GMX
ATH / ATL
24h Price
24h summary
Over the last 24 hours, GMX moved from $6.84 to $7.12. The session high was $7.12, the low was $6.51, and the intraday range was $0.61 / 8.9%.
- 24h open
- $6.84
- 24h close
- $7.12
- 24h high
- $7.12
- 24h low
- $6.51
- Volatility / range
- $0.61 / 8.9%
- Updated
Monthly Returns heatmap
Heatmap summary
GMX posted 20 positive months out of 46. The longest positive streak lasted 4 months, while the longest negative streak lasted 5 months.
- Strongest month
- May 2024 +49.6%
- Weakest month
- Apr 2024 -44.8%
- Longest positive streak
- 4 Sep 2023 — Dec 2023
- Longest negative streak
- 5 Jun 2024 — Oct 2024
- Luckiest calendar month
- Nov • avg 12.5% • 4 mo.
- Unluckiest calendar month
- Jun • avg -11.6% • 4 mo.
Networks
Supported exchanges
About the coin
GMX is the utility and governance token of the GMX decentralized perpetual exchange.
GMX operates as a decentralized exchange (DEX) that allows users to trade perpetual futures with leverage. It focuses on providing a seamless trading experience with low swap fees and zero price impact on trades.
The GMX protocol aims to offer a robust platform for both experienced traders and newcomers to the decentralized finance (DeFi) space. Its design emphasizes efficiency and accessibility.
GMX is deployed on two prominent blockchain networks: Avalanche C-Chain and Arbitrum One. On Avalanche, it is an ERC-20 token with the contract address 0x62edc0692bd897d2295872a9ffcac5425011c661. On Arbitrum One, it also functions as an ERC-20 token, identified by the contract address 0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a.
As a utility token, GMX provides several benefits to its holders within the GMX ecosystem.
One of the primary utilities of GMX is its role in incentivizing liquidity providers. Users who stake GMX can earn rewards, encouraging participation in maintaining the protocol's liquidity.
Furthermore, GMX tokens are used for governance. Holders can participate in decision-making processes regarding the future development and direction of the GMX protocol. This decentralized governance model allows the community to have a say in the platform's evolution.
Trading on the GMX platform offers benefits such as low fees. The protocol charges a small fee for swaps and leverage trading, which contributes to the overall revenue generated by the exchange.
The GMX protocol also aims to minimize price impact. This means that larger trades should have a less significant effect on the asset's price compared to some other exchanges, making it more efficient for substantial transactions.
The platform supports trading of various digital assets, allowing users to speculate on price movements with leverage.
Security and decentralization are core tenets of the GMX protocol. By operating on blockchain networks like Avalanche and Arbitrum, it leverages their underlying security features.
The GMX token's distribution and utility are designed to foster a strong and engaged community around the decentralized exchange.
Holders of GMX can receive a share of the protocol's generated fees. These fees are distributed to stakers, providing a passive income stream for those who support the network.
The dual deployment on Avalanche and Arbitrum allows GMX to cater to users on different blockchain ecosystems, potentially increasing its reach and adoption.
In summary, GMX serves as the central token for a decentralized perpetual exchange, offering utility through staking rewards, governance participation, and fee-sharing mechanisms, while operating on the Avalanche and Arbitrum networks.
Trust & methodology
Last updated:
Data source: Price and volume snapshots are sourced from Binance using the GMXUSDT market feed.
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