# GMX

By [Untitled](https://paragraph.com/@0xf88ec37372dd2bc887226b6b3db706bcc9327570) · 2023-06-08

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GMX is a decentralized exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) for trading perpetual cryptocurrency futures with up to 50X leverage on popular cryptocurrencies like [BTC](https://coinmarketcap.com/currencies/bitcoin/), [ETH](https://coinmarketcap.com/currencies/ethereum/) and more. The platform launched in September 2021 as Gambit Exchange. To date, GMX has a total trading volume of over $130B and 283K total users, making it the leading derivatives DEX on Arbitrum and Avalanche.

GMX runs on the [Arbitrum](https://coinmarketcap.com/alexandria/article/what-is-arbitrum) and the [Avalanche blockchain](https://coinmarketcap.com/alexandria/article/what-is-avalanche-a-guide-to-avalanche-s-ecosystem). These ecosystems are connected to the exchange via Synapse — a cross-chain [bridge](https://coinmarketcap.com/alexandria/article/what-are-cross-chain-bridges).

[https://opensea.io/assets/0xe186dC1F57b12CbC5aA2934fbC3459075d54F527/1](https://opensea.io/assets/0xe186dC1F57b12CbC5aA2934fbC3459075d54F527/1)

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*Originally published on [Untitled](https://paragraph.com/@0xf88ec37372dd2bc887226b6b3db706bcc9327570/gmx)*