About GMX
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing. Dynamic pricing is supported by Chainlink Oracles along with TWAP pricing from leading volume DEXs.
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Market Stats
Market Cap
$156,791,429.52
2.42%
FDV
$205,910,955.35
Circulating Supply
10,089,246.77 GMX
Max Supply
13,250,000 GMX
Total Supply
10,089,246.77 GMX
Diluted Valuation
$156,840,712.00
Performance
Popularity
Not enough data
Dominance
0.01%
Volume (24H)
$9,816,278.81
-0.65%
Volume (7D)
$222,827,793.49
Volume (30D)
$293,756,326.58
All time high
$90.89
Overall Price Change (1Y)
-0.48%
Additional info about GMX
Recent trends
The price of GMX has increased by 0.14% in the last hour and increased by 2.39% in the past 24 hours. GMX’s price has also risen by 5.37% in the past week. The current price is $15.55 per GMX with a 24-hour trading volume of $9.82M. Currently, GMX is valued at 82.89% below its all time high of $90.89. This all-time high was the highest price paid for GMX since its launch. The current circulating supply of GMX is 10,089,246.77 GMX which means that GMX has as total market cap of $156,791,429.52.
Market details
GMX vs markets
↘ 56.72%
GMX vs BTC
↘ 60.78%
GMX vs ETH
↗ 1.49%
Tags
decentralized-exchange-dex-token
derivatives
dex
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0x62edc0692BD897D2295872a9FFCac5425011c661 | |
Arbitrum | 0xfc5A1A6EB076a2C7aD06eD22C90d7E710E35ad0a |
Price history
Time | Price | Change |
|---|---|---|
Today | $15.55 | ↗ 2.39% |
1 Day | $15.18 | ↗ 2.39% |
1 Week | $14.75 | ↗ 5.37% |
1 Month | $14.45 | ↗ 7.60% |
1 Year | $30.14 | ↘ 48.43% |
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.
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The current market cap of GMX is $156.79M. 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 $9.82M.
Assets that have a similar market cap to GMX include Frax Share, Osmosis, Vana, 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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Social stats
Popularity in posts
#191
Contributors
745
Posts
1,743
% About GMX
0.139%
Hold times
0 days
X (Twitter)
49.77% bullish
Sentiment
4.4 ★
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.
Highlights
745 unique individuals are talking about GMX and it is ranked #191 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 87 out of 5. Finally, GMX is becoming less newsworthy, with 0 news articles published about GMX.
On Twitter, people are mostly bullish about GMX. There were 58.34% of tweets with bullish sentiment compared to 17.23% of tweets with a bearish sentiment about GMX. 41.66% of tweets were neutral about GMX. These sentiments are based on 1310 tweets.
On Reddit, GMX was mentioned in 49 Reddit posts and there were 58 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)
¥2,212.04
1 GMX (GMX) to Indian Rupee (INR)
₹1,328.11
1 GMX (GMX) to Real (BRL)
R$90.31
1 GMX (GMX) to Nigerian Naira (NGN)
NGN 24,939.64
1 GMX (GMX) to South Korean Won (KRW)
₩22,082.08
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Legal
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.