TL;DR
Proposing listing $ATH perpetuals on GMX, giving traders leveraged exposure to decentralized GPU compute — a distinct and high-growth vertical in the DePIN sector.
Proposal
Hey GMX community — I’m with Aethir, and we’d like to propose listing $ATH perpetuals on GMX.
Why Aethir matters?
Aethir is a decentralized cloud infra layer powering compute-heavy workloads like AI, gaming, rendering, and more. We aggregate enterprise-grade GPUs from global suppliers into a single, distributed network — delivering scalable compute to both Web2 and Web3.
We’re currently the largest decentralized GPU infra provider, with:
- 45,000+ enterprise-grade GPUs online (428,000+ Total GPU containers)
- $120M+ in annualized revenue
About $ATH
$ATH is Aethir’s native token — a new way to gain exposure to the booming GPU economy.
It’s already listed on major CEXs: Coinbase, OKX, Kraken, and Bybit etc.
Now, we’re expanding our DeFi ecosysystem. A GMX listing would make $ATH the third DePIN perpetual alongside $RENDER and $FIL — but with a distinct thesis: high-performance compute infra, not rendering or storage.
Why GMX?
- Arbitrum-Native Alignment: Aethir launched and grew on Arbitrum. Today, 140K+ wallets hold $ATH on Arbitrum. $11M+ in volume has already been traded on GMX by ATH holders in the last 9 months.
- DePIN Fit: $RENDER = rendering, $FIL = storage. $ATH completes the DePIN trifecta by bringing compute into the mix.
- DeFi Liquidity + Narrative Fit: GMX remains one of the most trusted and liquid perp venues in DeFi. A natural home for leveraged GPU exposure.
What GMX Gains?
- New Volume: ATH has strong daily activity ($120M CEX Perp volume) and volatility (8.8% 30d avg) — ideal for perps.
- Fresh Trader Cohorts: Access to our 700K+ AI and DePIN-native community, most of whom aren’t yet active on GMX.
- Marketing Support: We’re happy to co-market the listing via joint campaigns, ecosystem pushes, and community activations.
ATH Token Metrics
| Metric | Value |
|---|---|
| Market Cap | $388M |
| FDV | $1.8B |
| Cumulative Spot Volume | $14.1B (Token Terminal) |
| Avg Daily Spot Volume | $44.9M (Token Terminal) |
| Avg Daily Perp Volume | $120M (Coin Glassl) |
| DEX Liquidity | $4M ($200K on Arbitrum) |
| 30-Day Volatility | 8.80% |
| Existing Perp Listing | dYdX |
| Oracles | Pyth |
Next steps
We’d love to hear feedback from the GMX community and contributors. We understand Chaos Labs would conduct a risk analysis and we’re ready to support with any required data.
If the reception is positive, we’re excited to move toward integration.
Thanks for considering —
Team Aethir