MYX (MYX Finance) rose 181.24% in the last 24 hours.

Gate News Bot news, on September 8, according to CoinMarketCap, as of the time of writing, MYX (MYX Finance) is currently priced at $3.65, having risen 181.24% in the last 24 hours, with a high of $3.67 and a low of $0.96. The 24-hour volume reached $335 million. The current market capitalization is approximately $719 million, an increase of $464 million compared to yesterday.

MYX is a decentralized derivatives trading platform that supports perpetual contract trading, cross-chain asset swaps, copy trading, and other decentralized financial services. MYX currently runs smart contracts on multiple blockchains such as ARB, LINEA, and OPBNB. Users can independently manage their assets through non-custodial wallets and execute related on-chain transactions via smart contracts.

Important news about MYX recently:

1️⃣ Alpha version launch drives price surge Since the launch of the Alpha version, MYX has shown a continuous pump in price. In just a few days, the price of MYX has risen by over 250%, significantly climbing from the initial price to 4.5678 USDT. This remarkable rise reflects the market's positive response to the MYX project's Alpha version, potentially attracting the attention of a large number of investors and traders.

2️⃣ Continuously breaking price barriers The price of MYX has recently experienced multiple breakthroughs, rising from 1.9618 USDT to 2.48761 USDT, then breaking through 3.25072 USDT, and finally reaching 4.5678 USDT. This continuous price breakthrough demonstrates strong buying momentum and market confidence, which may have triggered more investors to follow suit and buy in.

3️⃣ volume surge Accompanied by the rapid rise in price, the 24-hour volume of MYX has significantly increased, reaching $335 million. Compared to the previously reported $28.2 million, the volume has risen nearly 12 times. This substantial increase in trading activity reflects a significant rise in market participation, which may further drive the price up.

From a technical perspective, the price of MYX has broken through several key resistance levels in the short term, showing strong rising momentum. However, such a rapid and significant rise may also increase the risk of a pullback. Investors should closely monitor price trends and volume changes to assess the sustainability of the current rise. At the same time, it is important to be wary of potential price pullbacks or extreme volatility.

This message does not constitute investment advice; investors should be aware of market volatility risks.