1. GMX DAO approved a monthly $110,000 GT purchase from GMX Solana to support long-term ecosystem growth.
2. The proposal gained 74.97% community approval, signaling strong support for GMX’s SOL expansion.
3. GMX Solana recorded over $3.18 billion in trading volume and $1.36 million in fees since its March 2025 launch.

GMX DAO has officially approved a proposal to buy $110,000 worth of GT tokens from GMX Solana every month for one year. The plan aims to provide consistent funding for GMX Solana’s development and strengthen its integration within the Solana network. The vote ended with overwhelming support, 74.97% voted in favor, 23.93% opposed, and only 1.1% abstained.

This proposal is part of GMX’s broader strategy to expand beyond its traditional Arbitrum base and gain exposure to the Solana ecosystem. The swap will not only help sustain GMX Solana’s operations but also build the DAO’s GT treasury, ensuring long-term alignment between both communities.

The treasury swap will allocate $110,000 monthly, covering key expenses like audits, infrastructure, and development. The largest portion, $51,666, will go to audit and risk management partners, including Zenith Audit and Chaos Labs. Another $43,166 will fund development and operations, while $6,666 is reserved for marketing and community outreach campaigns.

Strong Growth Since Solana Expansion

The official launch of GMX Solana took place on March 12, 2025. The project has had extensive support in its governance proposal in May 2024 and has continued to make substantial growth in its expansion.

There has been over $3.18 billion in trading volume and 2,428 new users onboarded. The platform has managed to collect over $1.36 million in protocol fees and has locked $500,000 in GMX tokens to its DAO.

As per blockchain researcher Q, a growth stage is required for GMX SOL to sustain its development. The developers contributing to this project have not accepted payments for their services. Hence, a sustainable development cost is required.

The choice to invest in GMX SOL through the DAO treasury swap enables the ecosystem to develop in a natural fashion while allowing for accountability. The DAO will accumulate GT tokens in addition to benefiting from the success of the Solana ecosystem.

GMX DAO Allocates 18% of Monthly Revenue

The DAO recorded revenues of $700,000 in July and $600,000 in August so far. Thus, out of a total of $110,000 allocated monthly for GT purchase price determination through this proposal, around 16% to 18% of total revenues are generated.

The proposal raised discussions on two different methods of structuring a GT purchase pricing system: either through average mint price with a discount or through average redemption price. The common choice preferred here is through the average redemption price.

Also Read: Solana (SOL) Price Prediction 2025: BSOL ETF Launch Fuels Bullish Trend