GMX Surpasses 2 Million Token Buyback Milestone with 11.94% Staking APR
GMX Surpasses 2 Million Token Buyback Milestone with 11.94% Staking APR
馃幆 2M tokens later
GMX has reached a significant milestone by repurchasing over 2 million tokens through its buyback-and-distribute program. The protocol leads all crypto projects in buyback activity, having repurchased the largest share of its total supply.
Key Details:
- Total buybacks: 2,031,625 GMX tokens
- Current staking APR: 11.94% for the next 7 days
- Average historical return: 21.59% for stakers
- Recent activity: ~16,800 GMX acquired in the past week
How It Works: The protocol converts its revenue into GMX tokens through market purchases and distributes them to stakers. Rewards accrue every block with no lock-up period required.
Staking is permissionless and accessible through the refreshed dApp at app.gmx.io/#/stake.
Notably, GMX has bought back the largest share of its total supply of all projects conducting buybacks. Staking is permissionless. There is no lock-up. Rewards accrue every block, and the APR updates weekly. Stake GMX in the refreshed dApp > app.gmx.io/#/stake
2026 begins with a milestone: over 2 million GMX tokens have now been repurchased. Under the DAO's buyback-and-distribute program, staking GMX earns rewards in GMX tokens. The protocol generates millions in revenue, which are swapped to GMX on the market, and shared with
In the past week, the GMX Buyback & Distribute Programme acquired ~16,800 GMX tokens from the open market. The yield for staking over the next 7 days is: 11.94% APR To date, a total of 2,031,625 $GMX have been repurchased, resulting in an average return of 21.59% for stakers.
馃寪 GMX Brings Forex Trading to Solana
GMX has expanded its decentralized exchange protocol to Solana, enabling users to trade major forex markets directly on-chain. **Key Details:** - Forex trading now available on GMX's Solana deployment - Follows the recent launch of GMTrade's mobile app for Solana trading - GMX previously operated on Arbitrum and Avalanche networks The integration brings traditional forex market access to Solana's ecosystem through GMX's decentralized infrastructure.
GMX Expands to 103 Perpetual Markets with SYRUP/USD and 0G/USD Additions
GMX has expanded its perpetual swap offerings across multiple chains: **New Markets Added:** - SYRUP/USD from [Maple Finance](https://twitter.com/MapleFinance1) - 0G/USD from [0G Labs](https://twitter.com/0G_labs) **Key Details:** - Total perpetual markets now at 103 - Available on Ethereum, Arbitrum, Base, and BNB Chain - Features low trading fees and minimal price impact - Transparent onchain pricing Traders can now long or short these new tokens across supported networks. Start trading at [app.gmx.io](http://app.gmx.io)
馃殌 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 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.