GMX says it is a decentralized exchange for trading crypto with leverage, running on public blockchains since 2021. Its pages make no dated promises we could check. It trades at $7.36, #323 of all coins by size, 92% below its highest ever price.
This week Nothing changed on its record.
A real job, real backing. No dated promises on its pages. Nothing dated ahead. #9 of 49 perpetuals. Nothing to be careful of on the record.
Is it real?
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3 of 4
- ✓A real-world jobReal-world purpose: perpetuals
- ✓Real backingBacking: trades on Crypto.com, Kraken, Binance
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- ✓Room to growRoom: worth $76.98M, 24 times smaller than Aster, the biggest coin within reach doing the same thing (Perpetuals)
Listed on 6 big exchanges
- Origin18 April 2023about about 3 yearsgmx.io/#/?ref=coingecko, GitHub, Whitepaper
- DevelopersNot namedNeither Wikidata nor its listing names the foundersCode activity not checked
- BackingNo named investorListed on Crypto.com, Kraken, Binance, OKX
- Standing on the recordNo recordNo dated promise to judge yet2 headlines last monthNo corrections needed so far
It is already worth more than the typical coin in Perpetuals ($9.08M). To match the leader, Aster ($1.85B), its price would need to rise 2308%, to about $177.20.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- No named investor among its tags
- Only 2 headlines named it last month
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
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Nothing dated
The project has not put a date on anything still open. That is a fact worth knowing.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
Perpetuals
50 coins tagged Perpetuals, worth $23.23B together. #10 of 50 by worth.
Perpetuals: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
GMX$76.98Mthis coin−6.6%79% outnone dated
Aster$1.85B24.1× bigger, +$1.78B−1.5%, gap +5.134% outno record
Lighter$1.1B14.2× bigger, +$1.02B−4.2%, gap +2.425% outno record
Jupiter$774.17M10.1× bigger, +$697.18M−1.1%, gap +5.533% outno record
PancakeSwap$729.25M9.5× bigger, +$652.27M−0.7%, gap +6.080% outno record
Raydium$369.38M4.8× bigger, +$292.4M−3.1%, gap +3.549% outno record
Derive$140.15M1.8× bigger, +$63.16M−1.6%, gap +5.067% outnone dated
Genius$101.02M1.3× bigger, +$24.03M−0.1%, gap +6.534% outno record
Perpetuals: this coin next to Aster, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- GMX says
- GMX says it is a decentralized exchange for trading crypto with leverage, running on public blockchains since 2021.
- Aster says
- Aster is a next-generation decentralized perpetual exchange that combines non-custodial trading with advanced features like hidden orders and multi-chain support.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
GMX says it is a decentralized exchange for trading crypto with leverage, running on public blockchains since 2021.
Its listing puts it this way: GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet. The DEX is live on Arbitrum, Avalanche, and Solana, and in the process of enabling multichain access from all popular EVM blockchains.
Problem it says it solves: perpetuals. 50 coins are working on it and together they are worth $23,227,441,222. This coin is 0% of that.
Where it trades: Crypto.com, Kraken, Binance, OKX, Bybit
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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Perpetuals: this coin next to the group's largest, Aster.
| GMX | Aster | |
|---|---|---|
| Years trading | 3 years | 12 months |
| Major exchanges | 6 | 9 |
| Named backers | 0 | 0 |
| Headlines, last month | 2 | 12 |
| Promises delivered | no record | no record |
What it says is different: GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet. The DEX is live on Arbitrum, Avalanche, and Solana, and in the process of…
It is 4.2% the size of Aster. On the facts above it is behind on major exchanges, headlines, last month. For that gap to close, the record would need deliveries showing up in its record, news that names it. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $91.07 on 18 April 2023. Today is 8% of that.
79%
of all GMX that will ever exist is already out in public hands: 10.46M coins.
21% (2.79M coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
Its pages do not say what holding it gets you
That is worth knowing before buying. A coin nobody needs is priced on hope.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- of the maximum supply is in circulation: 10.46M of 13.25M.
- 2.79Mcoins still to be released, 21% of the maximum. Releases can add selling pressure.
- of its all-time high of $91.07 on 18 April 2023. That is −91.9% from the top.
- #323by market cap, $76,984,511.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
- $208.93M is locked in it right now
From DefiLlama, refreshed nightly. Fees are what people paid to use the thing; value locked is what they trust it to hold. Facts, not a score.
What the news says
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Headlines per day, last 30 days
2 headlines named this coin in the last month.
What they were about
- Hack1
- Abracadabra.Finance Loses $13 Million in Exploit Linked to GMX Liquidity Pools
- GMX Rich List — Top 100 Holders & Distribution Chart
Headlines are the publishers' own. News is never placed next to price.
The record itself
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy
GMX says it is a decentralized exchange for trading crypto with leverage, running on public blockchains since 2021.
“Decentralised permissionless on-chain exchange with deep liquidity and low costs, live since 2021”source · snapshot · captured 2026-09-14
Live. The record does not yet cite when this stage began.
No dated or committed promises have been recorded yet.
Others in decentralised exchanges: Synthetix 6 of 11, XRP 2 of 3, Fluid 0 of 7, Stellar 0 of 20, and 1 more.No public code repository is listed in this record.
The project's blog page last changed on 14 September 2026.
Nothing further to flag from the record as it stands.
This record was drafted by a machine from captured pages and has not yet been checked by a person. Treat every line as unverified until that note changes.