September 29, 2025 – Nassau, Bahamas
GMX, the leading permissionless onchain perpetual exchange, today announces the launch of GMX Multichain with an expansion to Base, Coinbase’s Ethereum layer-two network.
This milestone expands GMX’s reach to over 1.3 million Base users, enabling seamless cross-chain access to its deep-liquidity perp and swap markets.
Powered by LayerZero the industry’s leading interoperability protocol GMX Multichain allows traders and liquidity providers from all other EVM (Ethereum virtual machine) chains to use GMX’s battle-tested DeFi infrastructure frictionlessly.
With this launch, GMX has taken a major step on its path to provide permissionless, high-performance perpetual trading across every major public blockchain.
Jone Zee, communications coordinator at GMX, said,
“Multichain is GMX’s answer to scaling a successful perp DEX (decentralized exchange) without compromising on DeFi’s core values.
“Horizontal expansion rapidly increasing the total addressable market.
“By launching first on Base, we’re opening the door to one of the fastest-growing ecosystems in crypto meanwhile, setting the stage to unlock many more chains in the months ahead.”
What Multichain enables
- Seamless trading of GMX’s over 90 perpetuals and 23 high-liquidity swap markets directly from other EVM blockchains, starting with Base. Enjoy trade execution in under one second across chains, with network costs and RPC dependencies abstracted away, thanks to the innovative GMX Express functionality.
- Frictionless onboarding in under 30 seconds with no manual bridging or complex setup for the end user. Connect your wallet, deposit collateral and trade.
- Unified liquidity across all the public blockchains unlocked by Multichain, built on top of LayerZero’s battle-tested infrastructure that has supported 150 million messages and $120 billion in volume.
- Liquidity provision (coming soon) sers from BASE and other EVM chains will be able to earn yield by providing liquidity directly to GMX’s high-performance GM pools and GLV vaults.
Since its inception four years ago, GMX has facilitated over $320 billion in trading volume from more than 720,000 users across Arbitrum, Avalanche, Solana and the Bitcoin-based Botanix blockchain.
With Multichain now live, these numbers are expected to accelerate as GMX continues its rapid horizontal expansion.
What’s next
Following Base, GMX will progressively unlock access from many more popular, public EVM blockchains, including Binance Chain, Berachain, Ethereum Mainnet, Sonic, Linea, ApeChain and more positioning itself as the go-to permissionless perp trading platform for users of all decentralized blockchains.
Zee added,
“This is really just the beginning. With Multichain, GMX is building the most accessible decentralized exchange infrastructure for DeFi users everywhere.
“People are used to thinking of GMX as the old-school, pioneer perp DEX on Arbitrum.
“Soon they’ll understand that what GMX really stands for is rade anywhere, onchain, seamlessly, permissionlessly.”
About LayerZero
LayerZero takes DeFi everywhere. It connects over 140+ blockchains and has already processed 150 million messages.
Leading DeFi apps like GMX, EtherFi ($6 billion staked ETH), Pendle ($5 billion yield trading) and Stargate (over $70 billion transferred) all run on LayerZero.
Immutable endpoints let builders own security while instantly reaching users on every chain.
For DeFi, LayerZero unifies asset liquidity, expands the addressable userbase and communicates smart contract logic globally.
About GMX
GMX is a renowned non-custodial exchange for trading perpetual swaps and spot on-chain, live on Arbitrum, Avalanche, Botanix, Solana and now Base.
The permissionless multichain DEX enables users to trade BTC, ETH and more than 85 other top assets with up to 100x leverage, directly from their own wallet.
Trading on GMX is supported by isolated and multi-asset pools, enabling anybody to provide liquidity and earn fees from swaps, leverage trading and market-making.
With its composable high-yield liquidity pools and over 80 ecosystem integrations, GMX serves as a foundational base layer for multichain DeFi.
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