GMX
AuditedVerifiedBlue ChipGMX is a decentralized spot and perpetual exchange offering up to 100x leverage on BTC, ETH, SOL and 70+ assets across Arbitrum, Avalanche, Botanix, MegaETH and Solana, settled against Chainlink oracle prices.
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Score history
This rating is re-checked every month. A point is recorded for every check, so a flat line means we looked and nothing moved. Hover anywhere on the chart to see what moved that month, and by how much.
The Problem
Centralized perpetual exchanges hold user funds in custody and can be censored, frozen, or hacked at the venue level; existing decentralized perps either rely on thin AMM order books or lack deep liquidity for size.
The Solution
GMX settles trades against shared liquidity pools (GM/GLV) priced by Chainlink oracles, letting users open up to 100x positions from a self-custody wallet with on-chain margin and no order book.
Why it Matters
Category definer for pool-vs-trader on-chain perps. Largest perp DEX on Arbitrum by integration depth with ~$300B cumulative volume, isolated GM market design, and Chainlink Data Stream pricing.
Protocol Metrics
Related Research
View allFrequently asked questions about GMX
What is GMX?+
GMX is a DEX protocol operating on Arbitrum, Avalanche, Solana, Botanix, MegaETH. GMX is a decentralized spot and perpetual exchange offering up to 100x leverage on BTC, ETH, SOL and 70+ assets across Arbitrum, Avalanche, Botanix, MegaETH and Solana, settled against Chainlink oracle prices.
How does GMX work?+
GMX settles trades against shared liquidity pools (GM/GLV) priced by Chainlink oracles, letting users open up to 100x positions from a self-custody wallet with on-chain margin and no order book.
Is GMX safe?+
DeFi Sentinel rates GMX AA with a safety score of 84/100, indicating very low risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. GMX has 5 audits on record. DeFi Sentinel's analysis flagged 1 high, 2 medium, 4 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of GMX?+
GMX has a DeFi Sentinel safety score of 84/100 (rating AA), last updated September 16, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does GMX support?+
GMX is deployed on Arbitrum, Avalanche, Solana, Botanix, MegaETH.
Has GMX been audited?+
Yes. GMX has 5 audit reports on record from firms including Guardian Audits, Dedaub, Sherlock. Audit reports and dates are linked under the Resources tab on this page.