GMX Launches Multichain Platform on Base, Expanding Cross-Chain Trading
GMX, a leading decentralized perpetual exchange, has unveiled GMX Multichain, a new platform that aims to break down barriers in decentralized finance. The launch on Base, Coinbase's Ethereum Layer 2 network, is the first step in GMX's plan to expand across multiple blockchains.
GMX Multichain combines permissionless access, cross-chain liquidity, and simplified onboarding to create a trading model that overcomes traditional barriers. Traders and liquidity providers from various EVM-compatible blockchains can now access GMX's infrastructure without friction.
The platform introduces a range of features designed to enhance trading and liquidity. These include access to over 90 perpetual trading pairs and 23 high-liquidity swap markets, simplified onboarding, and unified liquidity across supported blockchains. Following the Base integration, GMX plans to expand to Binance Chain, Berachain, Ethereum Mainnet, Sonic, Linea, ApeChain, and more, as per its 2025 development roadmap.
Since its launch four years ago, GMX has facilitated over $320 billion in trading volume, serving more than 720,000 users across Arbitrum, Avalanche, Solana, and the Bitcoin-based Botanix blockchain. The new Multichain system is built on LayerZero, an established interoperability protocol that has facilitated billions in transactions across the industry.
By launching GMX Multichain on Base, the platform extends its reach to over 1.3 million Base users, enabling seamless cross-chain access to its deep-liquidity perpetual and swap markets. This marks a significant step in GMX's long-term vision of delivering high-performance decentralized trading across major public blockchains.
