$8.80
-1.89%past year

Code is moving, $5.05M in fees this month, sources agree.

Code

102+ commits in 90 days from 5 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1
Last push
Nov 3, 2026
gmx-io · official site, DefiLlamagmsol-labs · DefiLlamaxvi10 · CoinGecko
Usage

$5.05M in fees over 30 days

Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Nov 5Nov 4
Revenue, 30d
$4.21M
TVL
$232M
Numbers

CoinGecko and CoinMarketCap agree

CGCMC
Price$8.97$8.97Agree
Supply10.7M10.7MAgree
Mcap$96M$95.9MAgree
Volume$3.89M$4.29M×1.10

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $96M of $95.9M is real

Selling everything at 2% a day would take 172 days.

Paper (all tokens)$95.9M
Market cap$96M
Real$96M

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price. Venues we didn’t believe: CoinUp.io.

$3.15M of the $3.51M reported is carried by the books (90%)

Reported by venues$3.51M
Carried by the books$3.15M

Not carried by their book: WhiteBIT (24× the norm), WEEX (48× the norm), HTX (95× the norm). A day of honest trading passes through a book a bounded number of times its 2% depth; the norm is the median on large venues. Large venues set the norm and count in full; on the rest, volume past three times the norm is not counted. Depth is what venues report; DEX pools are checked apart.

Where it lives

2 tokens under its ticker that no list knows

Home contract: Arbitrum 0xfc5a…ad0a1 official deployments
HomeArbitrumGMX 0xfc5A…ad0a$476K
OfficialAvalancheGMX 0x62ed…c661$7.77K
UnknownRobinhoodGMX 0xB460…2F17$0claims $38.1M
UnknownSolanaGMX BjVoi5…wc1Q$0

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$6.01M in open futures, 6.3% of the market cap

Closing them all by force would take 11 days of 2% sell depth.

Funding, 8h
+0.01% · longs pay shorts
Futures volume
$5.5M · 1.4× the spot volume · open interest turned over 0.9×
Liquidated, 24h
longs $1.76K · shorts $298
Venues
Bybit, OKX, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

On-chain

We haven’t read this contract yet

Deployed on 2 chains, so one contract’s supply isn’t the token’s supply.

Supply
chain 11M · CG 10.7M · CMC 10.7M

Read from the chain and GoPlus. Powers are facts about the contract, not a verdict on the team.

Run this project? Make it official.

Prove you run it and point us to your repo, supply page and unlocks. It appears here labelled as yours, next to what we found.

More dossiers