GMX

GMX Price

gmx

$15.46arrow-4.44%
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Last updated: 2025-05-23 22:01:55

Price Statistics

Market Cap
156.87M
24H Volume
17.89M
All-Time High
91.07
Circulating Supply
10.14M

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What Can You Do With GMX?

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Trade on Our Spot Market

Buy and sell crypto with real-time Spot prices—zero delays.

Trade in our Spot Market
Trade

Convert Your Crypto

Convert crypto at zero cost—fast, secure, and easy.

Convert Your Crypto
Convert

Earn Crypto Passively

Earn passive rewards—simply deposit your funds and watch them grow.

Earn Crypto Passively
Earn

Crypto Pre-Market Listings

Get early access to new tokens—trade them before they’re officially listed.

Crypto Pre-market Listings
Trade Now

Trade on Our Spot Market

Buy and sell crypto with real-time Spot prices—zero delays.

Trade in our Spot Market
Trade

Convert Your Crypto

Convert crypto at zero cost—fast, secure, and easy.

Convert Your Crypto
Convert

Earn Crypto Passively

Earn passive rewards—simply deposit your funds and watch them grow.

Earn Crypto Passively
Earn

Crypto Pre-Market Listings

Get early access to new tokens—trade them before they’re officially listed.

Crypto Pre-market Listings
Trade Now

Price History (USD)

Live GMX Price Summary

As of May 23, 2025, the global cryptocurrency market cap is $156.87M with a -4.33% change in the last 24 hours. GMX's current price is $15.46, with a 24-hour trading volume of $17.89M. GMX is -4.44% in the last 24 hours, with a circulating supply of 10.14M GMX coins and a maximum supply of 13.25M GMX coins. GMX ranks 362 by market cap. It has a 24H high of $16.61 recorded on May 23, 2025, and its 24H low so far is $15.46, recorded on May 23, 2025.

What Is the Highest Price of GMX?

GMX has an all-time high (ATH) of $91.07 , recorded on Apr 18, 2023.

What Is the Lowest Price of GMX?

GMX has an all-time low (ATL) of $9.61, recorded on Apr 6, 2025.

About GMX (GMX)

What Is GMX (GMX)?

GMX is the utility and governance token for the GMX decentralized spot and perpetual exchange. 

As a platform, GMX capitalizes on decentralized finance (DeFi) to allow leveraged trading, market making, swapping tokens at low fees, and zero–price impact trading. It uses a unique, multi-asset automated market maker (AMM) model to provide liquidity for spot trading and derivatives. High-quality price feeds on GMX are supported by Chainlink oracles that source dynamic price data from various exchanges.

Its 30x extended perpetual futures trading, attractive rewards for liquidity providers and stakers, zero–price impact trades and low swap fees have made GMX particularly attractive to DeFi users.

What Is GMX Used For?

The two key roles of GMX tokens on the platform’s ecosystem are governance and staking.

GMX token holders can vote on various proposals designed to improve the GMX network. Additionally, you can stake GMX on Arbitrum or Avalanche to earn rewards. You can redeem your GMX staking rewards into your wallet, or compound them to increase the rewards that you receive. 

GMX Price

GMX has been performing fairly well since its September 2021 launch on Arbitrum at $15.73. After a slight drop to $11.97 that month, the token began a steady ascent, hitting its highest price of $62.10 in January 2022. 

In tandem with the bear market conditions that have persisted for most of 2022, the price gradually dropped to an all-time low of $11.53 in June. However, it bounced back remarkably well in the following months, and seems to be on a strongly bullish ascent. 

GMX Tokenomics

The maximum supply of GMX stands at 13.25 million tokens, but more can be minted through a governance vote with a 28-day time lock. The current GMX circulating supply is around 8 million (as of Sept. 2022), which can vary depending on the number of tokens that are vested. 

GMX is distributed as follows:

  • 7.5% to pre-sale participants 

  • 45.3% for absorption by token holders who decide to migrate to GMX following GMX’s rebranding from Gambit and the XVIV token merge 

  • 15.1% for the Floor Price Fund 

  • 30.2% divided equally for liquidity and reserve 

  • 1.9% for marketing and partnerships

Who Is the Founder of GMX? 

GMX was created following the merge of XVIX, XLGE, GMT and xGMT to form the GMX token. The network's roots can be traced to Gambit Protocol, which previously operated on BNB Chain (then Binance Smart Chain). However, Gambit’s community voted to migrate the protocol to Arbitrum, an Layer 2 solution on Ethereum. 

Two of the names that authorize the 2-of-3 multisig wallet associated with GMX are Benjamin Simon (co-founder and CEO of Stealth Crypto) and Krunal Amin (Founder and CEO of UniDex). 

Read more: GMX: Decentralized Spot and Perpetual Exchange

How to Store GMX

Since GMX is deployed on the Arbitrum and Avalanche blockchains, you can store GMX tokens in wallets compatible with them, such as Metamask and Trust Wallet. You can also safely store GMX in hardware wallets such as Ledger Nano X. 

Where to Buy GMX

You can buy GMX from any top crypto exchange, including Bybit. On Bybit, you can trade GMX/USDT on the spot market.

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Frequently Asked Questions (FAQ)

How much is GMX today?

As of May 23, 2025, the current trading price of GMX (GMX) is $15.46. Over the past 24 hours, the price has ranged between a low of $15.46 and a high of $16.61, accompanied by a trading volume of $17.89M. The overall market capitalization is $156.87M, positioning it at rank #362 among other cryptocurrencies.

How much is one GMX ?

At this moment, one unit of GMX is valued at $15.46. Please note that due to market fluctuations, this price may vary throughout the day.

How to invest in GMX ?

Investing in GMX begins with comprehensive research into its market performance and potential risks. Start by reviewing its current price of $15.46, along with its recent 24-hour trading range—from $15.46 to $16.61—and its overall market cap of $156.87M. To get started, create a Bybit account, complete Identity Verification Lv. 1, and then deposit funds either via fiat or by transferring another cryptocurrency. After your account is set up and funded, you can navigate to the Bybit trading interface where you can place an order for GMX. Finally, consider transferring your coins to a secure wallet to ensure their safety.

Where to buy GMX?

To purchase GMX on Bybit. You can easily sign up, fund your Bybit account, and start trading, making it easy for both beginners and experienced traders to buy cryptocurrencies. Alternatively, you can just click on the buy/trade button above.

How to buy GMX?

To buy GMX on Bybit, start by signing up for an account on the Bybit platform and completing Identity Verification Lv. 1 to comply with KYC requirements. After your account is verified, deposit funds using your preferred method—Bybit supports both fiat deposits (depending on your region) and cryptocurrency transfers. With funds in your account, navigate to the trading section where you can search for GMX (often listed under its symbol, GMX). You can then place an order—choosing either a market order for an immediate purchase at the current price of $15.46 or a limit order if you prefer to set your own price. Once the order is executed, your GMX will be credited to your Bybit wallet, where you can choose to keep them or transfer them to another secure wallet.

How to sell GMX?

Selling GMX on Bybit follows a process similar to buying. Begin by logging into your Bybit account and navigating to the trading interface. Locate GMX within your portfolio or the market listings. When you are ready to sell, decide whether to use a market order for a quick sale at the prevailing price, or a limit order if you wish to set a specific selling price. Once your order is placed and executed, the funds from the sale will be available in your account. You can then choose to withdraw these funds to your bank account or convert them into another cryptocurrency, according to your investment strategy.

Is GMX a good investment?

Determining if GMX is a suitable investment depends on several factors, including your risk tolerance, market research, and long-term financial goals. With a current price of $15.46 and a market capitalization of $156.87M (ranking it at #362), GMX has demonstrated significant activity. Its 24-hour trading range—from $15.46 to $16.61—and historical performance, highlighted by an all-time high of $91.07 on Apr 18, 2023 and an all-time low of $9.61 on Apr 6, 2025, provide valuable context. While these metrics are promising, it is essential to conduct your own research and consider professional financial advice to determine if this asset fits into your portfolio strategy.

How many GMX are there?

Currently, there are 10.14M units of GMX in circulation, with a maximum supply capped at 13.25M. These figures are important to consider when evaluating scarcity and potential market dynamics, and they can change over time due to network updates or new coin emissions.

Disclaimer

Investments in cryptocurrencies, including but not limited to purchasing GMX and other digital assets through Bybit, carry significant market risk. Should the digital asset you are seeking not be currently available on Bybit, please be advised that it will be introduced in the near future. Bybit disclaims all liability for any results or outcomes of such investments. The information regarding pricing and other relevant data presented herein is derived from publicly available sources. This content does not reflect the official stance of Bybit and should not be construed as investment advice, a recommendation, or an offer to buy, sell, or hold any form of digital assets.

Investors are urged to thoroughly evaluate their financial capacity for trading or holding digital assets and are advised to seek consultation from qualified legal, tax, or investment professionals based on individual circumstances.

For comprehensive details, please review Bybit’s Terms of Service.

GMX Resources

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