GMX - Frequently Asked Questions

Question 1

What is GMX?

Sharpe Labs · Accepted Answer

GMX is a leading non-custodial exchange for trading Perpetual Futures and Spot on-chain. The protocol allows you to trade BTC, ETH, SOL, and 60+ other top cryptocurrencies with up to 100x leverage, directly from your own wallet. 🫐 Traders on GMX benefit from deep liquidity, 1-click trading, reduced liquidation risks, support for multiple collateral types, a comprehensive suite of trading alerts, and next-generation execution speed. With its composable liquidity pools that offer market-leading Earn opportunities and more than 80 ecosystem integrations, GMX serves as a foundational base layer for DeFi on the Arbitrum and Avalanche blockchains. In early 2025, GMX will expand its trading and liquidity infrastructure to include GMX-Solana, and will be accessible multi-chain from any popular EVM blockchain. This further solidifies GMX's role as a fundamental base layer for the global interconnected DeFi ecosystem. GMX operates on the Avalanche blockchain network. For more information, visit the official GMX website at https://gmx.io/

Question 2

What is the current price of GMX?

Sharpe Labs · Accepted Answer

The current GMX price today is $8.42 USD. The GMX (GMX) price has increased by +2.24% over the last 24 hours. The real-time GMX price is up and updated live based on trading data from decentralized exchanges. You can track GMX price movements to make informed trading decisions.

Question 3

Where can I track GMX price?

Sharpe Labs · Accepted Answer

You can track GMX (GMX) price in real-time on Sharpe DEX Scan at https://sharpe.ai/dexscan/avalanche/gmx. Our platform provides live GMX price updates, 24-hour price change percentages, interactive TradingView charts with technical indicators, real-time trading volume data, and GMX holder analytics. The GMX price is updated every few seconds, ensuring you have the most accurate market data for trading decisions. Track GMX price movements across multiple timeframes, monitor trading volume trends, analyze holder distribution patterns, and view recent GMX transactions all in one place. Sharpe AI DEX Scanner is the best platform to track GMX price with professional-grade analytics and real-time market data.

Question 4

How many holders does GMX have?

Sharpe Labs · Accepted Answer

GMX currently has 6,371 token holders on the Avalanche blockchain network. The GMX holder count represents unique wallet addresses that actively hold GMX tokens. The number of GMX (GMX) holders is regularly updated and reflects the size and growth of the GMX community. More holders typically indicate stronger adoption and community support for GMX. Join the GMX community: Twitter: https://twitter.com/GMX_IO, Telegram: https://t.me/GMX_IO, Discord: https://discord.com/invite/cxjZYR4gQK

Question 5

What is the circulating supply of GMX?

Sharpe Labs · Accepted Answer

The GMX circulating supply is currently 10,347,787 GMX tokens. The total GMX supply is 650,298 GMX tokens. As of now, 1591.2% of the total GMX supply is in active circulation, meaning most of the total supply is available for trading. GMX (GMX) token supply metrics are essential for calculating market capitalization, understanding token distribution, and evaluating scarcity. The circulating supply of GMX directly impacts the token's market value and price dynamics.

Question 6

How to buy GMX?

Sharpe Labs · Accepted Answer

To buy GMX (GMX) on Sharpe AI DEX Scanner, click the Buy button located at the top of the GMX page. This will open a trading interface where you can connect your cryptocurrency wallet (such as MetaMask, Trust Wallet, or Phantom for Solana). Once connected, the interface will show you the current GMX price and allow you to enter the amount of GMX you want to purchase. The Buy button connects directly to decentralized exchanges, making it easy to swap your tokens for GMX. Always verify you have sufficient balance in your wallet and review the transaction details including gas fees before confirming your purchase. Track GMX price movements on Sharpe AI DEX Scanner to find the optimal entry point for buying GMX.

Question 7

How to sell GMX?

Sharpe Labs · Accepted Answer

To sell GMX (GMX) on Sharpe AI DEX Scanner, click the Sell button located at the top of the GMX page, next to the Buy button. This will open a trading interface where you need to connect your cryptocurrency wallet that contains your GMX tokens. Once your wallet is connected, the interface will display your current GMX balance and allow you to enter the amount of GMX you want to sell. The Sell button connects directly to decentralized exchanges, enabling you to swap your GMX for other tokens like USDT or USDC. Review the current GMX price, check the transaction details including slippage tolerance and gas fees, and confirm the transaction in your wallet. Use Sharpe AI DEX Scanner's real-time price charts and trading volume data to determine the optimal time to sell GMX for maximum returns.

Question 8

Is GMX a good investment?

Sharpe Labs · Accepted Answer

Whether GMX (GMX) is a good investment depends on multiple factors including your risk tolerance, investment goals, market conditions, and thorough research. GMX currently has 6,371 holders, which indicates the level of community adoption. Before investing in GMX, consider: 1) Research the project's fundamentals, team credentials, and roadmap. 2) Analyze GMX tokenomics, including total supply, circulating supply, and token distribution. 3) Review the GMX whitepaper and use case to understand the project's value proposition. 4) Monitor GMX price trends, trading volume, and market sentiment on Sharpe AI DEX Scanner. 5) Check Avalanche blockchain explorer for contract verification and transaction history. 6) Assess GMX community engagement and social media presence. Cryptocurrency investments carry significant risk due to market volatility. GMX price can fluctuate dramatically in short periods. Never invest more than you can afford to lose, diversify your portfolio across multiple assets, and consider consulting with a financial advisor. Use Sharpe AI's real-time analytics to track GMX performance metrics, holder distribution, and trading patterns before making investment decisions.

Question 9

How can I view GMX transactions?

Sharpe Labs · Accepted Answer

You can view GMX (GMX) transactions in real-time on Sharpe AI DEX Scanner. The Transactions tab displays all recent GMX buy and sell orders, swap transactions, mint and burn events with detailed information including transaction hash, wallet address, transaction type (buy/sell), token amount, USD value, and timestamp. Each GMX transaction shows the exact price at which the trade occurred, allowing you to analyze GMX trading patterns and market activity. You can filter GMX transactions by type (Buy, Sell, Mint, Burn), set price range filters, and search for specific wallet addresses to track whale movements. Click on any GMX transaction to view complete details on the blockchain explorer. Monitor GMX transactions to identify trading trends, spot large buyers and sellers, and understand market sentiment for GMX token.

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