GMX/USD price feed
GMX is the token of a decentralized exchange for perpetual and spot trading. It has been running long enough to have a history, which makes it a different kind of asset from the newer venue tokens: its market has already been through more than one cycle of attention.
Aggregate on-chain rate: hourly view of the last 3 days. The API itself updates block by block. Request API access
Book composition · auto-observed
The largest pool holds the majority of the weight right now, with several smaller pools sharing the rest.
An established venue, a quieter market
Interest in this asset has cooled from earlier peaks. That is ordinary for a protocol that has moved past its first wave of attention and settled into steady operation.
A quieter market is not a broken one. It does mean fewer prints arrive in a given hour, so the distance between one trade and the next carries more weight in any reading built from them.
The rate published here is drawn from whatever still trades the token, with each venue listed rather than assumed.
Reading an asset with a long tail of holders
Tokens that have been around a while accumulate holders who are not watching daily. Their positions still need marking, for accounts, for collateral, for reporting.
Who runs on this rate
Treasuries holding legacy positions
Assets bought in an earlier cycle still need a mark and quiet markets are exactly where casual sources drift.
Reporting teams with mixed inventories
One method across active and quiet assets keeps a portfolio comparable to itself.
Where the GMX market lives
Active GMX/USD pools per chain, as observed by the feed on 2026-10-27.
GMX in the catalog
3 pairs, each computed from its own pools with the same methodology:
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