GMX
Market Open
27 Jul, 02:54
$
6. 870000
-0.04
-0.5789%
$
461 Volume
$ 6.91
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GMXUSD Overview
GMXUSD denotes the market price of one GMX token expressed in United States dollars. It is the quoted exchange rate traders use to buy, sell and value GMX in USD terms across spot and derivative venues.
GMX is a blockchain-based utility and governance token issued for the GMX decentralized exchange protocol, with primary deployments on Arbitrum and Avalanche. Introduced in 2021 by the development team behind the GMX protocol (whose members are largely pseudonymous), the token grants holders governance rights and access to protocol fee distributions when staked. The token is non-custodial and operates within the rules of the underlying smart contracts.
The GMXUSD price forms through the interaction of supply and demand across decentralized and centralized exchanges, influenced by on-chain activity (staking, liquidity provision), market sentiment, derivatives flows and broader macro factors such as interest rates and risk appetite. Liquidity available on different venues and cross-chain flows can create short-term price dispersion.
GMXUSD is important to traders and investors as a direct measure of exposure to the GMX protocol economy; it is used for speculative trading, hedging via derivatives, governance participation and yield strategies tied to staking rewards. Market participants monitor order books, on-chain metrics and volatility when assessing position sizing.
The token can exhibit pronounced volatility and liquidity varies by venue, so execution costs and slippage are relevant considerations for active traders.
GMX is a blockchain-based utility and governance token issued for the GMX decentralized exchange protocol, with primary deployments on Arbitrum and Avalanche. Introduced in 2021 by the development team behind the GMX protocol (whose members are largely pseudonymous), the token grants holders governance rights and access to protocol fee distributions when staked. The token is non-custodial and operates within the rules of the underlying smart contracts.
The GMXUSD price forms through the interaction of supply and demand across decentralized and centralized exchanges, influenced by on-chain activity (staking, liquidity provision), market sentiment, derivatives flows and broader macro factors such as interest rates and risk appetite. Liquidity available on different venues and cross-chain flows can create short-term price dispersion.
GMXUSD is important to traders and investors as a direct measure of exposure to the GMX protocol economy; it is used for speculative trading, hedging via derivatives, governance participation and yield strategies tied to staking rewards. Market participants monitor order books, on-chain metrics and volatility when assessing position sizing.
The token can exhibit pronounced volatility and liquidity varies by venue, so execution costs and slippage are relevant considerations for active traders.
GMXUSD Chart
GMX defies EU MiCA rules, remains open to all users
GMX's open access highlights potential shifts in user behavior and market dynamics amid regulatory pressures on centralized platforms. GMX defies EU MiCA rules, remains open to all users.
Cryptobriefing | 3 weeks ago
GMX Rolls Out Complete Integration Layer to Help Teams Ship Autonomous DeFi Agents
Agent Infrastructure: GMX rebuilt its documentation, SDK, and API to support autonomous agents with consistent schemas, typed functions, and structured data. Composable Skills: Pre-built skills let agents perform complex GMX operations such as opening positions or adjusting risk with minimal configuration.
Crypto-economy | 1 month ago
GMX DAO moves long-term incentive program to governance vote
The GMX DAO's performance-based incentive plan could drive significant token value growth, aligning leadership goals with community interests. GMX DAO moves long-term incentive program to governance vote.
Cryptobriefing | 1 month ago
GMXUSD FAQ
What is the current GMX price?
The current price is $6.870000, based on the latest trades across major cryptocurrency exchanges.
What does the price change mean?
The price has changed by -0.04 (-0.5789%), showing how much the asset has moved compared to the previous close.
What is the previous close for GMX?
The previous close was $6.910000, which serves as a reference point to measure daily performance.
How is the daily change percentage calculated?
The change percentage (-0.5789%) is calculated based on the difference between the current price and the previous closing price.
What does the daily range show?
The range reflects the lowest ($6.870000) and highest ($6.870000) prices traded during the selected period, helping assess volatility.
Why is GMX (GMX) moving today?
Price movements in GMX are driven by market sentiment, trading volume, news, adoption, and overall crypto market conditions.
Is the current trend bullish or bearish?
If the current price ($6.870000) is below the previous close ($6.910000), it indicates upward momentum. If below, it suggests a downward trend.
Where can I see live charts for GMX?
You can view real-time charts, price updates, and market data for GMX (GMX) directly on this page.
