GMX is a decentralized perpetual futures exchange on Arbitrum, Avalanche, MegaETH, Solana. Trading model: Liquidity pools with oracle pricing. It lists perpetual markets on traditional assets such as stocks, commodities or FX alongside crypto.
Open interest$159.30M#8 of 91 · 1.1% share
Volume · 24h$1.08BRolling 24h · CoinGecko
Fees · 30d$5.55M+8.6% vs prior 30d
OI · 30d change-0.7%Daily average vs prior 30 days
Countries under US, UK or EU embargo/sanctions (no named list), Sanctions-list persons source ↗
Audits
Guardian; ABDK; Certora; Dedaub; Sherlock source ↗
Incidents
Not verified yet
Points program
Not verified yet
Referral program
Yes. Benefit for the referred trader: “Traders using the code receive a 5% or 10% discount on those fees (opening and closing fees for leverage trading).” source ↗
From GMX’s own documentation, terms, API or official posts, checked 08 Oct 2026. Terms change; confirm on the venue before trading. “Not verified yet” means we could not confirm it from an official source.
IS IT GROWING?
GMX trend: Stable
0 metric(s) up, 0 down, 2 without a material change. The label counts metric directions; it is not a score and not investment advice.
Rank by open interest: #8 now · #8 30 days ago · #8 90 days ago (among venues reporting that day)
Metric
30 days
90 days
Coverage
Reading
Open interest
-0.7%
+19.8%
100%
30-day and 90-day moves disagree
User fees
+8.6%
+9.0%
100%
No material change
Trading volume
—
—
2%
Not enough daily history yet
Thresholds: open interest ±25%, fees ±30%, volume ±40% over 30 days; the 90-day move must agree at half the threshold. Incentive campaigns can lift activity temporarily.
HISTORY
Activity over time
Open interest · daily
DefiLlama daily open interest · 180 days · 10 Apr 2026 – 08 Oct 2026
$159.30M
Gaps are not joined. The scale starts near the series minimum, not at zero.
User fees · daily
DefiLlama daily user fees, complete UTC days · 180 days · 11 Apr 2026 – 07 Oct 2026
$224.22K
Gaps are not joined. The scale starts near the series minimum, not at zero.
24h volume · daily capture
CoinGecko rolling 24h volume, one capture per UTC day
Daily volume history started on 8 October 2026; the chart appears after the second daily capture.
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.
GMX had $159.30M of open interest according to DefiLlama on 08 Oct 2026 · 12:17 UTC, ranking #8 of 91 perp DEXs we track by open interest. That is 1.1% of the combined open interest of the tracked venues.
How much volume does GMX trade per day?
CoinGecko reported $1.08B of rolling 24-hour volume for GMX on 08 Oct 2026 · 12:16 UTC. Venue-reported volume is not independently audited.
How much do traders pay in fees on GMX?
Traders paid $5.55M in fees over the last 30 days according to DefiLlama, +8.6% compared with the previous 30 days.
Is GMX growing?
Our current reading is “Stable”. Average open interest over the last 30 days changed -0.7% versus the prior 30 days. The reading updates daily and requires sufficient history and a minimum base.
Does GMX have a token?
Yes, GMX. It traded at $8.13 with a market cap of $85.13M on 08 Oct 2026 · 12:15 UTC (CoinGecko). Token ownership does not by itself entitle holders to exchange revenue.
What are GMX’s trading fees?
0.06% per trade (oracle/pool: position fee 0.04% if trade reduces long/short OI imbalance, 0.06% if it increases; no maker/taker split) at the base tier, according to GMX’s fee documentation. Higher-volume tiers and promotions can differ.
What is the maximum leverage on GMX?
Up to 100× on some markets, according to GMX’s documentation. Most markets allow less.
Does GMX require KYC?
Not required, based on GMX’s terms and sign-up flow. Access rules can change by country.
Does GMX have a referral program?
Yes. Benefit for the referred trader: “Traders using the code receive a 5% or 10% discount on those fees (opening and closing fees for leverage trading).”.
Open interest and fees: DefiLlama, captured 08 Oct 2026 · 12:17 UTC. 24h volume: CoinGecko derivatives exchange data (rolling 24 hours, converted from BTC), captured 08 Oct 2026 · 12:16 UTC. Token prices and 30-day price change: CoinGecko, at the time shown on each venue page; a parent-project or chain token is labelled and is not evidence of a claim on exchange revenue. Changes compare the last 30 days with the previous 30 days (OI as a daily average, fees as a total) and need at least 95% daily coverage. A trend label needs the 30-day move to pass a threshold (OI ±25%, fees ±30%) on a minimum base (OI ≥ $5M, fees ≥ $100K per 30 days); with 90 days of history both horizons must agree. Venue-reported volume is not audited; ⚑ marks volume above 25× open interest. “—” means unavailable, never zero. Full method ↗
