The GMX is a decentralized exchange protocol that deployed on two EVM chains, Arbitrum and Avalanche. The utiitty and governance token for its Arbitrum ecosystem is GMX, which generates 13% APR for the users. On the other hand, the token for the Avalanche ecosystem is GLP, which gives around 21% APR. GMX also has an API for developers to tap into its infrastructure.
GMTrade announced that GT Buyback Season 2 begins on September 28 at 00:00 UTC, with buybacks running daily. The launch follows the GT side of the GMX governance proposal outlined earlier, under which Solana-side protocol fees keep feeding the GT points pool.
GMX announced plans for staked $GMX to receive a second reward stream on top of existing staking rewards, designed to reward stakers who hold through the full period rather than farmers who jump in at the last moment.
In tandem with the new market-making fund, GMX published a proposal outlining everything it is building next across the protocol. The roadmap includes cross-collateral and cross-margin trading, a new USDG-based LP product line, market groups, net open interest, and RFQ-based trading.
A new front-end called Denaria now lets traders access GMX's on-chain markets from a mobile app on Arbitrum, covering crypto, commodities, ETFs, and equities trading 24/7. GMX has since pointed users to Denaria's detailed article for more on the mobile app, framing the release as its deep liquidity reaching traders through new interfaces.
The interface sits on top of the same liquidity the GMX protocol provides, part of a broader push making its 24/7 markets — including recent commodity and TradFi listings — accessible beyond the native app.
GM Labs is establishing a $10M market-making fund for the GMX token. The fund is financed from... [details were truncated in the source]
GMX shipped two app updates in early September. The Earn page now shows additional portfolio information and loads LP earnings significantly faster. The Progressive Web App received an improved dapp install dialog, an "Update Available" banner when a new version ships, plus various other optimizations. GMX directed users to its changelog for the full list and invited feedback on what's still missing.
GMX has rolled out live chat support directly in the GMTrade app, alongside existing in-app channels, so users can get answers quickly while a position is open.
GMX announced that its v2.2b contracts will be disabled on Monday, 14 September. The v2.2c upgrade has been live on Arbitrum, Avalanche, and MegaETH since July, and integrators still calling v2.2b contracts directly should migrate as soon as possible.
GMX's original lead developer, on X under the handle ZZZ, has stepped back from active development and now serves as an advisor to GMX. He confirmed personally that he deployed $ZZZ on Robinhood Chain over the weekend; the wallet used is not an active GMX deployer.
The GMX DAO's open-market buyback program continues its weekly cadence. It reacquired 23,720 GMX for ~$180,000 at ~$7.59 between August 26 and September 1, 2026. The program added 10,560 GMX for ~$65,000 at ~$6.16 in late July/early August, followed by 20,900 GMX for ~$135,000 at ~$6.46 in mid-August.
Program running total since March 5: 453,200 GMX rebought, with the buyback dashboard showing the annualized rate and value at the current market price.
Following a public recruitment with 20 applicants, the community member known as 'Q' was appointed as GMX Labs' first CEO, selected by the Interim Leadership Committee as a formal governance milestone for the protocol.
The DAO passed a plan that redirected all GMX staking rewards to the Treasury (effective March 4, 2026), deployed protocol earnings into open-market GMX buybacks, and restructured fragmented protocol liquidity.
GMX listed perpetuals for the Invesco QQQ Trust and SPDR S&P 500 ETF, its first TradFi markets, with 24/7 trading, up to 50x leverage, and Chainlink-priced feeds.
GMX released V2, its major protocol upgrade introducing isolated markets, GM liquidity tokens and lower fees, live on both Arbitrum and Avalanche.
GMX went live on Avalanche on January 6, 2022 as part of the Avalanche Rush incentives program, bringing its spot and perpetual trading to a second chain.
The decentralized spot and perpetual exchange went live on the Ethereum layer-2 Arbitrum network in September 2021, having previously operated as Gambit Financial on BNB Chain.
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