GMX (AVAX C-CHAIN) Crypto Exchange

GMX is a decentralized exchange (DEX) specializing in perpetual swaps and leveraged trading on cryptocurrencies such as BTC and ETH. Launched in September 2021 on the Ethereum Layer-2 blockchain Arbitrum, GMX has expanded to Avalanche and, more recently, in March 2025, to Solana under the name GMX-Solana. The platform emphasizes permissionless trading and self-custody, allowing users to trade directly from their private wallets without depositing funds.

GMX operates through permissionless liquidity pools rather than traditional order books. GMX V1 used a multi-asset pool called GLP, whereas GMX V2 introduces isolated GM liquidity pools and GLV liquidity vaults. These pools allow users to provide liquidity and earn fees, incentivizing participation. GLV dynamically allocates liquidity across top-performing markets, optimizing capital efficiency and maximizing rewards.

Market prices are sourced through low-latency Chainlink Data Streams, a pull-based oracle system aggregating data from top exchanges. The GMX ecosystem is secured by the underlying blockchains—Arbitrum relies on Ethereum’s security, Avalanche uses a leaderless DAG-based consensus, and Solana operates on its high-performance network. Smart contracts are professionally audited, and a $5 million bug bounty on Immunefi ensures additional security oversight.

To learn the current price of GMX, go to GMX Market Data.