GMX Review
Liquidity pool + oracle · Arbitrum / Avalanche
24h volume
$480M
Open interest
$310M
TVL
$520M
Taker fee
0.07%
Markets
~45
Token
GMX
What is GMX?
GMX popularized the liquidity-pool perp model, where traders trade against a shared pool (GLP-style) at an oracle price on Arbitrum and Avalanche.
Who it's for
Swing traders and liquidity providers.
✅ Pros
- Battle-tested and widely trusted
- Passive LP yield opportunity
- Simple pool-based trading
- Multi-chain (Arbitrum, Avalanche)
⚠️ Cons
- Higher open/close fees than order books
- Price impact depends on pool depth
- Narrower market list (~45)
Compare GMX
See how GMX stacks up head-to-head.
GMX vs JupiterGMX vs DriftHyperliquid vs GMXdYdX vs GMXPerpmate vs GMXGMX vs VertexGMX vs GainsGMX FAQ
Is GMX safe to use?
GMX is a non-custodial perp DEX, so you trade from your own wallet and keep your keys. As with any leveraged trading there is liquidation and smart-contract risk, so verify official links and only trade what you can afford to lose.
What are GMX fees?
GMX charges around 0.07% taker fees. Always check the live fee schedule before trading.
What chain is GMX on?
GMX runs on Arbitrum / Avalanche using a liquidity pool + oracle model.