MYX Price

MYX is a cryptocurrency powering the MYX Finance platform, a non-custodial derivatives exchange for trading perpetual contracts. Key features include: - Enables on-chain trading of perpetual contracts for virtually any token with an existing AMM market - Utilizes an innovative Matching Pool Mechanism (MPM) for efficient liquidity provision - Employs chain-abstracted wallet technology to allow seamless trading across multiple blockchains - Supports fully collateralized trades without manual intervention - Aims to lower capital costs for liquidity providers and remove network barriers for traders - Simplifies advanced derivatives trading to be as accessible as spot swaps As of 2026-02-02, MYX is ranked #59 with a price of $5.52 and 24-hour trading volume of $580.91K. The circulating supply is 251.47M MYX out of a maximum supply of 1B MYX MYX tokens.

MYX was created in 2023. It operates on the BNB Smart Chain platform. The current circulating supply is 251.47M MYX.

The founders of MYX are Mark Zhang and a team of experienced developers. Mark Zhang previously served as the head of futures products at a major cryptocurrency exchange. MYX was launched in 2023 as a decentralized derivatives exchange protocol on the BNB Smart Chain. The founding team aimed to create a non-custodial platform for trading perpetual contracts on virtually any token with existing liquidity. Their goal was to lower capital costs for liquidity providers, remove barriers for traders, and make advanced derivatives as accessible as spot trading. With Mark Zhang's background in crypto futures products, the MYX team brought significant expertise to developing their decentralized derivatives protocol.

MYX operates as a decentralized derivatives exchange on the BNB Smart Chain. It enables on-chain trading of perpetual contracts for various tokens with existing AMM markets. Key features include: 1. Non-custodial trading: Users maintain control of their funds. 2. Capital efficiency: Lowers the cost of providing liquidity. 3. Simplified trading: Makes advanced derivatives as accessible as spot swaps. 4. Zero-slippage trades: Utilizes a unique Matching Pool Mechanism to match opposing trades algorithmically. 5. High leverage: Offers up to 50x leverage on trades. 6. Governance: The native MYX token is used for protocol governance. MYX aims to remove network-related barriers for traders and streamline the derivatives trading process. Its innovative liquidity model and matching mechanism help minimize price impact, allowing for more efficient trading. As of 2026-02-02, MYX is ranked #59 with a price of $5.52 and a 24-hour trading volume of $580.91K. The circulating supply is 251.47M MYX MYX out of a maximum supply of 1B MYX MYX.

MYX's technical architecture is built on a unique Matching Pool Mechanism (MPM) that enables zero-slippage trading. This innovative system internally matches long and short positions, combining the speed of centralized exchanges with the transparency of DeFi. The MPM allows trades to execute instantly at marked prices without slippage, setting MYX apart from typical decentralized exchanges. The protocol operates on the BNB Smart Chain (BEP-20) platform, leveraging its efficiency and low transaction costs. MYX's smart contracts are designed to facilitate on-chain trading of perpetual contracts for a wide range of tokens with existing AMM markets. Key features of MYX's architecture include: 1. Cross-chain capabilities for enhanced interoperability 2. Non-custodial design, ensuring users maintain control of their assets 3. Advanced risk management systems to maintain protocol stability 4. Streamlined trading flow for simplified user experience The MYX team is continuously developing the protocol, with an upcoming V2 upgrade planned to further enhance its capabilities and efficiency in the DeFi ecosystem.

The future of MYX looks promising. The project aims to continue developing its non-custodial derivatives exchange and expand its offerings. Key roadmap milestones include: - Enhancing liquidity and capital efficiency - Launching new perpetual contract pairs - Improving the user interface and trading experience - Expanding cross-chain capabilities - Growing the community and ecosystem Price projections remain optimistic: - 2027: $6.19 - 2031: $8.58 - 2036: -- MYX aims to become a leading decentralized derivatives platform, lowering barriers for traders and simplifying advanced trading. With its focus on innovation and user-centric design, MYX is well-positioned for long-term growth in the evolving DeFi landscape. As always, investors should conduct their own research, as cryptocurrency markets can be volatile and unpredictable.