What is MYX Finance?
MYX Finance is a decentralized perpetual futures trading protocol that operates across multiple blockchains such as BNB Chain, Arbitrum, Linea, and opBNB.
It offers fast trading, zero slippage, and high capital efficiency thanks to its unique liquidity alliance mechanism, called Mechanism Pool Matching (MPM).
It also features a global cross-chain account, allowing users to trade seamlessly across different networks without the need for manual switching or additional network fees.
--
MYX Token Utility
MYX Token has several core functions within the platform:
Governance and voting in decentralized autonomous organizations (DAOs).
Participation for rewards and a share of platform revenue.
Incentivizing liquidity providers and supporting network infrastructure through Keeper contracts, which require MYX participation.
---
Market Performance and Key Statistics
Maximum Supply: 1 Billion MNT (MYX)
Circulating Supply: Approximately 197 Million MNT (MYX)
Historic High: Approximately $0.1638-0.164 (June 30, 2025).
The token saw a sharp surge of nearly 300% in August 2025, driven by trading activity following the token launch event and increased adoption.
On August 6, 2025, approximately 3.9% of the total supply was released during the token launch event, causing significant market volatility.
-
Recent Developments and Roadmap
May 6, 2025 - Token Generation Event (TGE):
Launched via Binance Wallet in partnership with PancakeSwap, with a two-hour early access period. Allocations were divided between the investor community and institutional investors.
BNB Chain Incentive Program:
MYX Finance was added to the $100 million incentive pool after listing on Binance Alpha, providing strong support and liquidity.
Security Update (July 2025):
Adjustments to staking contracts following the discovery of security vulnerabilities.
Advanced Trading Features (August 2025):
Automated Take Profit and Stop Loss Order Entry.
Upcoming Roadmap
1. Version 2 update in Q4 2025 – Improved MPM, capital efficiency, and expanded cross-chain support.
2. Cross-chain expansion in 2026 – Adding more EVM-compatible chains like Polygon and increasing opBNB integration into global accounts.
3. Launch of decentralized governance – allowing token holders to actively contribute to the development of the protocol (date to be confirmed).
---
Conclusion
MYX Finance is an innovative decentralized perpetual futures trading platform focused on efficiency and a seamless cross-chain user experience.
The MYX token plays a pivotal role in the governance, storage, and security of the ecosystem.
The project gained strong momentum throughout 2025, supported by key ecosystem partnerships.
There are still risks due to high price volatility and uncertainty regarding the long-term distribution of tokens among institutions.
