MYX Network (MYX) Price

$0.0006630318

MYX Network (MYX) Price Today

The live price of MYX Network is $0.0006630318 USD. In the past 24 hours, the trading volume of MYX Network was -- USD, with a change of +0.02%. The current live price of MYX Network has changed by 0% from its 7-day high of $- USD and by 0% from its 7-day low of $- USD. With a circulating supply of $973,706,026.00 MYX, the market cap of MYX Network is currently -- USD, marking a 0% change in the last 24 hours. MYX Network currently ranks - by market capitalization.

MYX Network (MYX) Market Data

Market Cap

24h Volume

Circulating Supply

973.7M MYX

Maximum Supply

1B MYX

Fully Diluted Market Cap

Liquidity Indicator

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About MYX Network (MYX)

What Is MYX Finance (MYX) and How Does It Work?

MYX Finance (MYX) is a decentralized derivatives exchange protocol built for on-chain perpetual swaps and futures trading. Rather than relying on traditional order books or constant-product automated market makers (AMMs), it uses a shared collateral pool model to enable slippage-free trading with up to 50× (and theoretically up to 125×) leverage on USDC-margined contracts.

At its core is the Matching Pool Mechanism (MPM), where liquidity providers deposit funds into a central pool that automatically takes passive long or short positions to immediately fill traders’ orders. When long and short open interest imbalances arise, the pool nets funding transfers at regular intervals and gradually matches counterparties in a delayed fashion, ensuring every trade remains fully collateralized, even when total open interest exceeds assets locked.

What Is the Matching Pool Mechanism (MPM) on MYX Finance?

The Matching Pool Mechanism (MPM) is MYX Finance’s proprietary, order-book-free engine that uses a single, shared collateral pool to back all perpetual swap trades. Liquidity providers deposit assets (e.g. USDC) into this central pool, which then automatically takes the opposite side of every trader’s position, ensuring instant, zero-slippage execution.

As long and short open interests diverge, the pool accumulates imbalances; at periodic intervals it nets funding payments between longs and shorts and “delayed matches” counterparties by closing or opening internal positions to rebalance the pool, all while maintaining full collateralization, even when total open interest exceeds the pool’s size.

How Does MYX Finance Manage Liquidity Risks and Mitigate Counterparty Exposure?

MYX Finance layers several risk-controls to ensure deep, continuous liquidity and cap counterparty exposure:

1. Temporary Pool Counterparty: Its LP pool steps in as a “stand-in” counterparty whenever a new long or short order arrives without a matching opposing trade. As soon as natural counterparties appear, the pool automatically unwinds those interim positions, so traders always get filled, and the protocol never runs dry.

2. Periodic Funding & Netting: The Matching Pool Mechanism regularly nets funding payments between longs and shorts, rebalancing the pool and preventing runaway imbalances.

3. Intelligent Risk Management: An on-chain monitoring system watches for oracle failures, network outages, liquidity squeezes, one-sided markets, and potential asset collapses. It can trigger automated safeguards, like circuit breakers or parameter adjustments, to protect the pool and LPs.

4. External Hedging & Auto-Deleveraging: In extreme stress, LPs may hedge open positions on external venues (e.g., centralized exchanges), or the protocol can use an Auto-Deleveraging (ADL) mechanism to offload excessive exposure systematically.

Together, these layers keep every trade fully collateralized and cap counterparty risk, even when total open interest temporarily exceeds the pool’s size.

When Was MYX Finance Launched?

MYX was built by a group of DeFi and TradFi veterans aiming to “democratize alpha for all.” While the full founding roster isn’t publicly detailed, the core leadership includes Ryan Zhang (CPO), and the project counts strategic backing and technical support from HashKey Capital, ConsenSys, OKX Ventures, FL Foundation, Metalpha, and D11 Labs.

MYX Finance kicked off development with a $5 million seed round led by HongShan (formerly Sequoia China) and HashKey Capital, with participation from ConsenSys, OKX Ventures, GSR, and Hack VC. After several months of internal testing, the protocol went live on Linea and BNB Chain, processing over 200,000 unique trading addresses in its first months. The $MYX token officially launched via an IDO, selling 20 million tokens (2% of supply) at $0.009 each and raising $180,000, with allocations capped per user to ensure broad participation.

MYX Finance Roadmap

MYX Finance has already deployed on Linea, Arbitrum, and BNB Chain, with collateral support across 20+ networks. Next on the development agenda:

1. Cross-Margin Trading: Allowing positions on multiple pairs to share collateral.

2. Cross-Chain Portfolio Margining: Netting gains and losses across assets on different blockchains.

3. Chain Abstraction for Non-EVM Platforms: Bringing Solana and other chains into the MPM framework.

4. Automated Market Creation: Simplifying the launch of new perpetual pairs with one-click tooling.

What Are the Primary Use Cases of MYX Token?

The MYX token powers key ecosystem functions. Holders use it for on-chain governance (voting on protocol upgrades), receive a share of trading-fee revenue via fee rebates, and earn staking rewards by locking MYX in the Matching Pool Mechanism. It also incentivizes liquidity provision and grants access to exclusive reward campaigns and lower trading fees.

You can trade MYX on BingX by depositing USDT into your account, navigating to the spot market and selecting the MYX/USDT pair, choosing a market or limit order, entering the amount of MYX you wish to buy or sell, and confirming the trade.

What Is MYX Finance Tokenomics?

MYX Finance has a fixed supply of 1,000,000,000 MYX, allocated to drive growth, governance, and rewards across its ecosystem:

1. Ecosystem & Community: 54.70 % (547,036,090 MYX)

2. Team & Advisors: 20.00 % (200,000,000 MYX)

3. Institutional Investors: 17.50 % (175,000,000 MYX)

4. Binance Wallet IDO: 2.00 % (20,000,000 MYX)

5. Initial Liquidity: 4.00 % (40,000,000 MYX)

6. Reserve for Future Development: 1.80 % (17,963,910 MYX)

Vesting & Unlock Schedule

1. Team & Advisors (20 %): 12-month cliff, then vested monthly over 24 months.

2. Institutional Investors (17.5 %): 6-month cliff, then vested monthly over 18 months.

3. IDO (2 %) & Initial Liquidity (4 %): Fully unlocked at Token Generation Event.

4. Ecosystem & Community (54.7 %) & Reserve (1.8 %): Distributed via staking/participation campaigns and governed by on-chain proposals.

How to Claim MYX Finance Airdrop

MYX Finance has launched a dedicated airdrop campaign to reward early supporters and bootstrap liquidity by distributing 6 000 000 MYX tokens to qualifying participants. The initial release provides 100% of each user’s allocation upfront, with no vesting on the portion allocated to BMYX holders.

Eligibility Criteria for $MYX Airdrop

1. BMYX Holders: Addresses holding BMYX tokens at the snapshot automatically qualify; their entire airdrop allocation is claimable immediately.

2. Activity Participants: Users who completed specified tasks (e.g. trading, referrals) as outlined on the airdrop page may also be eligible for additional MYX rewards. Eligibility is verified on-chain based on your connected wallet address.

Key Dates & Release Schedule

1. Airdrop Live: Official claim page launched on May 6, 2025.

2. Claim Window: All tokens must be claimed within 90 days of each release phase, or unclaimed allocations revert to the treasury.

3. Phased Distribution: 30% of the total airdrop was released at TGE; the remaining 70% vests linearly over the following 5 months. Each tranche must be claimed within its respective 90-day window.

How to Claim Your MYX Tokens After the Airdrop

1. Visit the Official $MYX Airdrop Page: Go to the MYX Finance airdrop claim portal.

2. Connect Your Wallet: Use a compatible Web3 wallet (e.g., MetaMask, Binance Web3 Wallet) and switch to the BNB Chain mainnet.

3. Prepare Gas Funds: Ensure your wallet holds a small amount of BNB to cover transaction fees.

4. Verify Eligibility: The page will automatically detect your address and display the claimable MYX amount.

5. Click “Claim:” Confirm the on-chain transaction and pay the minimal gas fee.

6. Receive Tokens: Upon confirmation, your MYX tokens are transferred directly into your wallet.

Tip: Always access the airdrop via the official MYX Finance domain and avoid third-party links to protect against phishing.

How to Stake MYX Tokens or Earn Rewards on MYX Finance

Here’s how you can lock up your $MYX to earn protocol revenues and governance rights, and also participate as a liquidity provider to earn trading-fee rebates, on MYX Finance:

1. Go to the MYX App: Visit the MYX Finance app and connect your Web3 wallet (e.g. MetaMask).

2. Switch to the Correct Network: Ensure your wallet is on the BNB Chain (or whichever chain you’re using).

3. Navigate to “Earn” → “Stake MYX”: In the sidebar, click Earn, then select the Stake MYX pool.

4. Approve & Stake: Enter the amount of MYX you wish to lock. Click Approve, confirm the on-chain approval transaction. Once approved, click Stake, confirm and pay the gas fee.

5. Earn & Claim Rewards: Staked MYX accrues a share of platform fees continuously. Return to this page anytime and hit Claim Rewards to pull your accumulated USDC/BNB rewards.

Provide Liquidity in the Matching Pool to Earn Fee Rebates

Beyond staking MYX, here's another way to earn rewards on MYX Finance:

1. Go to “Liquidity”: From the app sidebar, choose Pool (sometimes labeled Liquidity).

2. Select the USDC MPM Pool: Pick the USDC-margined Matching Pool (the central pool that backs perp trades).

3. Deposit USDC: Enter how much USDC you want to supply as an LP. Approve and confirm the deposit transaction.

4. Receive LP Tokens: You’ll get LP tokens representing your share of the pool. These LP tokens automatically earn a portion of every perp trade fee (maker & taker).

5. Stake Your LP Tokens (optional): If there’s a separate “Stake LP” farm, navigate there, approve and stake your LP tokens to unlock extra MYX or partner-token incentives.

6. Harvest Your Rewards: Visit the farm or liquidity page and click Harvest or Claim to collect your USDC/BNB and any bonus tokens.

Tips & Notes

1. Minimum Amounts: Some pools may have a minimum deposit; check the UI for details.

2. Gas Fees: You’ll need native-chain gas (e.g., BNB) for all transactions.

3. Unstaking & Withdrawal: You can unstake MYX or redeem your LP tokens at any time via the same Earn/Liquidity pages; just click Unstake or Withdraw.

4. Security: Always make sure you’re on app.myx.finance and that your wallet’s network matches the pool you’re interacting with.

By staking MYX you passively earn a share of all trading-fee revenue plus governance voting power, while LP’ing in the Matching Pool lets you capture ultra-low-slippage trading fees, and both can be claimed on-chain any time.

What Are the Trading Fees on MYX Finance?

MYX Finance charges a 0.06% taker fee and a 0.04% maker fee on perpetual swap trades by default, with no slippage or price impact guaranteed by its oracle-based execution. Through its VIP program, tiered by 30-day trading volume, taker fees can fall as low as 0.018%, while makers can earn rebates down to -0.01% (i.e. negative fees) at the highest VIP level, further rewarding users who add balanced liquidity to the pool.

Which Blockchain Networks Support MYX Tokens?

MYX is issued as an ERC‑20 token across multiple EVM‑compatible chains, primarily deployed on Linea, Arbitrum, and BNB Chain (BSC), with additional support on opBNB and collateral integrations extending across over two dozen networks, enabling seamless cross‑chain perpetual trading and liquidity provision via popular wallets like MetaMask and Trust Wallet.

How to Store MYX Token Securely

Use a combination of secure custody options to balance convenience and safety: for the highest security, store your MYX in a hardware wallet (e.g., Ledger or Trezor) via MetaMask or WalletConnect, keeping your private keys offline; as a user-friendly alternative, you can hold MYX directly on BingX by enabling spot-wallet storage with 2FA and withdrawal whitelist enabled; and for added protection, consider a multi-sig wallet or encrypted cold-storage backup of your seed phrase.

Is MYX Finance Audited and Safe to Use?

MYX Finance’s smart contracts have been rigorously audited by top-tier security firms PeckShield and SlowMist (both Phase 1 and Phase 2 reports are publicly available on the MYX GitBook) and the protocol runs an ongoing bug-bounty program alongside on-chain safety checks and circuit breakers to defend against oracle failures and extreme market conditions.

MYX Network (MYX) Price Converter

MYX to USD

1 MYX = $ 0

MYX to VND

1 MYX = ₫ 17.19

MYX to EUR

1 MYX = € 0

MYX to TWD

1 MYX = NT$ 0.02

MYX to IDR

1 MYX = Rp 10.94

MYX to PLN

1 MYX = zł 0

MYX to UZS

1 MYX = so'm 8.61

MYX to JPY

1 MYX = ￥ 0.09

MYX to RUB

1 MYX = ₽ 0.05

MYX to TRY

1 MYX = ₺ 0.02

MYX to THB

1 MYX = ฿ 0.02

MYX to UAH

1 MYX = ₴ 0.02

MYX to SAR

1 MYX = ر.س 0

MYX Network Price Converter

How to Buy MYX Network (MYX)

Create & Verify Your Account

Create a free BingX account using your email or phone number, set a strong password, and complete identity verification (KYC) by submitting your personal details and a valid photo ID.

Fund Your Account

Choose a payment method—bank account, card, or more—to deposit funds into your BingX account.

Trade Now

Now that your account is funded, you can seamlessly trade MYX Network MYX and other cryptocurrencies while exploring BingX’s diverse trading features!

How to Buy MYX Guide

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Disclaimer:

Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.

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Trading cryptocurrencies and other financial instruments involves risks, including the potential for loss of funds. You should never trade more than you can afford to lose. Please be aware of the risks involved and seek independent financial advice if necessary.

For more detailed information, please refer to our Risk Disclosure Statement.

Disclaimer:

By accessing and using this platform, you agree to comply with our Terms of Use.

For more detailed information, please refer to our Risk Disclosure Statement.