GM

GMX

GMX
DeFiRank #89Arbitrum

$6.70

+5.11%24h
-1.68%7d

Market Cap

$69.46M

Volume 24h

$7.82M

Vol / Market Cap

11.25%

Rank

#89

GMX Price Chart

About GMX

GMX is a decentralized exchange specializing in perpetual trading.

GMX is a decentralized exchange focused on perpetual trading, offering low fees and on-chain transparency.

How It Works

A decentralized perpetual exchange that allows users to trade with up to 50x leverage directly from their wallets. It uses a unique "GLP" pool of multiple assets to act as the house for all trades on the platform.

Use Cases

Decentralized Leverage: Used for governance and to earn a portion of the trading fees from a platform that allows users to trade with leverage directly from a wallet.

Tokenomics

Leveraged Yield: Used as a governance token and to earn a portion of the platform’s trading fees. It powers a decentralized exchange that allows for "Zero Slippage" trading of BTC and ETH with high leverage.

Risks & Considerations

Complex perpetual trading model; high sensitivity to market-wide liquidations and volatility.

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