GMX V1 AMM
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Protocol TVL
About GMX V1 AMM
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.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
GMX V1 AMM codebase lineage and protocol family
GMX V1 AMM is published as a versioned release inside the Gmx protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Parent Protocol
GMX V1 AMM is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
GmxGMX V1 AMM Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Aug 29, 2024Listed on DeFiLlama
Protocol Profile
GMX V1 AMM is a DEX — a decentralised exchange where users swap assets against on-chain liquidity pools rather than a central order book.
Official Resources & Links
Verified external resources for GMX V1 AMM — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other DEX protocols on Mantapex
GMX V1 AMM is one of 7 DEX protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Curve DEX, Uniswap V3, PancakeSwap AMM, and 3 more. These peer protocols collectively secure $8B in deposits, giving you a frame of reference for whether GMX V1 AMM's own TVL is at the top, middle, or tail of the category.
Recent GMX V1 AMM news
Latest reporting from major crypto news outlets covering GMX V1 AMM.
- Crypto Daily
$42M Stolen in GMX V1 Exploit as Exchange Shuts Down Trading
Decentralized derivatives exchange GMX has confirmed a $42 million exploit targeting its GMX V1 GLP pool on Arbitrum, prompting a temporary shutdown of trading and a white-hat…
- Cryptopolitan
Hacker exploits GMX V1 through malicious smart contract, minting unauthorized tokens
GMX was exploited for $42M, after a hacker deployed a malicious smart contract.
- Cointelegraph
GMX halts trading, token minting following $40 million exploit
The exploit of the GMX V1 decentralized exchange is the latest in a string of attacks targeting crypto firms and users in 2025.
- Cointelegraph
GMX halts trading, token minting following $40M exploit
The exploit of the GMX V1 decentralized exchange is the latest in a string of attacks targeting crypto firms and users in 2025.
- BitDegree
GMX Breach: Hacker Returns $20 Million, Keeps 10% as Reward
A hacker who recently drained $40 million from GMX's original trading platform, GMX V1, has begun returning the funds, following an agreement with the GMX team.
- Crypto Economy
GMX Suffers $42 Million Exploit—Hacker Drains Liquidity Pool and Vanishes
TL;DR An attacker drained $42 million from GMX V1's GLP liquidity pool on Arbitrum, forcing the suspension of operations on that version and on Avalanche. The exploit affected…
- NewsBTC
Happy Ending: Crypto Hacker Returns Funds From $42 Million GMX Exploit
In a positive development for the crypto community, the individual responsible for the GMX exploit accepted the platform's bounty and returned over $40 million worth of assets…
- AMBCrypto
$40M lost! – All about GMX's V1 hack and what to watch out for
GMX faces a $40M loss from a V1 exploit, adding to 2025's growing crypto attack trend.
Related protocols
Other DeFi protocols connected to GMX V1 AMM by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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