GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
GMX SOL/USD Pool Delivers 32.52% APR with 90% Utilization
🚀 32% APR Revealed
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 Labs Leadership Update Proposal Goes to Vote
GMX has launched a new governance proposal on Snapshot titled **"GMX Labs Leadership Update"** for tokenholder voting. This follows a series of recent governance activities: - A **GMX Labs Funding Proposal (2026-2027)** advanced to Phase 4 on Tally - Proposals addressing CEX supply concerns and price discovery mechanisms - Dynamic BBD adjustment proposals for APR capping - Marketing and trader incentive programs Tokenholders can cast their votes at [Snapshot](https://snapshot.box/#/s:gmx.eth/)
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 Q3 Report Released by TokenTerminal on Binance Square
**GMX Q3 financial report** now available on Binance Square, published by data analytics platform TokenTerminal. The report provides insights into the **decentralized exchange protocol's performance** during the third quarter. - GMX operates on Arbitrum and Avalanche networks - Offers yield opportunities for token holders - Report accessible through [Binance Square](https://www.binance.com/en/square/post/33454137963122) TokenTerminal specializes in **crypto project analytics** and financial data compilation. Check the full report for detailed metrics and performance analysis.
🚀 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.
GMX Buyback Program Continues with 34,500 Tokens Repurchased
**GMX maintains steady token buybacks** under its Buyback & Distribute model, repurchasing over 34,500 GMX tokens in the past week. The program directly **rewards GMX stakers** through token distribution, though staking APR has declined from 31.52% to 22.14% compared to the previous week. - Current staking APR: **22.14%** - Weekly buyback: **34,500+ GMX tokens** - Previous week's buyback: 41,700 tokens The consistent buyback activity demonstrates GMX's commitment to **returning value to token holders** through its systematic reward mechanism.