What is 'chain abstraction'? What is 'Dual Account'? Why is MYX being fought over by HashKey, Sequoia, and OKX? If you only look at the token price, then you haven't understood its ambition at all.
Are you still waiting for the 'next GMX'?
Then let me tell you:
MYX is not the next GMX, it is the first pioneer of the entire 'Chain Abstraction Perpetual Era'.
In your eyes, it may just be 'a perpetual trading platform on BNB Chain', but in my view, it represents the formal outbreak of the next round of DeFi modularization, cross-chain abstraction, and capital efficiency revolution.
Don't rush, let's start by talking about what 'different' things it has done.
🔧 1. From 'cross-chain troubles' to 'chain seamlessness' — MYX has turned multi-chain trading into a Web2-level experience.
Have you also experienced these pain points:
• Want to do a perpetual on Arbitrum, but the assets are still on BNB Chain, slow transfer + lag + high fees.
• All chain DEXs require signatures, chain switching, and back-and-forth hassle, which is extremely inefficient.
• Wallet security is poor; if phishing occurs, all assets will be lost.
MYX directly addresses these underlying issues, proposing two core mechanisms:
✅ 1) Chain Abstraction Architecture
• No need for you to switch chains, nor to transfer assets to different chains.
• You only need one operation page, MYX abstracts different chain assets in the background.
• Essentially turning 'chains' into backend interfaces, making trading a front-end 'seamless experience'.
✅ 2) Dual Account Model
• Users' assets are placed in the 'main account', and only you can move them.
• What is really traded is the 'sub-account', used for placing orders, clearing, limit slippage, and take profit/stop loss.
• Each transaction does not require you to sign frequently; the experience is almost equivalent to centralized exchanges (CEX), but security is on-chain.
📊 2. The next stop for perpetual contracts is not bigger leverage, but 'zero slippage + unlimited efficiency'.
MYX does not rely on 'transaction fee wars' or 'high leverage' to compete with peers, but uses the MPM mechanism (Matching Pool Mechanism) to open up a new model:
• Every transaction will be hedged by the system, buy and sell automatically matched.
• No traditional AMM pools + multi-hop paths + slippage.
• Actual effect: placing take profit and stop loss in a volatile market still achieves 'precise execution'.
What does this concept mean?
This means —
You use the speed and stability of CEX for transparent perpetual trading on-chain.
And the platform can leverage a smaller capital pool to achieve larger trading volumes, with capital efficiency reaching 125 times.
This is the first time in the history of on-chain DeFi that efficiency and transparency are maximized simultaneously.
🏦 3. Dual endorsement from capital and officials, this is not a toy project, this is 'the sandbox for future finance'.
Take a look at the backers and network behind it:
• ✅ Sequoia Capital: The VC that understands 'long-term structural opportunities' the best.
• ✅ HashKey Capital: The father of globally compliant trading platforms.
• ✅ ConsenSys: The king of infrastructure behind MetaMask.
• ✅ BNB Chain Official: Directly included in the $100 million incentive program, personally invested money, issued incentives, and made official announcements.
While you weren't paying attention, it has quietly become the only DEX on BNB Chain with 'chain abstraction + zero slippage hedging + modular perpetual' capabilities.
It's not that kind of 'launch token today, exit tomorrow' flash project; MYX's entire tech stack, capital pool, and contract design are aimed at setting industry standards five years from now.
🔍 4. So what stage is it currently in?
• Has launched Binance Futures contracts, starting to gain attention from the secondary market.
• Community airdrops are currently being released, actual tokens can be checked on-chain.
• Daily trading volume gradually increases, TVL continues to grow, but the overall market value is still undervalued.
To put it more directly:
If you agree that 'chain abstraction + efficient DeFi + modular contracts' is the future direction, then MYX is the 'first stop where no one is queuing yet'.
🧠 Why am I writing this article?
Because in the past, I also focused on token prices and listened to KOLs calling for trades, missing out on what truly changes the world again and again.
Now, I want to be the one who no longer misses out.
And you reading this article may be your turning point:
• If you want to truly participate in 'on-chain innovation with your wallet' at once
• If you want to bet on a protocol that has 'future value beyond simple ups and downs'.
• If you still believe that DeFi is not about issuing tokens, but about rebuilding trust structures.
Therefore, MYX is worth looking into, not just a passing glance.
📍 Finally, let me pose a question:
Do you think that one day 'on-chain trading experience' will be as seamless as Alipay?
If there are any, they are most likely from projects like MYX.