MYX Finance Project Background and Technological Innovation
On May 6, 2025, Binance Web3 Wallet launched its 15th exclusive Token Generation Event (TGE), introducing the derivatives protocol MYX Finance (MYX). The project is positioned as a “Chain Abstraction Perpetual Contract Protocol,” utilizing the MPM mechanism to enable gasless transactions across chains and assets, significantly lowering the barrier to entry for users. Its core features include:
- Unified Account System: Supports asset aggregation across multiple blockchains such as BNB Chain and Linea, allowing users to trade without switching wallets or paying gas fees.
- Cryptographic Abstraction Technology: Users only need to authorize once to perform gasless transactions via terminals like Telegram or the app, enhancing convenience.
- Security Model: Adopts invisible key, unique order nonce, and transaction expiration mechanisms to ensure asset isolation and transaction security.
MYX Finance has received investments from institutions like HashKey Capital and D11 Labs, with a total funding amount exceeding $10.5 million. As a leading derivatives protocol in the BNB Chain and Linea ecosystems, its TVL and trading volume have grown rapidly since its mainnet launch in 2024, making it a strong competitor in the DEX sector.
TGE Event Details and Participation
Subscription Rules
Time Window: May 6, 2025, 16:00 to 18:00 (UTC+8).
Eligibility Requirements: Specific subscription thresholds and rules will be announced before the event. Please follow relevant updates for the latest information.
Reward Allocation: This TGE releases 125 million MYX tokens (2.5% of the total supply), with an additional 40 million reserved for future market promotion campaigns.
Tokenomics Overview
MYX has a fixed total supply of 5 billion tokens, with an initial circulating supply of 1.4 billion (28%), 40% of which is allocated to long-term ecosystem incentives. Token utilities include governance voting, transaction fee sharing, staking rewards, and cross-chain liquidity incentives. The team and investors hold 36.15% of tokens, locked until Q1 2026, with potential unlock pressure worth noting.
Market Expectations and Potential Impact
In the short term, MYX Finance faces challenges of uncertain technology deployment and market sentiment volatility. Its chain abstraction trading mechanism has not yet been tested at scale, and the post-halving Bitcoin market downturn may affect its early performance. Additionally, token unlocks and competition from similar protocols (such as dYdX and Hyperliquid) must be considered.
Long-term potential depends on ecosystem expansion and regulatory progress. MYX Finance plans to launch a permissionless Perp DEX in the Solana ecosystem in Q3 2025 and explore enterprise-grade services, requiring adaptation to privacy regulations such as GDPR. Historical data shows similar projects like SHELL and PARTI achieved an average gain of over 600% after launch. Binance’s liquidity support may further amplify market effects.
Investment Strategy Suggestions
For investors, it is recommended to monitor liquidity changes on the first day of MYX listing and the performance of the MYX/USDT pair on PancakeSwap, and set reasonable take-profit and stop-loss levels. In the long term, attention should be given to the actual adoption rate of chain abstraction technology (e.g., cross-chain trading ratio) and the progress of ecosystem partnerships. For deeper insights into the derivatives sector and market trends, refer to JuCoin’s DeFi Trend Report.
Neason Oliver
