The on-chain world is rapidly iterating, and is filled with the voices of "innovation" and "iteration" day after day. However, only a handful of them really touch the pain points of users. Most people are still bound by complex operations and high barriers, and miss the opportunity to participate in Alpha. In this competition for information and opportunities, as a new leading derivatives project in 2024, MYX Finance has made "Alpha that everyone can participate in" no longer a fantasy and slogan, but a revolutionary reality that is accelerating in the global on-chain market.

The core driving all this comes from the team's rebellious romantic pursuit of "breaking institutional monopoly" - allowing everyone to participate equally in Alpha transactions. In MYX Finance, anyone has the opportunity to cross traditional barriers and participate in the next round of hot asset transactions. In order to achieve this vision, MYX Finance introduced the original MPM (Matching Pool Mechanism) mechanism, unified accounts, senseless keys, and permissionless listings, which successfully solved the problems of blockchain fragmentation and lack of interoperability, and became the first chain abstract derivatives trading protocol.

With $10.5 million in investment support from industry giants such as HashKey Capital, Sequoia China, and Consensys, MYX Finance has experienced explosive growth on Linea and BNB Chain, quickly becoming the fastest-growing derivatives protocol in 2024 and is seen as the biggest competitor to Hyperliquid in 2025. With MYX Finance’s strong landing on Binance Wallet for IDO, the “chain abstraction per DEX” narrative may trigger our new imagination of future growth.

Breaking the institutional monopoly, Alpha is no longer a game for a few people

Every crypto investor is eager to seize the opportunity of "hundred-fold coins" or "thousand-fold coins" in the early stages of a project. However, the complex trading environment and high threshold of centralized exchanges and traditional DEXs often discourage ordinary users. The emergence of MYX Finance is to change all this - as the first chain-abstract derivatives trading protocol, MYX Finance allows users to easily trade long and short new tokens without a wallet, gas, or signature, and the transaction speed is extremely fast, with zero slippage and extremely low fees.

“Our goal is to allow everyone to participate equally in the Alpha game and break the barriers that it is only for institutions or a few people,” said Ryan, co-founder and CPO of MYX Finance. “Over the past year, we have continued to communicate with the community, listen to the voices of users, and respond quickly to market changes to innovate products and solve the pain points encountered by traders in the real market.” He said, “As long as a token exists, users should be able to trade it anytime, anywhere without facing cumbersome operations or complex barriers.”

Everything can be traded: Building a chain abstraction liquidity layer

In order to realize this vision, MYX Finance did not follow the traditional DeFi stack, but introduced a chain abstract unified account with its self-developed MPM (Matching Pool Mechanism) mechanism, successfully solving the problems of blockchain fragmentation and lack of interoperability. Through this innovation, MYX Finance users only need one account to easily conduct cross-chain, multi-asset derivatives transactions without switching wallets, cross-chain bridging, or consuming gas fees. On MYX Finance, users can enjoy a smooth and intuitive trading experience like CEX, while retaining the asset self-custody, transparency, and security advantages unique to on-chain exchanges.

Project data performance

At present, since the launch of the mainnet in February last year, MYX Finance has achieved amazing growth. Whether it is trading volume, TVL, or community size, it has achieved remarkable results, fully demonstrating the market's high recognition and confidence in the project.

$MYX Launches on Binance Wallet IDO

$MYX token is the core of MYX Finance's chain abstraction liquidity layer, which will bring Alpha investment opportunities to all users. It will be deeply integrated into the platform's governance, staking and incentive mechanisms, promote the project to expand to more on-chain ecosystems, and have strong value capture capabilities.

Recently, the comparison between MYX Finance and Hyperliquid has become more and more common in the industry. Many investors and retail investors believe that the combination of MYX Finance's chain abstraction unified account, permissionless listing, and touchless transactions and other innovative mechanisms may open up a new situation in the field of decentralized perpetual trading platforms.

On May 6, with the official IDO of MYX Finance's platform token $MYX on Binance Wallet, $MYX will officially enter the crypto market. Recently, projects that have conducted IDOs on Binance Wallet have generally performed strongly, such as $SHELL and $PARTI, with on-chain new issuance yields exceeding 600%. Judging from the recent strong performance of MYX Finance, it is very likely to continue or even surpass previous projects.

Roadmap to 2025

In 2025, MYX Finance will further expand the on-chain ecosystem and launch the world's first permissionless "Chain Abstract Perp DEX". It is reported that this function will be launched on Solana first. At that time, MYX Finance will support the permissionless launch of any new assets, including early MEME projects and small-cap long-tail tokens.

Whether it is a Meme coin or an early small-cap project, as long as they are recognized by the community, they can obtain high-quality liquidity markets on MYX Finance. Liquidity providers (LPs) will share 80% of the platform's transaction fees and revenues, while traders can experience a smooth trading experience without the need for gas, signatures, or switching to public chains.

With the launch of this function, the author believes that the platform and token potential of MYX Finance will be upgraded again and trigger positive platform news in the market. Readers who are interested in the project can continue to pay attention to the news.

Alpha is no longer a privilege

TGE is an important milestone and turning point for every project, and MYX Finance is no exception. With $MYX entering the market, the phrase "Alpha for everyone to participate" is no longer just a technical vision or idealistic slogan, but a wave of decentralized reality that is accelerating in the global on-chain market - it is not only a milestone landing, but also a romantic revolution about openness, equality and efficiency.