GMX
GMX is a decentralized perpetual exchange offering leveraged trading with up to 50x leverage and zero price impact. Built on Arbitrum and Avalanche, it features a unique GLP liquidity pool model where liquidity providers earn from trading fees, making it one of the most capital-efficient derivatives platforms in DeFi.
Best For
Experienced traders seeking leveraged perpetual positions
Key Features
- Perpetual futures trading
- Up to 50x leverage
- Zero-price impact trades
- GLP liquidity pool
- Low trading fees (0.1%)
Pros
- Deep liquidity for derivatives
- No price impact on trades
- High APY for liquidity providers
- Transparent fees
Cons
- Limited to 2 chains
- Liquidation risks with leverage
- Complexity for new users
Risk Level
This platform carries moderate risk. Users should understand the risks involved.
Security Audits
Supported Chains
Supported Assets
Established
September 1, 2021
Disclaimer: This information is for educational purposes only and does not constitute financial advice. DeFi platforms involve significant risks including smart contract vulnerabilities, market volatility, and potential loss of funds. Always do your own research (DYOR) and never invest more than you can afford to lose. Past performance does not guarantee future results.