Summary
MYX Finance is a decentralized exchange (DEX) built for perpetual futures and derivatives trading, offering a seamless and low-cost user experience. Its unique Matching Pool Mechanism (MPM) ensures zero slippage, up to 50x leverage, and exceptional capital efficiency.
Currently live on Linea, Arbitrum, and BNB Chain, MYX supports cross-chain trading and continues to expand its ecosystem. As of May 7, 2025, the platform has reached a total value locked (TVL) of $41.15 million.
For anyone exploring the DeFi trading space, MYX stands out with its advanced infrastructure, strong growth momentum, and an active, expanding user base—making it a project worth keeping an eye on.
Introduction
Launched in February 2024, MYX Finance is a next-generation decentralized exchange (DEX) that merges the speed of centralized platforms with the security and transparency of decentralization, specifically designed for crypto derivatives trading. At the core of MYX is its Matching Pool Mechanism (MPM), which delivers zero slippage, low trading fees, and up to 50x leverage for perpetual futures.
The platform is fully non-custodial and designed with user experience in mind, making it a seamless bridge between traditional finance and blockchain. Backed by $10.5 million in funding and a recent token launch, MYX is rapidly gaining traction as it redefines how users engage with DeFi trading.
This article takes a closer look at what makes MYX Finance stand out—and why it’s capturing the attention of the crypto world. Whether you’re a seasoned DeFi trader or simply curious about the future of on-chain derivatives, this guide offers a comprehensive look at how MYX is reshaping the landscape.
Why You Should Be Watching MYX Finance Right Now
MYX Finance (MYX) has been gaining serious traction since late 2024, and momentum is accelerating into 2025. The platform made headlines with its IDO on Binance Web3 Wallet in May 2025—an event that drew massive attention, especially given the strong post-launch performance of previous tokens like $SHELL, which surged over 600%.
On social media platform X, MYX’s growth is being closely tracked. In Q1 2025 alone, MYX’s Total Value Locked (TVL) skyrocketed from $10 million to $42 million, signaling growing user trust and protocol usage.
At the same time, MYX has announced expansion to Solana and is building toward an ambitious goal: launching a permissionless chain-abstracted perpetual DEX, a move that could position MYX to compete with industry leaders like Hyperliquid. Its traction is further fueled by community-driven initiatives, including trading mining rewards and airdrop campaigns, which have attracted over 200,000 unique trading addresses.
If you’re interested in the future of DeFi derivatives, MYX’s innovative model, rapid adoption, and multi-chain support make it one of the most compelling projects to watch in 2025.
MYX Finance at a Glance
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Project Name: MYX Finance (MYX)
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Website: MYX Finance Official Site
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Whitepaper: MYX Token Whitepaper
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BSC Contract:
0xD82544bf0dfe8385eF8FA34D67e6e4940CC63e16
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Total Supply: 1 Billion MYX
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Blockchain Explorer: View on BscScan
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CEX Listing: CoinEx
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DEX Listing: PancakeSwap V3 (BSC)
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Community Channels:
What Is MYX Finance (MYX)?
MYX Finance is a decentralized derivatives exchange (DEX) that enables users to trade perpetual futures and other derivatives with the efficiency of a centralized exchange (CEX) while maintaining the transparency and control of DeFi.
At the core of MYX’s trading engine is its innovative Matching Pool Mechanism (MPM), which delivers a seamless and efficient trading experience with zero slippage, high leverage, and ultra-low fees.
Key Features of MYX Finance:
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Zero Slippage
The MPM model instantly matches long and short positions, eliminating price impact during trades. -
High Leverage
Traders can access up to 50x leverage on USDC-margined perpetual contracts. -
Low Fees
Enjoy trading fees as low as 0.01% per side, with no borrowing costs on open positions. -
Non-Custodial
MYX is fully decentralized—users retain complete control over their assets and can trade without registration. -
Cross-Chain Support
The platform is live on Linea, Arbitrum, and BNB Chain, and accepts collateral from over 20 different blockchain networks (as listed on CoinMarketCap in 2025). -
Gasless Trading
A relayer network covers gas fees, making transactions feel instant and friction-free.
How Does MYX Finance Work?
MYX Finance reimagines decentralized trading by moving beyond traditional order book systems. Instead of matching buyers and sellers through a book, it uses liquidity pools (LPs) as the counterparty to every trade, enabling a more efficient and scalable DeFi experience.
Matching Pool Mechanism (MPM)
The Matching Pool Mechanism (MPM) acts like an intelligent trade matcher. When a trader opens a position—say, a long on BTC—the liquidity pool takes the opposite side (a short) and locks up collateral to support the trade. If another trader later opens a matching short position, the pool pairs the two traders and releases its capital.
This design allows for:
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Instant execution
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Zero slippage
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Up to 125x capital efficiency, as the pool can support more trading volume than it holds in assets.
Funding Rate Dynamics
To maintain market balance, MYX applies an hourly funding rate. The side with higher open interest (longs or shorts) pays a small fee to the opposite side. This incentivizes traders to keep positions balanced, reduces risk for LPs, and promotes healthier market dynamics. (MYX Finance, 2025)
Auto-Deleveraging (ADL)
When the market becomes highly imbalanced or liquidity is strained, MYX uses an Auto-Deleveraging (ADL) system. ADL automatically closes the most profitable opposing positions to reduce exposure and maintain platform stability—without requiring additional capital from users.
Chain Abstraction
MYX supports chain abstraction through a unified trading account, allowing users to trade seamlessly across multiple blockchains—such as Solana, Arbitrum, and others—with a single wallet. No bridging, no asset swapping, and no manual gas payments. All fees are handled behind the scenes through a relayer network.
MYX Finance Funding Overview
MYX Finance has successfully raised $10.5 million in funding, demonstrating strong investor confidence in its vision and technology. The project’s seed round in November 2023 secured $5 million at a $50 million valuation, backed by top-tier investors including:
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HongShan (Sequoia China)
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HashKey Capital
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Consensys
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Hack VC
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OKX Ventures
This capital has supported key milestones such as the rollout of cross-chain collateral, Solana integration, and strategic market expansion. With the mainnet launch completed and a highly anticipated IDO generating significant momentum, MYX is now well-positioned for the next phase of growth.
MYX Tokenomics
The $MYX token has a fixed total supply of 1 billion, with a thoughtfully designed allocation model aimed at long-term sustainability and ecosystem growth:
Allocation | Percentage | Purpose |
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Community Rewards | 45% | Incentives for traders and liquidity providers via airdrops & programs |
Team & Advisors | 20% | Align team incentives with long-term platform success |
Institutional Investors | 20% | Strategic partnerships and ecosystem expansion |
Initial Liquidity | 10% | Smooth post-TGE trading and DEX/CEX support |
Future Reserve | 5% | Funding for future initiatives and upgrades |
Token Utility
$MYX is designed as a multi-utility governance token that empowers holders with:
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Protocol Governance – Vote on key decisions and proposals
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Fee Sharing – Earn a share of platform-generated fees
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Trading Incentives – Enjoy fee discounts and exclusive platform benefits
With its strong fundamentals, strategic investor backing, and rapidly expanding user base, MYX Finance is positioning $MYX as a core asset within the next generation of DeFi infrastructure.
Price Performance of MYX Finance (MYX) on CoinEx
MYX Finance (MYX) Market Update as of May 7, 2025
As of May 7, 2025, MYX Finance (MYX) has experienced notable price fluctuations. Over the past 24 hours, the token’s price declined by 18.75%, and over the last week, it has dropped approximately 11.91%.
Currently, MYX is trading at around $0.1015. These figures highlight the inherent volatility and market risks associated with crypto assets. For the latest price updates and detailed market data, users are encouraged to follow CoinEx.
Is MYX Finance a Worthwhile Investment?
MYX Finance distinguishes itself with an innovative approach—a permissionless, chain-abstracted decentralized exchange (DEX) offering speeds and costs comparable to centralized platforms. Its proprietary Matching Pool Mechanism (MPM) delivers fast, low-cost, and secure trading, effectively addressing common DeFi challenges such as slippage and high fees.
With $10.5 million in backing from top-tier investors and a Total Value Locked (TVL) of $41.15 million as reported by DeFiLlama (May 7, 2025), the market demonstrates strong confidence in MYX’s potential.
Recent Developments and Market Sentiment on MYX Finance
The recent Binance Wallet IDO and planned Solana expansion have significantly boosted MYX Finance’s visibility and appeal. Posts on X (formerly Twitter) have even dubbed it the “Uniswap of perpetual contract DEXs.”
However, it’s important to recognize the inherent volatility of the cryptocurrency market. MYX’s offering of high leverage up to 50x introduces substantial risk. The platform’s success will largely depend on continued user adoption and overall market conditions.
For investors bullish on DeFi and derivatives, MYX’s innovative technology, vibrant community, and strong growth momentum make it an attractive option. Nevertheless, thorough research and risk assessment are crucial before investing.
(MYX Finance, 2025)
Frequently Asked Questions (FAQ)
Is MYX Finance a good investment?
It depends on your risk tolerance. MYX’s innovative Matching Pool Mechanism (MPM), robust funding, and increasing Total Value Locked (TVL) point to promising potential. However, crypto markets remain volatile, so it’s vital to study its tokenomics and market trends carefully before making a decision.
How can I buy MYX Finance tokens?
You can purchase $MYX on CoinEx (trading pair: MYX/USDT) or directly through the MYX platform after the Token Generation Event (TGE). Use a compatible wallet like MetaMask and ensure you have USDC or other supported assets for trading.
What makes MYX Finance unique?
MYX combines the efficiency of centralized exchanges with the security and transparency of decentralized platforms through its Matching Pool Mechanism. This ensures zero slippage, up to 50x leverage, low fees, and seamless cross-chain trading.
References
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CoinMarketCap. (2025). MYX Finance Price Today & Overview. https://coinmarketcap.com/currencies/myx-finance/
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CoinGecko. (2025). MYX Finance Current Price. https://www.coingecko.com/en/coins/myx-finance
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DeFiLlama. (2025). MYX Finance TVL. https://defillama.com/protocol/myx-finance
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MYX Finance. (2025). MYX Finance Whitepaper. https://myxfinance.gitbook.io/myx
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MYX Finance. (n.d.). Official Website. https://myx.finance/