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GMX priceGMX
Listed
BuyQuote currency:
USD
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Price of GMX today
The live price of GMX is $27.3 per (GMX / USD) today with a current market cap of $270.01M USD. The 24-hour trading volume is $23.68M USD. GMX to USD price is updated in real time. GMX is -1.76% in the last 24 hours. It has a circulating supply of 9,889,694 .
What is the highest price of GMX?
GMX has an all-time high (ATH) of $217.32, recorded on 2021-11-16.
What is the lowest price of GMX?
GMX has an all-time low (ATL) of $0.00, recorded on 2021-11-17.
GMX price prediction
When is a good time to buy GMX? Should I buy or sell GMX now?
When deciding whether to buy or sell GMX, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget GMX technical analysis can provide you with a reference for trading.
According to the GMX 4h technical analysis, the trading signal is Strong sell.
According to the GMX 1d technical analysis, the trading signal is Sell.
According to the GMX 1w technical analysis, the trading signal is Sell.
What will the price of GMX be in 2025?
Based on GMX's historical price performance prediction model, the price of GMX is projected to reach $42.61 in 2025.
What will the price of GMX be in 2030?
In 2030, the GMX price is expected to change by -18.00%. By the end of 2030, the GMX price is projected to reach $47.2, with a cumulative ROI of +70.49%.
GMX price history (USD)
The price of GMX is -40.93% over the last year. The highest price of GMX in USD in the last year was $64.17 and the lowest price of GMX in USD in the last year was $17.63.
TimePrice change (%)
Lowest priceHighest price
Lowest priceHighest price 24h-1.76%$26.67$28.55
7d-26.19%$24.56$39.33
30d-8.27%$24.56$45.83
90d+9.47%$19.77$45.83
1y-40.93%$17.63$64.17
All-time+82.17%--(2021-11-17, 3 years ago )$217.32(2021-11-16, 3 years ago )
GMX market information
Market cap
$270,005,669.04
-1.76%
Fully diluted market cap
$270,005,669.04
-1.76%
Volume (24h)
$23,681,091.04
-5.80%
Market rankings
Circulation rate
99.00%
24h volume / market cap
8.77%
Circulating supply
9,889,694 GMX
Total supply / Max supply
9,889,694.29 GMX
-- GMX
ICO price
$0.9000 ICO details
GMX ratings
Average ratings from the community
4.4
This content is for informational purposes only.
About GMX (GMX)
What is GMX?
GMX is a decentralized exchange that specializes in spot and perpetual trading of cryptocurrencies. Launched in September 2021 as the first iteration of the Gambit protocol, GMX has quickly gained traction for its innovative features, including low swap fees, up to 50x leverage, and zero price impact trades. The platform operates primarily on the Arbitrum Layer 2 protocol and the Avalanche blockchain, offering a seamless trading experience with reduced transaction costs.
The exchange distinguishes itself with a unique multi-asset liquidity model, a modification of the traditional Automated Market Maker (AMM) setup. GMX uses Chainlink oracles to source dynamic pricing information from various exchanges, ensuring accurate and timely data.
Resources
Official Document: https://docs.gmx.io/docs/intro/
Official Website: https://gmx.io
How Does GMX Work?
At the core of GMX's functionality is a community-operated 'unionized' liquidity pool known as the GLP pool. This pool serves both spot and perpetual contract trading. Users can contribute single assets to the GLP pool, which is then used by the Automated Market Maker (AMM) for spot trading and by the leverage trading algorithm for loan requests. Traders can borrow up to 30 times the value of their collateral from the GLP pool, enabling high-leverage trades.
GMX charges a trading fee of 0.1% of the position size to open a trade and a "borrow fee" that varies depending on the asset's utilization. The platform's fee structure is designed to benefit both GMX and GLP token holders, with 30% of the fees going to GMX stakers and 70% to GLP holders.
What is GMX Token (GMX)?
The GMX token serves multiple purposes within the GMX ecosystem. Primarily, it is used for governance, allowing token holders to vote on various proposals related to the platform's operations. The token can also be staked to earn three types of rewards: Escrowed GMX (esGMX), Multiplier Points, and standard rewards in ETH or AVAX, depending on the network.
Which Factors Affect GMX Token (GMX) Price?
The price of the GMX token is influenced by several factors, including market sentiment, trading volumes, and the overall performance of the crypto market. The token's utility within the GMX ecosystem, such as governance and staking rewards, also plays a role in its valuation. Additionally, the platform's innovative features and liquidity model have garnered investor interest, contributing to price movements. The GMX token has shown resilience even during market downturns, making it a subject of optimism among traders and investors.
GMX’s Impact on Finance
GMX is making waves in the financial world by offering a decentralized platform for spot and perpetual trading with high leverage options. Its unique liquidity model and community-driven approach set it apart from traditional financial systems and even other DeFi platforms. By operating on Layer 2 solutions like Arbitrum and Avalanche, GMX is also addressing some of the scalability and cost issues that plague Ethereum-based DeFi projects.
GMX opens up opportunities for passive income through staking and liquidity provision, making it attractive for long-term investors. Its governance model ensures that the community has a say in the platform's future, aligning it with the ethos of decentralization.
Conclusion
In conclusion, GMX is a key player in the DeFi space, offering innovative features like low fees and high leverage. Operating on advanced blockchain technologies, it provides a cost-effective and scalable trading experience. With its unique liquidity model and community-driven governance, GMX stands out as a disruptive force in both traditional and decentralized financial markets.
GMX to local currency
1 GMX to MXN$548.221 GMX to GTQQ209.521 GMX to CLP$27,002.261 GMX to HNLL690.271 GMX to UGXSh99,749.911 GMX to ZARR499.181 GMX to TNDد.ت86.651 GMX to IQDع.د35,621.611 GMX to TWDNT$890.961 GMX to RSDдин.3,061.741 GMX to DOP$1,655.871 GMX to MYRRM123.081 GMX to GEL₾76.651 GMX to UYU$1,214.631 GMX to MADد.م.273.681 GMX to OMRر.ع.10.511 GMX to AZN₼46.411 GMX to KESSh3,510.611 GMX to SEKkr300.841 GMX to UAH₴1,140.43
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Last updated 2024-12-22 23:07:23（UTC+0）
How to buy GMX(GMX)
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy GMX (GMX)
Use a variety of payment options to buy GMX on Bitget. We'll show you how.
Trade GMX perpetual futures
After having successfully signed up on Bitget and purchased USDT or GMX tokens, you can start trading derivatives, including GMX futures and margin trading to increase your income.
The current price of GMX is $27.3, with a 24h price change of -1.76%. Traders can profit by either going long or short onGMX futures.
Join GMX copy trading by following elite traders.
After signing up on Bitget and successfully buying USDT or GMX tokens, you can also start copy trading by following elite traders.
GMX news
Perpetual Trading Tokens Surge: High FDVs Fuel DeFi Growth
Hyperliquid leads the perpetual token market with $14.3B FDV and strong growth. Jupiter, dYdX, and ApeX show solid performance and sustained market momentum. Emerging tokens like APX, WOO, and GMX exhibit promising growth potential.
CoinEdition•2024-12-11 16:00
Chainlink Labs expands MENA presence with Abu Dhabi office
Coinjournal•2024-12-10 14:22
Exploring Crypto Futures & Options Contracts
DailyCoin•2024-12-10 06:11
FDV exceeds 9 billion USD, with widespread praise from the community. Why has Hyperliquid succeeded?
Not seeking financing, not pursuing large exchanges, and not deliberately spending money on advertising, taking a bottom-up approach is more likely to gain favor in the current market.
Chaincatcher•2024-12-03 03:33
Annual largest airdrop? Hyperliquid has an average airdrop of $28,500 per person, and the HYPE trend brings a new gold rush
The HYPE price has risen sharply, from an opening price of $2 on November 29 to a peak of $9.8 on December 1, nearly a 5-fold increase in less than 3 days.
Chaincatcher•2024-12-02 10:33
Buy more
FAQ
Is GMX (GMX) a good investment?
The GMX token, integral to a leading DEX, presents a compelling option for crypto portfolios, especially with the rising demand in DeFi. As GMX exchange sees higher user engagement, the intrinsic value of its token could surge. Factors influencing GMX price include:
User Growth & Asset Listings: A spike in traders on GMX paired with additional crypto asset listings can propel the GMX token's value.
Expansion Across Blockchains: As GMX integrates with more blockchain networks, it could facilitate a broader range of asset trades and swaps, potentially driving user growth and on-chain activity.
Market Sentiment Impact: Positive crypto market sentiment can amplify trading volumes on the GMX DEX, subsequently enhancing GMX token's market value.
What is GMX token price prediction?
The GMX token's value is influenced by various determinants in the crypto landscape. While predicting an exact price trajectory is challenging, key elements impacting the GMX token include:
GMX Exchange Adoption: The GMX token's value can correlate with the number of traders on the GMX platform. An upswing in user activity can buoy the GMX to USD price, while fierce competition from rival DEXs offering better fees or features might cause a decline.
Platform Enhancements & Blockchain Expansion: The introduction of fresh tokens or innovative features on GMX could spur trading, potentially driving the token's price up. An expansion of GMX's operations on other blockchains like Arbitrum and Avalanche can further solidify its market position and influence its value.
Market Sentiment's Role: The GMX token price is sensitive to overarching crypto market sentiment. A bullish atmosphere can trigger heightened trading on GMX, benefitting its token's price. Conversely, during bearish phases or risk-averse periods, reduced trading activity may result in a drop in the GMX token value.
What is the use case of GMX token?
The $GMX cryptocurrency offers a range of versatile uses:
Earning Platform Rewards: By staking GMX, users can tap into 30% of the DEX's transaction fees derived from swaps and leveraged trades.
Governance Capabilities: $GMX doesn't just serve as a medium of exchange but also grants holders the power to shape the DEX's future. Owners can vote on proposals, introducing or supporting changes on the platform.
Trading & Investment Asset: GMX can be actively traded in the crypto market, offering opportunities for profit based on market dynamics. Before making trading decisions, it's essential to keep tabs on GMX's real-time price, overall market cap, circulating supply, and daily trade volume. Consider the GMX price trend through its charts to inform your investment decisions.
What can I do on GMX DEX?
On the GMX exchange, you can do the following: Token Swaps: Effortlessly exchange major cryptocurrencies like WETH, BTC, and USDC on GMX. Boasting compatibility with Arbitrum and Avalanche networks, GMX ensures minimal swap fees.
Perpetual Trading: Dive into leveraged trading on GMX, supporting up to 50x leverage. With a minimal fee of 0.1%, you can execute diverse trading strategies.
Liquidity Provision: By using the GLP token, contribute to the GMX's liquidity pool. Liquidity providers can tap into 70% of GMX's transaction fees.
Staking: Elevate your rewards by staking GMX or GLP on the DEX. Stake GMX to garner ETH, AVAX, and esGMX, which matures into GMX after a year. Long-term stakers get exclusive Multiplier Points.
Can I stake GMX?
Yes, in order to do so follow these steps:
Open the GMX DEX app and link your wallet.
Ensure your wallet contains enough GMX tokens. If needed, acquire more GMX from platforms like Bitget and transfer them to your wallet.
Navigate to the 'Earn' section and select the GMX option.
Choose 'Stake', input the GMX quantity you'd like to stake, and approve the transaction.
Relax and watch your GMX staking rewards accumulate, boosting your crypto assets.
Why is GMX so popular?
Part of its recent popularity can be attributed to the rise of the Ethereum-based Arbitrum, where GMX was able to offer traders a service for betting on price movements of major tokens, such as bitcoin (BTC) and ether (ETH), using leverage.
What is the current price of GMX?
The live price of GMX is $27.3 per (GMX/USD) with a current market cap of $270,005,669.04 USD. GMX's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. GMX's current price in real-time and its historical data is available on Bitget.
What is the 24 hour trading volume of GMX?
Over the last 24 hours, the trading volume of GMX is $23.68M.
What is the all-time high of GMX?
The all-time high of GMX is $217.32. This all-time high is highest price for GMX since it was launched.
Can I buy GMX on Bitget?
Yes, GMX is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy guide.
Can I get a steady income from investing in GMX?
Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.
Where can I buy GMX with the lowest fee?
Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.
Where can I buy GMX (GMX)?
Video section — quick verification, quick trading
How to complete identity verification on Bitget and protect yourself from fraud
1. Log in to your Bitget account.
2. If you're new to Bitget, watch our tutorial on how to create an account.
3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
4. Choose your issuing country or region and ID type, and follow the instructions.
5. Select “Mobile Verification” or “PC” based on your preference.
6. Enter your details, submit a copy of your ID, and take a selfie.
7. Submit your application, and voila, you've completed identity verification!
Cryptocurrency investments, including buying GMX online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy GMX, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your GMX purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.
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BGUSER-you
4d
DeFi Bazaar mein Aage ki Kadiyon ko Pehchaanna: Ek Guide
DeFi bazaar mein badi avsaron ka srijan hota hai, lekin agali badi pariyojana ko pehchaanna mahatvapoorn vishleshan ki aavashyakata hoti hai. Yahaan DeFi pariyojanaon ko pehchaanne ke liye ek guide hai:
1. *Bazaar Rujhaanon ka Mulyankan*
- Udbhavshil Kshetra: Vastavik duniya ke asset tokenization, decentralized stablecoins, ya cross-chain interoperability jaise rujhaanon ki talaash karein.
- Layer-2 Apnaai: Layer-2 scaling samadhaanon (jaise Arbitrum, Optimism) ka upyog karne wale pariyojanaon ko kam shulk aur tez len-den ki wajah se dhyaan mil raha hai.
- Decentralized Derivatives: Vikalpon, futures, aur anya derivatives par dhyaan kendrit karne wale platform agle vridhi ki seema ho sakte hain.
1. *Mukhya Metrics ka Vishleshan*
- Kul Moolya Lock (TVL): Tezi se badhte TVL wale pariyojanaon mein mazboot apnaai aur taralata dikhai deti hai.
- Upyogkarta Aadhaar ki Vridhi: Anan ya pehchaan wale wallet address aur len-den aayam mein vriddhi ki nigraani karein.
- Vikasak Gatividhi: Uchch GitHub commits ya aksar update aksar sakriya aur navachar team ka sanket dete hain.
1. *Tokenomics ka Mulyankan*
- Aapoorti Gatividhi: Pariyojanaon mein deflationary tareeke ya kam prasarit aapoorti aksar niveshakon ki ruchi aakarshit karte hain.
- Upyogita: Sunishchit karein ki token ke paas pranaali ke andar vaastavik upyog ke maamle hain (jaise governance, staking, shulk bhugtaan).
- Aay Vibhajan: Pratimaan jaise GMX, jo token dharkon ke saath aay saajha karte hain, bazaar ki oonchai ke dauran aakarshak hote hain.
1. *Team aur Samarthan ka Mulyankan*
- Anubhav Team: Sansthapakon ke paas blockchain ya finance mein ek track record hone se safalta ki sambhavana adhik hoti hai.
- Venture Samarthan: Pratishthit backers (jaise a16z, Paradigm) aksar mazboot due diligence aur safalta ki sambhavana ka sanket dete hain.
1. *Mazboot Sanyojanon ka Nirdharan*
- Pramukh Protocols ke saath Ekikaran: Sthapit DeFi khiladiyon ke saath sanyojan pramanikta aur apnaai badhava dete hain.
- Cross-Chain Sambhavna: Pariyojanaon jo kayi ecosystem ko jodte hain (jaise Ethereum, Solana, Binance Smart Chain) aksar adhik upyogkartaon ko aakarshit karte hain.
1. *Jokhim Kaarakon ka Mulyankan*
- Smart Contract Suraksha: Pratishthit firm dwara audit aur surakshit sanchaalanon ki itihaas ki jaanch karein.
- Niyamk Anupalan: Samiksha karein ki sambhavit niyamit badlaav kaise pariyojana ki sasthirta ko prabhavit kar sakte hain.
- Bazaar Pratispardha: Pariyojana ki ananya moolya prastaav ko pratispardiyon ke saath tulna karein.
1. *Samuday Ki Aavaj ka Upyog*
- Samajik Media Charcha: Twitter, Reddit, ya Discord par trending platform aksar badhti ruchi ka sanket deti hain.
- Samuday Bhagidari: Sakriya governance aur sangathit upyogkarta samuday ek mazboot ecosystem ka sanket dete hain.
*Shodh ke liye Tools aur Platform*
- DeFi Pulse/DappRadar: TVL aur pariyojana ranking ki tracking ke li
DEFI-0.64%
GMX-1.53%
Smith001
4d
How to Identify the Next Big DeFi Opportunity During a Market Surge
The DeFi market can create massive opportunities during surges, but spotting the next big project requires careful analysis. Here’s a guide to identifying high-potential DeFi projects:
---
1. Evaluate Market Trends
Emerging Sectors: Look for trends like real-world asset tokenization, decentralized stablecoins, or cross-chain interoperability.
Layer-2 Adoption: Projects leveraging Layer-2 scaling solutions (e.g., Arbitrum, Optimism) are gaining traction due to lower fees and faster transactions.
Decentralized Derivatives: Platforms focusing on options, futures, and other derivatives could be the next growth frontier.
---
2. Analyze Key Metrics
Total Value Locked (TVL): Projects with rapidly growing TVL indicate strong adoption and liquidity.
User Base Growth: Monitor increases in unique wallet addresses and transaction volumes.
Developer Activity: High GitHub commits or frequent updates often signal an active, innovative team.
---
3. Assess Tokenomics
Supply Dynamics: Projects with deflationary mechanisms or low circulating supply often attract investor interest.
Utility: Ensure the token has real use cases within the ecosystem (e.g., governance, staking, fee payments).
Revenue Sharing: Protocols that share revenue with token holders, like GMX, are appealing during market upswings.
---
4. Examine Team and Backing
Experienced Team: Founders with a track record in blockchain or finance are more likely to execute successfully.
Venture Support: Reputable backers (e.g., a16z, Paradigm) often indicate strong due diligence and potential for success.
---
5. Look for Strong Partnerships
Integration with Major Protocols: Partnerships with established DeFi players can provide credibility and increase adoption.
Cross-Chain Compatibility: Projects that bridge multiple ecosystems (e.g., Ethereum, Solana, Binance Smart Chain) often capture more users.
---
6. Evaluate Risk Factors
Smart Contract Security: Check for audits by reputable firms and a history of secure operations.
Regulatory Compliance: Assess how potential regulations might impact the project’s sustainability.
Market Competition: Understand the project’s unique value proposition compared to competitors.
---
7. Leverage Community Insights
Social Media Buzz: Platforms trending on Twitter, Reddit, or Discord often indicate growing interest.
Community Involvement: Active governance and engaged users suggest a strong ecosystem.
---
Tools and Platforms for Research
DeFi Pulse/DappRadar: For tracking TVL and project rankings.
GitHub: To monitor development activity.
Twitter/Discord: To gauge community sentiment and announcements.
On-Chain Analytics: Tools like Nansen or Glassnode help analyze wallet behavior and transactions.
---
Final Thoughts
Identifying the next big DeFi opportunity requires a mix of technical, financial, and market analysis. By staying informed and vigilant, investors can position themselves to capitalize on the DeFi market's rapid evolution.
SOCIAL+1.83%
MAJOR-2.08%
Crypto_King_74
2024/12/16 05:12
The DeFi market is heating up as capital flows back into decentralized financ Several projects sta
1. Aave (AAVE) As a leading lending platform Aave is expanding with cross chain capabilities attracting significant liquidity.$AAVE
2. Uniswap (UNI) With the release of v4 and enhanced features Uniswap continues to dominate decentralized trading.$UNI
3. GMX (GMX) This perpetual exchange platform is gaining traction for its simplicity and fee sharing model.$GMX
4. Curve Finance (CRV)Despite past challenges Curve is rebuilding and capitalizing on its position as a stablecoin liquidity hub.$CRV
Investors should focus on projects addressing real world use cases and offering sustainable tokenomics as the DeFi space evolves.$DEFI
CRV+4.92%
SPACE+8.87%
WahabAhmad
2024/12/14 06:16
_DeFi Market Resurgence: Established Players and Emerging Contenders_
The DeFi market is experiencing a significant resurgence, with established projects like:
- _Uniswap_: A leading decentralized exchange (DEX) with a strong ecosystem and consistent innovation.
- _Aave_: A prominent lending protocol with a robust ecosystem and ongoing development.
Emerging contenders are also making waves:
- _GMX ($GMX)_: A decentralized derivatives trading platform offering innovative solutions.
- _Curve Finance_: A protocol providing advanced liquidity solutions for DeFi applications.
_As DeFi Evolves_
Projects prioritizing scalability and cross-chain compatibility are poised for significant growth. Key factors driving this growth include:
- _Scalability_: Solutions that enable faster and more efficient transactions.
- _Cross-Chain Compatibility_: Protocols facilitating seamless interactions between different blockchain networks.
By focusing on these critical areas, DeFi projects can unlock new opportunities, drive adoption, and propel the ecosystem forward.
DEFI-0.64%
WAVES+4.13%
BGUSER-YVASXG5F
2024/12/14 06:07
With the DeFi market experiencing a resurgence$DEFI projects like Uniswap and Aave stand out for
With the DeFi market experiencing a resurgence$DEFI projects like Uniswap and Aave stand out for their established ecosystems and consistent innovation.
Emerging contenders like GMX$GMX focused on decentralized derivatives trading and Curve Finance offering advanced liquidity solutions also deserve attention.
As DeFi evolves projects that prioritize scalability and cross chain compatibility are poised for significant growth.
DEFI-0.64%
AAVE+7.89%
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GMX Social Data
In the last 24 hours, the social media sentiment score for GMX was 2.5, and the social media sentiment towards GMX price trend was Bearish. The overall GMX social media score was 30,966, which ranks 134 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with GMX being mentioned with a frequency ratio of 0.04%, ranking 158 among all cryptocurrencies.
In the last 24 hours, there were a total of 2,264 unique users discussing GMX, with a total of GMX mentions of 392. However, compared to the previous 24-hour period, the number of unique users decrease by 1%, and the total number of mentions has increase by 10%.
On Twitter, there were a total of 39 tweets mentioning GMX in the last 24 hours. Among them, 23% are bullish on GMX, 54% are bearish on GMX, and 23% are neutral on GMX.
On Reddit, there were 24 posts mentioning GMX in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 27% .
All social overview
2.5