GMX protocol
Overview
The GMX protocol operates as a decentralized exchange for spot and perpetual trading on the Arbitrum and Avalanche networks. It supports zero-slippage transactions and leverage up to 30x through a multi-asset liquidity pool designated as GLP. Governance of the protocol is conducted by holders of the GMX token, who receive fee income from the platform's revenue.
Within The Counterparty graph, GMX connects to 21 tracked entities, most strongly to Arbitrum, Avalanche, GMX Rolls Out 24/7 Gold and Silver Trading.
Relations
Top connections in The Counterparty knowledge graph (confidence-weighted, 10 of 21 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Arbitrum | 95% |
deployed_on | Avalanche | 95% |
mentions | GMX Rolls Out 24/7 Gold and Silver Trading | 95% |
mentions | Mitsui & Co.'s Crypto Arm Brings Tokenized Metals Asset Zipangcoin to OP Mainnet | 95% |
issued_by | GMX | 95% |
supports_token | esGMX | 95% |
integrates | Pyth Network | 90% |
launched | GMX v2 | 90% |
integrates | Chainlink Data Feeds | 90% |
risk_managed_by | Chaos Labs | 90% |
The dated record
1 dated entry on file, most recent first.
- Apr 2026 GMX Rolls Out 24/7 Gold and Silver Trading — GMX Rolls Out 24/7 Gold and Silver Trading Decentralized perpetual exchange GMX has launched 24/7 gold and silver markets on Arbitrum, drawing more than $10 million in trading volume on the first day,... thedefiant.io
Questions on the record
Which chains does GMX run on?
GMX deployed on Arbitrum in September 2021 and on Avalanche in early 2022.
How does GMX price trades?
Chainlink data feeds provide pricing for GMX V2 markets. Orders are created on-chain and executed asynchronously by keepers.