GMX (GMX) Price

GMX is a decentralized perpetual exchange that offers low swap fees and zero price impact trades. Currently, the exchange is available on Arbitrum and Avalanche. GMX is the native token of the project and its use cases include staking, protocol fees, and governance through the DAO.

One of the unique features of GMX is the ability for GMX holders to stake their tokens to receive escrowed GMX (esGMX), multiplier points, and ETH/AVAX rewards, which can be accessed on the Earn page. Users can also pay fees in GMX tokens.

The project comprises a spot and perpetual DEX, where users can swap tokens and open long or short positions with up to 30x leverage. The PriceFeed contract accepts submissions from the price feed keeper, who calculates prices using the median price of Binance, FTX, and Bitfinex.

Besides, the platform offers liquidity provider tokens called GLP, which can be minted using any of the tokens within the liquidity pool, such as ETH, BTC, and USDC. GMX also has an affiliate referral program with a tier system, where referrers receive rebates for users they brought onto the platform.