GMX DAO buyback tops 453,000 tokens reacquired
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.
Sources
- Visit the Buyback Dashboard to view the annualized rate, as well as the value at the current market price: https://t.co/8fouZoDrWl Replying to their earlier post: GMX DAO has reacquired 23,720 gmx:native for approximately $180,000 at an average price of ~$7.59 between August 26 and September 1, 2026. 🫐 Program Total (Mar 5 – Sep 1): 453,200 GMX tokens repurc…x.com ↗
- A biweekly update this time: The GMX DAO has reacquired 20,900 $GMX for ~$135,000 at an average of ~$6.46, between August 5–18, 2026. 🫐 Program Total (Mar 5 – Aug 18): 415,780 GMX tokens have been rebought on the open market for ~$2,6M, at a blended average of ~$6.25 🔵 https://t.co/WrpnZ8XqDFx.com ↗
- GMX DAO has reacquired 10,560 $GMX for ~$65,000 at an average of ~$6.16 between July 29–August 4. 🫐 Program Total (Mar 5 – Aug 4): 394,880 GMX tokens rebought for ~$2,465,000 at a blended average price of ~$6.24 🔵 https://t.co/fWX8pFt0hmx.com ↗
GMX
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.
