GMX valuation: 10 year DCF of 5.7bn vs 630m FDV
Quote34 words
Relays a DCF-based case that GMX is undervalued: a 10 year DCF gives 5.7bn against a current FDV of 630m, implying roughly 9x.
Key claims
10 year DCF values GMX at 5.7bn
Current FDV is 630m
great thread on why $GMX might be significantly undervalued🧠
based on a 10y DCF valuation, $GMX is worth $5.7bn with a current FDV of only $630m
will we see $GMX pull a 9x?👀🚀
#Arbitrum
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How the call played out · since 12 Sep 2022
Prices as of 23 Oct 2026This piece takes a view on $GMX, so that move is read against the call.
−84%
Moved against the call · over 4.1 years
- At publication
- $50.13
- Now
- $7.96
- vs BTC
- −96%
- After 1 month
- −24%
- After 3 months
- +11%
- After 1 year
- −39%
- High since
- +78% 19 Apr 2023
- Low since
- −89% 26 Jun 2026
Since then
No follow-up pieces on this subject yet. This is the latest take.
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish thesis is read as a call; explainers, maps and mentions are context. Not financial advice.