GMX
Perp DEX$8.174.19% 24h
Visit GMX ↗
Real yield
Pool-based perps with zero price impact on majors — earn real yield as an LP.
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For beginners
Simple mental model: pick a market, set leverage, trade.
Key metrics
24h volume
$2.79B
7d volume
$6.03B
Total value locked
$238.9M
Open interest
$160.7M
Share of tracked perp volume
8.5%
Market cap
$85.5M
Maker / taker fee
0.06% / 0.06%
Max leverage
50×
Trading pairs
225
Snapshot Oct 15, 2026 from public sources (the venue's own market API for volume and open interest, DefiLlama for TVL, CoinGecko for token price). Live values refresh in your browser where a source is available. Fields without a verifiable source show n/a.
The honest take
Pros
✓Earn real yield by providing liquidity to the pools
✓No order book — simple market orders for retail
✓Strong, loyal community
Cons
✕Limited number of tradable markets
✕Fees higher than the order-book venues
Made your choice?
Start trading on GMX
Non-custodial — connect your wallet and you stay in control of your funds. Leverage is high-risk; only trade what you can afford to lose.
ArbitrumAvalanchePerp DEX
Frequently asked about GMX
Is GMX safe to use?
GMX has a dexwatch security score of 82/100 (Solid). Published audits and reviews: ABDK, Guardian. Because it is non-custodial you keep control of your funds in your own wallet.
What are the trading fees on GMX?
GMX charges a maker fee of 0.06% and a taker fee of 0.06%.
What is the maximum leverage on GMX?
GMX offers up to 50× leverage on supported markets. High leverage is extremely risky and can liquidate a position quickly — only trade what you can afford to lose.
Which blockchains does GMX support?
GMX operates on Arbitrum, Avalanche.
Is GMX good for beginners?
Simple mental model: pick a market, set leverage, trade.
Head-to-head comparisons
Build your own →Compare with similar venues
See full ranking →Learn before you trade
Open the Academy →Figures are a dated snapshot from public sources — they move constantly and are for reference only, not financial advice. Updated Oct 15, 2026. Spotted an error? Tell us.