GMX
GMX
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GMX price
$6.445
-- (--)
USD
Last updated on --.
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About GMX
GMX is a decentralized trading platform that allows users to trade cryptocurrencies with leverage directly from their wallets, without needing to deposit funds into a centralized exchange. It operates on blockchain technology, offering transparent and secure trading with minimal counterparty risk. GMX's native token is used for governance, fee discounts, and earning rewards by providing liquidity to the platform. Traders can access deep liquidity and low fees, while liquidity providers earn a share of trading fees. GMX stands out for its user-friendly approach to decentralized finance (DeFi), making advanced trading tools accessible to everyone.
AI insights
GMX’s recent prices
Past year
-45.85%
$11.90
3 months
-17.58%
$7.82
30 days
-8.29%
$7.03
7 days
+1.22%
$6.37
GMX performance
$6.445
GMX price today
GMX price today is $6.445, marking a +1.34% over the past 24 hours. On OKX, today’s GMX trading volume reached 1,275,406, worth over $8.22M.
$91.41
GMX all-time high
GMX achieved its all-time high price of $91.41 on Apr 18, 2023, (UTC+8). At today's price of $6.445, GMX price is now -92.95% lower than its historic high.
$6.445
GMX in USD
The current GMX to USD conversion rate is $6.445 per GMX.
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Learn more about GMX (GMX)
What's GMX?
GMX is a decentralized exchange token designed to facilitate trading and liquidity provision on the GMX platform. It addresses the need for a seamless, low-cost trading experience by enabling users to trade cryptocurrencies directly from their wallets. GMX is primarily used for governance, staking, and earning rewards within the GMX ecosystem, providing users with a decentralized alternative to traditional exchanges.
How does GMX work?
GMX operates on a decentralized exchange platform utilizing smart contracts to facilitate trades. It leverages the Ethereum and Arbitrum blockchains, employing a proof-of-stake consensus mechanism to ensure security and efficiency. Notable features include low transaction fees and the ability to trade directly from users' wallets, enhancing privacy and control over assets.
What's the total supply of GMX?
GMX has a total supply of 13.25 million tokens. The circulating supply is subject to change based on staking and reward mechanisms. The tokenomics of GMX include deflationary aspects, as a portion of trading fees is used to buy back and burn tokens, reducing the overall supply over time and potentially increasing scarcity.
What determines GMX's price?
The price of GMX is influenced by its utility within the GMX platform, including governance and staking rewards. Demand for decentralized trading solutions, network usage, and overall market sentiment also play significant roles. Regulatory changes and competition from other decentralized exchanges can impact its valuation, but no predictions are made.
Pros and cons of GMX
- Pros:
- Decentralized trading platform
- Low transaction fees
- Governance and staking rewards
- Cons:
- Market competition
- Regulatory uncertainties
- Dependence on Ethereum and Arbitrum networks
How do I store my GMX?
Users can acquire GMX through exchanges like OKX, where it is supported for trading. It can be stored in compatible wallets that support Ethereum and Arbitrum tokens. Users can stake GMX for rewards or participate in governance. Always ensure private keys are secure and be cautious of phishing attempts. Availability may vary by jurisdiction, so check local regulations.
Guides
Find out how to buy GMX
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think. Kickstart your journey on the OKX mobile app, or right here on the web.
Predict GMX’s prices
How much will GMX be worth over the next few years? Check out the community's thoughts and make your predictions.
View GMX’s price history
Track your GMX’s price history to monitor your holdings’ performance over time. You can easily view the open and close values, highs, lows, and trading volume using the table below.
GMX on OKX Learn
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GMX FAQ
GMX can offer strong returns, but is also subject to market volatility. Whether it’s a good investment depends on your risk tolerance, goals, and market conditions. GMX’s price can be influenced by various factors such as adoption, regulation, technological advancement, and overall market sentiment. Always do your own research before buying GMX and never buy more than you can afford to lose. This content is for informational purposes only and isn’t financial advice.
To buy GMX at a low price, monitor the market closely and use tools like price alerts and technical indicators to keep you updated on price trends. Always do your own research and use secure platforms. This content is for informational purposes only and isn’t financial advice.
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy GMX GMX safely on a trusted exchange like OKX.
Currently, one GMX is worth $6.445. For answers and insight into GMX's price action, you're in the right place. Explore the latest GMX charts and trade responsibly with OKX.
To read this GMX price chart, hover over or click on the time period you want to view. Hover over the chart to view the corresponding price, displayed in your local currency.
Yes, GMX’s price is updated in real-time on our GMX price page. You can view the current price and historical price data here at all times.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping GMX GMX. Refer here for a more detailed guide.
Staking and earning rewards with GMX are subject to local restrictions. Log in or sign up to view products available in your country, region, or state of residence.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Market cap
$66.91M #136
Circulating supply
10.38M / 13.25M
All-time high
$91.41
24h volume
$8.22M
Rating
3.3 / 5
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