What is Gridex (GDX) crypto coin? Explained with current price, trading data, and protocol details

What is Gridex (GDX) crypto coin? Explained with current price, trading data, and protocol details

Gridex Trading Activity Simulator

Current Market Status

Price: $0.0789 24h Volume: $0.00 Market Cap: $0

Gridex has had zero trading volume since late 2024. Attempts to trade will fail due to lack of buyers/sellers.

Current market volume is $0 - no trades can be executed

Your trade attempt will fail immediately. There are no buyers or sellers for GDX tokens. The market is completely inactive.

This is why Gridex (GDX) is considered a dead project. Without trading volume, you cannot buy or sell the token.

Gridex (GDX) is a cryptocurrency built to power a decentralized trading platform that uses an order book system instead of the more common liquidity pools like Uniswap. Most decentralized exchanges today rely on Automated Market Makers (AMMs), where users trade against pools of tokens locked in smart contracts. Gridex flips that model. It tries to bring the familiar order book structure - used by traditional stock and crypto exchanges like Coinbase or Binance - to a fully decentralized, non-custodial environment. That’s the core idea. But as of late 2025, the project is struggling to gain real traction.

How Gridex (GDX) works differently

Gridex runs on Ethereum and also has a version on Arbitrum. Instead of using liquidity pools, it uses something called the Grid Maker Order Book (GMOB). This system lets traders place limit orders, stop-losses, and market orders just like they would on a centralized exchange. The big promise? Lower gas costs than traditional on-chain order books, while still keeping the precision and control that AMMs can’t offer.

The smart contracts behind Gridex are intentionally non-upgradable. That means once deployed, no one - not even the developers - can change the code. This is meant to increase security and trust. If your funds are in a non-upgradable contract, there’s no backdoor for hackers or devs to drain them later. But it’s a double-edged sword. If bugs appear or the market shifts, the protocol can’t adapt. It’s locked in.

Users never give up control of their crypto. Gridex is non-custodial. Your wallet holds your tokens. Trades happen directly between wallets using smart contracts. No KYC. No middleman. Just code.

Current price and market status (December 2025)

As of now, Gridex (GDX) trades at around $0.0789 on both Coinbase and CoinMarketCap. That’s down more than 95% from its all-time high of $1.44 in March 2023. The drop wasn’t gradual - it was steep and sustained.

Here’s the most troubling part: 24-hour trading volume is $0. Across every exchange where GDX is listed, no trades are happening. Not one. That’s not a glitch. It’s a signal.

CoinMarketCap shows a market cap of $0. That’s because the circulating supply appears to be zero. But it also lists a fully diluted valuation of $15.78 million. That math doesn’t add up. If no tokens are in circulation, how can the market cap be zero while the FDV is over $15 million? The answer: the token is essentially dead in the water. The supply exists on paper, but no one is buying, selling, or moving it.

Total Value Locked (TVL) is listed at $76,320. That’s the amount of crypto locked in Gridex’s smart contracts. But with zero trading volume, that money isn’t being used for trading. It’s likely stuck in liquidity positions or abandoned wallets.

A broken blockchain oracle with dark GDX shards, surrounded by crumbling server-fleets in deep space.

Where you can trade GDX - and why it doesn’t matter

Gridex is listed on MEXC in their Innovation Zone - a section for new, risky, or low-volume projects. It’s also tracked by Coinbase and CoinMarketCap, but those are price aggregators, not places you can actually trade it meaningfully.

You won’t find GDX on Binance, Kraken, or even smaller DEXs like SushiSwap or PancakeSwap. The only active trading pair is GDX/USDT on MEXC. Even there, no trades have occurred in days. The lack of volume means even if you bought GDX, you likely couldn’t sell it without crashing the price.

CoinCodex explicitly says it can’t predict GDX’s price because there’s not enough historical trading data. They need at least a few hours of activity to make any model work. Gridex doesn’t even give them that.

Why Gridex matters - and why it might not survive

Technically, Gridex is interesting. It’s one of the few attempts to build a real order book on Ethereum without turning it into a gas-guzzling mess. Most previous attempts failed because every order update cost hundreds of dollars in gas. Gridex claims to solve that with GMOB, but there’s no public documentation, no whitepaper updates, and no GitHub repo to verify how it actually works.

The lack of developer activity is alarming. No blog posts. No Twitter updates. No Discord community growth. No code commits. In crypto, silence usually means one of two things: the team abandoned the project, or they’re hiding from a failed product.

The fact that it’s listed on MEXC’s Innovation Zone tells you everything. That zone is for tokens that are too risky or too obscure for major exchanges. It’s where projects go when they can’t get traction anywhere else.

A cyborg bartender in a spaceport bar with a dead GDX/USDT screen, as a dYdX shuttle departs into the stars.

Is Gridex a good investment?

No - not as of December 2025.

You can’t call it an investment if there’s no liquidity. You can’t call it a project if no one is using it. You can’t call it innovative if the innovation is buried under zero activity.

GDX might have had potential in 2022 or 2023, when crypto markets were booming and investors chased every “DeFi 2.0” idea. But now, with trading volume flatlined, community silent, and price down 95%, it’s not a project to watch - it’s a case study in what happens when a technically ambitious idea fails to win users.

If you’re considering buying GDX, ask yourself: who’s going to buy it from you? The answer is: probably no one. You’re not investing. You’re gambling on a ghost.

What’s next for Gridex?

There’s no roadmap. No team announcements. No product updates. The project appears frozen.

The only path forward would be a complete restart: a new team, new code, new marketing, and a real community push. But nothing suggests that’s happening.

For now, Gridex (GDX) remains a footnote in crypto history - a bold idea that never made it off the drawing board. Its smart contracts still run on Ethereum. But the human part - the traders, the developers, the believers - is gone.

If you’re looking for decentralized order book alternatives, look at dYdX or Serum. They have volume, teams, and active communities. Gridex doesn’t.

What is Gridex (GDX) crypto coin?

Gridex (GDX) is a cryptocurrency designed to power a decentralized trading platform that uses an order book system instead of liquidity pools. It runs on Ethereum and Arbitrum, with non-upgradable smart contracts to ensure security. But as of late 2025, it has zero trading volume and a market cap of $0, making it effectively inactive.

Is Gridex (GDX) still being developed?

There’s no evidence Gridex is still being developed. No GitHub activity, no team updates, no blog posts, and no community engagement since 2023. The smart contracts are live but frozen. The project appears abandoned.

Why is Gridex’s trading volume $0?

Gridex’s trading volume is $0 because no one is buying or selling the token. Despite being listed on MEXC and tracked by major platforms, there’s no market interest. This could be due to lack of marketing, poor user experience, or loss of trust after its price crash.

Can you still buy GDX tokens?

Technically yes - you can buy GDX on MEXC using USDT. But because there’s no liquidity, you won’t be able to sell it later without taking a massive loss. Buying GDX now is like buying a ticket to a concert that was canceled - you have the token, but there’s no event to attend.

Is Gridex safe to use?

The smart contracts are non-upgradable, which reduces the risk of backdoor changes. But safety isn’t just about code - it’s about activity. With zero trading, no community, and no updates, Gridex is a dead protocol. Even if the code is secure, there’s no reason to interact with it.

How does Gridex compare to Uniswap or dYdX?

Uniswap uses liquidity pools (AMMs), which are simple but less precise for traders. dYdX uses a real order book and has billions in volume. Gridex tried to build an order book on Ethereum like dYdX, but without the user base, funding, or updates. It’s like comparing a prototype car to a Tesla - same concept, vastly different execution.

Why does Gridex have a fully diluted valuation if market cap is $0?

Fully diluted valuation (FDV) assumes all tokens are in circulation, even if they’re not. Gridex has a large total supply, so FDV is calculated based on that. But market cap only counts circulating supply - which is currently zero. That’s why FDV is $15.78M but market cap is $0. It’s a mathematical artifact, not a real valuation.

Should I invest in Gridex (GDX) in 2025?

No. With zero trading volume, no development activity, and a 95% price drop from its peak, Gridex is not an investment. It’s a relic. If you buy it now, you’re not betting on its future - you’re betting that someone else will buy it from you at a higher price, which is extremely unlikely.

Author
  1. Joshua Farmer
    Joshua Farmer

    I'm a blockchain analyst and crypto educator who builds research-backed content for traders and newcomers. I publish deep dives on emerging coins, dissect exchange mechanics, and curate legitimate airdrop opportunities. Previously I led token economics at a fintech startup and now consult for Web3 projects. I turn complex on-chain data into clear, actionable insights.

    • 16 Aug, 2025
Comments (4)
  1. Joe West
    Joe West

    Man, I remember when Gridex was hyped back in 2022. I actually staked some GDX thinking it was the next big thing. Turned out it was just a fancy demo with no users. The fact that the TVL is still sitting at $76k but volume is zero? That’s not a dead project - that’s a graveyard with a live smart contract. Don’t waste your time. If you want an order book DEX, go with dYdX. At least they have traders.

    • 16 August 2025
  2. Richard T
    Richard T

    Interesting breakdown. I’ve been digging into on-chain order books for a while now. The real win with Gridex was the GMOB design - theoretically, it should’ve cut gas costs by 80% compared to traditional on-chain limit orders. But without documentation, GitHub commits, or even a dev tweet since 2023? That’s not negligence. That’s abandonment. I’d love to see someone fork it and revive it with proper transparency.

    • 16 August 2025
  3. jonathan dunlow
    jonathan dunlow

    Look, I get it - people love to bury projects after a price crash, but let’s not forget that every major protocol started with zero volume. Remember when Ethereum had $200 in TVL? Or when Uniswap was just a whitepaper with a Discord server full of crypto bros? Gridex had ambition. It had real tech. The problem isn’t the code - it’s the lack of marketing, the silence from the team, and the fact that nobody bothered to build a community around it. You don’t kill a project because it’s quiet - you try to wake it up. Maybe someone with capital and vision should step in. This isn’t dead. It’s just sleeping. And sleeping things can be revived - if you care enough to try.

    • 16 August 2025
  4. Mariam Almatrook
    Mariam Almatrook

    One must observe, with a certain degree of clinical detachment, the grotesque spectacle of crypto necrophilia - wherein individuals, driven by a pathological longing for speculative resurrection, cling to the spectral remains of a dead token with the fervor of a mourner kissing a tombstone. Gridex (GDX) is not merely inactive; it is ontologically defunct. Its FDV is a mathematical hallucination, its TVL a monument to misplaced trust, and its purported innovation a funeral dirge dressed in DeFi jargon. To invest is not to gamble - it is to participate in a collective delusion, a postmodern ritual of self-deception masquerading as financial acumen.

    • 16 August 2025
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