MYX FinancePrice(MYX)
Details MYX Finance (MYX) Price information (USD)
The current real-time price of MYX is $0.2154. In the past 24 hours, MYX has traded between $0.2076 and $0.2376, showing strong market activity. The all-time high of MYX is $19.03, and the all-time low is $0.0470.
From a short-term perspective, the price change of MYX over the past 1 hour is
MYX Finance (MYX) Market Information
MYX Finance (MYX) Today's Price
The live price of MYX today is $0.2154, with a current market cap of $41.091M. The 24-hour trading volume is 6M. The price of MYX to USD is updated in real time.
MYX Finance (MYX) Price History (USD)
What is MYX FINANCE (MYX)?
When is the right time to buy MYX? Should I buy or sell MYX now?
Before deciding whether to buy or sell MYX, you should first consider your own trading strategy. Long-term traders and short-term traders follow different trading approaches. LBank’s MYX technical analysis can provide you with trading references.
Future price trend of MYX
What will the value be? You can use our price prediction tool to conduct short-term and long-term price forecasts for MYX.
How much will MYX be worth tomorrow, next week, or next month in ? What about your MYX assets in 2025, 2026, 2027, 2028, or even 10 or 20 years from now? Check now! MYX Price Prediction
How to buy MYX FINANCE (MYX)
Convert MYX to local currency
MYX Resources
To learn more about MYX, consider exploring other resources such as the whitepaper, official website, and other published information:
Top 5 addresses | Holding amount | Holding ratio | |
|---|---|---|---|
binance-smart-chain | 0x6c02...051438  | 200.000M | 20% |
binance-smart-chain | 0x3a8b...7b4637 | 175.000M | 17.5% |
binance-smart-chain | 0xb4f8...3f233f | 163.272M | 16.33% |
binance-smart-chain | 0x085d...ef4af6 | 116.640M | 11.66% |
binance-smart-chain | 0xf774...d13ba1 | 79.432M | 7.94% |
Other | 265.655M | 26.57% |
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MYX FINANCE (MYX) FAQ
What is MYX Finance?
MYX Finance is a decentralized, non-custodial perpetual exchange (DEX) enabling on-chain trading of perpetual contracts for various tokens. It aims to offer a trading experience similar to centralized exchanges but with the transparency, security, and user control inherent in DeFi. A key feature is its zero-slippage trading mechanism.
How does MYX Finance work?
MYX Finance operates using a proprietary Matching Pool Mechanism (MPM) that pools liquidity and algorithmically matches long and short positions for zero-slippage trades. It also employs a P2Pool2P model for capital efficiency, a dual oracle price feed (Chainlink and its own), and an intelligent funding rate mechanism. The platform supports cross-chain abstraction and can facilitate gasless transactions.
What is the MYX token, and what are its utilities?
The MYX token is the native utility and governance token of the MYX Finance ecosystem. Its utilities include enabling holders to vote on protocol upgrades and risk parameters, earning staking rewards from trading fees and funding revenue, unlocking reduced trading fees, and serving as collateral across multiple blockchains.
What are the tokenomics of MYX?
MYX has a fixed supply of 1 billion tokens. Its distribution includes allocations for ecosystem growth, team development, and early institutional backers, with over 197 million MYX currently in circulation. Deflationary mechanisms, such as buybacks funded by protocol earnings, are also integrated into its economic model to manage token supply.
Can I stake MYX, and is it safe?
Yes, you can stake MYX by depositing it into the Stability Pool. Staking offers a variable Annual Percentage Yield (APY) influenced by liquidation events and token emissions. While MYX Finance has undergone audits by security firms, all DeFi protocols carry inherent risks, including smart contract bugs and economic exploits. Users should always conduct their own research before staking.
What are the main risks associated with MYX Finance?
Beyond general DeFi risks like smart contract bugs and economic exploits, specific considerations for MYX Finance include the variability of staking APY, potential market speculation leading to high volatility, and the sustainability of its incentive structure if platform growth does not adequately keep pace with token emissions.
