MYX Finance ranks #50 globally with a $1.43B market cap and current price of $5.46, establishing itself as a leading non-custodial perpetual contracts exchange within the DeFi ecosystem. The platform maintains a healthy token distribution with 251.47M circulating tokens and demonstrates strong market liquidity through $19.82M in 24-hour trading volume. Available across multiple major exchanges including Gate, CoinEx, and Kraken, MYX Finance provides broad accessibility for retail and institutional traders seeking efficient on-chain derivatives trading. The protocol's innovative matching pool mechanism and competitive fee structure enable seamless perpetual contract trading with minimal slippage. With backing from prominent investors like Sequoia China and Consensys, MYX Finance continues expanding its market presence while maintaining relative stability in the competitive derivatives trading landscape.
MYX Finance ranks #50 with market cap of $1.43B and current price of $5.46
MYX Finance occupies a prominent position in the cryptocurrency market landscape, demonstrating substantial growth and investor confidence. With its current ranking at #50 globally, MYX represents one of the more established digital assets by market capitalization. The token's valuation reflects strong market demand for its underlying protocol—a non-custodial derivatives exchange designed to streamline perpetual contract trading for virtually any token with existing AMM market liquidity.
The $1.43B market cap figure underscores MYX Finance's significance within the broader DeFi ecosystem. This valuation places the token among the leading projects that have successfully navigated the volatile cryptocurrency environment. At the current price of $5.46 per token, MYX Finance remains accessible to retail investors while maintaining institutional interest. The market cap ranking of #50 reflects recognition of both the protocol's utility and its strong community support. For traders and investors evaluating opportunities in decentralized derivatives platforms, MYX's market position indicates maturity and relative stability compared to emerging competitors in the space.
Circulating supply of 251.47M MYX tokens shows healthy token distribution
MYX Finance maintains a circulating supply of 251.47 million tokens, representing approximately 25.15% of the total supply. This measured circulation ratio demonstrates a well-structured token economy that supports long-term ecosystem growth. With a total supply capped at one billion tokens, the project has implemented a gradual release mechanism that prevents market saturation while maintaining adequate liquidity for trading and operational needs.
The token distribution reflects a healthy balance between immediate market availability and future reserve allocation. The 251.47 million circulating tokens generate substantial trading volume, with the market valuation at $1.43 billion USD reflecting investor confidence in the platform's non-custodial derivatives exchange model. This supply structure enables both traders and liquidity providers to access MYX Finance through gate and other major exchanges, while the remaining supply provides flexibility for incentivizing network participation and development initiatives. The relationship between circulating and total supply demonstrates prudent tokenomics design, supporting the project's positioning in the derivatives trading ecosystem.
24-hour trading volume of $19.82M with 2.81% price increase indicates moderate liquidity
The 24-hour trading metrics for MYX Finance reflect healthy market engagement and liquidity conditions. With substantial trading volume flowing through the platform daily, traders enjoy sufficient depth for executing positions in perpetual contracts across multiple token pairs. This consistent activity demonstrates confidence in MYX's non-custodial derivatives infrastructure and its ability to facilitate seamless on-chain trading.
The positive price movement during this 24-hour window signals active buyer participation and growing market interest. For a derivatives exchange like MYX, robust trading volume is essential, as it enables traders to enter and exit perpetual contract positions with minimal slippage. The protocol's design—lowering capital costs for liquidity provision and removing network barriers—directly contributes to this trading activity.
Modeerate liquidity conditions like these indicate a healthy ecosystem where both retail and institutional traders can comfortably manage their positions. As MYX continues expanding its offerings across various AMM markets, maintaining strong daily volume becomes increasingly important for the platform's growth and user satisfaction in the competitive derivatives trading landscape.
Multi-exchange coverage including gate, CoinEx, and Kraken ensures broad market accessibility
MYX Finance's availability across multiple major cryptocurrency exchanges significantly enhances its market accessibility and trading liquidity. The protocol made a notable expansion when it became available for trading on Kraken in October 2025, joining other major platforms including gate and CoinEx to create a diverse trading ecosystem. This multi-exchange coverage ensures that MYX traders can access the non-custodial derivatives platform from their preferred exchange, removing potential barriers to entry and streamlining the trading experience.
The broad exchange presence across 21 total platforms worldwide reflects MYX Finance's commitment to democratizing access to advanced derivatives trading. By operating on leading exchanges like Kraken, gate, and CoinEx simultaneously, MYX creates multiple liquidity pools that enhance price stability and reduce slippage for traders executing trades at any given time. This distributed market approach allows both institutional and retail participants to engage with MYX's perpetual contracts infrastructure seamlessly, contributing to the protocol's ranking and market prominence within the DeFi derivatives sector.
FAQ
What is MYX Finance? What are its main functions and uses?
MYX Finance is a decentralized perpetual contracts exchange offering high capital efficiency and low slippage through proprietary matching pool mechanism. It enables non-custodial on-chain derivatives trading without central authority control.
How to buy and trade MYX Finance tokens? On which exchanges can you trade?
You can buy and trade MYX Finance tokens on decentralized and centralized exchanges. MYX/USDT is the most active trading pair, offering liquidity and easy access for traders worldwide.
MYX Finance has shown strong bullish momentum, surging over 22% and breaking through $7, reaching new highs. Price currently trades between $7.30-$7.80. Short-term structure is tilted bullish with $6.45 acting as support. Market cap stands at $1.43B with positive development trajectory.
What are the risks of investing in MYX Finance and what should I pay attention to?
MYX Finance carries market volatility risk, liquidity risk, and smart contract risk. Monitor regulatory changes, diversify your portfolio, and only invest what you can afford to lose. Stay updated on project developments and community sentiment.
What are the advantages and characteristics of MYX Finance compared to other DeFi projects?
MYX Finance offers competitive trading fees, innovative matching pool mechanisms, and attractive liquidity provider rewards, enabling users to earn returns while participating in decentralized trading.
MYX Finance's team background and project progress?
MYX Finance's team comprises experienced professionals from CEX, traditional finance, and DeFi sectors. The project has secured backing from prominent investors including Sequoia China, Consensys, Hack VC, and OKX Ventures. Development remains active with continuous progress.
* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.
