Institutions' optimism for $MYX mainly stems from its innovations and advantages in model, economic system, deflationary logic, and other aspects, as well as strong institutional endorsements and development potential:
1. Reconstructing the logic of perpetual trading and community governance
$MYX breaks the traditional PoS framework, deeply integrating DeFi and trading infrastructure, focusing on reshaping the ownership of perpetual trading matching rights.
Node voting system innovation: Unlike traditional Web2 'pulling attention and retweets' low-cost marketing, $MYX's node voting requires staking MYX, where participants must invest real money, ensuring the 'cost threshold' and 'real participation' of voting. This mechanism returns governance rights to community members who truly care about the project's long-term value, rather than merely traffic players.
Community-led matching rights: Through the staking mechanism, the community can directly participate in formulating trading matching rules (such as fees, liquidity distribution, etc.), changing the traditional model where centralized teams control the rules, enhancing users' sense of belonging and trust in the platform.
2. Liquidity and data drive dual engines, deeply binding interests
$MYX has built a positive ecological cycle of 'staking - liquidity - trading data':
Customizable profit-sharing mechanism: Staking rewards can be customized by node operators with a distribution ratio (0%-100%), for example, a typical allocation of 70% rewards to voters (stakers) and 30% to node operators. This design deeply binds the interests of nodes, stakers (voters), and the platform—nodes must optimize services to attract more staking for profit, while stakers are driven by returns to actively maintain the platform ecology, forming a closed loop of 'co-construction - sharing'.
Efficient utilization of liquidity: Relying on MYX's MPM matching pool mechanism, capital efficiency is improved by 125 times, and LP capital utilization far exceeds that of established protocols like GMX and dYdX. High liquidity attracts more traders, while trading data (such as trading volume and open interest) further feeds back into staking yields, forming an ecological flywheel.
3. Low market cap + institutional entry, significant price growth potential
Scarcity of circulating supply: The current circulating market value is only $64.68 million, and the team has reserved 45% of the tokens (450 million) for long-term community incentives, leading to limited short-term circulation. The staking mechanism further locks in token circulation, creating a natural deflationary effect.
Expectation of institutional capital injection: Top institutions like Sequoia China and ConsenSys led a $5 million investment in the seed round, valuing the company at $50 million. As more institutions participate in staking (such as confirmed Sequoia China, LINEA, FL Foundation, Woyong), capital entry will directly boost market demand for the tokens. Referring to Hyperliquid (HYPE), which once surpassed OKB in market cap performance, the growth potential of $MYX from a low valuation starting point is widely optimistic.
4. Top capital votes with real money
Luxurious lineup of investment institutions: The seed round was led by Sequoia China, with 12 institutions including ConsenSys (core builders of the Ethereum ecosystem), OKX Ventures, participating, highlighting the dual recognition of traditional capital and the blockchain ecosystem for the $MYX model.
Staking institutions continue to increase their stakes: Currently confirmed participating institutions include Sequoia China, LINEA, FL Foundation, and Woyong, with LINEA being a star project of Ethereum Layer2, whose endorsement directly enhances $MYX's credibility in the multi-chain ecosystem. Additionally, Binance Foundation purchased 25,000 MYX (reference link: Binance Alpha launch dynamics), further releasing signals that 'top exchanges are optimistic'.
Team experience endorsement: Core members come from top centralized exchanges and traditional financial institutions, possessing experience in managing exchanges worth hundreds of billions, with leading currency management capabilities in the industry, reducing project execution risks.
5. Continuous innovation, solidifying long-term value
Chain abstract liquidity layer: Supports seamless communication of multi-chain assets, allowing users to open positions directly with isolated assets, amplifying liquidity several times and solving the traditional DeFi 'asset island' problem, fitting the current multi-chain development trend.
Cancun upgrade dividends: After the Ethereum Cancun upgrade, on-chain transaction costs have decreased by 80%. As a Layer2 ecological participant, $MYX will directly benefit from the surge in on-chain activities, further enhancing trading volume and staking demand.
Continuously building team: From breaking $220 million in daily trading volume six months after the mainnet launch to exceeding $51.31 million on the first day of Binance Alpha launch (oversubscription rate of 30296%), the team demonstrates its execution capability with data. The official team continues to disclose details of the staking mechanism and institutional participation progress through Twitter, Medium, and other channels to maintain community engagement.
6. The next Hyperliquid?
Benchmarking Hyperliquid (HYPE), which once surpassed OKB in market cap, $MYX has similar advantages of 'low threshold, high experience', but is more differentiated in the following dimensions:
Lower entry valuation: The current circulating market value is only about 1/10 of HYPE's peak period, with significant valuation depression effects at the initial stage of institutional entry.
Deeper community governance: Through the staking mechanism, ordinary users can directly participate in the distribution of platform revenue (trading is mining + airdrop incentives), lowering the threshold for user participation and expanding the community base.
Compound growth through multi-chain + institutional staking: Relying on Layer2 ecosystems like Linea and top institutional endorsements, the user and liquidity growth of $MYX may be more explosive than that of single-chain projects.
Why are institutions eager to bet?
The core attraction of MYX lies in reconstructing the underlying logic of derivatives trading using blockchain technology, combining the efficiency advantages of centralized exchanges with decentralized governance, while creating a clear value capture path through staking mechanisms, institutional endorsements, and deflationary models.
For institutions, this is both an opportunity to lay out next-generation trading infrastructure and a window to seize new narrative leaders during the undervalued phase. With more institutions confirming participation in staking and the Cancun upgrade landing, the explosive potential of MYX deserves continuous attention.
