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A sharp decline followed by a surge—what exactly is the MYX project?

If you ask which are the hottest topics in the crypto world these days, besides Bitcoin's recent rebound, it has to be MYX. It first dropped from $5 all the way down to $0.8, then today experienced a rebound, doubling in value in just half a day. Looking back to 2025, it was considered a star coin, shining brightly for a time. Today, let's take a deep dive into this token.

MYX Finance is an innovative decentralized derivatives trading platform that reimagines how perpetual contracts are traded in the DeFi space. MYX is the platform's token. As a bridge connecting blockchain efficiency with financial transparency, MYX not only revolutionizes perpetual contract trading but also uses chain abstraction technology to break down cross-chain asset barriers, providing seamless, low-cost derivatives services for users worldwide.

Technical Core: Matching Pool Mechanism and Zero Slippage Revolution
The core innovation of MYX lies in its proprietary Matching Pool Mechanism (MPM), which uses smart algorithms to match long and short orders in real-time, completely eliminating slippage issues common on traditional exchanges. In terms of capital efficiency, MPM increases liquidity providers' capital utilization to 125 times, significantly reducing traders' network latency and costs.

Zero Slippage Trading: Users can execute trades at preset prices whether in long or short positions, avoiding additional losses caused by market volatility.
Chain Abstraction Unified Accounts: Supports seamless cross-chain asset trading (such as BNB, USDC, MEME tokens), allowing users to trade without switching wallets or paying Gas fees, achieving "one-time authorization, cross-chain access."

Low Fee Ecosystem: Trading fees as low as 0.018%, combined with 50x leverage support, greatly lowers the entry barrier for derivatives trading.

Token Economics: Deflationary Incentives and Governance Loop

The MYX token serves as the "lifeblood" of the platform ecosystem, creating a sustainable cycle through deflationary mechanisms and staking rewards:

Deflation Design: Each transfer deducts 5% of tokens (2.5% burned + 2.5% rewarded to stakers), supporting token value.
Staking Rewards: Holders can stake tokens to participate in governance voting, while also earning buyback rewards and a share of trading fees, with annualized returns once exceeding 200%.
Distribution Mechanism: The total supply of tokens is fixed at 1 billion, with 45% allocated for community incentives, 20% to the development team, ensuring long-term ecosystem vitality.

2025 Market Review: The Dual Nature of Boom and Bust
In 2025, the MYX token experienced "parabolic" fluctuations:
Bullish Phase: Price surged over 1000% within 30 days, daily trading volume exceeded $6.3 billion, and user numbers skyrocketed to 170,000.
Risk of Crash: Token unlock events triggered concentrated sell-offs, with single-day declines reaching 58%, exposing liquidity vulnerabilities.
Manipulation Allegations: On-chain data indicated that some institutions engaged in wash trading to create false activity, attracting retail investors to buy in.