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GMX Stock

GMX

GMX

Price

10.68
Today +/-
+0
Today %
+0 %

GMX Whitepaper

  • Simple

  • Expanded

  • Experte

Börse Marktpaar Preis +2% Tiefe -2% Tiefe Volumen (24H) Volumen % Typ Liquiditätsbewertung Aktualität
ToobitGMX/USDT14.15158,878.05173,590.58627,263.430.04cex4927/9/2025, 6:21 AM
BinanceGMX/USDT14.1552,641.1254,756.41595,491.170cex5227/9/2025, 6:23 AM
HTXGMX/USDT14.121,620.152,343.83587,893.570.03cex2747/9/2025, 6:23 AM
OrangeXGMX/USDT14.1623,113.9319,601.47582,075.410.08cex5677/9/2025, 6:18 AM
HotcoinGMX/USDT14.178,938.298,234.2530,542.710.07cex2547/9/2025, 6:23 AM
TruBit Pro ExchangeGMX/USDT14.1625,229.2717,594.55525,308.880.13cex3267/9/2025, 6:21 AM
TapbitGMX/USDT14.165,079.874,826.56485,449.70.03cex2717/9/2025, 6:18 AM
MEXCGMX/USDT14.1649,896.0944,678.98364,029.610.01cex4697/9/2025, 6:18 AM
CEEX exchangeGMX/USDT14.162,921.471,828.1346,753.710.03cex17/9/2025, 6:21 AM
LBankGMX/USDT14.1864,922.2963,868.8319,621.320.02cex4657/9/2025, 6:21 AM
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GMX FAQ

What is GMX?

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.

Founders of GMX

The founding team remains anonymous; however, the lead developer is believed to be @xdev_10 on Twitter.

**What Distinguishes GMX from Others?**

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.

What Is the Circulating Supply of GMX Coins?

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.

How is the GMX Network Secured?

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.

Where Can You Purchase GMX?

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.

Investors interested in GMX are also interested in these Cryptos

This list presents a carefully selected selection of Cryptos that might be of interest to investors. We have our own crypto analyses for all listed Cryptos on Eulerpool.

Beginnings and the Rise of Cryptocurrencies

The history of cryptocurrencies began in 2008 when an individual or group using the pseudonym Satoshi Nakamoto published the whitepaper "Bitcoin: A Peer-to-Peer Electronic Cash System." This document laid the foundation for the first cryptocurrency, Bitcoin. Bitcoin utilized a decentralized technology known as blockchain to enable transactions without the need for a central authority.

In January 2009, the Bitcoin network commenced with the mining of the Genesis Block. Initially, Bitcoin was more of an experimental project for a small group of enthusiasts. The first known commercial purchase using Bitcoins occurred in 2010, when someone spent 10,000 Bitcoins on two pizzas. At that time, the value of one Bitcoin was just fractions of a cent.

The development of other cryptocurrencies

Following the success of Bitcoin, other cryptocurrencies soon emerged. These new digital currencies, often referred to as "Altcoins," sought to use and improve blockchain technology in various ways. Some of the most well-known early Altcoins include Litecoin (LTC), Ripple (XRP), and Ethereum (ETH). Ethereum, founded by Vitalik Buterin, was particularly distinct from Bitcoin, as it enabled the creation of smart contracts and decentralized applications (DApps).

Market Growth and Volatility

The cryptocurrency market grew rapidly, and with it public attention. The value of Bitcoin and other cryptocurrencies experienced extreme fluctuations. Highlights such as the end of 2017, when the Bitcoin price nearly reached 20,000 US dollars, alternated with sharp market crashes. This volatility attracted both investors and speculators.

Regulatory Challenges and Acceptance

As the popularity of cryptocurrencies rose, governments around the world began to grapple with the regulation of this new asset class. Some countries adopted a friendly stance and encouraged the development of crypto technologies, while others introduced strict regulations or outright banned cryptocurrencies. Despite these challenges, the acceptance of cryptocurrencies in the mainstream has steadily increased, with companies and financial institutions starting to adopt them.

Recent Developments and the Future

In recent years, developments such as DeFi (Decentralized Finance) and NFTs (Non-Fungible Tokens) have broadened the range of possibilities offered by blockchain technology. DeFi enables complex financial transactions without traditional financial institutions, while NFTs allow for the tokenization of artwork and other unique items.

The future of cryptocurrencies remains exciting and uncertain. Questions about scalability, regulation, and market penetration remain open. Nevertheless, interest in cryptocurrencies and the underlying blockchain technology is stronger than ever, and their role in the global economy is expected to continue growing.

Advantages of Investing in Cryptocurrencies

1. High Return Potential

Cryptocurrencies are known for their high potential returns. Investors who got in early on projects like Bitcoin or Ethereum have made substantial gains. This high return makes cryptocurrencies an attractive investment opportunity for risk-seeking investors.

2. Independence from Traditional Financial Systems

Cryptocurrencies offer an alternative to the traditional financial system. They are not bound to the policies of a central bank, making them an attractive hedge against inflation and economic instability.

3. Innovation and Technological Development

Investing in cryptocurrencies also means investing in new technologies. Blockchain, the technology behind many cryptocurrencies, has the potential to revolutionize numerous industries, from financial services to supply chain management.

4. Liquidity

Cryptocurrency markets operate around the clock, which means high liquidity. Investors can buy and sell their assets at any time, which is a clear advantage compared to traditional markets that are tied to opening hours.

Disadvantages of Investing in Cryptocurrencies

1. High Volatility

Cryptocurrencies are known for their extreme volatility. The value of cryptocurrencies can rise or fall quickly and unpredictably, posing a high risk to investors.

2. Regulatory Uncertainty

The regulatory landscape for cryptocurrencies is still emerging and varies greatly from country to country. This uncertainty can lead to risks, especially when new laws and regulations are introduced.

3. Security Risks

While blockchain technology is considered very secure, there are risks associated with the storage and exchange of cryptocurrencies. Hacks and fraud are not uncommon in the crypto world, which requires additional precautions.

4. Lack of Understanding and Acceptance

Many people do not fully understand cryptocurrencies and the underlying technology. This lack of understanding can lead to misguided investments. Additionally, the acceptance of cryptocurrencies as a means of payment is still limited.