GMX
GMX
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GMX price
in USD$14.09
-- (--)
USD
Market cap
$145.45M
Circulating supply
10.33M / 13.25M
All-time high
$91.41
24h volume
$13.02M
3.6 / 5
About GMX
GMX is a decentralized trading platform that allows users to trade cryptocurrencies with leverage directly from their wallets, without needing to deposit funds into a centralized exchange. It operates on blockchain technology, offering transparent and secure trading with minimal counterparty risk. GMX's native token is used for governance, fee discounts, and earning rewards by providing liquidity to the platform. Traders can access deep liquidity and low fees, while liquidity providers earn a share of trading fees. GMX stands out for its user-friendly approach to decentralized finance (DeFi), making advanced trading tools accessible to everyone.
AI insights
GMX’s price performance
Past year
-32.36%
$20.83
3 months
+12.81%
$12.49
30 days
-5.95%
$14.98
7 days
-9.63%
$15.59
GMX on socials
There is a hero who has penetrated Arbitrum. It's none other than Ivan, who has managed to break through the @arbitrum, which is said to be difficult to penetrate due to the many old-timers.
Currently, @museowunsaram is ranked 80th as of the 7th, and no other Koreans are visible. Haha.
The reason I entered Arbitrum was actually because I couldn't receive the $ARB airdrop. I regretted not participating in the airdrop and decided to enter the ecosystem later. At that time, GMX, which was the strongest on Puffdex, was... not usable because it was on Puffdex, so I delved into a project called GNS, which was a bit different and more of a beta play.
At that time, Yield Farming was introduced as a DeFi strategist for this project, and that's how I got to know about it. I later found out that he was Korean. Haha.
There was also a time when a fund-type project operated under Yield Farming's leadership was launched. It used a Y-shaped token symbol, and the basic method was to invest funds in exchange for tokens, which Yield Farming would then use to operate various strategies through DeFi to generate interest. As far as I remember, Yield Farming did well, but a friend running the GNS project made a lot of noise but ultimately couldn't keep up with the project's scale and direction, leading to a crash in token prices and everything shutting down. I remember that they used a strategy of extending time and lifespan by not focusing on a single project and instead printing countless tokens, but it was an experience that turned to dust as I repeatedly trusted, bought tokens, and staked them.
After that, I believe I completely organized and left the Arbitrum ecosystem because of this. It’s not beta play; you just have to do alpha play on that platform. That’s what I felt and observed at the time. Haha.
Now Live: ASTER/USD on GMX
@GMX_IO has just added $ASTER/USD perps, available on @Arbitrum. Traders can now go long or short on @Aster_DEX with transparent pricing and lower liquidation risk.
This isn’t just another token listing. It’s a leap forward in how GMX expands its derivatives offerings while keeping the infrastructure tight and composable across chains.
Key Details
🔹Up to 50× leverage - Trade ASTER/USD as a perpetual swap with up to 50× exposure.
🔹Liquidity on Arbitrum - The ASTER/USD market leverages liquidity on Arbitrum, making route execution efficient and capital reuse easier.
🔹Earn by providing liquidity - You can earn LP fees by supplying WBTC or USDC to the ASTER/USD pool or to the GLV [WBTC–USDC] vault.
🔹Multi-chain access - ASTER/USD is tradable from both Arbitrum and Base, offering broader reach.
🔹GMX experience applied - Traders benefit from GMX’s pricing transparency, risk models, and infrastructure that handles perps at scale.
🔹Incentives coming soon - GMX will roll out reward programs to drive participation in this new market.
Learn more in the GMX News blog: “four new Perps” post
Why This Move Matters
✅ Cross-chain derivatives - Having ASTER/USD on Arbitrum shows GMX is expanding beyond single-chain perps.
✅ Capital efficiency - Liquidity reuse in GLV or via pool LPs helps reduce fragmentation and encourages deeper markets.
✅ Risk management built-in - With GMX’s systems, traders get access to tried-and-tested liquidation and collateral mechanisms.
✅ Participation incentives - Liquidity providers and traders are likely to be rewarded, making early entry beneficial.
✅ Ecosystem growth - New markets bring new users and integrations, reinforcing GMX’s position in the broader DeFi stack.
Signals & Context
@GMX_IO on @Arbitrum is already a major derivatives hub, with deep liquidity and protocol usage.
The addition of ASTER/USD coincides with GMX expanding its perp markets across more assets and chains.
The GLV vault architecture (WBTC–USDC, WETH–USDC) is leveraged for liquidity in new perp markets, which helps bootstrap depth.
The Bigger Picture
This integration reflects a broader evolution in decentralized finance, where derivatives are no longer limited to top-tier assets. Platforms like GMX are showing how composability and cross-chain infrastructure can unlock new forms of market participation.
By enabling $ASTER/USD perps, @GMX_IO is helping bridge liquidity between emerging tokens and institutional-grade DeFi tooling. It’s a subtle but powerful move that strengthens @Arbitrum’s role as a leading DeFi execution layer while paving the way for more exotic, community-driven assets to gain visibility and utility.
In essence, this isn’t just about trading, it’s about expanding what’s possible in permissionless finance.
My Thought
Adding $ASTER/USD perps is more than “another trading pair.” It’s a signal that derivatives builders are thinking in multichain terms. @GMX_IO is not just supporting more tokens, it’s expanding its footprint in @Arbitrum’s composable world.
Traders now have another lever. Liquidity providers have a new field. And for protocols building on top of GMX, this market adds depth and possibilities.
If you believe DeFi’s next stage is about flexible, cross-chain derivatives, this is exactly the kind of move that defines it.
Learn more in the GMX News blog:
#GMX #ASTER #Perps #Arbitrum #DeFiExpansion
Guides
Find out how to buy GMX
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Predict GMX’s prices
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View GMX’s price history
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GMX on OKX Learn
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GMX V1 Exploit: $42M Lost in DeFi Attack, Highlighting Security Flaws
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Diversify your portfolio with USDC/SGD and USDT/SGD trading pairs
GMX FAQ
Currently, one GMX is worth $14.09. For answers and insight into GMX's price action, you're in the right place. Explore the latest GMX charts and trade responsibly with OKX.
Cryptocurrencies, such as GMX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GMX have been created as well.
Check out our GMX price prediction page to forecast future prices and determine your price targets.
Dive deeper into GMX
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and, as of writing, has the highest total value locked (TVL) of any project on Arbitrum. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading. $GMX is the utility and governance token.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$145.45M
Circulating supply
10.33M / 13.25M
All-time high
$91.41
24h volume
$13.02M
3.6 / 5