Is GMX (GMX) halal or haram?
Not screened yet
We have not run our Shariah screening on GMX yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet.
The basics
- Where it lives
- token on arbitrum-one (also on avalanche)
- Circulating supply
- 10,458,945 GMX
- Maximum supply
- 13,250,000 GMX
- Category
- Decentralized Finance (DeFi), Derivatives, Perpetuals
What it runs, and where its revenue goes
Per DefiLlama on 2026-09-23, GMX runs 5 product lines: GMX Solana (Derivatives, $3.2M in fees over 30 days); GMX V2 Perps (Derivatives, $1.4M in fees over 30 days); GMX V1 Perps (Derivatives); GMX V1 AMM (Dexs); GMX V2 AMM (Dexs).
Per DefiLlama on 2026-09-23, $372K reached GMX token holders in the last 30 days (GMX V2 Perps $372K). How, in DefiLlama's words: 27% of all fees goes to GMX token stakers
Figures from DefiLlama. Whether any of this income is permissible is part of our screening.
Who controls the coins
Read from the token's verified contract on Arbitrum (0xfc5a1a6eb076a2c7ad06ed22c90d7e710e35ad0a) on 2026-09-23: it has mint (held by an account we could not identify), setMinter (held by the contract GmxTimelock (0x0a29…d1c0)), burn (held by an account we could not identify); what these allow is checked at screening.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening. This much is read straight from the blockchain, so it is already established before any screening runs.
The project's own sources
Checked on 23 September 2026. Every address above was fetched once to confirm it loads.