Moving into the top 50 and pumping over 1,246% in under 3 weeks, the $MYX token is now on everyone’s radar, and some are wondering if this could be the next $HYPE.
As always, we’re here to deep-dive, explore and share everything we can find out.
So, let us begin our journey into MYX Finance.
What is MYX Finance?
MYX Finance is a decentralized derivatives exchange that initially launched in 2024 with the $MYX token, later launching in May 2025, when it was priced at a measly $0.08…
Many DEXs are coming into fruition, but what makes MYX stand out from the rest?
With backing from Consensys, OKX Ventures, Sequoia and many other leading VCs, MYX Finance was built to compete. Separating it from the competition is its unique trading engine that enables cheap, fast, gasless, private-keyless, zero-slippage trading with up to 50x leverage, and all decentralized. Wow.
How Does MYX Finance Work?
In comparison to your average DEX, which typically uses order books or AMMs, MYX utilizes what’s called the Matching Pool Mechanism (MPM), which, in short, is one big and unified liquidity pool that will match long vs short positions internally to help deliver near-zero slippage, even during the most volatile markets.
Since its inception, the MYX exchange has amassed a TVL of $83.86M, with over 178K users conducting over $98.35B in volume! As it stands, MYX Finance only has 12 tradable tokens and is compatible with the BNB Chain, opBNB, Arbitrum, and Linea. Although there are currently minimal tradable tokens, the volume speaks for itself.
MYX Finance Airdrop
After 15 months of being tokenless, in May 2025, MYX Finance conducted an airdrop where they distributed 14.7% (147M tokens) of the total $MYX supply to loyal users of the protocol. Early users who decided to hold their initial airdrop when $MYX was only $0.08, could now, at a price of over $17.26, sell and make over 210x…
Now, whether it’s true or not, we must consider this and each conduct our own research.
Recently, $MYX has faced claims that over $170M was airdropped to an estimated 100 insider wallets, but the protocol denied any allegations, and despite the rumours and FUD, $MYX has outperformed most of the market and become a top mover, day after day.
$MYX Token
The native token, $MYX, currently serves three key utilities to power the ecosystem. First and foremost, $MYX is used as the governance token; it is also used to earn a share of the platform fees via $MYX staking, and finally, stakers receive trading fee discounts, helping to maximize trader profits!
Conclusion
At the time of writing, the $MYX token is hovering at $17.26 after an insane surge this month of over 1,219%, according to CoinMarketCap. $MYX is currently down 12.12% from its ATH of $19.01 just days ago, and now the question is, will it continue to rise, or are we expecting a big red candle?
Let us know in the comments what you think about $MYX!
MYX Finance Links
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
