Latest MYX Finance (MYX) News Update

Deep Dive

1. V2 Upgrade Tease (8 September 2025)

Overview:
MYX Finance confirmed its V2 upgrade will launch in “coming weeks,” introducing zero-slippage execution, cross-chain compatibility, and portfolio margin features. The protocol’s trading volume hit $354M (+710% in 24h) as investors priced in potential DeFi dominance.

What this means:
This is bullish for MYX because seamless cross-chain trading could attract liquidity from rivals like dYdX. However, delays or underwhelming execution might trigger profit-taking, given its 1,311% weekly gain. (Weex)

2. Short Squeeze Ignites Rally (8 September 2025)

Overview:
A cascade of $14.63M in short liquidations (mostly from bearish bets) amplified MYX’s price surge to $16.64. Open interest spiked 146%, signaling leveraged speculation.

What this means:
While the squeeze reflects bullish momentum, perpetual funding rates at 0.008% (neutral) suggest balanced positioning now. Traders should monitor RSI at 89.79 (1d), indicating overbought risks. (CoinMarketCap)

3. Insider Unlock Concerns (9 September 2025)

Overview:
On-chain analysts flagged a 39M MYX token unlock (worth ~$648M) coinciding with suspected wash trading. Six wallets funneled 6.72M MYX to Bitget pre-pump, per Bubblemaps.

What this means:
This is bearish if insiders dump tokens, but MYX’s $3.28B market cap could absorb moderate selling. Watch for exchange inflows from VC-linked wallets. (Bubblemaps)

Conclusion

MYX’s rally hinges on V2 delivering institutional-grade trading tools while navigating unlock-driven sell pressure. Will organic adoption outpace speculative churn post-upgrade?

Deep Dive

1. @DiarioBitcoin: V2 Anticipation Sparks 170% Rally (Bullish)

"En las últimas 24 horas, $MYX subió más de 170% [...] por actualización V2 [...] y liquidaciones masivas de $39M"
– @DiarioBitcoin (22k followers · 18k impressions · 2025-09-08 15:27 UTC)
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What this means: Bullish sentiment stems from expectations for MYX’s V2 upgrade introducing cross-chain trading and portfolio margining, though RSI at 89.79 (1D) suggests overextension.

2. @bubblemaps: Sybil Attack Suspicions (Bearish)

"> 100 sybil addresses receive 1% of supply [...] $200M worth overnight"
– @bubblemaps (91k followers · 234k impressions · 2025-09-09 18:15 UTC)
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What this means: Bearish concerns arise from alleged airdrop manipulation, with 1% of supply distributed to suspicious wallets, creating sell pressure risks.

3. @SashawhyN: VC Unlock Triggers 20% Crash (Bearish)

"Token unlock & VC selling: Hack VC offloaded $2.15M [...] RSI hit 98.06"
– @SashawhyN (CMC post · 2025-08-07 09:59 UTC)
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What this means: Bearish pressure emerged when 3.9% of supply (39M MYX) unlocked, with VC selling exacerbating the drop below critical $1.50 support.

Conclusion

The consensus on MYX is mixed – technical upgrades and exchange listings (Binance Alpha, Bitget) battle suspicion of wash trading and insider exits. While the protocol’s $9B monthly volume demonstrates real usage, the 1,311% weekly price surge (CMC data) appears fragile with 39M more tokens unlocking soon. Watch the V2 launch timeline and Hack VC wallet movements for next momentum shifts.

Deep Dive

1. Security Patch (12 July 2025)

Overview:
MYX introduced a Suspicious Approval Guard to temporarily block withdrawals from wallets still approving outdated contracts. Users must revoke old approvals to restore access.

What this means:
This is bullish for MYX because it strengthens user fund security, reducing exploit risks. However, it requires immediate action from affected users to maintain functionality.
(Source)

2. V2 Upgrade Anticipation (September 2025)

Overview:
The upcoming V2 upgrade aims to expand to non-EVM chains (e.g., Solana, Bitcoin L2s), introduce portfolio margin for cross-position collateralization, and refine the zero-slippage Matching Pool Mechanism (MPM).

What this means:
This is neutral-bullish for MYX. While it could attract broader liquidity and improve capital efficiency, the lack of a confirmed launch date and potential technical complexities pose execution risks.

Conclusion

MYX’s codebase updates prioritize security and scalability, with the V2 upgrade poised to enhance cross-chain interoperability. However, the project must navigate token unlock volatility (e.g., 39M MYX unlocked recently) alongside technical execution. Will MYX sustain developer momentum post-V2 to retain its 1,312% weekly price surge?

Deep Dive

1. V2 Protocol Launch (Late September 2025)

Overview:
The V2 upgrade, confirmed via MYX Finance's social media, introduces zero-slippage trading via an enhanced Matching Pool Mechanism and chain abstraction for seamless cross-chain swaps. Live testing began in August 2025, with mainnet deployment expected within weeks.

What this means:
Bullish for MYX because reduced slippage could attract high-volume traders, potentially boosting protocol fees (currently $9B/month). However, delayed delivery or technical flaws might trigger sell-offs given the token’s 97.45 RSI overbought signal during the August rally.

2. Non-EVM Chain Expansion (Q4 2025)

Overview:
Plans to expand beyond EVM chains like BNB and Arbitrum to Solana and Bitcoin L2s (e.g., Stacks) were outlined in a community update. This aims to capture liquidity from ecosystems outside Ethereum’s dominance.

What this means:
Neutral-to-bullish – while diversification could increase MYX’s Total Value Locked (currently $25.99M), integrating non-EVM architectures introduces technical complexity. Success depends on MYX’s ability to maintain 50x leverage and low fees across heterogeneous chains.

3. Portfolio Margin System (2026)

Overview:
A 2026 roadmap item revealed in developer AMAs will let traders use collateral across multiple positions, reducing capital inefficiencies. This mirrors systems in centralized exchanges like Binance Futures.

What this means:
Bullish for adoption if implemented smoothly, as institutional traders often require portfolio margining. However, bearish risks emerge if the system’s smart contracts face exploits, given MYX’s history of sybil attack allegations during its airdrop.

Conclusion

MYX’s roadmap prioritizes technical differentiation (zero slippage, cross-chain) and institutional features (portfolio margin), but execution risks and token unlocks (39M MYX unlocked September 8) could pressure prices. Will V2’s user growth offset dilution from future unlocks?