GMX attracts over 14,000 liquidity providers earning from three revenue streams: market-making, swaps, and borrowing fees.
SOL/USD pool performance highlights:
- $11M in liquidity at ~90% utilization
- 32.52% Fee APR over the last month
- Extra 38% APR above benchmark (corrected from initial 3.8%)
- Significantly outperforming JLP
Key advantages for liquidity providers:
- Receive 63% of all trading fees
- Lower impermanent loss vs typical AMMs
- Consistently outperform benchmark LP positions
- Limited exposure to trader P&L due to balanced Open Interest
GMX V2 features:
- Balanced Open Interest through LP/trader incentives
- Adaptive Funding mechanism
- Generally positive long-term returns
Users can bridge SOL tokens to Arbitrum via PortalBridge and deposit directly into the SOL/USD pool.
Analyze performance data on the GMX V2 LP Analytics Dashboard.
Here are 7 essential updates from GMX this Summer: 1️⃣ Introducing GMX Express: fast onchain trading with an interruption-free, gasless user experience 2️⃣ 16 New Markets Live: AERO, BRETT, KAS, OKB, CVX, HBAR, CRO, ALGO, SPX6900, MNT, PUMP, XMR, MOODENG, PI, CRV, and DOLO 3️⃣
A new market is live on GMX: 🔸 CRO/USD (Cronos) Go Long or Short on the token from Cronos Chain, directly from your self-custody wallet. $CRO @Cryptocom 1/2
Long or Short the S&P 500 on GMX-Solana: now live.
GMXSOL has launched the first RWA Perpetual Contract Market – SPY/USD (S&P 500 ETF) 🚀 Prices powered by @chainlink and risk parameters provided by @chaoslabs . More RWA markets coming soon! Stay tuned.
Introducing a new market for traders and LPs: 🔸 AERO/USD from @AerodromeFi Trade AERO perps with up to 50x leverage and low fees, while minimising counterparty risk and enjoying fast onchain execution. 1/2 $AERO
Now Live: a new meme market for traders and liquidity providers: 🔸 SPX6900/USD Go Long or Short on #SPX6900 straight from your own wallet, and experience the optimised execution speed and UX of GMX on Arbitrum. 1/2
Arbitrum has launched DRIP, rewarding actions that help grow the DeFi ecosystem. Here's how GMX users benefit: 🔸On Morpho, our popular gmETH (WETH-USDC) liquidity token, with over $100 million in liquidity, is now eligible for incentives. 🔸On Dolomite, gmETH will soon qualify
Introducing DRIP - The DeFi Renaissance Incentive Program! A huge DeFi program that rewards real DeFi actions on Arbitrum, starting with Season 1: Leverage Looping Strategy 💧 Deposit ETH/stables 💧 Borrow & loop 💧 Repeat Join the Renaissance now 👇 arbitrumdrip.com
Four new perp markets are now live, bringing the total number of tradable assets on GMX to 87: 🔹 @MorphoLabs 🔹 @MoonwellDeFi 🔹 @AskVenice 🔹 @Chainlink 1/3 👇
Introducing a new market for traders and LPs: 🔸 KAS/USD - from the Kaspa blockchain Trade KAS perps with leverage, straight from your self-custody EVM wallet on GMX. No deposit required, minimal spread, low fees, and transparently fair pricing. $KAS @Kaspaunchained
Now Live: 🔸 CVX/USD Long or Short the @ConvexFinance token with up to 50x leverage, and enjoy the self-custodial onchain trading experience of GMX on Arbitrum. 1/2 $CVX
Introducing a new market on GMX for traders and LPs: 🔸 MNT/USD from @Mantle_Official Trade seamless MNT perpetual swaps directly from your self-custody wallet, no depositing required. Now live on @Arbitrum. $MNT 1/4
GMX Launches Deep Liquidity Perpetual Trading on Ethereum Mainnet

GMX has expanded its perpetual trading platform to Ethereum Mainnet, addressing a gap in DeFi's predominantly lending and staking-focused ecosystem. **Key Features:** - 100+ trading markets including cryptocurrencies and commodities (gold, silver, oil, natural gas) - Leverage up to 100x - Deep onchain liquidity for perpetual contracts **Partnership Highlight:** GMX serves as the primary execution venue for Doji, an onchain prop trading platform. Doji provides traders with capital for larger positions, with shared profit payouts. Five free evaluation accounts are reserved for GMX community members. The platform already supports over 1.3 million Base users with cross-chain execution under one second. Learn more at [app.gmx.io](http://app.gmx.io) or join Doji's community at [discord.gg/H6ysz2Nsav](https://discord.gg/H6ysz2Nsav).
GMX Sponsors Arbitrum Open House London with $415K Prize Pool

GMX has announced its official sponsorship of the Arbitrum Open House in London, featuring a substantial $415,000 prize pool for participants. **Event Details:** - **Dates:** July 10-12 (in-person), with a 3-week online Buildathon starting May 25th - **Location:** London - **Focus:** DeFi perpetuals trading and builder tooling **What Participants Can Expect:** - GMX contributors will be on-site to provide hands-on guidance - Technical workshops on DeFi Perps - Access to builder tools and infrastructure - Mentoring from the Arbitrum ecosystem - Opportunity to take projects from concept to mainnet **Competition Structure:** Early-stage teams can join the online Buildathon phase before competing for prizes and potential entry into the in-person Founder House in London. Applications are now open at [openhouse.arbitrum.io](http://openhouse.arbitrum.io/?utm_source=twitter&utm_medium=social&utm_campaign=oh-london-buildathon)
GMX Expands RWA Trading with Energy Commodities on Arbitrum

GMX has launched perpetual futures for three major energy commodities on Arbitrum: - **WTI Crude Oil** (WTIOIL/USD) - **Brent Crude Oil** (BRENTOIL/USD) - **Natural Gas** (NATGAS/USD) These markets join the recently launched 24/7 GOLD and SILVER perps under the RWA category. All markets feature: - Low trading fees (2-4 basis points) - 24/7 availability, including weekends - Price data via [Chainlink Data Streams](http://app.gmx.io) - Cross-chain accessibility through GMX Account The platform continues expanding into global markets, offering permissionless access to real-world assets without requiring brokerage accounts or custody arrangements.
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.