What is GMX?

GMX is a permissionless on-chain exchange that allows trading of over 70 assets with leverage of up to 100 times. It operates on multiple blockchains, including Arbitrum, Avalanche, and Solana, with plans for multichain access from various EVM-compatible networks.

The exchange utilizes isolated GM pools and GLV vaults to facilitate trading and liquidity provision. Users can contribute liquidity and earn fees through these mechanisms. The project's focus on decentralization supports self-custody wallet transactions.