About GMX
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing. Dynamic pricing is supported by Chainlink Oracles along with TWAP pricing from leading volume DEXs.
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Trading Insights
Searched
9
Market Stats
Market Cap
₹13.02B
-0.53%
FDV
₹16.94B
Circ. Supply
10M GMX
Max Supply
13M GMX
Total Supply
10M GMX
Diluted Valuation
₹13.01B
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
₹742.55M
-40.7%
Volume (7D)
₹6.58B
Volume (30D)
₹19.78B
All time high
₹7.87K
Price Change (1Y)
-46.78%
Additional details
Recent trends
The latest GMX price is ₹1,278.27. Compared to GMX's value of ₹1,278.62 from 24 hours ago, there's been a -0% decrease, while the current price is -11% down from ₹1,426.12 which was recorded one week ago. GMX's all time high is ₹7,866.56, which was reached on April 18, 2023. This is a -84% change from its price today.
The current circulating supply of GMX is 10,178,387. This is 77% of its max supply of 13,250,000 GMX and 100% of its total supply of 10,178,387. The market cap is currently ₹13.02B, which is a result of multiplying the current price of GMX(₹1,278.27) by the total supply(10,178,387 GMX). The fully diluted valuation of GMX is ₹16.94B. The diluted valuation of GMX is ₹16.94B.
Market details
GMX vs markets
↘ 61.39%
GMX vs BTC
↘ 67.05%
GMX vs ETH
↘ 24.98%
Tags
decentralized-exchange-dex-token
defi
derivatives
dex
+1
Network & Addresses
Network | Address | |
|---|---|---|
Avalanche C-Chain | 0x62edc0692BD897D2295872a9FFCac5425011c661 | |
Arbitrum | 0xfc5A1A6EB076a2C7aD06eD22C90d7E710E35ad0a |
Price history
Time | Price | Change |
|---|---|---|
Today | ₹1,278.27 | ↘ 0.42% |
1 Day | ₹1,278.62 | ↘ 0.42% |
1 Week | ₹1,426.12 | ↘ 11.49% |
1 Month | ₹1,296.87 | ↘ 3.14% |
1 Year | ₹2,314.62 | ↘ 46.78% |
FAQ
GMX, originally launched as Gambit Exchange in September 2021, is a decentralized exchange (DEX) that aims to facilitate the trading of perpetual cryptocurrency futures. It aims to provide up to 50X leverage on various cryptocurrencies. GMX operates on the Arbitrum and Avalanche blockchains, connecting these ecosystems to the exchange via Synapse, a cross-chain bridge. With a total trading volume and a user base, GMX aims to be a participant in the derivatives DEX space on Arbitrum and Avalanche.
GMX employs an innovative approach to the automated market model (AMM) used by other decentralized exchanges. Instead of using an order book model, GMX features a native multi-asset pool, GLP, which aims to generate revenue for liquidity providers. GLP operates as a multi-asset liquidity pool comprising of various cryptocurrencies. Market prices are determined by Chainlink's oracles, which collect token price data. The GMX ecosystem is based on two tokens: GLP and GMX. GLP serves to supply liquidity and its price reflects the value of all GMX assets. GMX, on the other hand, is the utility and governance token of the platform.
GMX offers a unique opportunity for users to engage in leveraged trading of cryptocurrency futures. Users can add liquidity by minting GLP, and in return, they may receive a portion of all fees generated on the corresponding blockchain. This system aims to provide a potential avenue for liquidity providers, as they may receive compensation when traders incur losses. Furthermore, the GLP pool acts as a counterparty for traders, creating a dynamic and engaging trading environment. GMX, as the utility and governance token, allows holders to participate in the decision-making process of the platform, fostering a community-driven approach to development.
GMX was launched in September 2021 as Gambit Exchange. The founding team remains anonymous, with the lead developer known as @xdev_10. GMX operates on the Arbitrum and Avalanche blockchains, both of which offer unique security features. Arbitrum is a layer-2 blockchain that derives its security from the Ethereum network, while Avalanche employs a directed acyclic graph (DAG) protocol for transaction processing and validation. GMX contracts have been audited by ABDK Consulting, and there is an active bug bounty for GMX on Immunefi, which shows the platform's efforts towards security and transparency.
We update our GMX to INR currency in real-time. Get the live price of GMX on Coinbase.
The current market cap of GMX is ₹13.02B. A high market cap implies that the asset is highly valued by the market.
The all-time high of GMX is ₹7,866.56. This all-time high is highest price paid for GMX since it was launched.
Over the last 24 hours, the trading volume of GMX is ₹742.55M.
Assets that have a similar market cap to GMX include CoW Protocol, aelf, Holo, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of GMX is 10 million.
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GMX calculator
1 GMX (GMX) to Japanese Yen (JPY)
¥2,141.59
1 GMX (GMX) to Indian Rupee (INR)
₹1,278.27
1 GMX (GMX) to Real (BRL)
R$81.05
1 GMX (GMX) to Nigerian Naira (NGN)
NGN 22,817.62
1 GMX (GMX) to South Korean Won (KRW)
₩20,304.11
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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