GMX

Overview

GMX is a permissionless onchain decentralized exchange (DEX) that lets users trade more than 70 assets with up to 100x leverage directly from a self-custody wallet, offering both spot and perpetual futures markets. The protocol operates on Arbitrum, Avalanche, and Solana, and is working to enable multichain access from major EVM blockchains.

Trading liquidity is supplied through isolated GM pools and capital-efficient GLV vaults, allowing anyone to deposit assets as a liquidity provider and receive a share of the fees generated by the platform. The GMX token is used for protocol governance and staking, with stakers receiving a portion of the fees collected by the protocol.