GMX, a leading permissionless on-chain perpetual exchange, announced the launch of GMX Multichain with its first expansion to Base, Coinbase’s Ethereum Layer 2 network. The move extends GMX’s reach to more than 1.3 million Base users, allowing seamless cross-chain access to its deep-liquidity perpetual and swap markets. The expansion marks an important step in the platform’s long-term vision of delivering high-performance decentralized trading across major public blockchains.
LayerZero powers interoperability
The new Multichain system is built on LayerZero, an established interoperability protocol that has already facilitated billions in transactions across the industry. This integration allows traders and liquidity providers from multiple EVM-compatible blockchains to access GMX’s infrastructure without friction. The initiative represents a strategic effort to scale GMX horizontally, expanding its total addressable market while upholding the decentralized finance principles of permissionless access and transparency.
Representatives from GMX emphasized that launching Multichain on Base positions the platform within one of the fastest-growing ecosystems in the crypto industry. The rollout also lays the groundwork for integrating many additional chains in the near future, signaling an ambitious roadmap for broadening its cross-chain presence.
Key features of GMX Multichain
The Multichain platform introduces a set of capabilities designed to streamline trading and enhance liquidity across networks:
- Access to more than 90 perpetual trading pairs and 23 high-liquidity swap markets, with trade execution times of less than one second across chains.
- Simplified onboarding that eliminates the need for manual bridging or complex setups, allowing users to connect wallets, deposit collateral, and begin trading in under 30 seconds.
- Unified liquidity across all supported blockchains, leveraging LayerZero’s infrastructure, which has already processed over 150 million messages and $120 billion in volume.
- Upcoming opportunities for liquidity providers, enabling users from Base and other EVM chains to earn yield by contributing to GM pools and GLV vaults.
Growth trajectory and track record
Since launching 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. With Multichain now operational, the exchange expects these figures to increase significantly as new users from Base and other chains join its ecosystem.
— GMX 🫐 (@GMX_IO) September 29, 2025
Industry analysts view the expansion as a continuation of GMX’s track record of pioneering decentralized trading solutions. By offering consistent infrastructure across chains, GMX is positioning itself to become a central hub for perpetual trading in decentralized finance.
Future expansion plans
Following the Base integration, GMX intends to progressively unlock support for other widely used public EVM blockchains. Targets on its roadmap include Binance Chain, Berachain, Ethereum Mainnet, Sonic, Linea, ApeChain, and several others. This strategy seeks to establish GMX as the leading permissionless decentralized exchange for perpetual contracts across the multi-chain landscape.
Company representatives stressed that Multichain represents just the beginning of GMX’s next phase. They noted that while the platform earned its reputation as an early pioneer of perpetual trading on Arbitrum, its future lies in delivering a universal, on-chain trading infrastructure accessible from any blockchain ecosystem.
Toward a borderless trading model
By combining permissionless access, cross-chain liquidity, and streamlined onboarding, GMX Multichain is shaping a trading model designed to overcome traditional barriers in decentralized finance. The expansion to Base not only broadens the platform’s user base but also signals a wider industry trend toward interoperable and borderless financial ecosystems.