Gamestop tokenized stock (xStock) (GMEX): D-Score 46/100 — Moderately Decentralized

BlockIndex D-Score: 46/100 (Moderately Decentralized). Gamestop tokenized stock (xStock) (GMEX) is a Layer 2 cryptocurrency using Other consensus. Gamestop tokenized stock (xStock): Multi-chain tokenized equity tracker providing onchain GameStop Corp. price exposure.

Source: https://blockindex.ai/coin/gmex · Data by BlockIndex.AI · Updated 2026-06-19

D-Score breakdown (0-100, higher means more decentralized)
Component: Score: Overall D-Score: 46: Node distribution: 0: Initial distribution: 25: Governance: 16: Age and history: 5: Autonomy: 0: Key facts
- Layer: Layer 2
- Consensus: Other (N/A)
- Launch: Other
- Founder: N/A
- VC funded: No
- Max supply: N/A
- Circulating: 2,258,350

Market data (as of 2026-06-19)
- Price: $21.3
- Market cap: $48.1M
- 24h volume: $64.5
- 24h change: -3.73% · 7d change: -3.27%

About
Gamestop tokenized stock (xStock), traded under the ticker GMEX and also described in the source material as GMEx, is a tokenized stock tracker certificate designed to provide onchain price exposure to GameStop Corp. It is not an independent blockchain and does not operate its own validator set, mining network, or consensus layer. Instead, it is issued as a token across existing blockchain networks, with the supplied data identifying Solana SPL and ERC-20 formats as well as addresses on Ethereum, Solana, BNB Smart Chain, and Arbitrum. The product sits within the broader xStocks ecosystem, which aims to bring U.S. equities and ETFs into blockchain environments for eligible market participants.

The core technical model is asset tokenization rather than blockchain infrastructure. GMEX tracks the price of GameStop Corp. through a tokenized certificate structure, and the xStocks model is described as 1-to-1 backed by the underlying asset. Because GMEX relies on parent chains for settlement, execution, and security, native blockchain metrics such as mining algorithm, block rewards, block timing, total blocks, and independent full-node count are not applicable to GMEX itself. Its main technical features are wallet-compatible custody, cross-chain mobility, immediate settlement, 24/7 onchain access, and composability with crypto and DeFi platforms where integrations are permitted.

GMEX's primary use case is regulated, blockchain-native exposure to a traditional equity-linked asset. The source data frames xStocks as designed for permissionless integration into crypto platforms, enabling tokenized stock products to interact with exchanges, wallets, analytics services, and potentially DeFi applications. GMEX has verified centralized exchange coverage across Kraken, Coinbase, Bybit, Binance, and Bitget, with decentralized exchange availability represented by Jupiter. Wallet support includes Ledger, Electrum, Argent, Metamask, and Phantom, while explorer and analytics visibility spans Solscan, Etherscan, BscScan, Arbiscan, Arkham, Ethplorer, CoinMarketCap, CoinGecko, CryptoCompare, and Coinbase.

The supplied market data lists GMEX at $22.91, with a $51.76 million market capitalization, $49.7 thousand in 24-hour trading volume, 2.25 million total supply, and 2.25 million circulating supply, implying full circulation under that source's supply snapshot. The all-time high is documented as $34.62 on July 12, 2025, and the all-time low is documented as $19.58 on November 21, 2025. No explicit max supply, public initial distribution percentage, ICO, IDO, fair launch, or premine schedule is provided. Because GMEX is an issuer-created tokenized stock certificate rather than a mined native chain, premine and mining economics do not map cleanly to the asset.

Governance appears issuer-managed rather than DAO-based. The source material references Backed and xStocks as the relevant corporate/product ecosystem, but does not identify GMEX-specific founders, a CEO, a public governance token, voting mechanism, or community-controlled treasury. Regulatory context is central to the product: the source states that xStocks are not intended for U.S. persons, the United States, or prohibited jurisdictions, and that Backed's securities have not been and will not be registered under the U.S. Securities Act of 1933 or with U.S. state securities regulators. The available roadmap information is ecosystem-level rather than GMEX-specific, focused on tokenized equities, cross-chain access, integrated platforms, and broader onchain market infrastructure.

Links
- Website: https://xstocks.com/us/products
- Whitepaper: https://docs.backed.fi/
- GitHub: N/A

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About the D-Score: BlockIndex.AI rates decentralization from 0 to 100 across node distribution, initial distribution, governance, age and history, and autonomy. Methodology: https://blockindex.ai/dscore