What is MYX Crypto? An in-depth analysis of the new star in decentralization derivation and MYX coin price prediction.

Question

In early August 2025, MYX Finance (MYX) shook the crypto market with a weekly rise of 708%, with the price soaring from $0.21 on August 4 to $2.41 on August 8, and the market capitalization jumping from $28 million to $381 million, while the volume surpassed $2 billion. Behind this phenomenal performance is a decentralized exchange (DEX) focused on Perptual Futures trading, whose core goal is to integrate the efficiency of Centralized Exchanges with the transparency of Decentralized Finance.

What is MYX Finance? A technology-driven DeFi protocol

MYX Finance is a decentralized derivatives exchange that will launch in February 2024, operating on over 20 public chains such as BNB Chain, Arbitrum, and Linea. Its biggest innovation lies in the Matching Pool Mechanism (MPM):

Zero Slippage Trading: Real-time matching of long and short positions through smart contracts, achieving slippage-free execution regardless of the order size.
High capital efficiency: Liquidity pools (LP) act as passive counterparties, achieving capital efficiency of up to 125 times while earning funding rates.
Cross-chain support: Users can seamlessly trade multi-chain assets without paying cross-chain gas fees.
Low fees and high leverage: Supports USDC margin Perptual Futures with trading fees as low as 0.018% and leverage up to 50 times.

##MYX Price Performance: Roller Coaster Market Game

rise phase (early August)

Weekly surge of 708%: Price skyrocketed from $0.21 to $2.41, with a market capitalization exceeding $381 million.
Core driving factors:
- Binance Alpha launch exposure and V2 version upgrade preview (cross-chain functionality and matching pool reconstruction).
- $9.9 million short position liquidation triggered a short squeeze effect, with whales collaborating to accumulate and driving a three-day surge of 1800%.

plunge episode and current data (as of August 13)

Early institution Hack VC sold 445,000 MYX (average price $1.68), causing the price to halve by 60% within 24 hours.
Latest Market Data: According to Gate.io market data, MYX is currently priced at $1.79, with a market capitalization of $280 million and a 24-hour trading volume of $44 million.

##MYX Token Economics and Core Uses

Token Allocation:
- Total supply of 1 billion pieces, 54.7% for ecological and community incentives, 20% for the team and advisors, and 17.5% for institutional investors.
- The current circulating supply is approximately 158 million tokens, with a market capitalization ranking of 191 on CoinMarketCap.
Core Use:
- Governance Voting: Token holders can participate in protocol upgrade decisions.
- Node Staking: Requires at least 300,000 MYX, and you can earn trading fee sharing and buyback rewards.
- Trading discount: Holders enjoy reduced fees.

MYX Price Prediction: Short-term Fluctuations and Long-term Potential

Short-term (August - December 2025)

August range: lowest $0.80 - $1.00 (pullback support level), average $1.20 - $1.50, highest $2.50.
Year-end target: If the V2 upgrade is successful (zero slippage + cross-chain optimization), it may reach $2.00 - $2.50; neutral expectation $1.75.

Mid-term (2026)

Time Period | Average Price | Key Targets --- | --- | --- Q1 2026 | $1.70 - $1.80 | January high $1.95 Q2 2026 | $1.89 | Breakthrough $2.00 End of 2026 | $2.04 | Annual rise 39%

long-term (2030) and aggressive scenario

Benchmark forecast: $3.79 (annual compound growth rate of about 25%).
The possibility of $6.00: three major conditions must be met:
1. Capture the market share of derivatives DEX (benchmark against DYDX and GMX);

Achieve multi-chain deployment such as Solana;
Explosive growth in protocol revenue + bull market environment.

##Risk Warning and Investment Strategy

Token unlock selling pressure: The team and institutional holdings account for 37.5%, and future unlocks may impact the market.
Technical Overbought: RSI reached 97.45, MACD is running at a high level, and the risk of a pullback is significant.
Historical Controversies: The associated token BMYX was once questioned for "harvesting," and community trust needs to be restored.
Competitive Pressure: Competitors such as GMX and Hyperliquid are accelerating their market share acquisition.

Investor Strategy Recommendations:

Short-term: Pay attention to the $1.50 support level and $1.80 resistance level, combined with RSI band operations, and set stop-loss (e.g., $1.20)).
Long-term: Accumulate in batches during pullbacks, with a focus on monitoring TVL growth and V2 user data.

##Conclusion: A New Star of Innovation and Volatility MYX Finance has redefined the efficiency of derivatives trading with the MPM mechanism, and its surge validates the market's recognition of technological innovation. However, institutional arbitrage and the risk of concentrated positions have also exposed the vulnerabilities of emerging tokens. Whether it can break through the $3 - $5 range in the future depends on the effectiveness of V2 implementation and the depth of ecological expansion. For investors, MYX is both a window into DeFi innovation and a microcosm of high volatility in the crypto market—while chasing returns, strict position management and stop-loss remain survival principles.

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