The GMX token continues to attract attention in the decentralized finance (DeFi) space, offering users exposure to one of the most innovative perpetual trading protocols on Arbitrum and Avalanche. As of today, GMX (GMX) is trading at $14.0822**, showing a 6.21% increase over the past 24 hours. With a market capitalization of **$141.45 million and strong on-chain fundamentals, GMX remains a key player in the DeFi derivatives ecosystem.
GMX Price Statistics: Real-Time Data
Below is a comprehensive overview of the current performance metrics for GMX:
- Current Price: $14.0822
- 1-Hour Change: +1.05%
- 24-Hour Change: +6.21%
- 7-Day Change: +2.21%
- 30-Day Change: -14.52%
- Market Cap: $141,448,485
- 24-Hour Trading Volume: $6,427,152
- All-Time High (ATH): $91 (April 18, 2023)
- All-Time Low (ATL): $11.53 (June 15, 2022)
- Circulating Supply: 10,044,469 GMX
- Total Supply: 10,044,469 GMX
- Max Supply: 13,250,000 GMX
GMX has seen moderate volatility over the last month, with a high of $18 and a low of $13 within the past 30 days. Despite being down significantly from its all-time high—currently sitting about 84.5% below ATH—the token shows signs of stabilization amid growing platform adoption.
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Recent GMX Price Movement Analysis
Over the past week, GMX has traded between $13 and $14, indicating consolidation after a broader market correction. The 24-hour high was recorded at $14, while the low dipped to $13. This tight range suggests investor caution but also underlying support near the $13 level.
In the last 30 days, GMX experienced a decline of 14.52%, largely influenced by macroeconomic pressures and reduced speculative activity in DeFi tokens. However, the recent 6.21% surge in 24 hours hints at renewed buying interest, possibly driven by increased trading volume on decentralized exchanges or positive sentiment around protocol developments.
Looking deeper into historical price action:
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| July 1 | $13.96 | $13.96 | $13.03 | $13.16 | 6,703,955 |
| June 30 | $14.29 | $14.45 | $13.76 | $13.96 | 10,944,248 |
| June 29 | $14.00 | $14.32 | $13.58 | $14.28 | 5,940,415 |
The data reveals heightened volatility on June 30, with trading volume spiking above 10 million—nearly double the average—suggesting institutional or whale-level activity.
What Is GMX? Understanding the Protocol
GMX is the native governance and utility token of GMX, a decentralized perpetual exchange available on Arbitrum and Avalanche blockchains. It enables users to trade spot and perpetual contracts with up to 50x leverage while earning rewards through staking and liquidity provision.
Key features include:
- Zero-price impact trades for popular assets
- Low fees and high execution speed
- GLP pool: A diversified liquidity pool that earns traders’ losses and swap fees
- GMX staking: Users stake GMX to earn escrowed GMX (esGMX) and native fees
The protocol’s unique model rewards long-term holders and liquidity providers, creating sustainable incentives aligned with platform growth.
Where to Buy GMX: Secure & Reliable Options
While direct exchange listings vary by region, GMX can be purchased on several major cryptocurrency platforms. Most traders opt for USDT or ETH trading pairs such as GMX/USDT or GMX/ETH.
Popular exchanges where GMX is listed include:
- Binance
- Bybit
- OKX
- Bitget
- WhiteBIT
Always ensure you're using secure wallets like MetaMask or Trust Wallet when transferring tokens off-exchange.
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Global GMX Price Conversion
GMX is globally accessible, and its value remains consistent across fiat denominations based on real-time USD rates:
- 1 GMX = ¥100.80 CNY
- 1 GMX = €11.93 EUR
- 1 GMX = £10.24 GBP
- 1 GMX = ₹1,204.71 INR
- 1 GMX = ¥2,019.15 JPY
- 1 GMX = $14.08 USD
These conversions are useful for international investors assessing portfolio values or planning entry points.
Frequently Asked Questions (FAQs)
What is the current price of GMX?
As of today, GMX is trading at $14.0822**, with a 24-hour trading volume of over **$6.4 million.
What is the all-time high for GMX?
GMX reached its peak price of $91 on April 18, 2023, during a surge in DeFi optimism and increased platform usage.
How many GMX tokens are in circulation?
The circulating supply of GMX is 10,044,469, which matches the total supply. The maximum supply cap is set at 13,250,000, meaning approximately 76% of tokens are already in circulation.
Is GMX a good investment?
GMX offers exposure to a leading DeFi derivatives platform with real yield mechanisms. While it remains volatile and currently far from its ATH, long-term investors may find value in its staking rewards and ecosystem growth potential.
How does GMX generate revenue for holders?
Holders earn income through two main streams:
- Staking rewards: Earn esGMX and fee rebates by locking GMX
- GLP pool yields: Earn from trader losses and swap fees via liquidity provision
Where can I track GMX’s on-chain activity?
Use blockchain explorers like Arbiscan (for Arbitrum) or Snowtrace (for Avalanche) to monitor transactions, smart contract interactions, and wallet holdings.
Key Milestones in GMX’s Development
Since its launch, GMX has achieved several critical milestones that have shaped its trajectory:
- September 13, 2021: GMX officially launched on Arbitrum One and Avalanche C-chain.
- January 16, 2022: Reached an early peak of $62.10 amid growing interest in DeFi derivatives.
- June 15, 2022: Hit an interim low of $11.53 during the broader crypto market downturn.
- November 19, 2022: Announced as a launch partner with Camelot Protocol, enhancing cross-chain integration.
- April 18, 2023: Achieved all-time high of $91 on strong volume and user growth.
These events reflect both market cycles and strategic partnerships that continue to influence investor confidence.
👉 See how GMX compares with other top DeFi tokens in performance and utility
Final Thoughts: Is GMX Poised for Recovery?
Despite being down over 84% from its all-time high, GMX maintains a solid foundation due to its innovative protocol design and consistent revenue generation for stakers. With increasing adoption of perpetual DEXs and growing interest in yield-bearing assets, GMX could see renewed momentum in 2025 if market conditions improve.
Investors should monitor key levels:
- Support Zone: $13–$13.50
- Resistance Level: $16–$18
Technical rebounds combined with fundamental upgrades could pave the way for a sustainable recovery.
Whether you're a trader seeking leverage or a long-term holder aiming for passive income, understanding GMX’s mechanics and market position is crucial for informed decision-making.
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