Kraken Derivatives 1. října vyřazuje z nabídky 77 perpetuálních kontraktů, včetně AEVO, ARKM, GMX a dalších. Po zastavení obchodování budou kontrakty vypořádány a odstraněny z platformy.
Kraken’s official announcement states that Kraken Derivatives will delist 77 perpetual contracts at 12:00 UTC on October 1, covering assets including 2Z, AEVO, AIXBT, AKT, ANKR, ARKM, AR, BLUR, CELO, ENJ, GMT, GMX, IOTA, MINA, NEO, THETA, VET, ZIL, ZRX, and others. Once trading on these contracts is halted, they will be settled and removed from the platform. Separately, Kraken will delist perpetual contracts for SUN, MTL, IOST, and XVS on September 3, and COTI perpetual contracts on September 7.
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GMX spustil perpetual markets QQQ/USD a SPY/USD na Arbitrum, dostupné 24/7 přes Ethereum, Base a BNB Chain. Uživatelé mohou obchodovat s pákou až 50x během hodin amerického trhu a až 25x mimo ně.
QQQ/USD and SPY/USD perpetual markets are live on GMX on Arbitrum, and accessible from Ethereum, Base, and BNB Chain via Multichain. Traders on GMX can now long or short the two most widely traded US equity ETFs — the Invesco QQQ Trust Series 1 and the SPDR S&P 500 ETF Trust — 24 hours a day, seven days a week.
QQQ tracks the 100 largest non-financial companies listed on Nasdaq, weighting it heavily toward tech. SPY tracks the S&P 500, the standard benchmark for the US market as a whole. Both appear in the market dropdown under TradFi, in a new Indices group alongside Commodities.
Both run on the same session schedule already live for SPCX/USD. Leverage is available up to 50x during US market hours and up to 25x outside them. The switchover changes which risk parameter set is active; it does not gate trading. Positions can be opened, adjusted and closed at any hour, including weekends and US market holidays, and neither market launches with a cap on open interest.
Trading fees follow GMX’s energy markets: just 1 or 2 basis points during on-hours and 4 or 6 bps during off-hours, the lower figure applying when a position improves the balance of open interest and the higher when it worsens it.
Pricing is powered by Chainlink’s perp-optimized Data Streams, the same low-latency oracle infrastructure behind GMX’s gold, silver, energy, and crypto markets.
Each market is backed by its own risk-isolated GM liquidity pool on Arbitrum:
QQQ/USD [WETH-USDC]
SPY/USD [WETH-USDC]
For these two markets, GLV [WETH-USDC] is the only supported route in; the GM tokens are not directly purchasable.
GLV is the GMX Liquidity Vault these markets share with GMX’s commodity markets; it rebalances liquidity across its constituent GM markets according to trader demand, so depositors earn from fee generation across the whole set rather than just a single market.
Index exposure outside the bell is not new; futures on both indices trade nearly around the clock on weekdays. What they do not do is trade through the weekend, and getting to them means a futures account, margin held at a broker, and a position you cannot custody.
GMX’s perps have no expiry and no roll. They mark to an oracle price and use funding to keep it near the underlying, which lets the market stay open continuously while risk parameters tighten during the hours when the underlying is illiquid. That is what the on-hours/off-hours split achieves: it prices the risk of a thin session, rather than blocking users from trading.
QQQ and SPY are wave 1 of GMX’s TradFi expansion. They extend the RWA lineup GMX has been building since gold and silver launched in April — commodities, energy, pre-IPO equity, and now broad US equity exposure — on the same infrastructure and execution stack as our crypto perps.
Trade them permissionlessly at:
> app.gmx.io
QQQ/USD and SPY/USD are synthetic perp markets. They reflect the market-implied price of the underlying ETF and confer no ownership of the fund or its holdings, no voting rights, and no entitlement to dividends or distributions.
GMX v červencových aktualizacích přidal nativní podporu smart walletů a obchodování na jedno kliknutí. Platforma také umožňuje instalaci aplikace přímo do zařízení.
GMX just made trading on its decentralized perpetuals platform feel a lot more like using a regular app. The protocol’s July updates introduced native smart wallet support alongside Express and One-Click trading features, essentially removing the friction that makes decentralized exchanges feel clunky compared to their centralized counterparts.
What actually changed The two updates delivered in July brought a handful of meaningful improvements beyond the headline features. Swap routing visuals got an overhaul, giving traders clearer insight into how their orders are being routed across liquidity pools.
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Users can also install the GMX app directly on their devices. This is a progressive web app approach that lets traders bypass the browser entirely and access the platform from their home screen.
The bigger picture for GMX GMX operates on Arbitrum and Avalanche, two networks that have carved out significant niches in the DeFi ecosystem. The platform completed its phase-out of the legacy V1 trading system and GLP liquidity model by July 2025, fully transitioning to the V2 architecture.
V2 centers around GM pools and GLV vaults as the primary liquidity products. Instead of one giant pool absorbing all risk, V2 breaks liquidity into isolated markets, giving liquidity providers more granular control over their exposure.
The protocol has also expanded its asset coverage beyond crypto. GMX now supports perpetuals markets for gold and silver, operational around the clock.
On the token economics side, the GMX DAO has been running a fee-based buyback program since March 2026. The DAO has repurchased over 384,000 GMX tokens for roughly $2.4 million, working out to an average price of approximately $6.25 per token.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
GMX DAO už odkoupila přes 384 000 GMX za zhruba 2,4 milionu USD, včetně posledních 12 380 tokenů za asi 85 000 USD. Program financuje 27 % protokolových poplatků.
GMX DAO continues its systematic token buyback campaign, having now repurchased over 384,000 GMX tokens for approximately $2.4 million at an average price of $6.25. The latest tranche saw 12,380 tokens acquired for roughly $85,000, adding to what has become one of the more aggressive treasury accumulation strategies in DeFi.
The buyback machine in detail Since March 5, 2026, the GMX DAO has repurchased 313,650 GMX tokens for approximately $1.965 million, averaging $6.27 per token. The pace accelerated meaningfully in Q2 2026, when the DAO scooped up 228,030 tokens for around $1.41 million at an average of $6.18.
One particularly notable weekly buyback occurred from June 24 to 30, when 23,280 GMX were acquired for $125,000. That batch averaged $5.37 per token, a meaningful discount compared to the broader program average of $6.25.
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The funding mechanism is what makes this program structurally interesting. The DAO redirected 27% of protocol fees, money that was traditionally distributed to GMX stakers as yield, toward these open-market buybacks. Stakers who were counting on passive income from fees are now watching those revenues get converted into treasury assets instead.
Liquidity reshuffling and Solana expansion The DAO has signaled plans to withdraw approximately 600,000 GMX tokens from external decentralized exchange liquidity pools. Those tokens would be redeployed into GMX’s own pools, consolidating liquidity under the protocol’s direct control.
Additionally, GMX appears to be expanding its footprint to Solana through a platform called GMTrade.xyz. GMX built its reputation on Arbitrum and is extending into the Solana perpetuals market via this expansion.
Market reaction and the $90 threshold GMX’s token price hasn’t significantly moved on the back of these purchases. Earlier buyback rounds did little to move the needle on valuation, which is partly why the DAO has been iterating on its approach.
According to the DAO’s governance framework, rewards from the buyback program will only be distributed when GMX achieves trading levels above $90. With the token currently trading in the $6 range, that threshold is roughly 14x away. It ensures accumulated tokens aren’t dumped back onto the market at these levels.
What this means for investors The 27% fee redirection creates a measurable reduction in staking yield. Anyone evaluating GMX staking needs to factor in that roughly a quarter of what used to be distributed as rewards is now going into buybacks instead.
The liquidity consolidation strategy could reduce GMX’s presence on popular DEX aggregators. If 600,000 tokens get pulled from external pools, it may become harder to trade GMX on certain platforms, potentially widening spreads before the DAO’s own pools absorb that volume.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
GMX uvedl, že jeho chytré kontrakty zůstávají otevřené všem uživatelům, včetně těch z EU, navzdory pravidlům MiCA. Zatímco centralizované platformy zpřísňují přístup, GMX zůstává dostupný bez omezení.
Most major EU crypto platforms have begun restricting access to users due to the implementation of the Markets in Crypto-Assets (MiCA) regulations. However, GMX, a decentralized perpetual exchange, announced that its smart contracts remain open to all users, including those in the EU. This divergence underscores the regulatory impact of MiCA, which mandates that centralized platforms comply with stringent authorization and operational requirements, while decentralized protocols like GMX are less affected due to their lack of a centralized operator. The new rules, effective July 1, 2026, conclude an 18-month transition period for EU-based Crypto-Asset Service Providers (CASPs) to comply or cease operations.
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Key Takeaways Market activity suggests a possible decrease in Bitcoin’s future price expectations, with implications that regulatory pressures like MiCA could hinder market growth. GMX’s ability to operate outside MiCA’s scope could provide it an advantage over centralized platforms now facing stricter compliance requirements. The adjustment in Bitcoin market pricing appears consistent with participants viewing regulatory developments as a constraint on the cryptocurrency reaching higher price targets. What to Watch The EU’s MiCA regulations have introduced significant changes for crypto platforms, with centralized exchanges facing new compliance hurdles. Observers should monitor how these developments affect user behavior and market dynamics, particularly if decentralized platforms like GMX attract users from centralized exchanges. Additionally, the response from key market actors and potential regulatory adjustments will be crucial in determining the future landscape for crypto assets in the EU.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 1.8% — — View market → December 31 2.1% — — View market → December 31 2.3% — — View market → December 31 3% — — View market → December 31 5.5% — — View market → January 1 2027 10.5% — — View market → January 1 2027 44.5% — — View market → January 1 2027 8.5% — — View market → January 1 2027 1.7% — — View market → January 1 2027 2.4% — — View market → January 1 2027 2.9% — — View market → January 1 2027 4.5% — — View market → January 1 2027 7.5% — — View market → January 1 2027 82% — — View market → January 1 2027 15.5% — — View market → January 1 2027 1.4% — — View market → January 1 2027 4.2% — — View market → January 1 2027 62.5% — — View market → January 1 2027 29% — — View market → January 1 2027 11.5% — — View market → January 1 2027 4.5% — — View market → January 1 2027 4.3% — — View market → January 1 2027 2.9% — — View market → January 1 2027 1.4% — — View market → January 1 2027 1% — — View market → January 1 2027 12% — — View market → January 1 2027 20.5% — — View market →
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 stolen from the project.
Crypto Hacker Takes $42 Million From GMX On Friday, the recent GMX V1 exploit ended on a happy note after the individual responsible for the incident turned into a white-hat hacker. Perpetual and spot crypto exchange GMX lost over $40 million on Wednesday when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum.
According to online reports, GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations.
Blockchain security firm SlowMist explained that “The root cause of this attack stems from GMX v1’s design flaw, where short position operations immediately update the global short average prices (globalShortAveragePrices), which directly impacts the calculation of Assets Under Management (AUM), thereby allowing manipulation of GLP token pricing.”
Through a reentrancy attack, they successfully established massive short positions to manipulate the global average prices, artificially inflating GLP prices within a single transaction and profiting through redemption operations.
As a result, approximately $42 million worth of assets, including Legacy Frax Dollar (FRAX), wrapped bitcoin (WBTC), wrapped ETH (WETH), and other tokens, were transferred from the GLP pool to an unknown wallet.
The perpetual crypto exchange halted GMX V1’s trading and GLP’s minting and redeeming on both Arbitrum and Avalanche to prevent another attack and protect users’ funds. However, they clarified that the exploit was limited to GMX’s V1 and its GLP pool. GMX V2, its markets, or liquidity pools, and the GMX token were not affected and remained safe.
White-Hat Claims $5 Million Bounty Following the incident, GMX sent a message on-chain and on X offering a $5 million white-hat bounty to the attacker, claiming that their abilities were “evident to anyone looking into the exploit transactions.”
GMX’s team noted that returning the funds within the next 48 hours and accepting the bounty would allow the hacker to “spend the funds freely,” instead of taking additional risks to access them. They also vowed not to pursue any legal action and to assist the exploiter in providing proof of source for the funds if it is ever required.
Today, the exploiter responded in an on-chain message, accepting the bounty and starting the return process. As Lookonchain reported, they initially returned $10.49 million worth of FRAX on Friday morning.
GMX exploiter accepts white-hat bounty. Source: Lookonchain on X Meanwhile, another $32 million worth of assets had been swapped into 11,700 ETH, which are now valued at $35 million after the King of Altcoins’ price jumped to the $2,990 mark.
In the following hours, the hacker returned 10,000 ETH, worth $30 million, keeping only 1,700 ETH, valued at $5.2 million, as the bounty.
GMX later confirmed that the funds have now been safely returned and thanked the white-hat hacker for their actions, ultimately giving a positive turn to the incident.
Lastly, they informed users that “contributors are working on a proposed distribution plan for presentation to the GMX DAO and will share more information shortly.”
GMX token trades at $13.24 in the one-week chart. Source: GMXUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com
GMX spustil perpetuální trhy na MegaETH s Chainlink Data Streams a 10ms bloky pro rychlejší onchain obchodování. MegaETH tím zpřístupňuje téměř 14 miliard USD aktiv a GMX rozšiřuje dosah na více než 740 000 traderů.
TLDR: GMX has facilitated over $363 billion in notional volume across eight chains, now adding MegaETH. MegaETH processes up to 100,000 transactions per second with 10-millisecond block confirmation times. Chainlink’s oracle infrastructure has enabled over $28 trillion in total transaction value across DeFi. MegaETH’s Chainlink integration unlocks nearly $14 billion in assets for over 740,000 GMX traders. GMX has launched perpetual markets on MegaETH, combining Chainlink Data Streams with the blockchain’s 10-millisecond block times.
The deployment brings real-time trade execution to one of DeFi’s most active perpetual exchanges. With over $363 billion in notional volume, GMX continues expanding its multichain presence.
This move aims to close the performance gap between decentralized and centralized trading platforms.
GMX’s integration with MegaETH marks a notable step in onchain derivatives trading. MegaETH processes up to 100,000 transactions per second, making it the first real-time blockchain.
These speeds allow GMX to offer faster price updates than most decentralized competitors. The result is a trading environment that mirrors the responsiveness of centralized exchanges.
Chainlink Data Streams serve as the oracle backbone for this deployment. The pull-based oracle solution delivers sub-second price data directly to GMX’s smart contracts.
This setup supports lower gas fees while maintaining accurate and timely price feeds. Chainlink’s infrastructure has already enabled over $28 trillion in transaction value across DeFi.
GMX first partnered with Chainlink Data Streams in 2023 following a community governance vote. That partnership laid the groundwork for GMX V2’s computationally dense contract architecture.
The current MegaETH deployment builds directly on that foundation. It runs on the same proven GMX stack operating across seven other chains.
The initial launch phase prioritizes stability and performance consistency across the network. A second phase will introduce MegaETH-specific optimizations without disrupting the existing trading experience.
GMX serves over 740,000 traders and integrates with more than 70 DeFi protocols. Adding MegaETH extends that reach to a new layer of high-throughput users.
MegaETH’s Chainlink Integration Opens Access to Major DeFi Assets MegaETH joined the Chainlink Scale program last month, expanding its oracle capabilities. The integration covers Chainlink Data Feeds, Data Streams, and the Cross-Chain Interoperability Protocol.
Through these tools, MegaETH users can now access nearly $14 billion in assets. These include Lido’s wstETH, Lombard’s BTC.b, and LBTC.
The Scale program connection also brings top DeFi protocols to MegaETH users immediately. Aave, Avon, HelloTrade, and GMX are among the protocols now accessible on the chain.
Each protocol benefits from Chainlink’s real-time oracle data flowing through MegaETH’s high-speed infrastructure. Together, they form a growing DeFi ecosystem built for performance.
A 2024 GMX case study confirmed Chainlink’s role in building secure, high-performance decentralized exchanges. The study showed how oracle quality directly affects user experience and platform safety.
Faster price updates reduce the risk of delayed liquidations during volatile market conditions. This directly protects traders from avoidable losses caused by stale price data.
As real-time blockchain infrastructure matures, partnerships like this one reflect where DeFi is heading. GMX and Chainlink are building tools that meet traders where centralized platforms currently operate.
MegaETH provides the speed layer that makes this possible at scale. The deployment represents a practical, tested approach to advancing perpetual market infrastructure onchain.
GMX spustil 24/7 syntetické perpetual swapy na zlato XAU/USD a stříbro XAG/USD. Ceny zajišťuje Chainlink Data Streams a obchodování běží na Arbitrum One i dalších sítích.
GMX now offers perpetual swaps on the two most popular precious metals: Gold (XAU/USD) and Silver (XAG/USD). Both markets are frictionless synthetic perps: positions are opened and settled onchain using WETH-USDC liquidity, with pricing secured via Chainlink’s low-latency Data Streams.
Market names: XAU/USD and XAG/USD
Availability: 24/7, continuous
Market type: Synthetic perpetuals (no spot asset)
Maximum leverage: 100x during on-hours / 25x during off-hours
Pricing: Chainlink Data Streams
Collateral backing: WETH-USDC GM liquidity pools
Dynamic GLV liquidity: Both GM pools are included in GLV [ETH-USDC]; GLV holders earn fee revenue from these markets, and liquidity automatically rebalances to these markets based on trader demand
Trading fees: 4 bps for the underweight side of open interest; 6 bps for the overweight side Now just 1 or 2 bps during market hours!
Primary deployment: Arbitrum One
Multichain access: Traders on Base, BNB Chain, and Ethereum Mainnet can also frictionlessly access these markets on GMX
Gold and Silver are two of the most liquid financial instruments globally, with daily turnover in the hundreds of billions across spot and futures markets. Gold (as seen again very recently) serves as a global pricing reference for inflation expectations, currency strength, geopolitical risk, and real interest rates.
Unlike equity markets, these commodities do not have exchange hours that create structural gaps in pricing or forced position closures. Both metals trade continuously across global futures and OTC markets. Traders are generally not heavily exposed to overnight risk from closed markets or to the spread distortions that follow a market re-open.
These properties make XAU/USD and XAG/USD very suitable for 24/7 on-chain perp trading. Moreover, the industry has shown significant demand for trading real-world assets lately, and GMX has been eager to offer access to these markets.
Both XAU/USD and XAG/USD markets leverage Chainlink Data Streams to ensure secure, reliable price data, operating on the same decentralized oracle infrastructure that underpins GMX’s more than 100 existing perps.
Chainlink Data Streams provide fast, reliable, and rich onchain data delivery, enabling decentralized applications to access high-frequency, real-time data on demand with cryptographic verification, powering latency-sensitive onchain financial products.
A sub-second delivery oracle that draws on global liquidity is an essential condition for running these GMX markets at acceptable risk parameters, for both traders and liquidity providers that depend on accurate real-time pricing for their positions.
The launch of XAU/USD and XAG/USD highlights GMX’s expansion into perps for commodities and other real-world assets. This reflects a broader assessment of where our permissionless derivatives trading infrastructure can meaningfully extend.
Crypto assets have been the natural starting point. But the architecture that supports those GMX markets — synthetic structure, oracle pricing, 24/7 settlement, permissionless access — is not specific to crypto. It applies equally to any globally traded financial instrument where continuous pricing exists, and deep underlying liquidity prevents manipulation.
Gold and silver markets are the opening position in that RWA direction. The required decentralized infrastructure is now increasingly available. Future expansion into other precious metals and asset classes is coming, evaluated on the same criteria: pricing availability, underlying market depth, and oracle coverage.
GMX’s objective is to be the go-to permissionless, composable, open platform for a broad range of financial markets — trade any leading asset, from any leading public blockchain.
“Gold and silver perps on GMX are the first step in a broader move into real-world assets. The infrastructure — synthetic markets, oracle pricing, 24/7 settlement — doesn’t care whether the underlying is a crypto token or a commodity. Chainlink Data Streams give us the pricing reliability these markets require. More asset classes are coming.” — Jone Zee, Communications Coordinator at GMX
“We’re excited to see GMX adopt Chainlink to power its newly launched gold and silver perpetual markets. Through Chainlink, GMX is establishing advanced markets where commodities are accessible to everyone and traded 24/7. This is how we enter a new era where the world’s largest commodities are traded onchain at a massive scale.” — Johann Eid, Chief Business Officer, Chainlink Labs
XAU/USD (Gold) and XAG/USD (Silver) perpetuals are live now; you can start trading the new 24/7 markets here:
GMX a Gains Network předložily návrhy na integraci do připravovaného perpetuals marketplace Kwenta. Cílem je rozšířit likviditu a nabídnout uživatelům více trhů na Arbitrum.
Grand Cayman, Cayman Islands, July 9th, 2024, Chainwire
In a step forward for the derivatives ecosystem on Arbitrum, two prominent DeFi projects, GMX and Gains Network, have unveiled bids to integrate their platforms into Kwenta’s upcoming perpetuals marketplace. Kwenta, the leading perpetual futures exchange on Optimism, expanded its reach earlier this year by launching the Base network, reflecting a larger plan to connect derivatives liquidity across multiple chains. This announcement follows the recent approval of a grant from the Arbitrum DAO aimed at supporting Kwenta’s initial expansion to the Arbitrum network.
Product Offerings from GMX and Gains Network Table of Contents
Product Offerings from GMX and Gains NetworkStrengthening the Arbitrum EcosystemLooking AheadAbout KwentaContact GMX and Gains Network have submitted their proposals to integrate their liquidity into Kwenta’s platform. These integrations aim to enhance the trading experience for Kwenta users by providing access to additional markets and liquidity, while taking advantage of Kwenta’s UX-focused roadmap, which includes allowing traders to log in with traditional web2 credentials and sponsoring gasless transactions.
GMX v2, Arbitrum’s flagship perpetual futures AMM (Automated Market Maker), built on the initial success of their v1 product by being the first to integrate Chainlink Data Streams, a low latency product from the leading oracle provider aimed at high-performance applications. The lower fees and wider selection of markets available on GMX v2 allowed the offering to quickly grow in popularity with onchain traders.
Gains Network, known for its gTrade platform, offers a wide variety of trading pairs, including cryptocurrencies, forex, and commodities, supported by their decentralized oracle network. Gains Network’s innovative approach to perpetual futures provides traders access to up to 150x leverage on a growing list of nearly 200 markets.
Strengthening the Arbitrum Ecosystem The integration of GMX and Gains Network into Kwenta’s perpetuals marketplace is expected to drive growth in the onchain perpetuals space by allowing users to easily access advanced DeFi products from Kwenta’s easy-to-use UX layer. While retail-focused applications have made huge steps forward in allowing users to quickly access the best prices for token swaps and bridging, onchain leverage has remained a complex product for more sophisticated DeFi enthusiasts.
This strategic expansion brings Arbitrum’s most popular derivatives trading venues under a single platform, providing a simple and familiar experience for traders new to onchain products. Kwenta’s roadmap promises to build on these quality of life features, allowing users to interact with multiple protocols in a single application.
Looking Ahead Kwenta is currently inviting community feedback on these proposals as it moves towards finalizing its perpetuals marketplace. The potential integrations with GMX and Gains Network align with Kwenta’s mission to provide a superior decentralized trading experience. With these developments, Kwenta is aims to become a leading venue for DeFi derivatives trading on Arbitrum.
About Kwenta Kwenta is an onchain derivatives marketplace on Optimism, Base, and Arbitrum. The platform offers easy-to-use tools to access deep liquidity and low fees onchain, while users retain full custody of their funds. With over $50 billion in trading volume through its community-governed platform, Kwenta is committed to developing tools that bring DeFi to everyone.
For more details, users can follow Kwenta’s governance discussion channels on Discord.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
