GMX Achieves $280B Trading Volume with 729K Users
GMX Achieves $280B Trading Volume with 729K Users
📈 GMX's Wild Trading Spree
GMX's decentralized perpetual exchange has reached significant milestones in its trading operations:
- Trading Volume: $280 Billion in notional trading volume from 729,000 users
- Annual Performance: Generated $100M in fees and $32M in revenue over the past year
- Recent Peak: Earlier this year, GMX recorded one of its highest-volume weeks with:
- $1B+ daily volume
- $4.72B weekly volume
- Nearly 8,000 daily active users
Data source: TokenTerminal Dashboard
729,000 GMX users have managed to generate $280 Billion in notional trading volume. Over the past 365 days, GMX's multichain perpetual exchange generated about $100 Million in fees and earned nearly $32 Million in revenue. Learn more on @TokenTerminal: tokenterminal.com/explorer/studi…
GMX Expands Multi-Chain Presence with New Deployments and Integration Plans
GMX continues to strengthen its position as a leading permissionless perpetual exchange across multiple blockchains. Currently operational on Arbitrum, Avalanche, and Solana, the platform is set to expand further. Key developments: - Integration with LayerZero Core to enable cross-chain access to existing liquidity pools - Planned expansion to Berachain, Base, and BNB Chain - New hybrid deployment on Botanix Labs' Spiderchain (Bitcoin L2) approved by DAO vote - Platform currently manages ~$426M in liquidity - Processing billions in trading volume The platform offers competitive advantages including fast execution, user-friendly interface, and minimal fees. Recent launches include new single-sided liquidity pools on Avalanche and enhanced trading alerts.
GMX Revenue Surge Leads to Delayed Token Buybacks
GMX experienced a significant revenue increase, causing its buyback-and-distribute contract to face processing delays. The remaining balance will roll over to future weekly epochs for distribution to GMX holders. Key points: - Buyback process is fully transparent and verifiable on-chain - Affects both Arbitrum and Avalanche networks - Contract addresses: - Arbitrum: [View on Arbiscan](https://arbiscan.io/address/0x7EB417637a3E6d1C19E6d69158c47610b7a5d9B3) - Avalanche: [View on Snowtrace](https://snowtrace.io/address/0x1A3A103F9F536a0456C9b205152A3ac2b3c544902)
GMX Rolls Out Stop Market Orders and Enhanced Trading Features
GMX has implemented several key trading improvements: - Added Stop Market Orders support - Enabled chart-based drag & drop order editing - Optimized swap routing for spot and perpetual trades - Enhanced Trade UI with new dropdowns and clearer chart headers - Improved mobile experience with 24h volumes and position cards - Updated number formatting with k, m, b suffixes - Enhanced depth charts and PnL analysis - Clarified network fee calculations For feedback or support: [Telegram](https://t.me/GMX_IO) [Discord](https://discord.gg/H5PeQru3Aa) Learn more about GMX's 2025 roadmap on their [blog](https://gmxio.substack.com/p/gmx-development-plan-for-2025)
GMX Releases TypeScript and Python SDKs for Developer Integration
GMX has launched new Software Development Kits (SDKs) in TypeScript and Python, enhancing its trade and earn functionality integration capabilities. Key Features: - Read functions for markets, positions, tokens, orders, and trade history - Write functions for order management and creation - Battle-tested infrastructure ready for immediate implementation The protocol welcomes community contributions and actively seeks feedback for improvements. Developers can access documentation at docs.gmx.io/docs/api/sdk-v2. **Integration Made Simple** Start building on GMX's proven infrastructure today with comprehensive SDK support.
GMX Receives Arbitrum Security Grant for Protocol Enhancements
GMX has been awarded a grant from the Arbitrum Security Subsidy Fund to strengthen its protocol security and expansion plans. The grant will support three key initiatives: - Security audits for implementing Gasless Transactions - Audits for GMX Multichain expansion - Smart contract security reviews for Cross Margin implementation This development follows GMX's successful first wave of grants that supported 22 projects. The protocol currently serves as a foundational liquidity layer for Arbitrum, with nearly 100 DeFi projects integrated. *Key collaborators include Areta, Axis Advisory, and Daimon Law.*