GMX is the governance and utility token of a decentralized perpetuals and spot exchange that lets traders swap 70+ assets with low fees on chains like Arbitrum and Avalanche.
Today it trades around $6–$6.5 USD, down sharply from its all-time high near $91, reflecting extended market correction after explosive growth.
With a market cap of roughly $65–$70 million and ~10 million tokens circulating, GMX remains a small but niche DeFi governance asset.
Price moves are largely tied to overall crypto sentiment and risk assets rather than specific GMX news, though technical levels near $6 serve as key support.
Total value locked (TVL) in GMX-powered liquidity pools continues to support protocol usage and fee revenue for holders.
Despite past security incidents affecting earlier versions of the protocol, the token’s fundamentals anchor on derivative trading volume and governance participation.
@GMX $GMX #GMXToken #gmx