GMX price
Current price
$7.15
−4.67% 24h
Live Updated just now
Today GMX falls 4.7%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour 0.00%
- 24 hours −4.67%
- 7 days −9.81%
- 30 days −17.34%
- 1 year −17.91%
GMX's move in context
Lagging the market today
−4.67% in 24 hours against −1.08% for the market as a whole, a gap of 3.6 points. A gap this wide suggests something specific to GMX may be moving it, not just the market mood.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$729.58K traded in the last 24 hours on the exchanges we read, close to its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. Gaps under 1% are everyday: fees and the gap between buying and selling prices take up most of them.
GMX's last prices on 7 exchanges we read are within 0.36% of each other, so the price above isn't one exchange's quirk.
Part of a slide
−9.8% over 7 days and −17.3% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade GMX
Prices agree within 0.36% across these 7 exchanges.
- Bybit Most traded GMX/USDT $324.31K 24h volume Last price $7.15 −0.07% vs our price
- Binance GMX/USDT $199.94K 24h volume Last price $7.15 0.00% vs our price
- HTX GMX/USDT $112.37K 24h volume Last price $7.12 −0.36% vs our price
- MEXC GMX/USDT $58.07K 24h volume Last price $7.13 −0.22% vs our price
- KuCoin GMX/USDT $17.32K 24h volume Last price $7.13 −0.28% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About GMX
Overview
GMX is a decentralized exchange (DEX) that provides users with a platform to trade cryptocurrencies in a secure and efficient manner. Its primary mission is to enable users to access leveraged trading, spot trading, and derivatives trading without relying on centralized entities, thus promoting a more decentralized financial ecosystem. One of GMX's distinguishing features is its multi-chain availability, operating on both the Avalanche and Arbitrum networks, which allows for faster transactions and lower fees. GMX also incorporates an innovative liquidity model that incentivizes liquidity providers through yield farming and governance token rewards, creating a sustainable ecosystem for traders and liquidity providers alike.
Technical Features
In terms of technical architecture, GMX utilizes an Automated Market Maker (AMM) model combined with an order book for improved price discovery and reduced slippage. GMX operates on a Layer 2 network, which allows for faster processing times and lower transaction costs compared to Layer 1 solutions. The platform employs a unique pricing mechanism based on a Chainlink oracle solution that aggregates market data to offer accurate pricing and minimize manipulation risks. GMX leverages smart contracts to ensure transparency and security in trades, enabling users to execute transactions with confidence. Furthermore, GMX employs robust security protocols and audits to safeguard user funds and maintain the integrity of the platform.
Use Cases
GMX has established itself as a vital player in the decentralized finance (DeFi) space, primarily focusing on derivatives and leveraged trading. Traders can access high leverage options to amplify their trading strategies and capitalize on market movements. In addition, GMX serves as a liquidity platform, allowing users to provide liquidity in exchange for passive income through transaction fees and token rewards. The governance model of GMX enables token holders to participate in decision-making processes regarding the future of the platform, fostering a community-driven approach. Moreover, GMX's integration with cross-chain technologies provides users with enhanced flexibility, enabling them to trade assets from different blockchains seamlessly.
Development Background
GMX was developed by a team of experienced professionals with backgrounds in finance, blockchain technology, and software development. The project was launched in September 2021, quickly gaining traction due to its innovative approach to decentralized trading. Notable contributors include industry veterans who have previously worked on successful blockchain projects. Since its inception, GMX has undergone various upgrades and enhancements, which have significantly improved the platform's functionality and user experience. The community-driven model of GMX has facilitated rapid growth and adoption, leading to valuable partnerships and integrations with other DeFi projects.
Community and Ecosystem
The GMX ecosystem is bolstered by a vibrant and active community that is dedicated to advancing the project. Community members engage in governance discussions, propose upgrades, and contribute to development efforts. GMX also collaborates with various DeFi and blockchain projects, creating a rich tapestry of partnerships that extend its utility. The platform's ecosystem includes various trading tools, analytics platforms, and educational resources aimed at empowering traders. Additionally, GMX supports third-party developers who wish to build applications on top of its infrastructure, further enhancing the ecosystem's capabilities.
Future Potential
Looking ahead, GMX has significant potential to impact the DeFi landscape positively. The continuous development of its platform, with the introduction of new features such as advanced trading instruments, cross-chain capabilities, and enhanced user experiences, positions GMX as a competitive player in the decentralized exchange market. The growing trend of decentralized finance and the demand for more secure and efficient trading solutions augur well for GMX's adoption and use. As the project expands its ecosystem and gathers more partnerships, its ability to provide users with access to innovative financial products will likely drive its growth and success in the coming years.
GMX market
- Position by market cap among the coins we track whose circulating supply is checked.
- #155
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $71.67M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $729.58K
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $6.88 High $7.51
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $91.07
- Now 8% of it Reached 18 Apr 2023 · Needs +1,174% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 10.02M GMX
- 76% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 10.74M GMX
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 13.25M GMX
- The most coins that can ever exist. Some coins have no limit.
GMX converter
1 GMX = $7.15