MYX Perp DEX—permissionless listings and gasless trading, democratizing alpha for all.
MYX Finance is a decentralized perpetual futures exchange (Perp DEX) focused on making trading accessible to everyone by removing traditional barriers. It operates on BNB Chain and Linea, with plans to expand to Solana, and is known for its permissionless listings, allowing any token, including meme coins and microcaps, to be listed and traded within seconds. Its key features include:
Permissionless Listings: Anyone can list tokens, enabling rapid trading of new assets, from blue-chip to long-tail tokens, fostering early access to high-potential trades.
👉 Gasless Trading: Transactions are signature-free and gasless via Smart Key, eliminating wallet friction and high fees, creating a seamless, CEX-like experience.
👉Chain Abstraction: The Universal Account (UA) and Matching Pool Mechanism (MPM) enable cross-chain trading with one account, offering zero slippage, ultra-low fees (as low as 1 bp), and up to 50x leverage.
👉Democratizing Alpha: MYX aims to level the playing field, allowing retail traders to access institutional-grade infrastructure without complex operations or gatekeeping.
Liquidity and Fees: Liquidity providers (LPs) earn 80% of fees and profits, incentivizing deep liquidity pools. The platform has achieved $42 million in TVL and over 200,000 unique trading addresses pre-IDO.
Backed by $10.5 million from investors like HashKey Capital, HongShan, and Consensys, MYX’s $MYX token saw a 30,296% oversubscribed IDO on Binance Wallet, with listings on Binance Alpha Zone, Bitget, and Pancakeswap, and a 24-hour trading volume of $51.31 million as of May 7, 2025. The upcoming Token Generation Event (TGE) will transition MYX to community-governed decentralized ownership.
By addressing blockchain fragmentation and offering a wallet-free, low-cost trading experience, MYX positions itself as a leader in the chain-abstracted Perp DEX space, competing with platforms like Hyperliquid in 2025.