MYX Finance 

MYX Price

What is MYX Finance crypto?

MYX Finance is a decentralized perpetual exchange (perp DEX) that gives active derivatives traders cross-chain access to perpetual futures through a unified liquidity layer. The protocol runs on a proprietary Matching Pool Mechanism (MPM) and chain abstraction, targeting centralized-exchange-style execution without custody of user funds. Official documentation lists deployments on BNB Smart Chain, Arbitrum and Linea. The MYX token is a BNB Smart Chain contract at 0xd82544bf0dfe8385ef8fa34d67e6e4940cc63e16, verifiable on BscTrace, and DropsTab classifies MYX under Perpetual, Derivatives, DEX and DeFi.

How does trading work on the MYX Finance perp DEX?

MYX Finance matches perpetual futures trades through its proprietary Matching Pool Mechanism, a pooled-liquidity design where traders take positions against protocol liquidity vaults. MYX V2 adds EIP-4337 and EIP-7702 account abstraction, Chainlink oracle pricing, gasless one-click trading and dynamic margin with up to 50x leverage. Liquidity providers deposit into dual vaults that hedge exposure. The protocol advertises zero impermanent loss for LPs, with trading fees and PnL auto-compounded into vault positions.

What is MYX Finance's maximum supply and tokenomics?

Per DropsTab data, the maximum supply of MYX is capped at 1,000,000,000 tokens, and total supply equals that cap. The official tokenomics allocate 40% to ecosystem incentives, 20% to team, advisors and contractors, 17.5% to private-sale investors and 11.7% to airdrops and bounties. Liquidity provisioning holds 4%, the Binance Wallet Future Airdrop bucket holds 3%, the public sale tranche 2%, and the treasury 1.8%.

How does the MYX token unlock schedule affect sell pressure?

The team and private-sale tranches, 37.5% of MYX supply combined, reportedly vest on multi-year schedules, and third-party analyses including an OKX risk note and Wu Blockchain reporting cite quarterly cliff unlocks of roughly 3.9% of total supply (about 39M MYX), with events around August 5, 2025 and October 4, 2025. MYX Finance's own documentation does not publish a dated unlock calendar and defers to third-party unlock trackers. Scheduled insider unlocks remain the dominant supply overhang, and the cited dates are single-source reporting rather than official documentation.

Who backed MYX Finance?

DropsTab fundraising data records three rounds. The seed round on November 28, 2023 raised $5,000,000 at a $50,000,000 valuation, led by HongShan (ex-Sequoia China) with HashKey Capital, OKX Ventures, ConsenSys, Hack VC and GSR among twelve backers. A strategic round on March 8, 2025 raised another $5,000,000 through HashKey Capital, D11 Labs, Metalpha, FL Foundation and Woyong. On February 18, 2026, a further strategic round closed led by ConsenSys, alongside ConsenSys Mesh and Systemic Ventures.

What does MYX Finance's fundraising signal about project maturity?

The backer mix spans top-tier Asia venture capital and exchange-affiliated institutions. HongShan, the former Sequoia China franchise, led MYX Finance's seed round, while OKX Ventures and HashKey Capital tied the project to trading-venue infrastructure early. The February 2026 round made ConsenSys MYX's largest investor, per Decrypt reporting, and funds the V2 rollout and the protocol's stated evolution into a Modular Derivative Settlement Engine, a shared settlement layer for omnichain derivatives.

How did MYX Finance's Project Origin point farming work?

Project Origin was MYX Finance's pre-TGE point-farming campaign, which started on February 27, 2024 and allocated 200,000,000 MYX, 20% of total supply, to early community members. Users earned Gems points by staking and providing liquidity before the token generation event. The official documentation split the pool into a 180M Reward Zone (90%) and a 20M Boost Pool (10%), plus 1.5M MYX in farm and referral task pools.

What did MYX Finance's Binance Wallet TGE involve?

MYX Finance ran its token generation event through Binance Wallet with PancakeSwap in May 2025, backed by a 20,000,000 MYX reward pool for eligible Binance Wallet users. A concurrent public sale tranche priced at roughly $0.009 per MYX raised about $180,000. Eligibility mechanics were documented in the campaign's Binance Alpha Points FAQ, per the official campaign materials.

Which exchanges list MYX for trading?

DropsTab lists MYX across more than 15 spot venues and multiple perpetual-futures venues, with no tracked DEX pairs. Spot trading runs on Kraken (MYX/USD and MYX/EUR), Coinone (MYX/KRW), Gate, MEXC, Bitget, BingX and LBank, predominantly quoted in USDT. Perpetual futures trade on Binance Futures, Bybit and KuCoin Futures, all USDT-margined. Binance exposure comes through Futures and the Binance Alpha venue. Liquidity depth concentrates in mid-tier CEX venues, with the Kraken and Coinone fiat pairs as the main non-USDT exits.