GMX protocol
Overview
GMX is a decentralized spot and perpetual exchange on Arbitrum and Avalanche. It uses a multi-asset liquidity pool (GLP) to facilitate trading with zero slippage and up to 30x leverage. The protocol is governed by GMX token holders who earn fees from protocol revenue.
Within the DeFi Intel graph, GMX connects to 21 tracked entities, most strongly to Arbitrum, Avalanche, and Pyth Network.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 21 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Arbitrum | 95% |
deployed_on | Avalanche | 95% |
issues | GMX | 95% |
supports_token | esGMX | 95% |
integrates | Pyth Network | 90% |
launched | GMX v2 | 90% |
integrates | Chainlink Data Feeds | 90% |
risk_managed_by | Chaos Labs | 90% |
More on GMX
- GMX Review 2026 — Perpetuals DEX, GLP Pools, and Chain Expansion
- Is GMX Safe in 2026? Audits, Hacks, Risk Score
Frequently asked questions
Which chains does GMX run on?
GMX launched on Arbitrum in September 2021 and deployed to Avalanche in early 2022.
What is the difference between GLP and GM pools?
GLP was GMX V1's single shared multi-asset liquidity pool backing all trades, while GMX V2 uses isolated GM pools where each market has its own long and short collateral pools.
How does GMX price trades?
GMX V2 markets are priced using Chainlink data feeds, with orders created on-chain and executed asynchronously by keepers.
Related reading
- GMX vs Aevo (2026): Full Comparison
- GMX vs Drift Protocol (2026): Full Comparison
- GMX vs dYdX (2026): Full Comparison
- GMX vs Synthetix (2026): Full Comparison
- GMX vs Vertex Protocol (2026): Full Comparison
Sources
Facts on this page were verified against the following sources.