GMX

GMX has rolled out several significant platform improvements across multiple user segments: **For Developers:** - New Builders page featuring SDK, REST API, and subgraph access - Earnings calculator tool added **For Traders & Affiliates:** - VIP rates now available with tiered benefits starting at $10m trading volume - Dedicated account manager support for qualifying users **Platform Enhancements:** - GMX Account feature allows deposits of any asset held on Arbitrum - Improved referral share cards for easier tracking - Trader profiles now accessible at /traders endpoint These updates build on recent changes to GMX's referral program, which introduced reward step-downs for affiliates, automatic VIP discounts for high-volume traders, and a new institutional tier.

GMX rolled out significant platform improvements in July, focusing on accessibility and user experience: **Key Features Added:** - Smart wallet integration for Express and One-Click trading - Enhanced swap routing transparency - GMX available as installable app - Passkey login authentication - In-app card funding with Apple/Google Pay support - Shareable performance cards - Reduced costs for take-profit/stop-loss order closures These updates streamline the trading experience on the decentralized exchange, making it more accessible to users while maintaining its core functionality across Arbitrum and Avalanche networks.

GMX has introduced a new Announcements page within its decentralized exchange application. The update brings additional functionality to the platform. **Key Updates:** - New dedicated announcements section added to the dapp - Enhanced user communication features - Available now at [app.gmx.io/#/announcements2/2](https://app.gmx.io/#/announcements2/2) The announcements page aims to keep users informed about platform updates and new features as they roll out. *Visit the dapp to explore the new announcements functionality.*

**Recent Activity (July 15-21, 2026)** GMX DAO reacquired 15,360 GMX tokens for approximately $100,000 at an average price of $6.51. **Program Performance Since March 5** - Total tokens repurchased: 371,940 GMX - Total spent: ~$2,315,000 - Blended average price: $6.22 per token **Price Trend Analysis** The buyback program shows varying acquisition prices: - July 15-21: $6.51 average - July 8-14: $5.86 average - July 1-7: $5.79 average - Q2 2026 overall: $6.18 average The DAO has maintained consistent buyback activity throughout the quarter, with the most recent purchases occurring at slightly higher prices compared to early July. The program demonstrates ongoing commitment to token value management through systematic market repurchases.

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 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 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 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 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 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.