The GMX DAO has approved a plan to purchase $110,000 worth of GT tokens from its Solana-based deployment every month for the next year.
This move follows its approved proposal, which was first shared in August this year. It is designed to provide steady funding for GMX Solana as it scales operations, audits, and infrastructure, “while providing the DAO with long-term exposure to GT as the Solana ecosystem matures.”
Why was the funding introduced?
GMX Solana started as a community proposal in mid-2024 and officially went live in March 2025. According to the DAO, the platform has already processed over $3 billion in trading volume and has a little over 2,400 users.
The platform has generated around $1.36 million in fees, holds about $1.2 million in open interest, and has bought $500,000 worth of GMX tokens for the DAO treasury.
The GMX DAO approved the funding plan because GMX Solana is now in a growth phase and needs steady resources for operations, audits, and infrastructure. The project is GMX’s first expansion outside Arbitrum, but the core contributors have been building it without pay so far.
Under the approved plan, the DAO will spend $110,000 per month on audits, risk management, developer compensation, infrastructure expenses, and limited marketing. Most of the budget is directed toward audits and engineering work, as the team has been operating without formal compensation up to this point.
The final pricing model for the GT purchases is still being discussed. Some members cautioned against using a method that could push GT prices higher due to the DAO’s own buying activity. Based on recent revenue numbers, the treasury swap represents about 16–18% of monthly income.
The update comes as GT, the token involved in the swap, has been trading weaker in recent weeks. At the time of writing, GT (GateToken) was trading at around $14.75 with a market cap of roughly $1.18 billion, according to CoinMarketCap. The token is down about 10% over the past month and has slipped around 3% in the past 24 hours.
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