MYX Finance

What is MYX Finance (MYX)?

MYX Finance is a decentralized perpetual derivatives exchange (DEX) that focuses on zero-slippage trading and deep liquidity through its unique Matching Pool Mechanism (MPM). Instead of using a traditional order book, MYX pools long and short positions into a shared collateral system, allowing trades to be executed efficiently while minimizing slippage and maximizing capital efficiency.

The project was founded in 2023 in Singapore by Mark Zhang, who serves as CEO. Zhang previously worked in the core team of a major centralized exchange, bringing professional-grade market expertise into the decentralized space.

MYX Finance is built on the BNB Chain, with extended support across Arbitrum, Linea, and opBNB, making it a multi-chain platform. It combines professional-level derivatives infrastructure with user-friendly features such as simplified wallet access, gas abstraction, and social login, designed to make DeFi trading more accessible to both retail and institutional participants.

Backed by top-tier investors including HongShan (ex-Sequoia China), ConsenSys, Hack VC, HashKey Capital, and OKX Ventures, MYX Finance has quickly positioned itself as one of the rising protocols in the DeFi derivatives market.

Key Features of MYX Finance

• Matching Pool Mechanism (MPM) – Pools collateral and nets long/short positions to minimize slippage.
  
• Cross-Chain Trading – Supports trading across multiple chains without manual bridging.
  
• High Leverage – Offers up to 50× leverage for perpetual contracts.
  
• User-Friendly Access – Features simplified onboarding with wallet integration and authentication tools.
  
• Strong Backing – Supported by leading global investors in both Web2 and Web3 sectors.

What is the MYX Token and Its Utility?

The MYX token is the backbone of the ecosystem and plays multiple roles:

• Governance – Token holders can vote on protocol decisions.
  
• Staking & Rewards – Incentives for Liquidity Providers and Token Holders.
  
• Ecosystem Incentives – Rewards early adopters and active traders.
  
• Keeper Nodes – Locked MYX tokens are required for node runners who validate and maintain the system.

MYX Finance (MYX) Coin History

• Founded: 2023, Singapore
  
• Founder & CEO: Mark Zhang
  
• Seed Round (Nov 2023) – Raised $5 million from HongShan (ex-Sequoia China), ConsenSys, Hack VC, HashKey Capital, OKX Ventures, and others.
  
• Strategic Round – Follow-up investments from HashKey Capital, D11 Labs, and other partners..
  

• Token Generation Event (TGE) & Launch: MYX Finance officially launched its token in Q2 2024, about 125 days ago (from September 2025).

• Initial Price: MYX was first listed around $0.20–$0.25 during its launch phase.

• Initial Exchange Listing: The token debuted on Bitget and PancakeSwap V3 (BNB Chain), with Bitget leading as the first major centralized exchange (CEX) to support MYX.

MYX Tokenomics

• Maximum Supply: 1 billion MYX
  
• Distribution:
  
  
• Community & Incentives – 40%
  
• Core Contributors – 20%
  
• Investors – ~18%
  
• Airdrops – 15%
  
• Liquidity & Foundation – ~7%

Where to Buy MYX Token?

The MYX token is actively traded across both Crypto exchanges.

Top Centralized Exchanges (CEX): Bitget, Ourbit, Bitunix, MEXC, XT.COM, DigiFinex, LBank, Biconomy, KCEX, BitMart, CoinEx, Hibt.

Decentralized Exchanges (DEX): PancakeSwap V3 (BNB Chain), Uniswap V3/V4 (BNB Chain).

Best Wallets to Store MYX Finance (MYX)

A wide range of Web3 wallets supports MYX. Popular options include:

MetaMask, TokenPocket, SafePal, Coinhub, OKX Wallet, Binance Wallet, Coin98, Halo Wallet (KuCoin Wallet), XDEFI Wallet, Bitget Wallet, Frontier Wallet, Blocto Wallet, OneKey Wallet, ONTO Wallet, Uniswap Wallet, Guarda Wallet