GMX Price
gmx
Price Statistics
GMX live price summary
As of Oct 28, 2026, GMX has a total market cap of $90.94M, representing a +6.20% change over the past 24 hours. The current price of GMX is $8.51, while the 24-hour trading volume stands at $3.20M. The circulating supply of GMX is 10.69M, with a maximum supply of 13.25M. By market cap, GMX ranks 294 among all cryptocurrencies. Over the past 24 hours, GMX reached a high of $8.49 and a low of $7.89.
GMX price analysis by TradeGPT
- Currently, GMX faces short-term market pressure due to new regulations and protocol fee adjustments, with its price fluctuating within the 8.
- 0–8.
- 7 USDT range; 8.
- 0 USDT serves as a key support level.
- As Solana-side development incentives and buyback mechanisms are implemented, the long-term token value and ecosystem potential continue to strengthen.
- In the short term, it is advised to monitor the defense of the 8.
- 0 USDT level; if it holds firm and there is a volume breakout above 8.
- 4 USDT, a swing upwards could be triggered.
- In the medium to long term, consider accumulating positions on dips to increase allocation.
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GMX News
The account transfer feature will be suspended on October 28, and GMX reminds holders that they do not need to migrate manually.
Unstaking requires an application and a 180-day waiting period, with GMX staking on Arbitrum and Avalanche migrating to the new contract.
United Kingdom: Budget risks for fiscal headroom and rates - ING
Reuters survey: Global high inflation trend to persist into next year
What Can You Do With GMX?
About GMX (GMX)
What Is GMX (GMX)?
GMX is the utility and governance token for the GMX decentralized spot and perpetual exchange.
As a platform, GMX capitalizes on decentralized finance (DeFi) to allow leveraged trading, market making, swapping tokens at low fees, and zero–price impact trading. It uses a unique, multi-asset automated market maker (AMM) model to provide liquidity for spot trading and derivatives. High-quality price feeds on GMX are supported by Chainlink oracles that source dynamic price data from various exchanges.
Its 30x extended perpetual futures trading, attractive rewards for liquidity providers and stakers, zero–price impact trades and low swap fees have made GMX particularly attractive to DeFi users.
What Is GMX Used For?
The two key roles of GMX tokens on the platform’s ecosystem are governance and staking.
GMX token holders can vote on various proposals designed to improve the GMX network. Additionally, you can stake GMX on Arbitrum or Avalanche to earn rewards. You can redeem your GMX staking rewards into your wallet, or compound them to increase the rewards that you receive.
GMX Price
GMX has been performing fairly well since its September 2021 launch on Arbitrum at $15.73. After a slight drop to $11.97 that month, the token began a steady ascent, hitting its highest price of $62.10 in January 2022.
In tandem with the bear market conditions that have persisted for most of 2022, the price gradually dropped to an all-time low of $11.53 in June. However, it bounced back remarkably well in the following months, and seems to be on a strongly bullish ascent.
GMX Tokenomics
The maximum supply of GMX stands at 13.25 million tokens, but more can be minted through a governance vote with a 28-day time lock. The current GMX circulating supply is around 8 million (as of Sept. 2022), which can vary depending on the number of tokens that are vested.
GMX is distributed as follows:
- 7.5% to pre-sale participants
- 45.3% for absorption by token holders who decide to migrate to GMX following GMX’s rebranding from Gambit and the XVIV token merge
- 15.1% for the Floor Price Fund
- 30.2% divided equally for liquidity and reserve
- 1.9% for marketing and partnerships
Who Is the Founder of GMX?
GMX was created following the merge of XVIX, XLGE, GMT and xGMT to form the GMX token. The network's roots can be traced to Gambit Protocol, which previously operated on BNB Chain (then Binance Smart Chain). However, Gambit’s community voted to migrate the protocol to Arbitrum, an Layer 2 solution on Ethereum.
Two of the names that authorize the 2-of-3 multisig wallet associated with GMX are Benjamin Simon (co-founder and CEO of Stealth Crypto) and Krunal Amin (Founder and CEO of UniDex).
Read more: GMX: Decentralized Spot and Perpetual Exchange
How to Store GMX
Since GMX is deployed on the Arbitrum and Avalanche blockchains, you can store GMX tokens in wallets compatible with them, such as Metamask and Trust Wallet. You can also safely store GMX in hardware wallets such as Ledger Nano X.
Where to Buy GMX
You can buy GMX from any top crypto exchange, including Bybit. On Bybit, you can trade GMX/USDT on the spot market.
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Frequently Asked Questions about GMX(GMX)
- As of Oct 28, 2026, GMX (GMX) is trading at $8.51.
- In the last 24 hours, the lowest price is $7.89, and the highest price is $8.49, with a trading volume of $3.20M.
- The market cap is $90.94M, ranking it #294 among all cryptocurrencies.
Disclaimer
Disclaimer: Investing in crypto-assets carries significant market risk, including extreme volatility and the potential loss of your entire capital. Bybit disclaims all liability for investment outcomes. Nothing provided herein constitutes financial advice, a recommendation, or an offer to buy, sell, or hold digital assets. Investors must independently assess their financial capacity and are encouraged to consult professional advisors. For a comprehensive overview, please review our Risk Disclosure Document and Bybit EU´s Terms of Service.
Price History (USD)
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