GMX

GMX now offers 24/7 perp markets for WTI Crude Oil, Brent Crude, and Natural Gas — three of the most actively traded commodity instruments in the world, now accessible without a broker, margin account, or weekend blackout.

All three markets are live on Arbitrum, with seamless access for users on Base, Ethereum, and @BNB Chain . Fees start at just 1–2 bps during market hours.

This follows last week's launch of Gold and Silver perps — GMX's first real-world asset markets — and continues the protocol's expansion into globally traded instruments beyond crypto.

GOLD/USD and SILVER/USD: Trading Fees Reduced to Just 1/2 bps During Market Hours!

When contributing to OI balance, the total cost for opening and closing a position is now only 2 basis points during on-hours. When adding to the skew, it is 4 bps.

Standard rates (4 bps underweight / 6 bps overweight) apply during off-hours. Maximum leverage is 100x during on-hours and 25x during off-hours.

GOLD/USD and SILVER/USD are listed under the RWA category on GMX, also searchable by ticker (XAU, XAG). The markets are deployed on Arbitrum and accessible cross-chain via your $GMX Account from Ethereum, Base, and @BNB Chain

The GMX DAO has repurchased 12,380 $GMX for ~$85,000 at an average price of ~$6.87, from July 22–28, 2026. 🫐

Program Total (Mar 5 – Jul 28):

384,320 GMX tokens have been rebought for ~$2,400,000, with a blended average of ~$6.25 🔵

Have you tried the latest UX updates yet?

🔹 Passkey login: Face ID, Touch ID, Windows Hello. No email, no seed phrase.
🔹 Fund your wallet with a card, Apple Pay, or Google Pay
🔹 Share your PnL, win rate & curve with a performance card

And plenty more.

View the new Announcements page in the Dapp to learn more.

GMX DAO has re-acquired 15,360 GMX tokens for ~$100,000 at an average price of ~$6.51, between July 15–21, 2026. 🫐

Program Overview (Mar 5 – Jul 21):

A total of 371,940 $GMX were rebought for ~$2,315,000, at a blended average of ~$6.22 🔵

Introducing the GMX Balancer Program.

If you consistently trade to balance the book — taking the underweight side of our markets and earning the positive price impact and funding that comes with it — this one's for you:

We're rewarding the trading desks that keep GMX's markets balanced with a higher direct reward than the standard referral program, paid straight to your wallet. ⬇️

The GMX Masters competition has concluded, awarding $16,500 across the Auto Trading, Alpha Pool, pop-up volume, and subscriber tracks.

Congratulations to all the winners! And a heartfelt thanks to everyone who traded and tested AI-driven strategies on GMX's 100+ markets over the past weeks.

Over the last week (July 8–14), the GMX DAO has repurchased 22,190 $GMX for ~$130,000 at an average of ~$5.86 🫐

Program Total (Mar 5 – Jul 14):

356,580 GMX tokens have been reacquired for ~$2,215,000 at a blended average of ~$6.21 🔵

GMX is updating its referral program on Arbitrum.

Three changes are being introduced:

1.) Referral reward step-down. Affiliate rewards on a given trader reduce to 0% after either 12 months or $20,000 in paid affiliate rewards on Arbitrum.

When this threshold is reached, the referral code set by the trader is automatically replaced by a protocol-assigned discount code that preserves their existing fee discount. The trader's discount is therefore unaffected. This mechanism applies per trader, and takes effect retroactively.

2.) Organic VIP Tiers. Traders reaching $50M in lifetime volume on Arbitrum now receive an automatic 5% fee discount. At $250M, that becomes 10%. No referral code application is needed; the protocol assigns it automatically.

3.) Tier 4 Referral Codes. A new tier for institutional participants, large-volume affiliates, and major GMX integrators on Arbitrum.

Note: Trader discounts across all existing tiers remain in place. The update applies only to Arbitrum; the referral program on other chains is not affected.

Read the full details on the gov.gmx.io governance forum.

GMX DAO reacquired 20,740 $GMX for approximately $120,000 (average price ~$5.79) between July 1 and 7, 2026.🫐

Total for the Program (Mar 5 – Jul 7):

Overall, 334,390 GMX tokens have been purchased for around $2,085,000, representing a blended average price of about $6.24 🔵

The $GMX token is an outlier, with token revenue outpacing emissions by more than 10x:

GMX has invested in agent-optimized documentation, SDK, API, and skills, so developers can ship autonomous DeFi agents with less friction.

The combination of integration surfaces opens up many use cases for developers building on GMX:

- Autonomous trading agents that implement custom strategies, and execute on GMX’s deep markets

- Risk management bots that monitor open positions in real-time, and adjust leverage or tighten stop-losses when risk thresholds are crossed

- Portfolio rebalancing agents that use GMX perps as a hedging layer, automatically adjusting exposure

- Cross-protocol agents that combine GMX with lending protocols, yield optimizers, or other DeFi primitives to run strategies

- Alerting agents that monitor GMX market conditions (funding rates, open interest spikes, etc.) and surface insights...

Learn more on the GMX blog: https://gmxio.substack.com/p/gmx-is-built-for-devs-and-ai-agents

GMX DAO has reacquired 25,630 GMX tokens for approximately $150,000 at an average price of around $5.85 between June 17–23, 2026. 🫐

Program Total (Mar 5 – Jun 23):

290,370 GMX tokens have been repurchased for ~$1,840,000, at a blended average of ~$6.34 🔵

$GMX

The "$1 and 1,000,000 $GMX" discussion on the GMX DAO forum has moved to a Governance vote:

> "GMX Team Long-Term Incentive Program"

Tokenholders, please cast your votes on Snapshot now.

The GMX DAO has rebought 29,460 $GMX on the open market for ~$165,000, at an average of ~$5.60 per token, between June 10 and 16, 2026. 🫐

Program Totals (Mar 5–Jun 16):

264,740 $GMX tokens have been reacquired for ~$1,690,000 at a blended average price of ~$6.38 🔵

The GMX Masters trading competition is now live!

Leverage AI signals from Elfa AI to trigger and automatically execute your trades on #GMX 's markets. Set your strategies, sleep, and wake up to $5000.

Sign up now at: go.elfa.ai/gmx-masters-x

GMX DAO has reacquired 22,480 $GMX for ~$130,000, averaging about $5.78 each, between June 3–9, 2026. 🫐

Program Total (Mar 5 – Jun 9):

A total of 235,280 GMX tokens were bought on the open market for around $1,525,000, resulting in an overall average price of $6.48 🔵

#GMX

SPCX/USD perps are now live on GMX.

Trade pre-IPO exposure to SpaceX, one of the world’s most valuable private companies, with up to 10x leverage.

SPCX is a new type of market, launching with limited initial OI capacity as GMX builds the infrastructure for pre-IPO perps.

SPCX/USD reflects the market-implied per-share price of SpaceX before its IPO.

The market is available 24/7 pre-IPO. OI caps and trading parameters may change around the IPO.

Join ~3000 weekly users in trading 24/7 commodities and crypto markets on proven, open-source infrastructure.

#GMX

GMX DAO has reacquired 11,340 $GMX for ~$75,000 at an average of ~$6.61 between May 27 and June 2, 2026.

Program Total (Mar 5 – Jun 2):

212,800 GMX tokens have been repurchased for ~$1,395,000 at a blended average of ~$6.56 🔵