GMX Market Overview
Market Segments
- CEX (Centralized Exchanges)
- DEX (Decentralized Exchanges)
- Spot Trading
- Perpetual Contracts
- Futures
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About GMX
What Is GMX?
GMX is a leading decentralized exchange (DEX) specializing in perpetual contract trading with up to 100x leverage on major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). Launched in September 2021 on Arbitrum (Ethereum’s Layer 2), GMX has processed over $277 billion in trading volume with 728,000 users, making it the top derivatives DEX on Arbitrum and Avalanche.
In 2025, GMX expanded to Solana under the name GMX-Solana, broadening its multi-chain presence.
Founders of GMX
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Unique Features of GMX
- High Leverage: Up to 100x on crypto perpetuals.
- Multi-Chain: Operates on Arbitrum, Avalanche, and Solana.
- Decentralized Liquidity: Uses a pooled liquidity model for low slippage.
GMX Token Supply
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Network Security
GMX relies on the security of its underlying blockchains (Arbitrum, Avalanche, Solana), which use Proof-of-Stake (PoS) consensus mechanisms.
Where to Buy GMX?
GMX is available on:
- Decentralized Exchanges: Arbitrum-based GMX platform, Avalanche DEXs.
- Centralized Exchanges: Binance, OKX, Bybit.
GMX Competitors & Similar Tokens
- dYdX: Leveraged perpetuals DEX.
- Gains Network (GNS): High-leverage decentralized trading.
FAQ
Q: What is GMX’s trading volume?
A: GMX has exceeded $277 billion in lifetime volume.
Q: Which blockchains support GMX?
A: Arbitrum, Avalanche, and Solana (as GMX-Solana).
Q: Is GMX safe to use?
A: Yes, it inherits security from Ethereum’s Layer 2 (Arbitrum) and Avalanche/Solana’s PoS networks.
Q: What leverage does GMX offer?
A: Up to 100x on select perpetual contracts.