GMX Price
gmx
Price Statistics
GMX Live Price Summary
As of May 23, 2026, the total market cap is $70.33M with a change of -2.67% in the last 24 hours. The price of GMX today is $6.77. The 24 hour trading volume is $4.55M. The circulating supply of GMX is 10.40M with a maximum supply of 13.25M. GMX ranks 381 by market cap. The highest price in the last 24 hours is $6.99. The lowest price in the last 24 hours is $6.71.
GMX price analysis by TradeGPT
- GMX is experiencing a clear structural broad-range fluctuation, with the trading range located between $6.
- 5 and $7.
- 1.
- Bitcoin’s trajectory and overall market risk appetite are the primary drivers of short-term volatility.
- Institutional interest in GMX allocation remains stable, but there is a lack of influx from trending speculative funds.
- Trading liquidity tends to decrease during holidays, which intensifies the risk of amplified volatility from sudden market moves.
- Operation recommendations: strictly control position size, pay close attention to the $6.
- 5 support and $7.
- 1 breakout; it is advised to accumulate at the lower boundary and reduce at the upper boundary.
- If the range is broken, decisive stop-loss should be implemented to avoid net value damage caused by extreme market moves.
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GMX News
PA Daily | Waller sworn in as Fed Chair; US SEC delays release of stock tokenization innovation exemption policy.
Preserving the European Central Bank’s credibility is a strong argument in favor of an interest-rate increase next month, according to Governing Council member Yannis Stournaras.
On Walsh's first day in office, the market gave a "stern warning": expecting interest rate hikes this year.
Trump "assists" Walsh in officially taking office; beyond the AI betting game, the independence of the Federal Reserve becomes a more pressing battle.
What Can You Do With GMX?
About GMX (GMX)
What Is GMX (GMX)?
GMX is the utility and governance token for the GMX decentralized spot and perpetual exchange.
As a platform, GMX capitalizes on decentralized finance (DeFi) to allow leveraged trading, market making, swapping tokens at low fees, and zero–price impact trading. It uses a unique, multi-asset automated market maker (AMM) model to provide liquidity for spot trading and derivatives. High-quality price feeds on GMX are supported by Chainlink oracles that source dynamic price data from various exchanges.
Its 30x extended perpetual futures trading, attractive rewards for liquidity providers and stakers, zero–price impact trades and low swap fees have made GMX particularly attractive to DeFi users.
What Is GMX Used For?
The two key roles of GMX tokens on the platform’s ecosystem are governance and staking.
GMX token holders can vote on various proposals designed to improve the GMX network. Additionally, you can stake GMX on Arbitrum or Avalanche to earn rewards. You can redeem your GMX staking rewards into your wallet, or compound them to increase the rewards that you receive.
GMX Price
GMX has been performing fairly well since its September 2021 launch on Arbitrum at $15.73. After a slight drop to $11.97 that month, the token began a steady ascent, hitting its highest price of $62.10 in January 2022.
In tandem with the bear market conditions that have persisted for most of 2022, the price gradually dropped to an all-time low of $11.53 in June. However, it bounced back remarkably well in the following months, and seems to be on a strongly bullish ascent.
GMX Tokenomics
The maximum supply of GMX stands at 13.25 million tokens, but more can be minted through a governance vote with a 28-day time lock. The current GMX circulating supply is around 8 million (as of Sept. 2022), which can vary depending on the number of tokens that are vested.
GMX is distributed as follows:
- 7.5% to pre-sale participants
- 45.3% for absorption by token holders who decide to migrate to GMX following GMX’s rebranding from Gambit and the XVIV token merge
- 15.1% for the Floor Price Fund
- 30.2% divided equally for liquidity and reserve
- 1.9% for marketing and partnerships
Who Is the Founder of GMX?
GMX was created following the merge of XVIX, XLGE, GMT and xGMT to form the GMX token. The network's roots can be traced to Gambit Protocol, which previously operated on BNB Chain (then Binance Smart Chain). However, Gambit’s community voted to migrate the protocol to Arbitrum, an Layer 2 solution on Ethereum.
Two of the names that authorize the 2-of-3 multisig wallet associated with GMX are Benjamin Simon (co-founder and CEO of Stealth Crypto) and Krunal Amin (Founder and CEO of UniDex).
Read more: GMX: Decentralized Spot and Perpetual Exchange
How to Store GMX
Since GMX is deployed on the Arbitrum and Avalanche blockchains, you can store GMX tokens in wallets compatible with them, such as Metamask and Trust Wallet. You can also safely store GMX in hardware wallets such as Ledger Nano X.
Where to Buy GMX
You can buy GMX from any top crypto exchange, including Bybit. On Bybit, you can trade GMX/USDT on the spot market.
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Frequently Asked Questions about GMX(GMX)
- As of May 23, 2026, GMX (GMX) is trading at $6.77.
- In the last 24 hours, the lowest price is $6.71, and the highest price is $6.99, with a trading volume of $4.55M.
- The market cap is $70.33M, ranking it #381 among all cryptocurrencies.
Disclaimer
Investments in cryptocurrencies, including but not limited to purchasing GMX and other digital assets through Bybit, carry significant market risk. Should the digital asset you are seeking not be currently available on Bybit, please be advised that it will be introduced in the near future. Bybit disclaims all liability for any results or outcomes of such investments. The information regarding pricing and other relevant data presented herein is derived from publicly available sources and should not be construed as financial advice or a recommendation, or an offer to buy, sell, or hold any form of digital assets. Investors are urged to thoroughly evaluate their financial capacity for trading or holding digital assets and are advised to seek consultation from qualified legal, tax, or investment professionals based on individual circumstances. For comprehensive details, please review Bybit's Terms of Service.
Price History (USD)
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