LIVE
BTC$85,682.00▲ 0.63%ETH$2,703.55▲ 0.30%USDT$0.9998▼ 0.01%BNB$787.28▲ 0.09%XRP$1.50▲ 0.29%USDC$0.9999▼ 0.01%SOL$119.62▼ 1.57%TRX$0.3363▲ 0.25%FIGR_HELOC$1.07▲ 0.00%ZEC$1,334.86▲ 0.62%HYPE$92.45▲ 2.76%DOGE$0.0953▲ 1.73%LINK$13.93▼ 1.40%XMR$550.13▲ 0.08%ADA$0.2709▲ 10.40%WBT$85.47▲ 0.85%USDS$0.9998▼ 0.02%RAIN$0.0117▼ 3.11%LEO$8.95▼ 0.51%XLM$0.2170▲ 0.28%NEAR$5.03▲ 3.46%BCH$313.80▼ 1.25%UNI$8.94▼ 1.08%LTC$71.17▼ 0.03%SUI$1.20▼ 0.31%CC$0.1236▼ 1.26%USDE$0.9997▼ 0.00%AVAX$10.90▼ 1.19%DAI$0.9998▲ 0.01%HBAR$0.1015▼ 0.76%BTC$85,682.00▲ 0.63%ETH$2,703.55▲ 0.30%USDT$0.9998▼ 0.01%BNB$787.28▲ 0.09%XRP$1.50▲ 0.29%USDC$0.9999▼ 0.01%SOL$119.62▼ 1.57%TRX$0.3363▲ 0.25%FIGR_HELOC$1.07▲ 0.00%ZEC$1,334.86▲ 0.62%HYPE$92.45▲ 2.76%DOGE$0.0953▲ 1.73%LINK$13.93▼ 1.40%XMR$550.13▲ 0.08%ADA$0.2709▲ 10.40%WBT$85.47▲ 0.85%USDS$0.9998▼ 0.02%RAIN$0.0117▼ 3.11%LEO$8.95▼ 0.51%XLM$0.2170▲ 0.28%NEAR$5.03▲ 3.46%BCH$313.80▼ 1.25%UNI$8.94▼ 1.08%LTC$71.17▼ 0.03%SUI$1.20▼ 0.31%CC$0.1236▼ 1.26%USDE$0.9997▼ 0.00%AVAX$10.90▼ 1.19%DAI$0.9998▲ 0.01%HBAR$0.1015▼ 0.76%
G.MARKETS/PAIR ANALYSIS·GMX logoGMX→Tether logoUSDT· LIVE· as of 14:42 UTC
THE ORIGINAL G.MARKETS CALCULATION · LIVE

If had 's mcap →

GMX WOULD BE
$0.00000000
currently $8.51 · target mcap $184.06B
▲ 0.00x TO MATCHGMX NEEDS A 2.1Kx MOVE TO MATCH USDT
REALITY CHECKAt GMX's current 24h rate of +2.10%, compounding daily would take ~1.0 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$8.51
24H CHANGE▲ 2.10%
MARKET CAP$89.09MFDV $89.09M · Fully circulating
RANK#319
SUPPLY10.5M 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$0.9998
24H CHANGE▼ 0.01%
MARKET CAP$184.06BFDV $189.52B · 3% supply locked
RANK#3
SUPPLY184.1B USDT
DOMINANCE6.14%
7d▲ 0.01%
PERFORMANCE·NORMALIZED % CHANGE·7D / 30D / 90D / 1Y
SCALE·AREA = MARKET CAP
MARKET CAParea = proportional cap
2.1Kx bigger
GMX$89.09M
USDT$184.06B
THE CLIMBGMX logoGMX→Tether logoUSDTMULTIPLIER▲ 2.1KxGAP$183.97B
$1.00B$10.00B$100.00B
GMX logo
SOURCEGMX$89.09M
Tether logo
TARGETUSDT$184.06B
Seeker logo
SKR$127.52M
GUSD logo
GUSD$149.53M
Non-Playable Coin logo
NPC$168.14M
Shuffle logo
SHFL$211.27M
Zebec Network logo
ZBCN$253.18M
Ondo Short-Term U.S. Government Bond Fund logo
OUSG$321.23M
SPX6900 logo
SPX$416.81M
Curve DAO logo
CRV$587.75M
Aerodrome Finance logo
AERO$852.64M
Spiko Amundi Overnight Swap Fund (EUR) logo
EURSAFO$1.53B
OKB logo
OKB$2.64B
Litecoin logo
LTC$5.52B
log scale · mcap in USDOct 5, 2026
GMX logo
GMXGMX
$89.09MSOURCE
Seeker logo
SKR
$127.52M
GUSD logo
GUSD
$149.53M
Non-Playable Coin logo
NPC
$168.14M
Shuffle logo
SHFL
$211.27M
Zebec Network logo
ZBCN
$253.18M
Ondo Short-Term U.S. Government Bond Fund logo
OUSG
$321.23M
SPX6900 logo
SPX
$416.81M
Curve DAO logo
CRV
$587.75M
Aerodrome Finance logo
AERO
$852.64M
Spiko Amundi Overnight Swap Fund (EUR) logo
EURSAFO
$1.53B
OKB logo
OKB
$2.64B
Litecoin logo
LTC
$5.52B
Tether logo
USDTTether
$184.06BTARGET
mcap in USDOct 5, 2026
BAG SCENARIOS·IF GMX HIT USDT MCAP·TARGET $17,582.64
SCENARIOBAG SIZECOST TODAYVALUE AT TARGETGAIN
$10 starter100 GMX$851.00$1,758,263.54+$1,757,412.54
Coffee money1K GMX$8,510.00$17,582,635.41+$17,574,125.41
Small bag10K GMX$85,100.00$175,826,354.08+$175,741,254.08
Real bag100K GMX$851,000.00$1,758,263,540.82+$1,757,412,540.82
Whale bag1M GMX$8,510,000.00$17,582,635,408.21+$17,574,125,408.21
Generational10M GMX$85,100,000.00$175,826,354,082.12+$175,741,254,082.12
$184.06B compared to the world
UnitedHealthUNH
$450.00B
USDT mcap is 40.9% of UnitedHealth
NetflixNFLX
$380.00B
USDT mcap is 48.4% 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 $8.51 per coin and a market cap of $89.09M, and Tether at $0.9998 with a market cap of $184.06B, applying Tether's market cap to GMX's circulating supply produces a hypothetical GMX price of $17,582.64 — a 2.1Kx 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 $184.06B, each GMX would be worth approximately $17,582.64 based on the circulating supply of 10,468,053 GMX. That is 2.1Kx the current GMX price of $8.51.

What is the current market cap of GMX?

GMX (GMX) currently has a market cap of $89.09M, ranking #319 by market capitalization. Each GMX trades at $8.51.

What is the current market cap of Tether?

Tether (USDT) currently has a market cap of $184.06B, ranking #3 by market capitalization. Each USDT trades at $0.9998.

How does GMX compare to USDT?

GMX's market cap of $89.09M sits orders of magnitude beyond Tether's $184.06B. For GMX to reach USDT's current valuation, the price would need to move 2.1Kx 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.