What is $MYX Finance, and why did $MYX rise by 1100% in the past 7 days—Is $MYX the most worth buying Crypto Asset right now?

The hype cycle comes and goes, but $MYX (MYX Finance) has captured the spotlight with its amazing rebound and bold promise: rebuilding CEX-level derivatives trading on top of DeFi. In this article—written from the perspective of a Gate content creator—we will analyze in detail what $MYX is, why $MYX is rising, the state of real-time data, and how Gate users can approach $MYX in a disciplined manner.

##$MYX Price and Market Check: $MYX Today's Status

As of mid-September 2025, the trading price of $MYX is between $10 and $11, with a market capitalization close to $2 billion and a circulating supply of approximately 197.1 million $MYX, with a maximum supply limit of 1 billion. Earlier this week, $MYX reached a recent local peak of nearly $18.92, before pulling back.

The token's 7-day increase has been reported to exceed +1100%, making it one of the most watched assets in the market this month. While the percentage gain depends on the snapshot time, the conclusion is clear: $MYX has been on a parabolic rise.

##$MYX Headline Statement: Why $MYX Has Increased Significantly

The report points out that $MYX rose over 1100% in a week, reaching a peak of nearly $18.92, with a market capitalization of approximately $1.88 billion and a 24-hour trading volume exceeding $200 million. This explosive increase reflects the narrative momentum and the influx of traders into this trend.

##$MYX 101: What is $MYX Finance?

$MYX Finance is a decentralized perpetual contract exchange (Perp DEX), aimed at achieving zero slippage derivatives trading through its proprietary matching pool mechanism (MPM). Unlike traditional automated market makers (AMM), traders often suffer from high slippage; $MYX pools long and short liquidity more effectively, creating a trading experience similar to centralized exchanges while maintaining the transparency of decentralized finance.

The platform currently supports perpetual contracts with USDC margin, with leverage up to 50 times, directly competing with centralized participants while adopting a decentralized model.

##$MYX Mechanism: How $MYX Achieves Market Balance

The MPM engine pairs long and short positions within the "matching pool" and uses funding fees to incentivize balance. If longs dominate, shorts will receive rewards to restore balance, and vice versa. This model keeps the open contracts close to a 50:50 ratio, which helps reduce volatility spikes and stabilize the trading environment.

Funds are calculated on an hourly basis, which is more frequent than the industry standard, ensuring a tighter feedback loop between positions and incentives.

##$MYX Token & Supply: Matters for $MYX Holders to Pay Attention To

$MYX token supports the ecosystem, with utility and governance functions. Traders and holders should pay attention to:

• Circulating Supply: ~197.1 million $MYX
• Maximum supply: 1 billion $MYX
• Market Cap: ~$2 billion
• Recent price range: $10–$11

Considering the contrast between medium-range circulation fluctuations and large-scale fully diluted supply, token unlocking and issuance may affect price trends as the project expands.

##$MYX Catalyst: What Driven the Rebound and What Might Sustain This Momentum

1. Product Updates: The anticipation of new features, such as portfolio margin and improved cross-chain access, has generated excitement.
2. Narrative Drive: The media's reporting on the 1100% surge has created a reflexive loop, attracting traders chasing volatility.
3. Derivative Dynamics: High leverage and concentrated positions have triggered forced liquidations and squeezes, amplifying bidirectional volatility.

##$MYX Information on Gate: What Gate Users Need to Know

Gate launched the $MYX/USDT spot trading pair on September 9, 2025, enabling real-time order book discovery. Gate's infrastructure provides transparent liquidity, limit order and stop-loss tools, as well as comprehensive visibility into depth—these are key advantages when trading volatile assets like $MYX.

For Gate users, this listing means gaining early liquidity under professional-grade risk control, avoiding the obscurity of liquidity shortages in decentralized exchange pools.

##$MYX vs. "The Best Cryptocurrency Right Now": How to Frame Your Decision

Momentum does not equal guaranteed opportunity. Gate users should define $MYX based on clear criteria:

• Price levels: Be aware of the resistance near the previous highs ($18–$19) and the support in the $10–$11 range. Set alerts to avoid emotional entries.
• Liquidity Depth: Always check the order book before executing large trades. Thin depth can amplify slippage.
• Volatility Management: Reduce position size to smaller than usual; a three-digit fluctuation within 7 days indicates the possibility of significant volatility.
• Fundamentals: Monitor the delivery of the roadmap (updates to the MPM engine, cross-chain support, new margin features). Ongoing adoption is more important than a week of hype.

##$MYX Risk: What Could Break the Momentum

• Parabolic retracement: Tokens that have risen more than 1000% within a week typically experience a sharp decline after buying pressure subsides.
• Leverage-driven volatility: As a perpetual contract native token, $MYX is very sensitive to funding flips and liquidation cascades.
• Oversupply: The maximum supply is 1 billion, and the circulation may significantly increase over time. If the adoption rate slows down, it could put pressure on the price.

##$MYX Conclusion: Is $MYX the "best cryptocurrency" or just the loudest?

$MYX Finance has launched a unique zero-slippage perpetual contract trading model, establishing its position as a challenger to CEX derivatives in the DeFi space. Its token $MYX has performed impressively within 7 days, making it a high-profile candidate for momentum traders.

For Gate users, the opportunity lies in disciplined execution: trading $MYX on Gate's $MYX/USDT market, using alerts, scaling into positions, and always defining stop-loss levels. By combining appropriate risk management with Gate's trading infrastructure, $MYX can be seen as an actionable idea—rather than falling into the trap of chasing headlines.