GMX Price Today, GMX To USD Live, Marketcap And Chart

Cryptos: 2.4M+Exchanges: 790Market Cap: $2.14T3.39%24h Vol: $55.88B58.66%Dominance: BTC: 53.6% ETH: 17.2% ETH Gas: 2 Gwei Fear & Greed: 37/100CryptocurrenciesCryptocurrenciesRankingCategoriesGlobal ChartsHistorical SnapshotsBitcoin ETFsToken unlocksLeaderboardsTrendingUpcomingRecently AddedGainers & LosersMost VisitedNFTOverall NFT StatsUpcoming SalesOn Chain DataDEX PairsChain RankingHot DEX PairsExchangesCentralized ExchangesSpotDerivativesDecentralized ExchangesSpotDerivativesCommunityFeedsTopicsLivesArticlesProductsProductsConverterCMC LabsTelegram BotAdvertiseCrypto APISite WidgetsCampaignsAirdropsDiamond RewardsLearn & EarnCalendarsICO CalendarEvents CalendarLearnNewsAcademyResearchVideosGlossaryGMX price GMX$26.47  

8.87% (1d)

GMX to USD Chart

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GMX statistics

Market cap 

8.88%

$253,248,117#178Volume (24h) 

57.00%

$11,606,354#287Volume/Market cap (24h) 4.58%Circulating supply 9,566,415 GMXTotal supply 9,566,415 GMXMax. supply ∞Fully diluted market cap $253,248,117ContractsAvalanche C-Chain: 0x62ed...11c661 More Official linksWebsiteSocials𝕏TwitterDiscordTelegram

Rating  ·  Based on 2 institutional ratings

4.2   Network informationChain explorersUCID11857  GMX to USD converterGMXUSDPrice performance24h Low$24.24High$26.82All-time highNov 16, 2021 (3 years ago)$217.32-87.82%All-time lowNov 17, 2021 (3 years ago) No DataSee historical dataPopularityIn watchlists79,596x561st / 10.0KTagsDecentralized Exchange (DEX) TokenDerivativesDEXShow allMore informationDo you own this project? Update Token Info 

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GMX news

                    

About GMX

What is GMX?

GMX is a decentralized exchange (DEX) for trading perpetual cryptocurrency futures with up to 50X leverage on popular cryptocurrencies like BTC, ETH and more. The platform launched in September 2021 as Gambit Exchange. To date, GMX has a total trading volume of over $130B and 283K total users, making it the leading derivatives DEX on Arbitrum and Avalanche.

GMX runs on the Arbitrum and the Avalanche blockchain. These ecosystems are connected to the exchange via Synapse — a cross-chain bridge.

Who Are the Founders of GMX?

The founding team is anonymous, however, the lead developer is likely @xdev_10 on Twitter.

What Makes GMX Unique?

Instead of an order book model employed by centralized exchanges (CEXs), trading occurs via its an innovation to the automated market model (AMM) deployed by DEXs like Uniswap. It features a native multi-asset pool, GLP, which generates revenue for liquidity providers.

GLP operates as a multi-asset liquidity pool (LP) which comprises of ETH, BTC, LINK, UNI, USDC, USDT, DAI and FRAX at the time of writing. Market prices depend on Chainlink's oracles, which collect token price data from all the top exchanges.

The decentralized exchange ecosystem is based on two tokens: GLP and GMX. The first token serves to supply liquidity. The GLP price reflects the value of all GMX assets, which are listed for trading with leverage and swaps. In other words, GLP is an index of all assets on the exchange. GMX is the utility and governance token.

Users can add liquidity by minting GLP, and in return, they receive 70% of all fees generated on the corresponding blockchain. Unlike some liquidity pools, GLP experiences no impermanent loss. Furthermore, the GLP pool acts as a counterparty for traders. When GLP token holders supply liquidity for leveraged trading, they profit when traders incur losses, and the opposite is also true.

How Many GMX Coins Are There in Circulation?

At the time of writing, the GMX token circulating supply is over 8.7M. The expected maximum supply is 13.25M GMX tokens.

The tokenomics is as follows: 6M GMX allocated for XVIX and Gambit migration; 2M GMX paired with ETH for liquidity on Uniswap; 2M GMX set aside for vesting from Escrowed GMX rewards; 2M GMX tokens to the floor price fund; 1M GMX tokens designated for marketing, collaborations and community developers; 250K GMX tokens distributed to the team linearly over a 2-year period.

How Is the GMX Network Secured?

GMX is on the Arbitrum and Avalanche blockchain.

Arbitrum is a layer-2 blockchain which derives its security from the Ethereum network, which provides consensus and finality for Arbitrum transactions. In other words, Ethereum guarantees the validity of the rollup’s off-chain computation and data availability behind the computation.

On Avalanche, unlike proof-of-work or proof-of-stake, the Avalanche consensus mechanism does not have one leader processing transactions that get validated by others. Instead, all nodes process and validate transactions by employing a directed acyclic graph (DAG) protocol. That way, transactions are processed simultaneously, and validators' random polling ensures that transactions are correct with statistical certainty. There are no blocks in this consensus mechanism, allowing immediate finalization and significantly improving the blockchain’s speed.

The GMX contracts are also audited by ABDK Consulting, and there is an active bug bounty for GMX on Immunefi.

Where Can You Buy GMX?

GMX is available on several cryptocurrency exchanges, including Binance, KuCoin and Kraken.

Want to keep track of GMX prices live? Download the CMC mobile app to follow the real-time prices of GMX, BTC and other cryptocurrencies.

Related Pages

Check out our deep dive into GMX.

Learn about dYdX — another popular derivatives DEX.

Find out more about Arbitrum — the leading Ethereum Layer-2 scaling solution.

Check out Avalanche — an EVM-compatible blockchain.

Learn more about perpetual contracts with CMC Glosssary

      

GMX analytics

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Popular Tokens on the Avalanche C-Chain Chain

AvalancheAVAX$25.1513.00%Coq InuCOQ$0.00000155538.83%JOEJOE$0.282910.93%PangolinPNG$0.296517.24%BENQIQI$0.012813.27%PLAYA3ULL GAMES3ULL$0.0012569.09%ROCO FINANCEROCO$0.070430.82%KimboKIMBO$0.000103314.58%Biometric FinancialBIOFI$0.00046647.67%CrabadaCRA$0.00052190.00%KalaoKLO$0.000700144.46%ShrapnelSHRAP$0.053923.76%PointPayPXP$0.04042.29%IslanderISA$0.000022274.78%BloodLoopBLS$0.34017.50%Platypus FinancePTP$0.00012784.93%OpenBloxOBX$0.000051390.72%Nitro NetworkNCash$0.00000218117.23%Heroes ChainedHEC$0.024354.58%SnowballSNOB$0.0162720.86%

Most Visited Cryptocurrencies

BitcoinBTC$58,042.542.58%SolanaSOL$143.836.92%EthereumETH$3,062.212.89%PepePEPE$0.0000097759.89%XRPXRP$0.44895.42%Shiba InuSHIB$0.0000172216.79%NotcoinNOT$0.0127124.30%ToncoinTON$7.655.94%StorjSTORJ$0.34325.96%KaspaKAS$0.174.83%Daddy TateDADDY$0.175312.36%DogecoinDOGE$0.11317.77%CardanoADA$0.37166.35%LayerZeroZRO$4.179.75%Data Ownership ProtocolDOP$0.0104412.18%Artificial Superintelligence AllianceFET$1.246.55%dogwifhatWIF$2.024.12%JasmyCoinJASMY$0.0251518.40%Brett (Based)BRETT$0.12977.35%Terra ClassicLUNC$0.000072378.98%

Global Prices

GMX/USDUnited States Dollar$26.47GMX/EUREuro€24.42GMX/GBPPound Sterling£20.67GMX/CNYChinese Yuan¥192.42GMX/CADCanadian Dollar$36.17GMX/AUDAustralian Dollar$39.22GMX/JPYJapanese Yen¥4,255.08GMX/KRWSouth Korean Won₩36,467.63GMX/RUBRussian Ruble₽2,327.06GMX/INRIndian Rupee₹2,209.73GMX/BRLBrazilian RealR$144.95GMX/TRYTurkish Lira₺863.58GMX/PHPPhilippine Peso₱1,549.26

Trending

Bitcoin$58,100.75

2.66%

Pepe$0.000009791

10.11%

Solana$143.76

7.12%

LayerZero$4.2

10.53%

Notcoin$0.01283

25.53%

GMX Price Live Data

The live GMX price today is $26.47 USD with a 24-hour trading volume of $11,606,354 USD. We update our GMX to USD price in real-time. GMX is up 8.87% in the last 24 hours. The current CoinMarketCap ranking is #178, with a live market cap of $253,248,117 USD. It has a circulating supply of 9,566,415 GMX coins and the max. supply is not available.

If you would like to know where to buy GMX at the current rate, the top cryptocurrency exchanges for trading in GMX stock are currently Binance, BTCC, KCEX, BYDFi, and LBank. You can find others listed on our crypto exchanges page.

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