GMX DAO Continues Token Buyback Program with $110K Purchase
GMX DAO Continues Token Buyback Program with $110K Purchase
🔵 GMX buyback continues
The GMX DAO acquired 18,650 GMX tokens for approximately $110,000 between April 8-14, 2026, at an average price of $5.90 per token.
Program Totals (March 5 - April 14):
- 124,420 GMX tokens reacquired
- Total investment: ~$790,000
- Blended average price: $6.35
The buyback program shows the DAO's ongoing commitment to token value management, with the latest purchase coming in below the program's average price point.
The GMX DAO has purchased 18,650 $GMX for approximately $110,000, with an average price of about ~$5.90, between April 8 and 14, 2026. 🫐 - Program Total (Mar 5 – Apr 14): 124,420 GMX tokens have been reacquired for roughly $790,000, at a blended average price of ~$6.35 🔵 1/2
GMX Slashes Trading Fees on 24/7 Gold and Silver Perpetuals to Industry-Low Rates
**GMX has reduced trading fees on its GOLD/USD and SILVER/USD perpetual markets to institutional-grade levels.** - Trading fees now **1-2 basis points** during CME market hours on Arbitrum - When contributing to open interest balance: **2 bps total** for opening and closing positions - When adding to skew: **4 bps** The 24/7 precious metals markets are listed under the RWA category and searchable by name (GOLD, SILVER) or ticker (XAU, XAG). Markets crossed **$10M in volume within 24 hours** of launch. **Key features:** - Powered by [Chainlink Data Streams](http://app.gmx.io) with sub-second latency - Accessible cross-chain via GMX Account - No brokerage account or custody required More commodities and asset classes under evaluation. [Trade on GMX →](http://app.gmx.io)
GMX Adjusts Leverage Caps for Metals Trading During Off-Hours
**Key Changes for Metals Traders:** - **Liquidation threshold tightens** from 200x to 100x during off-hours - Positions exceeding the cap **cannot be increased**, only reduced - Thresholds **return to normal** when regular trading hours resume **Action Required:** Traders should manage position sizes before CME close if operating near maximum leverage to avoid restrictions. **Trading Parameters:** - GOLD/USD and SILVER/USD offer up to **100x leverage during CME hours** - **25x leverage cap** applies outside standard hours - Standard fee rates apply during off-hours - Powered by sub-second Chainlink Data Streams pricing - No expiry dates, self-custody maintained [Full details](https://docs.gmx.io/docs/trading/overview/#rwa-and-commodity-markets)
GMX Launches Gold Trading with Bitcoin Collateral Across Six Chains
GMX has introduced a new **XAUT/USD perpetual market** for trading Tether Gold with up to **25x leverage**. **Key Features:** - Available across **six blockchains**: Arbitrum, Ethereum, Base, BNB Chain, Solana, and Avalanche - Backed by **BTC-USDC liquidity**, allowing traders to use Bitcoin as collateral - Enables simultaneous exposure to both gold and Bitcoin price movements This synthetic perpetual contract expands GMX's asset offerings beyond traditional crypto markets. The cross-chain functionality allows users to trade from their preferred network while settling on Avalanche. The market uses XAUT, Tether's gold-backed token where each token represents physical gold reserves. Two liquidity pools support trading: a single-asset XAUT pool and a dual-asset XAUT-USDT pool. Traders can now access precious metals exposure while maintaining crypto collateral positions.
🚀 GMX Expands Multichain
**GMX accelerates multichain expansion** in Q4, bringing its decentralized trading infrastructure to major networks including: - Base - BNB Chain - Ethereum Mainnet - Additional EVM chains The protocol maintains its **core value proposition**: - Decentralized infrastructure - Oracle-based pricing reliability - Transparent, fair markets **Key improvements** include UX optimizations and horizontal scaling without liquidity fragmentation. With over **$330 billion in trading volume** from 728,000+ users, GMX's expansion preserves decentralization while scaling sustainably across the ecosystem.