GMX
GMX
Evaluation Score
Overall rating on a scale of 0-10
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AI Analysis
Comprehensive evaluation of the token
GMX presents a high-potential but high-risk investment case. Its strengths lie in a robust tokenomics model that generates real yield, consistently high development activity, and a strong, engaged community. The project has a proven use case in the decentralized perpetuals market. However, these positives are significantly counterbalanced by a major $42 million exploit on its V1 protocol, the inherent risk of an anonymous team, and governance challenges related to token concentration. While the team's response to the exploit was effective and the V2 protocol is extensively audited, the historical security failure combined with intense market competition makes GMX a speculative asset.
Detailed Analysis by Category
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About GMX (GMX)
GMX (GMX)
GMX is the native ERC-20 utility and governance token powering the decentralized spot and perpetual exchange protocol on Arbitrum and Avalanche. Designed for fee accrual, staking rewards, and protocol governance, GMX aligns community incentives across trading and platform management.
Key Features
- Decentralized Exchange Access: Facilitates spot and perpetual trading with on-chain liquidity and low price impact.
- Governance: GMX holders can vote on protocol upgrades, parameter adjustments, and ecosystem initiatives.
- Staking & Rewards: Staked GMX earns a share of trading fees and rewards in ETH, AVAX, or other assets.
- Fee Distributor: Automated distribution of platform fees to GMX stakers and GLP liquidity providers.
Token Utility
- Governance Proposals: Create and vote on protocol changes.
- Fee Sharing: Stake GMX to receive a portion of trading and borrowing fees.
- Ecosystem Incentives: Participate in liquidity mining and cross-chain incentive programs.
Technical Details
- Token Name: GMX
- Symbol: GMX
- Standard: ERC-20
- Networks: Arbitrum One, Avalanche C-Chain
Resources
- Official Website: https://gmx.io
- GitHub: https://github.com/gmx-io
- Arbitrum Explorer: https://arbiscan.io/token/0xfc5a...
- Avalanche Explorer: https://snowtrace.io/token/0x62ed...
For detailed developer docs, contract addresses, and community channels, visit the official documentation.
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