GMX price
in USD$10.21
-- (--)
USD
Market cap
$106.03M
Circulating supply
10.33M / 13.25M
All-time high
$91.41
24h volume
$15.49M
Rating
3.6 / 5


About GMX
GMX is a decentralized trading platform that allows users to trade cryptocurrencies with leverage directly from their wallets, without needing to deposit funds into a centralized exchange. It operates on blockchain technology, offering transparent and secure trading with minimal counterparty risk. GMX's native token is used for governance, fee discounts, and earning rewards by providing liquidity to the platform. Traders can access deep liquidity and low fees, while liquidity providers earn a share of trading fees. GMX stands out for its user-friendly approach to decentralized finance (DeFi), making advanced trading tools accessible to everyone.
AI insights
GMX’s price performance
Past year
-55.65%
$23.02
3 months
-24.43%
$13.51
30 days
-32.21%
$15.06
7 days
-22.18%
$13.12
GMX on socials

Good write up and a great stress test for @DriftProtocol during this period.

Eugene Bulltime
Traders are switching to Lighter
The “Black Friday” crash hit PerpDEXs hard - some triggered aggressive ADLs, others shut down or passed debt to users. I checked USD inflows to see where capital moved:
- Lighter leads in inflows
- Hyperliquid leads in outflows
Does this signal a change in sentiment towards HL?
It's hard to say for sure, but in the short term, traders were very unhappy with the forced closure of profitable shorts. The numbers clearly indicate this.
Indirectly, this is evidenced by the HYPE price, which fell to levels seen 4 months ago.
HL lost 9.3% of its TVL in 5 days. In percentage terms, only Aster, which already had a bad reputation, lost more.
Meanwhile, Lighter unexpectedly emerged as the leader in inflows, adding 6.6% to its TVL in 5 days. This was despite the team receiving significant backlash due to the frontend shutdown following the crash.
Drift also pleasantly surprised, with significant inflows, positioning it as the leading PerpDEX on Solana.
__________________
What this story teaches us:
1. Your users are more important than your holders
2. Solving issues in post-crisis situations
1. Users
HL openly promoted the narrative that it added 50% to HLP profits, generating huge returns for HLP investors.
However, traders began leaving Hyperliquid, some of whom came to Lighter, despite the fact that LLP lost 5% of its TVL.
"This is clear evidence that a project should focus on its target clients, not secondary ones."
Also quite interesting: HL says they're not a VC, but community-oriented. So why, then, did they let HLP investors profit during this collapse, not the trading community?
2. Post-crisis management
This is a key issue for any business, and the CEO plays a key role here.
While @chameleon_jeff talked about making huge profits for HLP investors and remained silent about ADL and trader issues,
@vnovakovski publicly acknowledged the problem, took responsibility, and is refunding users affected by the Lighter outage.
Furthermore, he's even compensating some of the LLP investors' funds, as he realized many of them weren't aware of how the pool works.
Although, in fact, he didn't have to do this, and I know plenty of people in the community who tried to dissuade him from doing so.
But he did.
For me, this is an example of how a leader should behave.
____________
This post is not meant to criticize Hyperliquid.
I love the project, its team, and its community. They've changed the industry.
I've worked extensively with HL before and its ecosystem now.
But I urge them to learn from their mistakes and not repeat them.
____________
Lighter proves that they can take on any challenge, assume responsibility, and solve any problem.
Teams like these are the kind of people you want to work with.

Guides
Find out how to buy GMX
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Predict GMX’s prices
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View GMX’s price history
Track your GMX’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.

GMX on OKX Learn
GMX vs Hyperliquid: Exploring Decentralized Derivatives and Innovative Risk Management
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Hyperliquid vs. GMX: Exploring Market Dominance, Innovations, and Challenges in Decentralized Futures Trading
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GMX V1 Exploit: $42M Lost in DeFi Attack, Highlighting Security Flaws
GMX V1 Exploit: A Comprehensive Analysis of the $42 Million Hack Overview of the GMX V1 Exploit and Its Impact On July 9, 2025, the decentralized exchange GMX V1 experienced a devastating exploit, res
GMX FAQ
Currently, one GMX is worth $10.21. For answers and insight into GMX's price action, you're in the right place. Explore the latest GMX charts and trade responsibly with OKX.
Cryptocurrencies, such as GMX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GMX have been created as well.
Check out our GMX price prediction page to forecast future prices and determine your price targets.
Dive deeper into GMX
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and, as of writing, has the highest total value locked (TVL) of any project on Arbitrum. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading. $GMX is the utility and governance token.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$106.03M
Circulating supply
10.33M / 13.25M
All-time high
$91.41
24h volume
$15.49M
Rating
3.6 / 5

