GMX token price

What this GMX price represents

The card reads the official GMX Arbitrum Oracle ticker and token-decimal list. Raw prices use 30-decimal USD precision adjusted for the token's 18 decimals. We decode minPrice and maxPrice, then show their midpoint as a mark-price reference.

This is not an exchange order-book quote. The price available for a buy or sale can differ by venue, liquidity, fees and latency. Always inspect the final wallet transaction and the destination venue before trading.

GMX supply and token utility

GMX documentation describes a forecast maximum supply of 13.25 million GMX. The allocation includes migrations, GMX/ETH liquidity, esGMX vesting, treasury holdings, integrations and contributors. Governance can mint beyond the forecast maximum after a 28-day timelock.

GMX is a utility and governance token. Staked GMX and esGMX can provide GMX_DAO voting power at a one-to-one rate. Staking power and loyalty mechanics are separate from the market price, and the official reward documentation should be rechecked before estimating a yield.

Buybacks can create demand, not a price floor

GMX states that 27% of protocol fees are used to buy back GMX. Current documentation says distribution of bought-back tokens is suspended and that accumulated GMX remains undistributed until the token price reaches 90 dollars. That policy can change through protocol governance.

Buybacks do not guarantee appreciation. Protocol volume, fee revenue, token emissions, holder selling, broader crypto conditions and regulatory or smart-contract risk can outweigh buyback demand.

How to assess the GMX price

Start with observable operating data: trading volume, open interest, liquidity, fee revenue, buyback amounts, network activity and governance proposals. Compare these with fully diluted supply assumptions rather than multiplying price by an unverified circulating-supply number.

For a scenario framework instead of a fabricated target, read our GMX price outlook. The GMX tokenomics guide explains allocation and utility, while the GMX statistics page tracks current market activity.

Sources and update policy

Live values come from the official GMX Oracle API and refresh every 30 seconds in the browser. Supply, buyback and utility statements were reviewed against GMX token documentation, reward documentation and voting-power documentation.