GMX 🫐 Re-poster

We are pleased to share the latest progress regarding the token repurchase initiative managed by the GMX DAO. During the period spanning May 13 to May 19, 2026, the organization successfully re-acquired a batch of 10,980 GMX tokens. This recent transaction utilized approximately $75,000, resulting in an estimated average acquisition cost of $6.83 per token.

Looking at the overall scope of the program from March 5 through May 19, the cumulative volume of repurchased assets now stands at 190,130 GMX tokens. The total capital deployed for these transactions amounts to about $1,245,000, which establishes a blended average price of approximately $6.55 per token.

gmx:native

Joining GMX has become a much more streamlined experience. Driven by @Privy_io, a newly integrated login layer allows new users to dive in at an accelerated pace, entirely eliminating the necessity of setting up a wallet beforehand. You now have the convenience of signing in through your email, an X or Discord account, or by directly connecting the self-custody wallet you currently rely on.

From May 6 to May 12, 2026, the GMX DAO successfully completed another round of acquisitions, adding 10,650 $GMX to its holdings. This recent purchase required an expenditure of ~$75,000, which translates to an average token price of ~$7.04. 🫐

To give you a broader view of the ongoing initiative, we can look at the cumulative progress made between March 5 and May 12. During this period, the project has repurchased a grand total of 179,150 GMX tokens directly from the open market. The overall financial commitment for the entire program currently sits at ~$1,170,000, resulting in a highly effective blended average rate of ~$6.53 per token. 🔵

Between April 29 and May 5, 2026, the GMX DAO successfully completed a recent round of repurchases by buying back 14,450 $GMX. This specific transaction amounted to ~$105,000, which translates to an average cost of around $7.27 per token. 🫐

Looking at the overall program figures spanning from March 5 to May 5, the organization has now reacquired a total of 168,500 GMX tokens. The comprehensive expenditure for this entire period reached ~$1,095,000, establishing a highly favorable blended average price of ~$6.50 per token. 🔵

We are pleased to announce that Gold and Silver have officially gone live. Users can now engage with these assets onchain 24/7 at rates of 2-4 bps. Furthermore, the platform recorded $1.18B in trading volume this week, resulting in $790K in generated fees. True to our design, the markets at GMX never close.

We are excited to share that GMX is now officially live on @MegaETH, recognized as the very first real-time blockchain.

Users can immediately execute permissionless trades for BTC, ETH, and SOL perps. Furthermore, you have the opportunity to generate yield simply by supplying $USDM to the newly introduced GLV stablecoin vault from GMX. You can also establish your own ref code to bring in friends and secure additional earnings.

Our team is currently prioritizing system stability above all else, but please anticipate further speed optimizations rolling out in the near future.

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Now LIVE: GMX on @MegaETH, the first real-time chain:

🔸Trade BTC, ETH & SOL perps permissionlessly

🔸Earn yield by providing $USDM to GMX's new stablecoin GLV vault

🔸Set your ref code, invite friends, and earn

Stability first; more speed optimizations coming soon:

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From March 18 to March 24, 2026, a successful buyback was executed by the GMX DAO, resulting in the acquisition of 18,500 GMX tokens. The expenditure for this recent action reached ~$120,000, meaning each token was obtained at an average value of ~$6.49. 🫐

Taking a look at the broader initiative spanning from March 5 to March 24, the program has now reclaimed a total of 48,280 GMX tokens. The overall capital dedicated to these repurchases amounts to ~$320,000, which calculates to a blended average rate of ~$6.63 per token. 🔵

$GMX

Reaching an exciting new governance milestone, GMX is officially searching for a CEO.

This crucial position involves driving our overall strategy, bringing a formal structure to our organization, building robust partnerships, and steering GMX into its upcoming era of growth. We are seeking an established leader who possesses a deep comprehension of decentralized infrastructure along with the practical knowledge required to expand it successfully.

The application process is entirely open. We warmly welcome qualified candidates from all backgrounds to submit their credentials.

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Here is a summary of the most recent weekly developments taking place across the permissionless trading platform at GMX:

During the period of March 11 through March 17, 2026, the GMX DAO successfully bought back 16,250 $GMX. This recent acquisition involved an expenditure of roughly $111,000, translating to an average cost of about $6.83 per token. 🫐

When evaluating the entire initiative from March 5 to March 17, the organization has now reclaimed a grand total of 29,780 GMX tokens. The comprehensive spending for the program has reached approximately $200,000, which establishes a blended average purchase price of roughly $6.72 per token. 🔵

Update on the GMX Buy Wall Floor Between March 18 and 25

Financial backing for our latest market initiative has been formally approved through a Tally vote, and the designated resources are safely stored within the GMX multi-sig wallet responsible for managing Protocol-Owned Liquidity. With these funds secured, the Treasury is now deploying a buy wall of 1 million GMX tokens priced at $5 each. As suggested in the Strategic Plan to Restore Price Discovery, this approach serves a dual purpose by allowing us to potentially accumulate GMX at a low cost while smoothly absorbing any extreme supply overhang.

This step follows the highly successful execution of the liquidity consolidation phase detailed in that very same proposal. In addition to these structural improvements, all regular GMX buybacks have fully transitioned over to CEXes, where they are now constantly ongoing.

The newly established buy wall floor is officially active and will remain operational throughout the upcoming weekly epoch spanning March 18 to 25. This specific timeframe provides a convenient alignment with our next scheduled weekly window, matching up perfectly with the 7-day epoch that begins on Wednesday.

Regarding the technical execution, whenever GMX trades at or drops below $5.00, purchasing activity will be directly initiated across both onchain platforms and CEX venues. We currently have an iceberg order active on CEXs to facilitate this, and it will be supplemented accordingly if the $5 floor price is reached. Concurrently, all onchain buying mechanisms will run in parallel to ensure comprehensive and seamless market coverage.

The Governance voting period to choose the Season 4 GMX Security Council is officially open.

As the specialized oversight committee for GMX, the Security Council is tasked with analyzing protocol updates, managing timelock transactions, and delivering organized governance insights on risk issues.

We encourage you to participate and select your favorite candidates by casting your ballot here: https://t.co/urcuFGher9

A Governance vote is now live to elect the GMX Security Council for Season 4.

Please vote for your preferred candidate(s): 🔸https://t.co/urcuFGher9

The Security Council is GMX's dedicated oversight body, responsible for reviewing protocol upgrades, overseeing timelock transactions, and providing structured governance feedback on risk-related matters.

Between March 5 and March 10, 2026, the GMX DAO successfully completed a token repurchase operation. Over this timeframe, the organization bought back a total of 13,530 $GMX tokens. The overall expenditure for these transactions amounted to roughly $89,000, which translates to an average purchase price of around $6.62 per token. 🫐

Here is a statistical overview of the GMX ecosystem. We offer a robust trading infrastructure that is fully accessible to builders and everyday users alike. To date, the platform has supported more than 750K traders while processing over $350B in volume. This activity has occurred across 100+ active markets, resulting in $480M in fees. Additionally, the ecosystem now features 70+ protocol integrations.

For the nearly 2,000 daily traders active on our platform, a major update likely caught your eye this week. GMX has successfully introduced live in-dapp Chat Support. Beyond this new assistance feature, we have implemented a redesign of the Trading Interface. This refresh aims to simplify the management of conditional orders and leverage, while effectively laying the groundwork for the future release of Cross-Margin.

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A new Governance proposal is live on Snapshot:

🔸 "GMX Labs Leadership Update"

Tokenholders, please cast your votes:
https://snapshot.box/#/s:gmx.eth/