MYX Finance
MYXThe full report. Score, pillars, arithmetic, risk, scenario, signal and notes.
Research, not financial advice. Read the terms.
About MYX Finance
Analysis of 14 Jun 2026MYX Finance is a decentralized perpetual futures protocol whose June 12, 2026 V2 launch shifted the product toward an all-asset, permissionless perpetual DEX design. The V2 narrative is technically meaningful: account abstraction, gasless one-click trading, Chainlink permissionless oracle infrastructure, and leverage up to 50x could make market creation more flexible than a traditional listed-pair perpetual venue.
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The problem is that fundamentals remain severely stressed. CoinGecko showed MYX near $0.1807 on June 14, 2026, down about 99.05% from its September 2025 all-time high of $19.03, with market cap around $34.4 million and TVL near only $153k.
Liquidity is active, with roughly $18 million 24-hour volume across major trackers, but that sits beside a history of violent price moves, pump-and-dump allegations, and earlier analysis suggesting <0.001% probability of organic trading during prior abnormal activity.
Tokenomics are also weak: CoinGecko reported about 190.8 million MYX circulating against 1 billion total and max supply, so only about 19% of supply is liquid.
CoinMarketCap and several exchange feeds show a higher circulating estimate near 330.1 million, but even that is only about 33% of max supply. Either way, future dilution remains a central risk.