GMX (GMX) price, chart, coin profile and news

Find the latest GMX (GMX) price, coin profile, news and history to get you started with GMX trading and investing.

GMX
GMX- USD
$19.41
- $1.45 ( - 6.95%)

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What is GMX?

GMX is a decentralised perpetual exchange (DEX) that offers optimal exchange prices and leveraged trading. Thanks to an integration with Arbitrum - an Ethereum layer-2 network - and the Avalanche blockchain, GMX offers minimal spreads, low trading fees, and zero price impact trades. Alongside traditional spot trading, GMX also offers users the ability to trade with up to 30x leverage on popular cryptocurrencies such as Bitcoin, Ethereum, and Avalanche. Traders can also open both long and short positions.

According to the project’s website, to improve the accuracy of pricing data and, therefore, minimise the risk of liquidations, the DEX has integrated with the decentralised data oracle, Chainlink, and applies a time-weighted average pricing mechanism from other leading DEXs. To accompany accurate pricing data, the platform has been designed to be intuitive and eye-catching for users unfamiliar with decentralised finance (DeFi) applications. All trading that takes place on the GMX exchange is supported by a multi-asset user-supplied liquidity pool, which is also used to collect and distribute a range of platform fees.

GMX is the platform’s utility and governance token. The token can be staked in the platform to earn a share of 30% of all transaction fees. Unlike other DEXs, fees collected by the platform are not solely distributed in the native token. Those staking GMX tokens will earn both AVAX - the native cryptocurrency of the Avalanche blockchain, and esGMX - otherwise known as escrowed GMX. esGMX rewards can be converted to GMX after a 1 year vesting period.

GMX (GMX) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $146,152,759. The current price of GMX is $27.5616, which is -9.186% lower than yesterday. Prices have ranged between $30.8592 and $27.5472 over the past 24 hours. All prices are listed in Australian dollars (unless otherwise noted) and accurate as of May 18, 2022 03:05 UTC.

Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

GMX (GMX) price

Use our graph to track the performance of (GMX) over time.

GMX at a glance

Information last updated May 18, 2022 03:05 UTC.
Coin symbol GMX
Coin Marketcap AUD$146,152,759
Total GMX supply 7,630,187
Circulating GMX 7,630,187
Current price AUD$27.5616
All time high AUD$128.7648
All time high date January 16, 2022

GMX price performance over time

Historical prices compared with the price of $27.5616.

1 hour -2.77%
24 hours -9.19%
7 days -30.78%
14 days -30.99%
30 days -45.38%
60 days -35.03%
200 days -51.16%
1 year N/A

Disclaimer: Cryptocurrencies, including GMX, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of GMX is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the GMX or any other cryptocurrency discussed.

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