GMX price

in EUR
€8.241
-- (--)
EUR
Last updated on --.
Market cap
€85.34M #142
Circulating supply
10.34M / 13.25M
All-time high
€79.29
24h volume
€7.40M
Rating
3.6 / 5
GMXGMX
EUREUR

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
DeFi
Official website
Github
Block explorer
CertiK
Last audit: Jun 3, 2021, (UTC+8)

GMX’s price performance

Past year
-53.69%
€17.79
3 months
-27.76%
€11.41
30 days
-37.38%
€13.16
7 days
-9.44%
€9.10

GMX on socials

더 쓰니 | THE SSUNI
더 쓰니 | THE SSUNI
Can @arbitrum implement AI-based DeFi automation through @almanak and @Velvet_Capital? When Almanak and Velvet Capital are combined on the Arbitrum network, they can achieve real-time automated profit optimization based on low gas fees and fast transaction processing speeds. Each project provides an AI-based strategy execution engine and a vault-centric portfolio management system, and operating them together enables high-frequency automated trading and capital-intensive operations simultaneously. Almanak utilizes Arbitrum as a low-cost execution layer. Users can bridge a small amount of Ethereum to create a multi-signature Safe wallet on the Arbitrum One chain and specify accessible protocols through the Zodiac permission management module. By whitelisting addresses such as Uniswap V3, Aave, and Enso, agents can only execute trades within the defined range. Users then write strategies through natural language commands or the Python SDK. Almanak's AI swarm consists of 18 independent agents, each capable of writing code, performing backtests, and evaluating execution efficiency. Thanks to Arbitrum's low gas fees, this process can be repeated every 5 minutes, allowing for continuous strategy adjustments without fee burdens. Typical commands include adding liquidity when volatility is low or automatically adjusting Uniswap LP ranges based on market conditions. Velvet Capital plays a role in scaling these strategies to a broader audience. Users can select the Arbitrum network on the web-based Velvet interface and input commands like "Optimize USDC profits on Arbitrum" through the Velvet Unicorn AI. Velvet's multi-agent system explores various DeFi protocols to calculate the highest yield combinations and automatically creates vaults upon user approval. The vault creation process can be completed in just a few clicks, and assets can be reallocated hourly using the Across bridge. The gas cost for rebalancing is only about $0.02 on average, and users can monitor yields in real-time through a dashboard and Telegram notifications. Combining the two systems allows for the inclusion of Almanak's high-frequency strategy execution capabilities within the Velvet vault structure. Almanak's Safe wallet handles precise trades, while the Velvet vault tokenizes this to concentrate capital. This approach achieves both code-level automation and liquidity expansion simultaneously. Additionally, using Chainlink price feeds and Enso routers together can further enhance efficiency through batch processing of trades and oracle signal-based automation. For security, it is recommended to periodically check Zodiac permissions and restrict the vault to trade only approved assets. In terms of efficiency, Arbitrum shows a clear advantage. The strategy execution cost for Almanak is about $0.01 per trade, while Velvet's vault rebalancing costs about $0.02. Almanak offers annual returns between 8% and 20%, while Velvet provides returns in the range of 10% to 25%, with automation cycles set from 5 to 60 minutes. Users can build a real-time profit optimization environment without separate coding or management burdens. However, errors in permission settings or the use of illiquid tokens can hinder profits, so it is advisable to design strategies focusing on major asset classes like ETH, USDC, ARB, and GMX. In conclusion, Arbitrum is an ideal environment for maximizing the functional advantages of Almanak and Velvet. Almanak's AI agents efficiently perform high-frequency trading in a low-cost gas environment, while Velvet's vault system expands this into a social capital pool, enabling large-scale operations. The most efficient deployment procedure is to create a Safe, deploy the Almanak strategy to that Safe, and then integrate it into the Velvet vault. This structure implements real-time profit optimization in a fully non-custodial manner, minimizing transaction costs and maximizing operational efficiency, and is evaluated as a next-generation DeFi automation model.
Dr.Hash 赛博哈希
Dr.Hash 赛博哈希
After CZ's call for ASTER, the perp dex sector did not take off with it. The market is still too bearish. The market performance of mainstream perp dex platform tokens is as follows: · HYPE has dropped 0.9% in the last 24 hours, with a market cap of $11.3 billion; · ASTER has risen 24.4% in the last 24 hours, with a market cap of $2.423 billion; · JUP has dropped 3.4% in the last 24 hours, with a market cap of $1.278 billion; · MYX has dropped 5.7% in the last 24 hours, with a market cap of $404 million; · DYDX has risen 0.01% in the last 24 hours, with a market cap of $250 million; · APEX has risen 1.80% in the last 24 hours, with a market cap of $132 million; · GMX has dropped 0.80% in the last 24 hours, with a market cap of $99 million.
kaledora
kaledora
Four months later I think we’ve officially memed the OI/volume ratio into the CT mainstream as the most reliable indicator of organic vs inorganic demand. Thank you for your attention to this matter
marcoantonio.eth
marcoantonio.eth
Daily volume/ OI: Ostium: 1.5x (186M/121M) @OstiumLabs Hyperliquid 1.1x (8B/7.5B) @HyperliquidX GMX: 4.2x (647M/155M) @GMX_IO Gains: 6.8x (81M/12M) @GainsNetwork_io Avantis: 50x (167M/3.32M) @avantisfi

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GMX FAQ

Currently, one GMX is worth €8.241. 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.
Cryptocurrencies, such as GMX, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as GMX have been created as well.
Check out our GMX price prediction page to forecast future prices and determine your price targets.

Dive deeper into GMX

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades and, as of writing, has the highest total value locked (TVL) of any project on Arbitrum. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading. $GMX is the utility and governance token.

Disclaimer

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Market cap
€85.34M #142
Circulating supply
10.34M / 13.25M
All-time high
€79.29
24h volume
€7.40M
Rating
3.6 / 5
GMXGMX
EUREUR
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