Total Value Locked
$520.0M
24h Volume
$280.0M
Swap Fee
0.30%
Chains Supported
2
About GMX
GMX offers decentralized perpetual futures with up to 50x leverage, pioneering the 'real yield' narrative in DeFi. Launched anonymously in 2021, GMX uses a unique GLP pool model where liquidity providers deposit a basket of assets and act as the counterparty to all trades. LPs earn 70% of all platform fees paid in ETH or AVAX—not inflationary tokens. The zero-price-impact feature up to certain limits attracts large traders. GMX V2 introduced isolated GM pools for more efficient capital allocation. The platform dominates Arbitrum's derivatives landscape.
Supported Blockchains
Features
Pros & Cons
Pros
- Real yield from fees (ETH/AVAX)
- Zero price impact up to limits
- Both spot and perpetuals
- Strong Arbitrum presence
Cons
- Liquidity pool has directional risk
- Limited to major trading pairs
- Higher fees than centralized venues
Fee Structure
Swap Fee 0.30%
Maker Fee 0.05%
Taker Fee 0.07%
Security & Info
Audited
Yes
Auditors
ABDK Quantstamp
Governance GMX
Launch Date September 1, 2021