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GMX (GMX) Price
GMX Price
Technical Analysis
Daily indicators based on 1d candle data
DeFi Analytics
Advantages of Cryptocurrency
Decentralization & Financial Freedom
Cryptocurrencies operate on decentralized networks, removing the need for intermediaries like banks. This enables peer-to-peer transactions, financial inclusion for the unbanked, and resistance to censorship or government control.
Transparency & Security
Blockchain technology provides an immutable, transparent ledger of all transactions. Cryptographic security makes it extremely difficult to counterfeit or double-spend, offering strong protection against fraud.
Global Accessibility
Anyone with an internet connection can send and receive cryptocurrency worldwide, 24/7, without geographic restrictions or banking hours. This is particularly valuable for international remittances.
Investment Potential
Cryptocurrencies have demonstrated significant long-term appreciation potential. Early investors in Bitcoin and Ethereum saw extraordinary returns, and the asset class offers portfolio diversification benefits.
Risks of Cryptocurrency
High Volatility
Cryptocurrency prices can fluctuate dramatically – often by 20–50% or more within short periods. This high volatility makes them inherently risky investments, and significant capital losses are possible.
Regulatory Uncertainty
The regulatory landscape for cryptocurrencies is still evolving globally. Sudden regulatory changes can significantly impact prices and accessibility, creating legal and compliance risks for investors and businesses.
Security Risks
Hacks, scams, and phishing attacks are prevalent in the crypto space. The irreversible nature of blockchain transactions means stolen funds are rarely recovered. Users must secure their private keys and wallets diligently.
Environmental Impact
Proof-of-Work cryptocurrencies like Bitcoin require substantial computational energy, raising environmental concerns. While the industry is transitioning toward more energy-efficient consensus mechanisms, the carbon footprint remains a significant criticism.
History of Cryptocurrency
The history of cryptocurrency begins with Bitcoin, introduced in 2009 by the pseudonymous Satoshi Nakamoto. The Bitcoin whitepaper, published in October 2008, proposed a peer-to-peer electronic cash system enabling online payments directly between parties without going through a financial institution.
Bitcoin's first recorded commercial transaction occurred in May 2010 when Laszlo Hanyecz paid 10,000 BTC for two pizzas – a transaction now celebrated annually as Bitcoin Pizza Day.
The Rise of Altcoins
Following Bitcoin's success, thousands of alternative cryptocurrencies (altcoins) emerged. Ethereum, launched in 2015 by Vitalik Buterin, introduced smart contracts – self-executing agreements coded into the blockchain – enabling decentralized applications (dApps) and decentralized finance (DeFi).
The ICO Boom and Market Crash
The years 2017–2018 saw an explosion of Initial Coin Offerings (ICOs), where new projects raised funds by selling tokens. Bitcoin reached nearly $20,000 in December 2017 before crashing dramatically in 2018, triggering a prolonged crypto winter.
Institutional Adoption
The 2020–2021 bull run saw unprecedented institutional interest, with companies like MicroStrategy and Tesla adding Bitcoin to their balance sheets. Bitcoin hit new all-time highs above $60,000. The launch of Bitcoin ETFs and growing regulatory clarity further legitimized the asset class.
DeFi, NFTs & Web3
Decentralized finance (DeFi) protocols, non-fungible tokens (NFTs), and the broader Web3 movement transformed the cryptocurrency landscape. Platforms like Uniswap, Aave, and OpenSea enabled entirely new financial and digital ownership models.
Today, the cryptocurrency market encompasses thousands of digital assets with a combined market capitalization in the trillions of dollars, representing a fundamental shift in how the world thinks about money, finance, and digital ownership.
Exchange
| Exchange | Market Pair | Price | Depth +2% | Depth -2% | Volume 24H | Volume % | Type | Liquidity Rating | Freshness |
|---|---|---|---|---|---|---|---|---|---|
| Toobit | GMX/USDT | 14.15 | 158,878.05 | 173,590.58 | 627,263.43 | 0.04 | cex | 492.00 | 7/9/2025, 6:21 AM |
| Binance | GMX/USDT | 14.15 | 52,641.12 | 54,756.41 | 595,491.17 | 0.00 | cex | 522.00 | 7/9/2025, 6:23 AM |
| HTX | GMX/USDT | 14.12 | 1,620.15 | 2,343.83 | 587,893.57 | 0.03 | cex | 274.00 | 7/9/2025, 6:23 AM |
| OrangeX | GMX/USDT | 14.16 | 23,113.93 | 19,601.47 | 582,075.41 | 0.08 | cex | 567.00 | 7/9/2025, 6:18 AM |
| Hotcoin | GMX/USDT | 14.17 | 8,938.29 | 8,234.20 | 530,542.71 | 0.07 | cex | 254.00 | 7/9/2025, 6:23 AM |
| TruBit Pro Exchange | GMX/USDT | 14.16 | 25,229.27 | 17,594.55 | 525,308.88 | 0.13 | cex | 326.00 | 7/9/2025, 6:21 AM |
| Tapbit | GMX/USDT | 14.16 | 5,079.87 | 4,826.56 | 485,449.70 | 0.03 | cex | 271.00 | 7/9/2025, 6:18 AM |
| MEXC | GMX/USDT | 14.16 | 49,896.09 | 44,678.98 | 364,029.61 | 0.01 | cex | 469.00 | 7/9/2025, 6:18 AM |
| CEEX exchange | GMX/USDT | 14.16 | 2,921.47 | 1,828.10 | 346,753.71 | 0.03 | cex | 1.00 | 7/9/2025, 6:21 AM |
| LBank | GMX/USDT | 14.18 | 64,922.29 | 63,868.80 | 319,621.32 | 0.02 | cex | 465.00 | 7/9/2025, 6:21 AM |
GMX FAQ
GMX is a decentralized exchange (DEX) specializing in trading perpetual cryptocurrency futures with leverage of up to 50 times on popular cryptocurrencies such as BTC, ETH, and others. The platform was launched in September 2021 originally as Gambit Exchange. As of now, GMX boasts a total trading volume exceeding $130 billion and serves 283,000 users, establishing itself as the leading derivatives DEX on both Arbitrum and Avalanche. GMX operates on the Arbitrum and Avalanche blockchains. These ecosystems are linked to the exchange through Synapse, a cross-chain bridge.
The founding team remains anonymous; however, the lead developer is believed to be @xdev_10 on Twitter.
Instead of the order book model employed by centralized exchanges (CEXs), trading occurs through an innovative adaptation of the automated market model (AMM) utilized by decentralized exchanges (DEXs) like Uniswap. It features a native multi-asset pool, GLP, which generates revenue for liquidity providers. GLP operates as a multi-asset liquidity pool (LP), comprising ETH, BTC, LINK, UNI, USDC, USDT, DAI, and FRAX at the time of writing. Market prices depend on Chainlink's oracles, which collect token price data from all the top exchanges. The decentralized exchange ecosystem is based on two tokens: GLP and GMX. The first token serves to supply liquidity. The GLP price reflects the value of all GMX assets, which are listed for trading with leverage and swaps. In other words, GLP is an index of all assets on the exchange. GMX is the utility and governance token. Users can add liquidity by minting GLP, and in return, they receive 70% of all fees generated on the corresponding blockchain. Unlike some liquidity pools, GLP experiences no impermanent loss. Furthermore, the GLP pool acts as a counterparty for traders. When GLP token holders supply liquidity for leveraged trading, they profit when traders incur losses, and the opposite is also true.
As of the current data, the circulating supply of the GMX token exceeds 8.7 million, with an anticipated maximum supply of 13.25 million GMX tokens. The tokenomics are structured as follows: 6 million GMX are allocated for XVIX and Gambit migration; 2 million GMX are paired with ETH for liquidity on Uniswap; 2 million GMX are reserved for vesting from Escrowed GMX rewards; 2 million GMX are allocated to the floor price fund; 1 million GMX are designated for marketing, collaborations, and community developers; and 250,000 GMX tokens are distributed to the team linearly over a two-year period.
GMX operates on the Arbitrum and Avalanche blockchains. Arbitrum is a layer-2 blockchain that derives its security from the Ethereum network, which provides consensus and finality for Arbitrum transactions. This means that Ethereum ensures the validity of the rollup's off-chain computation and the availability of data related to the computation. On the Avalanche blockchain, the consensus mechanism differs from proof-of-work or proof-of-stake in that it does not rely on a single leader to process transactions that are then validated by others. Instead, all nodes collaborate to process and validate transactions using a directed acyclic graph (DAG) protocol. This approach allows transactions to be processed simultaneously, with validators conducting random polls to ensure the accuracy of transactions with statistical certainty. The absence of blocks in this consensus mechanism allows for immediate finalization, significantly enhancing the blockchain's speed. The GMX contracts have been audited by ABDK Consulting, and there is an active bug bounty for GMX on Immunefi.
GMX is listed on various cryptocurrency exchanges, including Binance, KuCoin, and Kraken. Interested in monitoring GMX prices in real time? Download the Eulerpool mobile app to observe the live prices of GMX, BTC, and other cryptocurrencies.
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