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About GMTrade
GMTrade is a decentralized perpetual contract trading platform on Solana, formerly known as GMXSOL and rebranded in November 2025. Its core business is leveraged trading of crypto assets and real-world assets (RWA) such as gold, oil, forex, and stock indices, all on-chain with 24/7 availability.
Its main competitive edge lies in the multi-pool architecture (isolated GM Pools plus a Global Liquidity Vault for cross-market capital allocation), which improves capital efficiency while isolating risk. The platform also offers low fees (around 0.05%) and fast execution enabled by Solana's high performance. The key market pain point it addresses is the difficulty traders face in gaining on-chain exposure to traditional assets without relying on centralized brokers, while avoiding the risk concentration problems of single-liquidity-pool designs.
In the past six months (March to September 2026), GMTrade has shown steady growth. By late February 2026, its 24-hour trading volume exceeded $200 million, open interest surpassed $30 million, and total value locked approached $15 million, making it the third-largest perpetual DEX on Solana. In September 2026, it launched 24/7 commodity perpetual trading (including gold and oil) powered by Chainlink Data Streams for reliable price data. No major negative events were reported during this period, and the project has maintained its independent brand identity distinct from any similarly named protocols.
GMTrade originated as GMXSOL, a GMX DAO-authorized deployment on Solana, launching on mainnet on March 12, 2025. It rebranded to GMTrade on November 26, 2025, establishing an independent protocol and introducing GT Points for a future TGE. The platform integrated Chainlink Low-Latency Data Streams to enable 24/7 perpetual trading for commodities such as gold, silver, and WTI crude oil, expanding to nearly 90 markets. By May 2026, GMTrade recorded $51.73B in 30-day trading volume, capturing roughly 74% of Solana's perp DEX volume, with cumulative volume exceeding $142B. These milestones mark its evolution from a GMX fork into a leading independent RWA perp DEX.
Over the past six months (2026-03-04 to 2026-09-04), GMTrade has made significant strides. It launched 24/7 perpetual commodities trading on Solana, including gold, silver, and WTI crude oil, powered by Chainlink Data Streams for real-time pricing. The platform surpassed $142B in total trading volume, with a peak monthly volume of $51.73B in May 2026, representing ~74% of all Solana perp DEX volume. It expanded to nearly 90 markets, evolving from a GMX fork into an independent protocol. Future focus includes scaling to thousands of markets (FX, indices, stocks), a mobile-first app for seamless on-chain trading, and maintaining ultra-low fees (0.5 bps) via the pooled liquidity model. The team is also evaluating prediction markets as a potential expansion.
William (Co-founder): Entered crypto in 2014, mined Bitcoin in high school, co-founded several crypto projects, worked in institutional market making, started trading perpetuals in 2017, ranked #9 on GMX historical PnL leaderboard in 2023.
xChill (Core Contributor): No detailed bio available.