GMX
GMX
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GMX price
in USD$15.22
-$1.180 (-7.20%)
USD
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Market cap
$156.65M #146
Circulating supply
10.3M / 13.25M
All-time high
$91.41
24h volume
$22.03M
3.6 / 5
About GMX
GMX is a decentralized trading platform that allows users to trade cryptocurrencies with leverage directly from their own wallets. It operates on a unique model where liquidity providers earn fees from trading activity, swaps, and borrowing, offering competitive returns compared to traditional exchanges. GMX eliminates the need for intermediaries, giving users full control over their funds while providing a seamless on-chain trading experience. Its balanced liquidity pools and adaptive funding mechanism help maintain stability, making it a popular choice for both traders and liquidity providers in the DeFi space.
AI-generated
GMX’s price performance
Past year
-38.91%
$24.91
3 months
+9.49%
$13.90
30 days
+0.06%
$15.21
7 days
+1.39%
$15.01
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 $9.560 (+59.20%) on Apr 7, 2025, (UTC+8). Its all-time high was $91.41 (-83.35%) on Apr 18, 2023, (UTC+8). GMX’s circulating supply is 10,298,890 GMX, which represents 77.72% of its maximum circulating supply of 13,250,000 GMX.
GMX on socials
Perpetual contracts have always been a potential path to big profits. Perpetual contracts, or perpetual derivatives trading, can be simply understood as making real money through contracts. Historically, there have been projects like SNX, YFX, DYDX, GMX, AEVO, JLP, HYPE, etc. Currently, there are hot projects like aster, myx, and the still viable standx.
This is a track that must be followed historically, and it's essential to pay attention to the price when tokens are released.
A simple logic is to analyze the level of support from their backers, then consider the cost-effectiveness and market conditions.
I haven't tweeted in a while, and I'm writing this not as investment advice, but just to help myself organize my learning and solidify my thoughts. Experts can feel free to give me pointers.
$aster $myx $standx
perps are now the 2nd biggest sector by mindshare.
aster, lighter and avantis are all competing to gain market share from hl.
in terms of fdv, all alt hype perps combined don't even make up to half of hl's fdv.
a similar pattern when looking at volume/oi/fees.
when considering the whole sector, there are many more protocols, some still pre-tge like gte, with good funding.
hyperliquid will probably continue to dominate in terms of on-chain metrics in the short-term but the market is forward looking.
for any liquid investor, the main question is will $hype continue to outperform like it did in q1?
$hype fdv is at $55b already. for reference, only btc, eth, xrp, sol and bnb have a higher fdv. eth is at $550b.
on the other hand, aster/jup/avantis/drift are all below $5b fdv.
obviously hl is battle tested, is a fast growing l1 while all the others are relatively small new perp protocols. but i like to look at this from a mean reversion angle.
my conclusion is that if you are looking for a 10x from here, then hype is probably not your best bet.
however, if your goal is to outperform the market by holding one asset and you want to sleep well, then hype is probably your best bet.
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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
Capitalize on market volatility with advanced trading tools
GMX FAQ
Currently, one GMX is worth $15.22. 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
$156.65M #146
Circulating supply
10.3M / 13.25M
All-time high
$91.41
24h volume
$22.03M
3.6 / 5