GMX Solana Expansion Monthly GT Token Treasury Swap

Each month, the GMX DAO will acquire $110,000 worth of GT tokens from GMX Solana, calculated at a 50 percent discount to the average mint price or the average redemption price over the prior 30 days. GT serves as the native token for GMX on Solana, earned through trading fees via a Trade-to-Mint model and used for LP staking rewards. The purpose is to provide stable funding for audits, risk management, infrastructure, marketing, and operations on Solana. This holds key importance as GMX's first chain expansion, ensuring the Solana version scales effectively with features like 100x leverage trading on major assets. The significance lies in creating a flywheel where treasury support drives activity, buybacks, and value accrual. Expected impacts include accelerated user acquisition, enhanced features like RWA markets, and long-term exposure for the DAO to GT's potential growth, fostering cross-chain synergy. As a treasury move, it allocates 16 percent of monthly revenue, so participants should note possible effects on resource distribution.

Recent News

Following a governance vote concluding August 30, 2025, the proposal advanced support for Solana operations. August saw the v0.7 audit completion and fixes, paving the way for liquidity mining and competitions. July focused on community feedback for tokenomics tweaks, while June integrated XRP swaps. These build on the March 2025 Solana launch, which introduced Trade-to-Mint and hit early volumes, amid a $5 million treasury allocation for reserves.

Future Plans

GMX's roadmap emphasizes multichain scaling. Q4 2025 targets RWA market support, more trading pairs, and yield optimizations. By 2026, expect full self-sufficiency for Solana, with buyback mechanisms and governance enhancements. Overall goals aim for billions in volume, deeper DeFi integrations, and millions of users through efficient, low-fee perpetuals and spot trading.

Onchain Data

GMX's cumulative volume exceeds $10 billion, with recent TVL around $500 million across chains. Solana-specific metrics show early traction with millions in swapped assets. Detailed three-month trends from platforms like Dune Analytics are sparse for Solana, but Arbitrum dashboards indicate steady staking with over 50 percent of supply locked, shifting focus to growing wallet interactions post-expansion.

Community Sentiment

X discussions reflect approval for the swap, with users viewing it as vital for Solana's momentum and real yield opportunities. Positive votes and comments emphasize strategic funding, though some seek assurance on returns; influencers highlight the flywheel's potential, maintaining upbeat sentiment.