Verified OGs:
9
CryptoFam:
211
Projects:
25671
BTC:
$113,958
0.64%
ETH:
$3,612.35
1.62%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap:
$3.80T
Fear&Greed:
60
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      GMX GMX
      $13.42 5.71%
      OG Score 39.73
      Reviews 4

      GMX GMX Price

      $13.42 5.71%
      Low All Time High
      $9.61 $91.07

      Introduction

      GMX (GMX) offers decentralized spot and perpetual trading with up to 50x leverage. More

      OG Score 39.73
      Reviews 4
      Market Cap $137.39M
      Market Cap Rank # 398

      Token Stats

      Fully Diluted Valuation $137.39M
      24H Trading Volume $20.69M
      24H Low / High $12.67 / $ 13.91
      Circulating Supply 10.24 M
      Total Supply 10.24 M
      Max Supply 13.25 M

      Info

      Categories Decentralized Finance (DeFi) 4 more
      Founder Anonymous
      Website gmx.io Whitepaper
      Socials 3 more
      Chains Avalanche Ecosystem 1 more
      Explorer Dex 4 more
      Contracts 0x62e....1c661 1 more

      GMX/USD Price Chart

      24h 7d 1m All

      OG Evaluation

      OG Score

      OG Score Rank #752
      Reviews 4
      Gem Score 14.38

      OGAudit Coin Evaluation Metrics

      Innovation 41 .45
      Innovation Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is there clear information about the product/service? Is it as good as advertised? How about the growth potential?
      Security 41 .23
      Security How robust is this network/contract and are there up-to-date technical audit reports? Has the network/contract been halted previously? Have there been any serious hacks or exploits?
      Community 39 .63
      Community Does the team actively prioritize community input and leverage on-chain voting for decision-making? Is decision-making equitable, or do the whales have undue influence? Are social media and marketing strategies effective and sustainable? Is their social media presence organic, or are manipulated by bots? Do they provide effective user support? Any airdrop for the community?
      Tokenomics 37 .15
      Tokenomics Does the token have strong and diverse use cases? Are there clear incentives or revenue sharing mechanisms for token holders? Is the token's inflation rate and vesting schedule well-balanced? How much of the supply is controlled by the team or whales? Is the TVL (Total Value Locked) or staked value proportionate to the market cap? Is there adequate liquidity across DEX and CEX pairs?
      Team 39 .63
      Team Does the team have a clear roadmap and consistently deliver on their promises? Can the team adapt to market changes and meet user demands? Does the project have sustainable and diversified revenue income models to help it support its operations in the long term?
      Roadmap 39 .28
      Roadmap Does the team have a clear roadmap and consistently deliver on their promises? Can the team adapt to market changes and meet user demands? Does the project have sustainable and diversified revenue income models to help it support its operations in the long term?

      GMX $gmx User Reviews

      What Crypto OGs are Saying About GMX

      GMX $gmx Markets

      Name Pair OG Score

      About GMX $gmx

      What is GMX (GMX)?

      GMX: A Decentralized Exchange for Perpetual Cryptocurrency Futures

      GMX is a decentralized exchange (DEX) offering trading in perpetual cryptocurrency futures with up to 50x leverage on popular cryptocurrencies like BTC and ETH. Launched in September 2021 as Gambit Exchange, GMX has quickly established itself as a leading derivatives DEX on Arbitrum and Avalanche, boasting a total trading volume of over $130 billion and 283,000 total users.

      Innovative Technology and Ecosystem

      The platform operates on the Arbitrum and Avalanche blockchains, connected to the exchange via Synapse, a cross-chain bridge. GMX differs from centralized exchanges (CEXs) by using an automated market maker (AMM) model instead of an order book. This AMM model features a native multi-asset pool, GLP, which rewards liquidity providers with 70% of all fees generated on the corresponding blockchain.

      Dual-Token System for Liquidity and Governance

      GMX's decentralized exchange ecosystem revolves around two tokens: GLP and GMX. GLP serves to supply liquidity and acts as an index of all assets on the exchange, while GMX is the utility and governance token. Users can stake GMX tokens to receive rewards, including 30% of fees collected from swaps and leverage trading.

      Community Engagement and Development

      One of GMX's standout features is its encouragement of community engagement, supporting the development of community projects like the GMX Leaderboard, GMX Blueberry Club, and GMX Yield Simulator. The platform's core product allows spot trading and perpetual contract trading, with users able to leverage up to 30x on their trades.

      Secure and User-Friendly Trading Interface

      GMX leverages Chainlink oracles for dynamic pricing and aggregates price data from high-volume exchanges for accurate pricing on listed assets. Its user-friendly interface allows traders to connect their wallets directly to the platform without the need for a separate trading account, making it convenient and secure.

      Conclusion: GMX's Impact on the DeFi Landscape

      In conclusion, GMX is a decentralized exchange offering a range of features and benefits to crypto traders, including low swap fees, up to 50x leverage, and zero price impact trading. Its rapid growth and innovative approach make it a significant player in the decentralized finance (DeFi) space.

      What is unique about GMX (GMX)?

      GMX stands out for offering decentralized spot and perpetual trading with up to 50x leverage, a native multi-asset pool rewarding liquidity providers, and a community-driven approach supporting projects like the GMX Leaderboard and GMX Blueberry Club.

      Who are the founders of GMX (GMX)?

      The founding team of GMX remains anonymous, but the lead developer is likely @xdev_10 on Twitter, known for successfully launching other DeFi protocols like XVIX and Gambit.

      Where can I buy GMX (GMX)?

      You can buy GMX (GMX) on Binance, Gate.io, Bybit, MEXCBitget cryptocurrency exchanges.

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