Derivatives
GMX V2 Perps
Total TVL
$176.57M
Active pools
139
Chains supported
4
Official site: https://gmx.io ↗
Overview
GMX V2 Perps is a derivatives protocol that facilitates perpetual swaps, allowing users to trade leveraged long and short positions on various assets without expiry dates. Participants can earn fees by providing liquidity or trading, with the protocol generating revenue from transaction costs.
The protocol holds $201M in TVL across 139 active pools on two chains: Arbitrum dominates at 94%, followed by Avalanche at 5.5%. This distribution highlights a strong focus on L2 scaling solutions, particularly Arbitrum, while also maintaining a presence on the high-throughput Avalanche network.
Audit posture is light, with just one audit reference in the data. Token economics details are unavailable, but the protocol operates with an official website.
Composed 2026-05-21 from the structured data above. See methodology for the full pipeline.
TVL by chain
TVL history
Top pools
| Chain | Symbol | TVL | APY |
|---|---|---|---|
| Arbitrum | WBTC.B-USDC | $42.57M | 16.39% |
| Arbitrum | ETH-USDC | $41.35M | 17.57% |
| Arbitrum | ETH-ETH | $14.27M | 2.22% |
| Arbitrum | WBTC.B-WBTC.B | $6.79M | 8.01% |
| Avalanche | AVAX-USDC | $4.36M | 8.69% |
| Arbitrum | SOL-USDC | $3.70M | 7.76% |
| Arbitrum | ETH-USDC | $3.31M | 3.76% |
| Arbitrum | LINK-USDC | $2.75M | 13.85% |
| Arbitrum | WBTC.B-USDC | $2.60M | 5.86% |
| Arbitrum | ETH-USDC | $2.43M | 0.24% |
FAQ
› What is GMX V2 Perps?
GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades. Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees, leverage trading (spreads, funding fees & liquidations) and asset rebalancing.
› How much TVL does GMX V2 Perps have?
GMX V2 Perps has $176.57M in total value locked across all supported chains as of the last refresh.
› How many active pools does GMX V2 Perps have?
We currently track 139 active pools for GMX V2 Perps.
› Is GMX V2 Perps audited?
DefiLlama lists 1 audit for GMX V2 Perps. Audits reduce smart-contract risk but do not eliminate it.
See our methodology for how this data is collected.