GMX

About GMX GMX is a non-custodial, permissionless decentralized spot and perpetual exchange operating on Arbitrum, Avalanche, Botanix, and MegaETH — enabling up to 100x leveraged trading directly from a user's wallet without account registration or KYC.

The protocol routes every order against GM and GLV multi-asset liquidity pools using Chainlink Data Stream oracle pricing, ensuring liquidations occur only at fair market prices — never at momentary spread spikes or manipulated ticks.

Liquidity providers earn 63% of all protocol fees on Arbitrum and Avalanche — generated from leveraged trades, swaps, liquidations, and borrowing — creating a self-sustaining, yield-generating DeFi infrastructure layer.

GMX's composable architecture has attracted 80+ ecosystem integrations, including AI agent trading plugins, TypeScript SDKs, and third-party vaults — making it a foundational base layer for DeFi derivatives infrastructure.

The protocol has facilitated over $290 billion in cumulative trading volume from 800,000+ traders, generating approximately $60 million in annualized protocol fees as of early 2026.

Governed by a DAO with 96%+ participation votes on major decisions, GMX is transitioning from a founder-led model to a structured executive leadership framework under a publicly recruited CEO.

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