G

GMX

GMX/USD #306 Crypto
$8.04+0.10%24h
24h Range
$7.87$8.29

GMX to USDT Converter

1 GMX = 8.0498 USDT · updated 06:22 UTC

Volume Bubbles Chart (1h)

Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.

Seasonal Chart

Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.

GMX Markets

Loading markets…

GMX Historical Data

About GMX (GMX)

GMX (GMX) is the utility and governance token of the GMX decentralized trading protocol. GMX documentation says 27% of fees from leverage trading, liquidations, borrowing and swaps are used to buy back GMX. The documentation also states that distribution of bought-back GMX to stakers is currently suspended. FMchart's price is a composite USD market figure from several exchanges.

A token for a decentralized trading protocol

GMX operates as an on-chain trading protocol with markets for leveraged and spot activity. The GMX token gives holders governance rights and can be staked. Protocol fees provide an economic link between activity on the platform and the token's buyback mechanism. The exact fee flows can depend on the protocol version and network.

Buybacks and fee allocation

GMX's current token documentation states that 27% of fees from leverage trading, liquidations, borrowing fees and swaps are used to buy back GMX on the open market. This mechanism was approved through DAO governance. The bought-back tokens are held in the treasury while distribution to stakers is suspended under the current rules.

Staking and the $90 threshold

GMX documentation says staking rewards are accumulating in the treasury and that bought-back GMX will be distributed to stakers when GMX reaches $90. Staking power depends on both the amount staked and the duration of the stake. The documentation also records a loyalty system introduced in 2026 that can reset accumulated staking power when a position falls below the stated threshold.

Supply and governance

The GMX documentation lists a forecasted maximum supply of 13.25 million GMX. Minting beyond that level requires a governance vote approved by token holders. GMX also grants voting power through token ownership. Supply can change through vesting and other protocol mechanisms, so live market data should be checked alongside the published tokenomics.

What can weigh on GMX

GMX depends on trading activity, liquidity, fee generation and continued use of its decentralized markets. Changes in protocol parameters or governance can affect fee flows and token economics. Competition among decentralized trading protocols is another factor. The current suspension of reward distribution is especially important when describing staking, because older descriptions may imply that bought-back GMX is being paid out immediately.

GMX has several token functions. It supports governance. It can also be staked. Protocol fees fund a buyback process. The current reward system is important because payouts are paused. Bought-back tokens remain in the treasury under the current rules. This differs from older descriptions of GMX staking. Readers should use the latest GMX documentation when checking reward status or token economics.

Sources: GMX Token | GMX Docs, Rewards | GMX Docs, Fees | GMX Docs

Last reviewed: Oct 8, 2026

GMX (GMX) FAQ

What is GMX?

GMX is a utility and governance token used within the GMX decentralized trading protocol and its governance system. These roles connect the token to activity on the trading network. Current reward rules should be checked against the latest GMX documentation.

What does GMX do?

The GMX protocol provides decentralized trading, while the GMX token supports governance, staking and a fee-funded buyback mechanism. These roles connect the token to activity on the trading network. Current reward rules should be checked against the latest GMX documentation.

Does GMX buy back GMX tokens?

Yes. Current GMX documentation says 27% of specified protocol fees are used to buy back GMX on the open market. These roles connect the token to activity on the trading network. Current reward rules should be checked against the latest GMX documentation.

What is the price of GMX today?

GMX is priced at $8.0366 on FMchart's composite, with $431.7K traded over 24 hours across the exchanges in FMchart's composite. Individual venues may report different values. These roles connect the token to activity on the trading network. Current reward rules should be checked against the latest GMX documentation.

How many GMX tokens are in circulation?

GMX has 10,688,082 circulating, while the forecasted maximum supply is 13.25 million GMX. Current market capitalization is $85.90M, and the market-data rank is 306. These roles connect the token to activity on the trading network. Current reward rules should be checked against the latest GMX documentation.

What is GMX's all-time high?

GMX's all-time high is $91.07, recorded on Apr 18, 2023. Price Statistics also shows its all-time low and the distance from the current level. These records are historical market data and can differ between providers. These roles connect the token to activity on the trading network. Current reward rules should be checked against the latest GMX documentation.

How has GMX performed since FMchart started tracking it?

In FMchart's composite price history (since July 2026), August 2026 (+21.7%) was GMX's strongest month and July 2026 (-3.2%) its weakest. Monthly Returns (USD) lists each month, while Annual Price (USD) Change summarizes calendar years. The composite period may be shorter than GMX's full trading history.

Are GMX staking rewards currently distributed?

No. Current GMX documentation says staking rewards are accumulating in the treasury, with bought-back GMX scheduled for distribution when the token reaches $90. These roles connect the token to activity on the trading network. Current reward rules should be checked against the latest GMX documentation.

What is the GMX maximum supply?

GMX's documentation lists a forecasted maximum supply of 13.25 million tokens, with minting beyond that requiring token-holder governance approval. These roles connect the token to activity on the trading network. Current reward rules should be checked against the latest GMX documentation.

Is GMX a good investment?

FMchart does not rate GMX as an investment. Its value depends on decentralized trading activity, fee generation, governance decisions, competition and the operation of its buyback and staking systems. Current reward distribution is suspended under the published rules. This page explains those mechanisms and market data without recommending a financial decision.