Discussion : Increasing trading activity and Improving trading retention on GMX

1

As GMX continues to grow and evolve with the launch of GMX on Solana and the Botanix deployment and with a multi-chain expansion going live in a few weeks, a revamped user interface, and improvements to the referral program. But amid all this progress, one of the most critical areas for long-term success remains.

How do we attract new traders and retain the ones we already have? This thread aims to kick off a focused conversation around growth strategies to bring more traders to GMX, increase the trading volume on the platform and solidify GMX’s position as the go-to trading platform for perps.

Some key goals from the discussion

  1. How does GMX Attract new traders?
  2. How does GMX Increase trading volume?
  3. How do you improve retention on GMX?

Your ideas and feedback are important. Join the discussion, share your thoughts, and help improve the trading experience for all users.

2 Likes
2

Would suggest more engagement through either KOL or community sharing there referral, do think giving back referral links in GMX might not be an attractive idea. Maybe in USDC instead, focus on the idea to attract more volume.

Would think retention would happen if the product is good, so try to launch on more chains first before pushing out strong marketing efforts.

2 Likes
3

I think the most crucial factor is still the user experience. People generally do not have much stickiness when choosing on chain exchanges. Because switching to another exchange is too convenient, just connect your wallet to use it. So the key to attracting users is for the exchange to make them feel useful.
The first question I raised seems to be the issue of handling fees. If the handling fee is too high, it is simply a barrier to stop retail investors. I also know that the issue of transaction fees originates from the chain, but if there can be innovation or reduction in the issue of transaction fees, it will be a huge product competitiveness.
The second one I think is the website interface. The website interface can’t even choose Chinese language. Doesn’t that directly exclude many Chinese people in the currency circle? Some Chinese users have provided feedback that the notification information is too brief, and there is not enough information prompt when the position is liquidated. Make the interface simpler so that even non professional traders can use it better.

5 Likes
4

Chinese is available under the Language selector in the Network dropdown! Or do you mean the dapp is not complete enough in that language?

5

Just remembered an idea afew months back, adjust the referral reward so that GMX team could provide a code that returns the rebate to trade 10% and referree to the trade of a high volume account, e.g 100m in volume monthly. Effectively 20% discount

additionally gmx could reach out to these traders via debank messaging, treat it as marketing cost.

3 Likes
6

  • Prioritize and launch the Net OI mechanism as soon as possible.

  • Align the Net Rate with CEX or Hyperliquid — currently we are 2–3x higher, at least cap it at a lower multiple (e.g., 1.5x).

  • Set “Express + One-click” as the default trading mode, similar to Hyperliquid.

  • Improve the quality of the Chinese and Korean translations.

2 Likes
7

  • Create $GMX discount tiers

    ex.

    Tier - Balance - Discount

    I - >=5 - 3%

    II - >=50 - 5%

    III - >=250 - 10%

    IV - >=1000 - 15%

    V - >=2500 - 20%

    VI - >=5000 - 25%

    VII - >=10000 - 30%

    VIII - >=20000 - 35%

    IX - >=50000 - 40%

    VIP - >=100000 - 45%

  • Create time volume tiers for MM

  • „Express + one click” as a default

  • Costum B2B affiliates which can put fees on top to increase their revenue

  • Increase POL in GLV to provide better trading experience on altcoin pairs

  • Regular trading competitions

  • esGMX for traders after new UI deployment ex. for 30 days to attract new users and receive feedback

1 Like
8

Thanks for all your suggestions, please keep them coming!

1 Like
9

This may sound oversimplified, but the real unlock for GMX is trading automation, accounting, and AI as integrated components for retail. More dynamic visuals that actually lead the trading experience can turn trading into a developmental skill to work on. We recently got hired by Regen Network for this same type of work, and I think it applies here too — all crypto products are entering the next phase where accounting, trading, and content (speech) are essential skills to have and develop alongside your unique champion of labors.

Being more visual with revenue and the product’s standout differences is key. Traders need to see their P&L and fees, need guardrails like re-centers, TP/SL, and size caps right in front of them, and need onboarding that feels frictionless — fiat on-ramps, preloaded gas, sim modes. Those details make the learning loop stick.

KOLs are a mystery to me — do controversial takes go viral, or is it just bots farming net attention? Hard to say. What I do know is that consistent, useful content always carries further than hype. That’s why the Referral Guild is such a great idea. If it’s structured around real attributable actions (funded wallets, repeat trades at 7/30 days), kept simple and transparent with a public dashboard, builders will get hooked on it too, and the community will have something solid to rally around.

Was hoping kaigen would be here already to have some high volume trading strategies deployed. But seems like i will be able to get a hyperliquid bot running before that, just using hummingbot. I will focus a portion of trading at GMX though, and once GMX has some simple way to automate high volume trading, I will do it.

new hugo says it best, and rob’s guild idea strong

loading and click animations go along way too

gm(x)
yt/x: gmregenerationklimax

3 Likes