GMX
GMXdefi$5.94-0.19% (24h)
Mkt Cap$62.02M
FDV$62.02M
Vol 24h$4.14M
TVL$178.13M
7d-0.52%
30d+2.39%
ATH$91.07reached Apr 2023
From ATH-93.48%
Market data: 16h ago
Risk score data: 5d ago
AI briefing data: 5d ago
AI Briefing
GMX is a decentralized leverage trading protocol on Arbitrum with $178M TVL and 10.44M circulating tokens (no inflation remaining). The 1.0 FDV/MC ratio indicates full dilution already priced in. Security audit passed with minor issues in June 2024, but source code remains unverified on-chain, raising transparency concerns. Protocol generates modest revenue ($15.74K daily) relative to TVL. Key risk: aged audit (13+ months), unverified contracts, and missing developer activity data. Team composition and community engagement metrics are opaque. Market cap of $62.42M reflects modest institutional confidence in this established but mature DeFi primitive.
Red Flags
Audit passed 13+ months ago; no recent security review despite evolving threat landscape.Contract source code not verified on-chain; reduces transparency and auditability.No developer activity metrics provided; cannot assess maintenance and upgrade cadence.Tokenomics allocation (team, investor, public) undisclosed; insider concentration unknown.Thin protocol revenue relative to TVL; unsustainable fee model or low market activity.
Security Audit
Sherlock6/1/2024passed with issues
Risk Matrix
| Impact ↓ / Likelihood → | high | medium | low |
|---|---|---|---|
| high | — | — | 2 risks |
| medium | — | — | — |
| low | — | — | 1 risk |
Click a cell to expand risks