DEX comparison
GMXvsApeX Protocol
Pool-based perps with real LP yield against a no-KYC, low-friction order-book venue across several L2s.
At a glance
Higher 24h volume
ApeX Protocol
$1.20B
Lower taker fee
ApeX Protocol
0.05%
Deeper liquidity (TVL)
GMX
$480.0M
Longer track record
GMX
since 2021
dexwatch score
GMX
84/100
Full comparison
Every figure is an approximate snapshot from public trackers. “Best” marks the stronger value in a row — higher volume or liquidity, lower fees, longer track record. Max leverage is shown as information, not a positive.
| Exchange | $GMX ★★★★★★★★★★84/100Solid | $APEX ★★★★★★★★★★82/100Solid |
|---|---|---|
| Type | Perp DEX | Perp DEX |
| Chains | ArbitrumAvalanche | ArbitrumBNB ChainBase |
| 24h volume | $420.0M | $1.20BBest |
| 7d volume | $2.90B | $8.30BBest |
| Total value lockedLiquidity depth | $480.0MBest | $38.0M |
| Token price | $18.90 | $0.780 |
| 24h change | 2.90% | 1.10% |
| Market cap | $195.0M | $180.0M |
| Maker feeNegative = rebate | 0.06% | 0.02%Best |
| Taker feeLower is cheaper | 0.06% | 0.05%Best |
| Max leverageHigher = riskier | 50× | 50× |
| Trading pairs | 38 | 58Best |
| LaunchedLonger track record | 2021Best | 2022 |
| Security scoredexwatch estimate | 82/100Best | 76/100 |
| Audits | ABDKGuardian | BlockSec |
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GMX vs ApeX Protocol FAQ
Which has higher trading volume, GMX or ApeX Protocol?
ApeX Protocol — about $1.20B in the last 24 hours versus $420.0M on GMX. Figures are an approximate snapshot and move constantly.
Is GMX or ApeX Protocol cheaper to trade?
ApeX Protocol has the lower headline taker fee at 0.05%, versus 0.06% on GMX. Network gas and price impact still apply on top.
Which has deeper liquidity, GMX or ApeX Protocol?
GMX holds more total value locked ($480.0M versus $38.0M), a rough proxy for how much size a market can absorb.
What's the main difference between GMX and ApeX Protocol?
GMX is a perp dex on Arbitrum, Avalanche, while ApeX Protocol is a perp dex on Arbitrum, BNB Chain, Base. Match the venue to the chain and assets you actually use.
What are perpetuals & perp DEXes?Leverage risk & liquidationDEX trading fees: maker/taker & pool feeperpetualleveragefunding rate
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