# GMX

> Track GMX's fees, revenue, TVL and active users with daily on-chain data across 7 chains. Compare GMX with other derivative exchanges. Updated daily.

Source: [GMX on Token Terminal](https://tokenterminal.com/explorer/projects/gmx). This page has no metric values. For current values, use the [Token Terminal API](https://tokenterminal.com/docs/api-reference/introduction) or the [MCP server](https://tokenterminal.com/docs/mcp/introduction).

- Token: GMX
- Sectors: Derivative exchanges
- Chains: arbitrum, avalanche, base, bsc, ethereum, megaeth, solana

## About

### What it is

GMX is a non-custodial exchange for spot and perpetual contracts, live on Arbitrum, Avalanche, MegaETH and Solana. GMX was founded by an anonymous team and launched in 2021.

### Who uses it

GMX token holders own and govern the protocol. On the EVM deployments they take a cut of the total trading fees paid by traders (revenue), split between GMX buybacks and the treasury. On Solana the protocol's share accrues to that deployment's treasury rather than to GMX token holders.

### How it works

Liquidity providers deposit funds into GMX and receive trading fees from traders (supply-side fees).

## Metrics

Token Terminal tracks these metrics for GMX daily. Each page has a chart with the full history.

- [Price](https://tokenterminal.com/explorer/projects/gmx/metrics/price)
- [Fully diluted market cap](https://tokenterminal.com/explorer/projects/gmx/metrics/market-cap-fully-diluted)
- [Circulating market cap](https://tokenterminal.com/explorer/projects/gmx/metrics/market-cap-circulating)
- [Token trading volume](https://tokenterminal.com/explorer/projects/gmx/metrics/token-trading-volume)
- [Token turnover (fully diluted)](https://tokenterminal.com/explorer/projects/gmx/metrics/token-turnover-fully-diluted)
- [Token turnover (circulating)](https://tokenterminal.com/explorer/projects/gmx/metrics/token-turnover-circulating)
- [Token holders](https://tokenterminal.com/explorer/projects/gmx/metrics/tokenholders)
- [Circulating supply](https://tokenterminal.com/explorer/projects/gmx/metrics/token-supply-circulating)
- [Maximum token supply](https://tokenterminal.com/explorer/projects/gmx/metrics/token-supply-maximum)
- [Total value locked](https://tokenterminal.com/explorer/projects/gmx/metrics/tvl)
- [Notional trading volume](https://tokenterminal.com/explorer/projects/gmx/metrics/notional-trading-volume)
- [Fees](https://tokenterminal.com/explorer/projects/gmx/metrics/fees)
- [Supply-side fees](https://tokenterminal.com/explorer/projects/gmx/metrics/fees-supply-side)
- [Revenue](https://tokenterminal.com/explorer/projects/gmx/metrics/revenue)
- [Expenses](https://tokenterminal.com/explorer/projects/gmx/metrics/expenses)
- [Token incentives](https://tokenterminal.com/explorer/projects/gmx/metrics/token-incentives)
- [Earnings](https://tokenterminal.com/explorer/projects/gmx/metrics/earnings)
- [P/F ratio (fully diluted)](https://tokenterminal.com/explorer/projects/gmx/metrics/pf-fully-diluted)
- [P/F ratio (circulating)](https://tokenterminal.com/explorer/projects/gmx/metrics/pf-circulating)
- [P/S ratio (fully diluted)](https://tokenterminal.com/explorer/projects/gmx/metrics/ps-fully-diluted)
- [P/S ratio (circulating)](https://tokenterminal.com/explorer/projects/gmx/metrics/ps-circulating)
- [Active users (daily)](https://tokenterminal.com/explorer/projects/gmx/metrics/user-dau)
- [Active users (weekly)](https://tokenterminal.com/explorer/projects/gmx/metrics/user-wau)
- [Active users (monthly)](https://tokenterminal.com/explorer/projects/gmx/metrics/user-mau)
- [Active addresses (daily)](https://tokenterminal.com/explorer/projects/gmx/metrics/active-addresses-daily)
- [Active addresses (weekly)](https://tokenterminal.com/explorer/projects/gmx/metrics/active-addresses-weekly)
- [Active addresses (monthly)](https://tokenterminal.com/explorer/projects/gmx/metrics/active-addresses-monthly)
- [Core developers](https://tokenterminal.com/explorer/projects/gmx/metrics/active-developers)
- [Code commits](https://tokenterminal.com/explorer/projects/gmx/metrics/code-commits)
- [Transaction count (contracts)](https://tokenterminal.com/explorer/projects/gmx/metrics/transaction-count-contracts)
- [Gas used](https://tokenterminal.com/explorer/projects/gmx/metrics/gas-used)
- [Average fees per user (AFPU)](https://tokenterminal.com/explorer/projects/gmx/metrics/afpu)
- [Average revenue per user (ARPU)](https://tokenterminal.com/explorer/projects/gmx/metrics/arpu)
- [Take rate](https://tokenterminal.com/explorer/projects/gmx/metrics/take-rate)

## Links

- [governance](https://gov.gmx.io/)
- [github](https://github.com/gmx-io)
- [twitter](https://twitter.com/GMX_IO)
- [discord](https://discord.gg/cxjZYR4gQK)
- [etherscan](https://arbiscan.io/token/0xfc5A1A6EB076a2C7aD06eD22C90d7E710E35ad0a)
- [website](https://gmx.io/)