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.