MYX Finance (MYX)

MYX Finance is a cross-chain perpetual DEX with over $40M in TVL and $59B traded that focuses on enhancing user perpetual trading experience and accuracy of order execution. It offers trading of over 13 various tokens in pairs with $USDT on up to 125x leverage across Arbitrum, opBNB, BSC, and Linea networks. 

Using its unique Matching Pool Mechanism (MPM) technology, the platform aims to achieve zero slippage for any perpetual position on its DEX. On each new order, it sets an opposite order of the same size to hedge the exposure of the underlying position and reduce the risks related to the price volatility. 

At the same time, implementing Particle Network’s Universal accounts, MYX Finance offers borderless cross-chain trading with no need to sign the transactions and enables account creation via email, Google account, phone, Facebook, or even Apple. 

Finally, MYX Finance offers advanced mechanics of risk management set to minimize the risks of asset losses and exchange default. The most notable one includes:

• Automated Deleveraging: In cases of liquidity pools’ overload, the platform forces the closure of the most profitable positions from both sides - long and short;
• Dynamic Position Limit: Another risk-management mechanism of the platform, designed to prevent liquidity constraints during price volatility.

Find more info on MYX Finance risk-management technology in the MYX docs. 

🪙 MYX token: According to the docs, MYX is powered by the native $MYX token, the main utility of which will be powering MYX DAO. MYX DAO is responsible for granting users voting power in decision-making processes and selecting Keepers - node runners of the platform. Additionally, the platform requires node runners to lock their $MYX holdings in order to be able to validate transactions.

On May 5th, 2025, MYX Finance announced IDO sale via Binance Wallet, with no info on raise, tokens allocated, and requirements disclosed. 

Considering this info, we completed a full MYX Finance review and found some of its most notable pros and cons:

✅ MYX Finance pros:

• One of the biggest perpetual DEXs on the Linea blockchain;
• Security audits from the top tier company - SlowMist;
• Above the average SMM, PR, and Growth Marketing scores;
• Diverse network of partners, including Binance Wallet, CoinTelegraph, and others;
• Strong network of backers.

❌ MYX Finance cons:

• The perpetual DEXs meta ended a few months ago;
• No info on FDV and IMC;
• Below the average SEO, Marketing Infrastructure, and Influencer Marketing;
• Limited info on the project’s team.