$MYX PRICE IS SURGE 125%+ BUT DID YOU KNOW WHAT THE PROJECT IS? LET ME EXPLAIN YOU โฌ๏ธ
๐ MYX Finance ($MYX) โ The Rising Perpetual DEX
MYX Finance is a decentralized derivatives exchange offering zero-slippage trading with up to 50ร leverage and cross-chain asset support.
๐น Tokenomics
โข Fixed supply: 1B $MYX
โข 30% of trading fees shared with stakers
โข Utilities: governance, fee-sharing, trading discounts
๐น Market Performance
โข In August, $MYX surged +1,957% โ hitting ATH above $2.0 ๐
โข Market cap jumped from $15M โ $200M+
โข But later dropped -58% after 39M token unlock + $2.15M sell-off from Hack VC
๐น DeFi Momentum
โข Monthly perpetual volume > $9B
โข Ranked among Top 7 DeFi derivatives DEXs
โข Binance even adjusted MYX funding rate due to high volatility
๐ Takeaway:
MYX Finance brings innovation with zero-slippage multi-chain trading and strong derivatives growth. But beware of volatility & token unlock schedules that may drive extreme price swings.
โ ๏ธ Disclaimer: Not Financial Advice (NFA). Do Your Own Research (DYOR).
