GMX (GMX) Lending Rates Up to 2.5% APY

Find the best GMX lending rates and earn up to 2.5% APY. Compare 1 platforms side-by-side.

Last updated: November 28, 2024|Advertising disclosure

GMX Lending Guide

How to lend GMX

Crypto lending guide

Platform	Coin	Interest rate
Bitget	GMX (GMX)	Up to 2.5% APY

Platform

Coin

Interest rate

Bitget

GMX (GMX)

Up to 2.5% APY

Frequently Asked Questions About GMX (GMX) Lending

What is GMX (GMX) and what is it used for?

GMX is a decentralized exchange (DEX) token tied to the GMX platform, which focuses on enabling low-fee, non-custodial trading and liquidity provision. The GMX token typically serves multiple roles, including governance rights to shape platform upgrades, staking incentives to secure the protocol, and potential fee-sharing or rewards mechanisms for liquidity providers. As with many DeFi tokens, the exact utility can evolve, so it’s important to review the latest protocol documentation and official announcements for current use cases, staking rewards, and any scheduled harvest or distribution events.

How many GMX tokens are in circulation and what is the max supply?

As of now, there are approximately 10,382,345.59 GMX in circulating supply, with a maximum supply of 13,250,000 GMX. This implies a capped supply, which can influence scarcity and potential price dynamics over time. Investors should monitor on-chain data and project disclosures for any changes to supply mechanics, such as planned token burns, minting events, or governance-driven adjustments.

What is the current price trend and market status of GMX?

GMX is currently priced around $7.55 per token. In the last 24 hours, the price rose by about 3.4%, signaling positive near-term momentum. The market cap sits in the tens of millions range, reflecting the token’s relatively mid-level market presence. As always with crypto, price movements can be volatile and influenced by broader market conditions, project updates, and liquidity on exchanges. Consider checking real-time price feeds and volume metrics before making any trading decisions.

Where can I buy or trade GMX, and what should I know before doing so?

GMX can typically be traded on major decentralized and centralized platforms that list the token. When using a DEX, you’ll interact with liquidity pools and may need a compatible wallet (e.g., MetaMask) and some native token for gas. Before trading, verify contract addresses from official sources to avoid imitation tokens, understand the liquidity depth, and review any trading fees or slippage settings. If you’re a long-term holder, explore staking or governance opportunities if available, and keep an eye on security best practices to protect your funds.

What are the risks and key considerations for GMX investors?

Key considerations include market volatility, contract risk, and changes in token utility. As a DeFi token with governance features, its value is sensitive to protocol upgrades, security incidents, and competition from other DEX platforms. Liquidity risk can affect trade execution, and staking or yield programs may lock up funds or have complex reward structures. Always perform due diligence: read the official GMX docs, audit reports, and the latest community updates. Diversify your portfolio, set risk limits, and only invest what you can afford to lose.

Frequently Asked Questions About GMX (GMX) Lending