MYX (MYX Finance) rose 66.84% in the last 24 hours.

Gate News Bot news, August 4, according to CoinMarketCap, as of the time of this report, MYX (MYX Finance) is currently priced at $0.19, with a 66.84% rise in the last 24 hours, reaching a high of $0.20 and a low of $0.10. The current market capitalization is approximately $257,000, an increase of $103,000 compared to yesterday.

MYX Finance is a decentralized derivatives trading platform that supports various decentralized financial services such as perpetual contract trading, cross-chain asset swaps, and copy trading. The platform provides services on multiple blockchains including ARB, LINEA, and OPBNB through smart contracts. MYX does not offer asset custody services, and all user assets are managed by users themselves in non-custodial wallets. Users execute relevant on-chain transactions through smart contract interactions, without the direct participation of MYX.

Important news about MYX recently:

1️⃣ Multi-chain deployment strategy advancement MYX Finance has recently expanded its service offerings across multiple blockchains such as ARB, LINEA, and OPBNB. This multi-chain deployment strategy helps to increase the user base, improve liquidity, and provide more convenient access channels for users on different chains.

2️⃣ Demand for decentralized derivatives trading rise As a platform focused on decentralized derivatives trading, MYX Finance is benefiting from the rise in market demand for such services. Features like perpetual contract trading and cross-chain asset swaps are attracting more users to participate, boosting the platform's activity.

3️⃣ Non-custodial wallet mode recognized MYX Finance adopts a non-custodial wallet model, allowing users to manage their assets independently and interact through smart contracts. This model enhances users' control over their assets while reducing the platform's centralization risk, receiving positive feedback from users.

From a technical perspective, the price of MYX breaking through the $0.20 mark shows strong pump momentum, but it may face pullback pressure in the short term. On the fundamental side, with the popularity of decentralized financial services, MYX Finance's market positioning and functional characteristics are expected to continue attracting the attention of users and investors.

This message is not intended as investment advice; investors should be aware of market volatility risks.