LIVE
BTC$64,187.00 2.03%ETH$1,811.66 1.76%USDT$0.9993 0.02%BNB$588.44 0.02%USDC$0.9999 0.01%XRP$1.15 0.78%SOL$82.53 1.26%TRX$0.3291 0.34%FIGR_HELOC$1.04 0.52%HYPE$71.17 0.39%DOGE$0.0773 0.21%USDS$0.9998 0.00%RAIN$0.0151 1.01%LEO$9.41 1.58%ZEC$454.50 1.71%ADA$0.1856 2.70%XLM$0.2017 0.08%WBT$57.61 1.26%XMR$324.91 1.20%LINK$8.06 0.48%CC$0.1384 1.78%LAB$15.85 6.56%BCH$246.58 0.59%GRAM$1.79 0.75%DAI$0.9998 0.02%USD1$0.9990 0.01%USDE$0.9988 0.02%LTC$45.33 0.84%HBAR$0.0738 2.36%USDG$0.9998 0.01%BTC$64,187.00 2.03%ETH$1,811.66 1.76%USDT$0.9993 0.02%BNB$588.44 0.02%USDC$0.9999 0.01%XRP$1.15 0.78%SOL$82.53 1.26%TRX$0.3291 0.34%FIGR_HELOC$1.04 0.52%HYPE$71.17 0.39%DOGE$0.0773 0.21%USDS$0.9998 0.00%RAIN$0.0151 1.01%LEO$9.41 1.58%ZEC$454.50 1.71%ADA$0.1856 2.70%XLM$0.2017 0.08%WBT$57.61 1.26%XMR$324.91 1.20%LINK$8.06 0.48%CC$0.1384 1.78%LAB$15.85 6.56%BCH$246.58 0.59%GRAM$1.79 0.75%DAI$0.9998 0.02%USD1$0.9990 0.01%USDE$0.9988 0.02%LTC$45.33 0.84%HBAR$0.0738 2.36%USDG$0.9998 0.01%
G.MARKETS/PAIR ANALYSIS·GMX logoGMXTether logoUSDT· LIVE· as of 21:51 UTC
THE ORIGINAL G.MARKETS CALCULATION

If had 's mcap

GMX WOULD BE
$0.00000000
currently $5.97 · target mcap $184.21B
MULTIPLIER
0.00x

GMX needs a 3.0Kx move to match USDT's valuation

REALITY CHECKAt GMX's current 24h rate of +0.91%, compounding daily would take ~2.4 years to reach USDT's market cap.
COIN PROFILES·GMX vs USDT
GMX logoSOURCE

GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet.

PRICE$5.97
24H CHANGE 0.91%
MARKET CAP$62.27MFDV $62.27M · Fully circulating
RANK#385
SUPPLY10.4M GMX
DOMINANCE<0.01%
VS
Tether logo
USDTVerified by G.MARKETS
Tether
TARGET

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

PRICE$0.9993
24H CHANGE 0.02%
MARKET CAP$184.21BFDV $189.67B · 3% supply locked
RANK#3
SUPPLY184.3B USDT
DOMINANCE6.14%
7d 0.07%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
3.0Kx bigger
GMX$62.27M
USDT$184.21B
THE CLIMBGMX logoGMXTether logoUSDTMULTIPLIER 3.0KxGAP$184.15B
$100.00M$1.00B$10.00B$100.00B
GMX logo
SOURCEGMX$62.27M
Tether logo
TARGETUSDT$184.21B
GALA logo
GALA$111.04M
Vision logo
VSN$125.86M
Zano logo
ZANO$145.96M
IOTA logo
IOTA$171.87M
The Graph logo
GRT$201.08M
Pendle logo
PENDLE$250.53M
First Digital USD logo
FDUSD$347.39M
TrueUSD logo
TUSD$493.61M
ADI logo
ADI$735.72M
Ethereum Classic logo
ETC$1.12B
World Liberty Financial logo
WLFI$1.88B
Gram (prev. Toncoin) logo
GRAM$4.87B
log scale · mcap in USDJul 6, 2026
GMX logo
GMXGMX
$62.27MSOURCE
GALA logo
GALA
$111.04M
Vision logo
VSN
$125.86M
Zano logo
ZANO
$145.96M
IOTA logo
IOTA
$171.87M
The Graph logo
GRT
$201.08M
Pendle logo
PENDLE
$250.53M
First Digital USD logo
FDUSD
$347.39M
TrueUSD logo
TUSD
$493.61M
ADI logo
ADI
$735.72M
Ethereum Classic logo
ETC
$1.12B
World Liberty Financial logo
WLFI
$1.88B
Gram (prev. Toncoin) logo
GRAM
$4.87B
Tether logo
USDTTether
$184.21BTARGET
mcap in USDJul 6, 2026
BAG SCENARIOS·IF GMX HIT USDT MCAP·TARGET $17,658.48
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 GMX$597.00$1,765,847.78+$1,765,250.78
Coffee money1K GMX$5,970.00$17,658,477.82+$17,652,507.82
Small bag10K GMX$59,700.00$176,584,778.22+$176,525,078.22
Real bag100K GMX$597,000.00$1,765,847,782.17+$1,765,250,782.17
Whale bag1M GMX$5,970,000.00$17,658,477,821.65+$17,652,507,821.65
Generational10M GMX$59,700,000.00$176,584,778,216.50+$176,525,078,216.50
$184.21B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.9% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.5% of Netflix
UberUBER
$160.00B
USDT mcap is 1.15× Uber
NikeNKE
$130.00B
USDT mcap is 1.42× Nike
StarbucksSBUX
$100.00B
USDT mcap is 1.84× Starbucks
SpotifySPOT
$90.00B
USDT mcap is 2.05× Spotify

About this comparison

This page compares the market capitalizations of GMX (GMX) and Tether (USDT). With GMX currently at $5.97 per coin and a market cap of $62.27M, and Tether at $0.9993 with a market cap of $184.21B, applying Tether's market cap to GMX's circulating supply produces a hypothetical GMX price of $17,658.48 — a 3.0Kx move from current.

GMX: GMX is a leading permissionless onchain exchange, enabling you to trade 70+ assets with up to 100x leverage from your self-custody wallet.

Tether: Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S.

All figures are live from the underlying market data feed. Past performance and hypothetical valuations are not indicative of future results.

Frequently asked

If GMX had Tether's market cap, what would the price be?

If GMX (GMX) had Tether's (USDT) current market cap of $184.21B, each GMX would be worth approximately $17,658.48 based on the circulating supply of 10,431,781 GMX. That is 3.0Kx the current GMX price of $5.97.

What is the current market cap of GMX?

GMX (GMX) currently has a market cap of $62.27M, ranking #385 by market capitalization. Each GMX trades at $5.97.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.21B, ranking #3 by market capitalization. Each USDT trades at $0.9993.

How does GMX compare to USDT?

GMX's market cap of $62.27M sits orders of magnitude beyond Tether's $184.21B. For GMX to reach USDT's current valuation, the price would need to move 3.0Kx from its current level.

Is this comparison financial advice?

No. G.MARKETS is an informational tool. The hypothetical price shown is a mathematical calculation assuming GMX's circulating supply stays constant — it is not a prediction, recommendation, or any form of financial, investment, legal, or tax advice. Always do your own research before making any decision related to crypto assets.