Latest MYX Finance (MYX) News Update

Deep Dive

1. TVL Hits $27.6M ATH (5 October 2025)

Overview:
MYX’s Total Value Locked (TVL) surged to $27.6 million despite its price dropping 33% in 24 hours. Protocol revenue ($6,700) and fees ($567) also hit daily records, signaling robust on-chain activity. The Open Interest Weighted Funding Rate turned positive (0.0111%), hinting at potential short squeezes.

What this means:
This divergence is bullish long-term, as strong fundamentals could stabilize prices if the $2.3 Fibonacci support holds. However, liquidity at this level remains uncertain, leaving room for volatility. (AMBCrypto)

2. 35% Crash Tests Key Support (4 October 2025)

Overview:
MYX collapsed 35% to $8.32, breaking below the $9.4–$8.83 support zone. Bearish crossovers in EMAs and MACD signaled technical weakness, though narrowing red histogram bars suggest selling pressure may ease.

What this means:
The breakdown risks further declines toward $7.30 or even $4.53 (0.236 Fib level). A recovery above $8.83 resistance is critical to invalidate the bearish structure. (Cryptotimes)

3. Market-Wide Underperformer (3 October 2025)

Overview:
MYX fell 41% while the broader crypto market rose 1.4%, with Bitcoin nearing $124,000. Analysts flagged unusual trading patterns and questioned whether whales coordinated exits during thin liquidity.

What this means:
The underperformance highlights MYX’s speculative nature and reliance on leverage-driven liquidity. Traders now watch for potential regulatory scrutiny or exchange interventions. (CCN)

Conclusion

MYX Finance faces a credibility test: record protocol growth clashes with extreme price volatility and market skepticism. While on-chain metrics suggest resilience, technical breakdowns and manipulation fears weigh heavily. Will MYX’s fundamentals eventually anchor its price, or is this a cautionary tale of overleveraged speculation?

Deep Dive

1. @DiarioBitcoin: V2 Upgrade Sparks Volatility Bullish

"$MYX surged 170% in 24h ahead of V2 launch (zero-slippage trading, cross-chain support). Open interest doubled to $4B, but RSI at 89 warns of overextension."
– @DiarioBitcoin (58k followers · 412k impressions · 2025-09-08 15:27 UTC)
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What this means: Bullish for MYX because protocol improvements could boost adoption, but the extreme RSI suggests traders should watch for profit-taking near $7.30 support.

2. @SashawhyN: VC Unlocks Trigger Panic Bearish

"Hack VC dumped $2.15M MYX post-unlock – price crashed 20% against market trend. Next 39M token unlock ($59M at current prices) looms."
– @SashawhyN (23k followers · 187k impressions · 2025-08-07 09:59 UTC)
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What this means: Bearish pressure could intensify if early investors continue exiting – the $1.50-$1.80 zone is critical support to monitor.

3. @bubblemaps: Airdrop Manipulation Allegations Mixed

"100 sybil wallets claimed 1% of MYX supply (~$170M profit). Team’s GPT-generated response deepened community distrust in tokenomics."
– @bubblemaps (132k followers · 2.1M impressions · 2025-09-09 18:15 UTC)
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What this means: Neutral-to-bearish for MYX as the allegations could deter new investors, though staking rewards (up to 122% APY) may offset selling pressure.

Conclusion

The consensus on MYX is mixed – bullish momentum from protocol upgrades and derivatives activity clashes with concerns about token unlocks and governance transparency. While the V2 launch (expected Q4 2025) could reignite rallies, the 39M token unlock on October 12 and declining OBV (-33% last week) suggest caution. Watch the $7.30 support level – a sustained break below could trigger cascading liquidations.

Deep Dive

1. Security Patch & Contract Migration (11 July 2025)

Overview: A white-hat team identified a vulnerability in MYX’s live staking contract, prompting an emergency migration to a new address. No user funds were lost.
Details: The team isolated the vulnerable contract within minutes, working with security firms like SlowMist and Seal 911 to audit and patch the code. Users were instructed to revoke approvals for the old contract via platforms like Etherscan.
What this means: This is bullish for MYX because it demonstrates rapid response to security threats, enhancing trust in platform safety. However, the need for urgent fixes highlights ongoing risks in smart contract design.
(Source)

2. V2 Upgrade Prep (8 September 2025)

Overview: MYX teased its V2 upgrade, focusing on cross-chain interoperability (including non-EVM chains) and portfolio margin functionality.
Details: The upgrade aims to amplify liquidity via an improved Matching Pool Mechanism (MPM), enabling zero-slippage trades and gas-free transactions on supported chains. Developers also hinted at backend optimizations for faster order matching.
What this means: This is neutral-bullish for MYX because cross-chain support could attract new users, but delays or execution flaws in the rollout (no confirmed launch date) might dampen momentum. The lack of detailed technical documentation raises implementation risks.
(Source)

Conclusion

MYX’s codebase updates reflect proactive security measures and ambitious scalability plans via V2. While the project shows developer momentum, the absence of transparent commit histories or audit reports for V2 leaves room for skepticism. How quickly can MYX deliver its promised upgrades without repeating past security oversights?

Deep Dive

1. V2 Protocol Upgrade (Q4 2025)

Overview:
The V2 upgrade, heavily anticipated since September 2025 (DiarioBitcoin), aims to enhance MYX’s core Matching Pool Mechanism (MPM) with zero-slippage trading, advanced chain abstraction, and portfolio margining. This upgrade is critical for improving capital efficiency and user experience.

What this means:
This is bullish for MYX because zero-slippage execution could attract high-frequency traders, while cross-chain interoperability may expand its user base. However, delays or technical hurdles during rollout could temporarily dampen sentiment.

2. Non-EVM Chain Integration (2025)

Overview:
MYX plans to expand beyond EVM-compatible chains (like Arbitrum and BNB Chain) to networks such as Solana or Bitcoin L2s, as hinted in developer communications (CoinJournal).

What this means:
This is neutral-to-bullish for MYX. While broader chain support could drive adoption, integration complexities and liquidity fragmentation across chains pose execution risks. Success here depends on MYX’s ability to maintain low fees and seamless UX.

Conclusion

MYX’s roadmap focuses on scalability and cross-chain accessibility, with the V2 upgrade acting as a near-term catalyst. While technical execution remains a key risk, successful delivery could solidify its position in the derivatives DEX sector. How will MYX balance innovation with market volatility in Q4?