GMX Price: Live GMX Price Today | Market Cap & Chart Analysis

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GMX Live Price Overview

As of July 3, 2025, the GMX token is trading at $14.10**, reflecting a **+6.71% increase** over the past 24 hours. The cryptocurrency market continues to show momentum, and GMX remains a notable player within the decentralized finance (DeFi) ecosystem. With a current circulating supply of **10.20 million GMX tokens** and a maximum supply capped at **13.25 million**, GMX holds a market capitalization of **$143.46 million, ranking it #348 among all cryptocurrencies.

The 24-hour trading volume is currently unavailable, but recent price action indicates strong short-term performance. The highest price recorded in the last day was $14.11**, while the lowest dipped to **$13.04, suggesting moderate volatility with bullish sentiment prevailing.

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All-Time High and Low Performance

GMX reached its all-time high (ATH) of $91.07 on April 18, 2023—a testament to its rapid adoption during the peak of DeFi innovation. This surge was driven by growing interest in decentralized spot and perpetual exchanges, particularly those offering low-fee, zero-price-impact trading.

Conversely, the all-time low (ATL) of $9.61 was recorded on April 7, 2025, amid broader market corrections and macroeconomic uncertainty. Despite this downturn, GMX has demonstrated resilience, recovering to current levels and maintaining active engagement within its community.

These historical benchmarks are crucial for investors assessing long-term potential and volatility patterns.

What Is GMX?

GMX is the native utility and governance token of GMX, a decentralized spot and perpetual exchange built for high-performance trading on Arbitrum and Avalanche blockchains. Designed with DeFi users in mind, GMX enables:

At the core of GMX’s architecture is a multi-asset automated market maker (AMM) model that supports both spot and derivatives markets. This innovative structure allows traders to execute large orders without slippage—a rare feature in decentralized platforms.

To ensure accuracy and security, GMX integrates Chainlink oracles for real-time price feeds sourced from multiple centralized and decentralized exchanges.

Key Use Cases of the GMX Token

The GMX token serves two primary functions within the ecosystem:

1. Governance

Token holders can participate in protocol decisions by voting on proposals related to upgrades, fee structures, and new features. This decentralized governance model empowers the community to shape the platform’s evolution.

2. Staking

Users can stake GMX tokens on either Arbitrum or Avalanche networks to earn rewards. These rewards come from platform-generated fees, including trading and borrowing costs.

Stakers have two options:

This staking mechanism incentivizes long-term holding and strengthens network security.

GMX Price History and Market Trends

Since its launch in September 2021 at $15.73 on Arbitrum, GMX has experienced significant price fluctuations aligned with broader crypto market cycles.

After an initial dip to $11.97**, the token began a strong upward trajectory, reaching **$62.10 in January 2022—just months before the broader bear market took hold. Throughout 2022 and into 2023, GMX faced downward pressure, bottoming out at $11.53 in June 2022.

However, strong fundamentals and growing adoption helped fuel a recovery. The April 2023 ATH of $91.07 reflected heightened confidence in GMX’s ability to deliver scalable DeFi solutions.

While the price has since cooled, current levels suggest stabilization and ongoing investor interest—especially given its unique value proposition in the derivatives space.

GMX Tokenomics Breakdown

The total supply of GMX is fixed at 13.25 million tokens, though additional minting is possible through governance proposals with a mandatory 28-day timelock—ensuring transparency and preventing abrupt inflation.

Distribution of GMX tokens is structured as follows:

This allocation emphasizes decentralization and long-term sustainability, with significant portions tied to user incentives and ecosystem development.

Who Are the Founders Behind GMX?

GMX originated from the merger of several projects—XVIX, XLGE, GMT, and xGMT—evolving from the earlier Gambit Protocol, which operated on BNB Chain before migrating to Arbitrum for improved scalability and lower fees.

While GMX operates as a decentralized protocol, key figures involved in its development include:

Both individuals are signers on the 2-of-3 multisig wallet managing critical protocol functions, ensuring secure and collaborative oversight during early stages.

How to Store GMX Safely

GMX is available on two major blockchain networks: Arbitrum and Avalanche. To store GMX securely, users can utilize compatible wallets such as:

For maximum security, especially for long-term holdings, it is recommended to use a hardware wallet and keep private keys offline.

Where Can You Buy GMX?

GMX is listed on multiple top-tier cryptocurrency exchanges. One of the most accessible platforms for purchasing GMX is via spot trading pairs such as GMX/USDT.

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Frequently Asked Questions (FAQ)

What is the current price of GMX?

As of July 3, 2025, GMX is trading at $14.10. The price has increased by 6.71% in the last 24 hours, with a daily range between $13.04 and $14.11.

How many GMX tokens are in circulation?

There are currently 10.20 million GMX tokens in circulation, with a maximum supply limit of 13.25 million.

Is GMX built on Ethereum?

GMX is not directly on Ethereum but operates on Arbitrum, an Ethereum Layer 2 scaling solution, and also supports the Avalanche blockchain for cross-chain functionality.

Can I stake GMX tokens?

Yes, you can stake GMX on Arbitrum or Avalanche to earn rewards from platform fees. Rewards can be withdrawn or compounded for higher returns over time.

What makes GMX different from other DeFi platforms?

GMX stands out due to its zero-price-impact trading, 30x leverage on perpetual contracts, multi-asset AMM design, and integration with Chainlink oracles for reliable pricing—all optimized for performance and user experience.

Is GMX a good long-term investment?

While past performance doesn't guarantee future results, GMX's strong technical foundation, active community governance, and unique trading features make it a compelling option for investors interested in next-generation DeFi platforms. Always conduct personal research and consider risk tolerance before investing.

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