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See the live GMX price UK. Buy GMX in the UK or add it to your Crypto Strategy.

GMX

GMX

GMX to GBP Price

£22.06

GMX Market Cap

£210.47M

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GMX GBP price chart / performance

GMX GBP price chart / performance

From
Jun 15, 2024
To
Jun 22, 2024
Past performanceis not indicative of future results. GBP (£) currency fluctuations can cause returns to go up or down. Returns shown are before fees.See feesandasset data disclosurefor more details.

Returns

Returns

Return (24h)
+0.04%
Return (7D)
-14.48%
Return (1M)
-9.48%
Return (1Y)
N/A

My Investment

My Investment

Profit Taken
£0.00
0.00%
You Have:
Unrealised P/L
£0.00
0.00%

GMX (GMX) History and Overview

GMX (GMX) History and Overview

GMX is a decentralized, permissionless exchange for perpetual swaps and spot trading, facilitating on-chain cryptocurrency trades directly from users' wallets. Launched on the Arbitrum One blockchain in September 2021 and later on Avalanche in January 2022, GMX supports these two networks. It allows trading of major cryptocurrencies like BTC and ETH with up to 50x leverage, offering an experience akin to centralized exchanges but with users retaining asset custody.

Central to GMX is its native token, also named GMX, serving as a governance, utility, and value-accrual asset within its ecosystem. Staking GMX tokens yields a share of the protocol's fees and additional incentives. The platform's unique feature is its multi-asset pool, GLP, which holds a mix of stablecoins, ETH, BTC, and other altcoins. This pool facilitates trading and offers liquidity providers fee earnings without impermanent loss.

GMX's trading mechanism is supported by GLP, with liquidity providers earning 70% of fees generated. GLP tokens, which represent a stake in this pool, can be minted and burnt for various assets. GMX also uses Chainlink Oracles for dynamic pricing, aggregating prices from high-volume exchanges.

The GMX token not only enables voting on protocol decisions but also provides stakers with three types of rewards: a 30% share of protocol fees (paid in ETH or AVAX), escrowed GMX (esGMX) tokens, and Multiplier Points that boost yield. The token has a capped supply of 13.25 million, with a significant portion currently staked.

Distinctly, GMX offers a simple swap interface for leveraged positions, akin to traditional platforms, but with self-custody and trustless operation. It combines spot swaps and leveraged trading of perpetual swaps, aiming for high capital efficiency and reduced price impact during trading. The platform leverages Chainlink Oracles to mitigate liquidation risks from price fluctuations.

GMX fosters a strong community ethos, with various community-built tools and communication channels like the Blueberry Pulse newsletter and Blueberry Podcast. Traders and stakers benefit from a user-friendly interface for trading and staking, with clear instructions and options like limit orders, take profit, and stop loss orders. Staking GMX tokens is straightforward, offering multiple rewards visible in the user interface.

How To Buy GMX or Add it to your Strategy

The fastest, most convenient way to purchase GMX is to purchase it on ICONOMI. We check GMX live prices on 10+ crypto exchanges and buy it at the best market price.

You can buy GMX by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.

We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if GMX is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).

If you are unfamiliar with analyzing cryptocurrency prices and want to buy GMX, we recommend you read the next section, as copying might be a better approach.

Add GMX to your portfolio by copying a Strategy

If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have GMX in their structure.

Posts

Here you can read and comment on all posts made by Strategists about GMX GMX. See all GMX price predictions in real time and make the best use of their crypto knowledge.

ELEVATE MISTRAL
20 Jun, 2024

MARKET REVIEW 👇


The past 30 days have been very rough in crypto as most altcoins made new lows or made heavy corrections.Meme coins experianced heavy corrections so in my opinion following weeks will be fueled by fundamentaly strong projects.


This is not the time to quit. This is the time to dig deep, analyse and prepare for the real altcoin bull run. Mega sales like these are what we dream. When sales come everybody is afraid to buy.


REMEMBER 👉 YOU NEED TO BUY FEAR!

THIS IS HOW YOU MAKE MONEY LONG TERM ✅


In truth altcoin season never picked up in last 2 years. It was mainly $BTC , $ETH and just few AI and Meme projects.


Who knows me knows I used to say sooner than later this industry wont offer free money and tide wont lift all boats anymore. Fundamentals will start to matter. And that's the truth for 2023 & 2024 so far.


If you've been following our strategies you've noticed we haven't made new lows. Our thesis switch shows we're on right track and $ROSE has been one of best performers in past 30 days.


If you observe Meme coin dominance it's fading away. And soon capital shift will start to occur. In my opinion strong fundamentals will matter the most and narrative fit.


I'll continue to monitor the markets and prepare us for the real altcoin bull run ✅


Stack strong and stay strong 💪


$ROSE $OSMO $GMX $EGLD $ATOM

Post image
2 people like this
ELEVATE MONSOON
20 Jun, 2024

MARKET REVIEW 👇


The past 30 days have been very rough in crypto as most altcoins made new lows or made heavy corrections.

Meme coins experianced heavy corrections so in my opinion following weeks will be fueled by fundamentaly strong projects.


This is not the time to quit. This is the time to dig deep, analyse and prepare for the real altcoin bull run. Mega sales like these are what we dream. When sales come everybody is afraid to buy.


REMEMBER 👉 YOU NEED TO BUY FEAR!

THIS IS HOW YOU MAKE MONEY LONG TERM


In truth altcoin season never picked up in last 2 years. It was mainly $BTC , $ETH and just few AI and Meme projects.


Who knows me knows I used to say sooner than later this industry wont offer free money and tide wont lift all boats anymore. Fundamentals will start to matter. And that's the truth for 2023 & 2024 so far.


If you've been following our strategies you've noticed we haven't made new lows. Our thesis switch shows we're on right track and $ROSE has been one of best performers in past 30 days.


If you observe Meme coin dominance it's fading away. And soon capital shift will start to occur. In my opinion strong fundamentals will matter the most and narrative fit.


I'll continue to monitor the markets and prepare us for the real altcoin bull run


Stack strong and stay strong 💪


$ROSE $OSMO $GMX $EGLD $ATOM


Post image
3 people like this
Blockchain Index
13 Jun, 2024

Top Projects to Watch


Stargate Finance: A pivotal DeFi project facilitating cross-chain liquidity transfers with its STG token for governance and liquidity incentives.


Trader Joe: A leading DEX on Avalanche, offering a suite of DeFi services. In 2023, it expanded to Ethereum’s Arbitrum, enhancing its reach.


$GMX, Benqi, and WOOFi: Key DeFi protocols offering decentralised spot and perpetual exchanges, liquidity markets, and innovative trading with synthetic assets.


Coq Inu: A popular memecoin leveraging Avalanche's infrastructure, integrating into various DeFi platforms, and engaging in community-driven initiatives.



Gaming and NFTs


Snail Trail Game: A GameFi standout with strategic, engaging gameplay and cross-platform functionalities.


Joepegs: A leading NFT marketplace known for user-friendly features and strong community support. It expanded to the BNB Chain, broadening its audience.


Hatchyverse and Monkeez: Notable NFT collections offering unique, interactive experiences and fostering a vibrant ecosystem on Avalanche.



SocialFi and Infrastructure


SK Planet: Developing the UPTN subnet, integrating Web3 features with its consumer applications.


Stars Arena: A SocialFi platform allowing users to buy shares of personalities and monetize social influence.


Arkham Intelligence: A blockchain analytics platform providing comprehensive insights into Avalanche’s ecosystem activities.

2 people like this
ELEVATE MONSOON
3 Jun, 2024

$GMX is leading Decentralised derivatives exchange by big margin 🚀


$SOL ecosystem implementation is comming in few weeks


More liquidity --> More volumes --> More revenue for $GMX 😎


This protocol will be valued in billions in near future in my opinion.

Post image
One person likes this
ELEVATE MISTRAL
3 Jun, 2024

$GMX is leading Decentralised derivatives exchange by big margin 🚀


$SOL ecosystem implementation is comming in few weeks


More liquidity --> More volumes --> More revenue for $GMX 😎


This protocol will be valued in billions in near future in my opinion.

Post image
One person likes this

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GMX Price FAQ

What Is the Highest Price of GMX in GBP?

GMX price UK history shows the highest value of 47.55 GBP . We recorded this price on March 14, 2024, but we cannot exclude that a higher price was registered before January 15, 2024.

What Is the Lowest Price of GMX in GBP?
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