An Introduction to GMTrade Protocol: The Third Largest Perp DEX on the Solana Chain (Author: Wood) GMTrade (formerly GMXSOL) launched on the Solana mainnet in March 2025. It is a decentralized perpetual contract platform built by an independent team under the authorization of GMX DAO. The protocol adopts a multi-pool liquidity architecture, dynamic funding rates, and cross-market liquidity scheduling (GLV), achieving capital efficiency and risk isolation. It supports trading of non-cryptocurrency assets such as indices, stocks, commodities, and foreign exchange. As of the end of February, GMTrade's daily trading volume exceeded $200 million, with open contracts surpassing $30 million, and total locked assets around $15 million, making it the third largest Perp DEX on the Solana chain. Read more:

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