GMX (GMX)

$28.86

+8.69%

Track GMX (GMX) with live charts and instant updates. Stay updated on GMX market trends, learn crypto trading, and engage with the dynamic digital finance landscape. Gain insights into the factors influencing GMX's price movements with comprehensive news coverage.

GMX (GMX) Price Real Time-Data

The live price of GMX (GMX) is $28.86 with a 24-hour trading volume of $36.41M. Its 24-hour peak value is $31.29, and its 24-hour low is $26.54. The current circulating supply is 9.89M GMX, leading to a fully diluted market capitalization of $285.45M. The GMX (GMX) to USD price is updated in real-time.

What is GMX (GMX)?

GMX is a decentralized exchange (DEX) launched in September 2021, offering trading of perpetual cryptocurrency futures with up to 50X leverage on popular cryptocurrencies like BTC, ETH, etc. It operates on Arbitrum and Avalanche blockchains.

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FAQ

Who are the founders of GMX (GMX)?

The founding team of GMX remains anonymous, but the lead developer is possibly known as @xdev_10 on Twitter.

How many GMX (GMX) are there?

The circulating supply of GMX is over 8.7 million tokens, with a maximum expected supply of 13.25 million. Distribution includes allocations for migration, liquidity, vesting, floor price fund, marketing, team, and more.

What are the potential use cases for GMX (GMX)?

GMX facilitates decentralized trading of perpetual cryptocurrency futures with leverage, using a multi-asset liquidity pool (GLP) for liquidity provision and trading fees. It offers low fees, perpetual trading with leverage, and a unique multi-token asset pool model.

What is the history of GMX (GMX)?

GMX, initially known as Gambit Exchange, launched in September 2021 as a leading decentralized exchange for trading perpetual cryptocurrency futures. It has since garnered a significant trading volume and user base, becoming a prominent derivatives DEX on Arbitrum and Avalanche blockchains.