GMX June 2025 Updates Roundup
GMX June 2025 Updates Roundup
🚀 GMX Just Did What?
GMX announces several major platform developments in June:
- GMX Express Launch: New feature eliminates gas top-ups and reduces wallet interactions
- Enhanced LP Opportunities: New analytics show strong performance for GM and GLV
- Botanix Integration: Now supporting Bitcoin trading and earning with self-custody
- New Markets: Added support for Curve, Pi, Moodeng, and Monero trading
- Education Initiative: Launched comprehensive builder curriculum on Updraft
- AI Competition: Hosting Code vs Coin competition for AI trading agents
Platform reaches significant milestone in total trading volume while expanding ecosystem features and educational resources.
8 major GMX updates you may have missed in June: 🧵 1️⃣ GMX Express is now live. Skip gas top-ups, congested RPCs, and excessive wallet pop-ups. Trade with seamless flow: x.com/GMX_IO/status/…
Introducing: GMX Express. A major upgrade to the onchain trading experience, now live on @Arbitrum and @Avax. GMX Express delivers a faster, more reliable, and frictionless way to trade — even during periods of high network congestion. Here’s all that it offers users 👇 1/7 🧵
GMX V1 Security Incident: $42M Secured, $5M Bounty Paid
A security vulnerability in GMX V1's codebase led to a potential exploit risk of $42 million from GLP holders. The issue was related to short average price calculations specific to V1. Key developments: - Trading on GMX V1 and GLP operations were suspended on both Arbitrum and Avalanche - White hat hacker (0xDF334...5221) helped secure the at-risk funds - $5M bounty paid; remaining funds transferred to GMX Security Multisig - GMX V2 remained unaffected The GMX team is preparing a distribution plan for the recovered funds, which will be presented to the GMX DAO. A detailed post-mortem analysis is forthcoming.
GMX Launches on Botanix: Bitcoin DeFi with Self-Custody Trading
GMX has launched on Botanix, a Bitcoin Layer 2 blockchain, enabling self-custody BTC trading and yield opportunities. Key features: - Direct long/short trading using staked Bitcoin as collateral - Available tokens: BTC, pBTC (wrapped), stBTC (earns 50% of network fees), USDC.e - Liquidity provision options with stBTC or stBTC/USDC.e pairs - Double yield potential through staking and liquidity provision Users can bridge from Bitcoin or EVM chains to access these features. The platform offers the first fully decentralized Bitcoin L2 trading experience secured by the Bitcoin network. [Try GMX on Botanix](http://app.gmx.io)
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.