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GMX

GMX GMX328

Currency:
🇺🇸 USD
🇺🇸 USD - US Dollar
🇨🇳 CNH - Offshore Chinese Yuan
🇯🇵 JPY - Japanese Yen
🇰🇷 KRW - South Korean Won
🇭🇰 HKD - Hong Kong Dollar
🇦🇺 AUD - Australian Dollar
🇪🇺 EUR - Euro
🇨🇭 CHF - Swiss Franc
🇬🇧 GBP - British Pound
🇨🇦 CAD - Canadian Dollar
🌐 TWD - Taiwan Dollar
🇲🇾 MYR - Malaysian Ringgit
🇸🇬 SGD - Singapore Dollar
🇳🇿 NZD - New Zealand Dollar
$ 5.92
+$0.387 +6.54%
$5.99
24H High
$5.54
24H Low
$90.89
All-Time High
$4.88
All-Time Low
875.60K
24H Volume
$5.05M
24H Turnover
13.25M
Total Supply
$61.78M
Market Cap
8.12%
24H Range
10.44M
Circ. Supply
$5.57
Prev Open (UTC+8)
$5.68
Prev Close (UTC+8)
78.76%
Circulation Ratio

GMXMarket

  • Trend
  • K-Line

GMX Summary

GMX is the native token of the GMX protocol, a decentralized perpetual futures and spot trading platform. It is deployed on both Arbitrum and Avalanche, offering users low-slippage trading experiences. A core feature of the GMX protocol is its unique multi-asset liquidity pool model, which underpins its trading functionalities.

Liquidity providers play a crucial role in the GMX ecosystem by contributing assets to these liquidity pools. In return for their contributions, they are able to earn trading fees generated by the platform. This mechanism incentivizes participation and ensures sufficient liquidity for traders.

The GMX token itself serves multiple purposes within the protocol. Holders can stake GMX to earn a share of the protocol's revenue, which aligns their interests with the platform's success. Additionally, GMX holders are granted governance rights, allowing them to participate in important decisions regarding the protocol's future development and parameters. This dual utility of revenue sharing and governance makes GMX a central component of the decentralized derivatives landscape.

GMXNews

All Newsflash Article
  • GMX Perpetual Contracts and the M87 Token: Opportunities and Challenges in the Crypto Derivatives Market

    Perpetual contracts, as a key tool in the crypto market, are profoundly transforming the global financial landscape. This article will delve into the core mechanisms of GMX, a decentralized perpetual contracts platform, as well as the advantages and potential risks associated with its GLP liquidity pool model. It will also introduce M87, the utility and governance token of the Messier ecosystem, and discuss its trading activity. The article will also provide a comprehensive analysis of the opportunities currently facing the crypto derivatives market—such as high leverage, 24/7 trading, and the benefits of decentralization—as well as challenges including regulatory uncertainty, high liquidation risks, and security issues.

    GMX Perpetual Contracts and the M87 Token: Opportunities and Challenges in the Crypto Derivatives Market
Current Location: Home > Cryptocurrency Rankings > GMX (GMX)
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