Major technical upgrade: The third-generation DDEX completely disrupts derivatives trading.
MYX has implemented a powerful MPM (Matching Pool Mechanism) that directly breaks the bottleneck of traditional DEXs. In simple terms, it achieves zero slippage trading, and capital efficiency has increased by 125 times! The capital utilization rate of LPs is significantly higher than that of big brothers like GMX and dYdX. It has also designed a chain abstraction liquidity layer that allows seamless interconnection of multi-chain assets, enabling users to directly open positions with isolated assets, thereby multiplying liquidity by dozens of times. The mainnet has only been live for six months, yet daily trading volume has surpassed $220 million, and the TVL on the Linea chain skyrocketed by 500% within 30 days, with (The Block) labeling it as "the fastest-growing derivatives protocol in history."
Big capital is betting: Sequoia + ConsenSys backing.
In the seed round, MYX raised $5 million, led by Sequoia China, with 12 top institutions including ConsenSys and OKX Ventures following suit, bringing the valuation to $50 million. The team members come from top centralized exchanges and traditional financial institutions, with experience managing exchanges worth hundreds of billions, making their currency management capabilities among the best in the industry. Recently launched on Binance Alpha, the first-day trading volume exceeded $51.31 million, with an oversubscription rate of 30,296%. Institutions are scrambling for it, sending a clear signal.
Money-making opportunity: 20% token airdrop + zero-cost farming.
MYX's origin plan has already airdropped 43 million MYX tokens, accounting for 4.3% of the total supply. Users can obtain MYX at zero cost by trading, staking MLP, or participating in joint activities (for example, collaborating with zkPass to share 2 million tokens). The current circulating market cap is only $64.68 million, and the team has reserved 45% of the tokens (450 million) for long-term community incentives, making the circulating supply quite scarce. After the Cancun upgrade, on-chain transaction costs have dropped by 80%, and MYX is now on the verge of a breakout.
Conclusion: The next Hyperliquid? Don't miss MYX if you missed HYPE.
Previously, Hyperliquid's token HYPE once had a market value exceeding OKB, but now MYX has arrived, reshaping the derivatives track with a lower threshold and better experience. By getting in now, you can enjoy the benefits of skyrocketing token prices and achieve "trading as mining" through airdrops to gain excess returns. The most stable wealth opportunity in 2025 might just be MYX, don't miss out again!
