Alpha for All: Derivatives Protocol MYX Finance Ignites the Chain Abstraction Narrative

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Bitget2025/05/06 10:57

By:Bitget

Decentralized trading platform MYX Finance today announced the Token Generation Event (TGE) for its native token, $MYX, introducing decentralized ownership and governance to what it calls the industry's first chain-abstracted perpetual DEX.

The launch marks a new phase for MYX Finance, which has been operating since early 2024 and has processed over 200,000 unique trading addresses across Linea and BNB Chain. As the first chain-abstracted perpetual DEX, MYX Finance revolutionizes trading through its Universal Account (UA) and Matching Pool Mechanism (MPM), offering:

One universal account spanning multiple blockchains
Zero‑gas, signature‑free trade execution
Deep, oracle‑protected liquidity with zero slippage and ultra-low fee.

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Backed by $10.5 million from investors including HashKey Capital, HongShan, Consensys, Hack VC, FL Foundation, and Metalpha, the protocol has reached $42 million in total value locked (TVL) during the pre-IDO phase. With the $MYX token now live through IDO, the team says it is opening the door for broader participation and multi-chain token listings.

Alpha for Everyone, Not Just Institutions

As retail investors increasingly seek earlier access to high-conviction trades, MYX Finance is emerging with a mission to level the playing field. The decentralized perpetual exchange eliminates traditional gatekeeping by allowing users to long, short, or leverage newly launched tokens—within minutes of their creation—without needing wallets, gas, or signatures.

The goal is to “democratize alpha for all,” bringing institutional-grade infrastructure to retail users through a fully permissionless, cross-chain architecture. With near-zero slippage, ultra-low fees, and CEX-like execution, MYX Finance is redefining accessibility in the on-chain trading stack.

“Our vision is to remove all the friction that keeps everyday traders from competing on equal footing,” said Ryan Zhang, CPO of MYX Finance. “If a token exists, you should be able to trade it—instantly, from anywhere, without jumping through hoops.”

Inside MYX Finance’s Cross-Chain Engine

MYX Finance operates on a custom-built modular architecture aimed at delivering speed, capital efficiency, and seamless cross-chain trading. Departing from traditional DeFi stacks, the platform integrates purpose-built components—from a universal account system to a real-time matching pool mechanism engine—designed to function natively across multiple networks. The result: faster execution, deeper liquidity, and a seamless trading experience for users.

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MYX Finance by the Numbers

With $42 million in TVL and 200,000 unique trading addresses, MYX Finance’s growth is a testament to its cutting-edge technology and the growing demand for decentralized trading solutions. The numbers reflect both trust and innovation in the space.

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$MYX Goes Live

MYX Finance’s vision for a chain-abstracted liquidity layer centers on its native token, $MYX, which powers:

Governance (decentralized decision-making)
Ecosystem rewards (staking, incentives)
Scaling the platform in a trustless manner

Industry watchers have drawn early comparisons to Hyperliquid, citing MYX’s chain abstraction, permissionless market creation, and gasless execution as potential differentiators. As decentralized perps platforms continue to evolve, MYX Finance is positioning itself as a serious contender in the race to redefine how open markets operate.

MYX Finance's Strategic Roadmap

MYX Finance is leading the way with the world’s first permissionless perpetual market factory. Initially launching on Solana, the platform will soon enable permissionless listing for any token, including meme and microcap assets. Liquidity providers (LPs) will earn 80% of fees and profits, while traders benefit from gasless, signature-free transactions via Smart Key—no wallets, no hassle.

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Alpha Is No Longer a Privilege

The TGE is more than a milestone—it’s the moment a dream breathes life. Permissionless alpha is no longer a whisper of the future; it’s here, pulsing onchain, opening the gates to a world where anyone, anywhere, can trade freely in the light.

About MYX Finance

MYX Finance is the largest Perp DEX on both the BNB Chain and Linea—built to democratize alpha for all. Powered by chain abstraction, the Matching Pool Mechanism (MPM), and permissionless listing, MYX delivers CEX-grade execution with zero slippage, ultra-low fees, high leverage, and a fully gasless, wallet-free trading experience. By removing the barriers to on-chain trading, MYX is unlocking a new era of open, efficient, and accessible markets for everyone.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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