Latest Development MYX Finance Funding, Read Here!

In the ever-evolving domain of decentralized finance, few protocols have managed to generate as much noise, traction, and investor confidence as MYX Finance. Built around a breakthrough Matching Pool Mechanism (MPM), MYX is not just another perp DEX—it’s a precision trading platform engineered to eliminate slippage and amplify capital efficiency. 

Backed by top-tier venture capital, a successful IDO launch, and multi-stage funding rounds, the platform has positioned itself at the cutting edge of DeFi infrastructure.

This article breaks down the latest funding developments, investor profiles, tokenomics of the IDO, and the broader implications of MYX’s rapid rise. Whether you’re a seasoned DeFi strategist or a retail investor with an eye on emerging protocols, here’s everything you need to know.

What is MYX Finance (MYX)?

MYX Finance is a next-generation decentralized perpetual futures exchange that enables USDT-margined contracts with up to 50x leverage, offering traders an institution-grade experience without intermediaries. The defining feature of MYX is its Matching Pool Mechanism (MPM)—a trading engine that enables slippage-free execution by directly matching long and short positions in real time.

Unlike AMMs or order books that rely on market makers or external liquidity, MPM turns traders into liquidity for one another, optimizing capital deployment and slashing execution delays. This translates into:

• Zero slippage even during high volatility

• Up to 125x capital efficiency

• Trustless and on-chain trade matching

In short, MYX redefines how leveraged crypto derivatives are structured and executed.

Read More: What is MYX Finance? The Meeting of Futures and Perpetuals

MYX Finance Funding Timeline: From Seed to Strategic Domination

Seed Round – November 28, 2023

• Raised: $5 million

• Lead: HongShan (formerly Sequoia China), HashKey Capital

• Notable Participants: ConsenSys, OKX Ventures, GSR, Hack VC

As one of the most impressive seed rounds in the DeFi space, this early capital injection gave MYX a robust war chest to develop its core infrastructure, security audits, and MPM protocol validation.

Undisclosed Strategic Partnership – June 10, 2024

• Investor: Linea

• Amount: Not disclosed

Though the capital raised remains undisclosed, Linea’s involvement suggests tight integration into zkEVM or Layer 2 solutions—possibly setting the stage for cross-chain MPM deployment.

Strategic Round – March 8, 2025

• Raised: $5 million

• Investors: HashKey Capital, D11 Labs, Metalpha, FL Foundation, Woyong

This round marked MYX's strategic pivot toward institutional alignment and Layer 1 integrations, bringing together a diverse group of capital providers with ties across Asia, Europe, and the U.S.

Initial DEX Offering (IDO) – May 6, 2025

• Platform: Binance Wallet

• Raised: $180,000

• Token Price: $0.009

• Total Tokens Sold: 20 million (2% of total supply)

• ROI Performance:

  • Initial ROI: 11.4x (+1,040%)

  • ATH ROI: 13.19x (+1,219%)

With capped allocations (3 BNB/user), this IDO reflected both careful supply discipline and explosive demand—setting the tone for an intense secondary market listing.

Read Also: Don't Miss it, MYX Token TGE: Details Information 

Who's Backing MYX Finance?

MYX has amassed a multilayered investor base comprising:

• Top-tier VCs like HashKey Capital, HongShan, and OKX Ventures

• Infrastructure giants like ConsenSys and Linea

• Cross-border financial groups like Metalpha and FL Foundation

This diversified investment profile gives MYX:

• Institutional credibility

• Technical backing for smart contract rigor

• Market-making and liquidity provisioning channels

Investor Table Snapshot

Read Also: How MYX Finance Works? Here Are the Details

Technology & Ecosystem Vision

At the protocol level, MYX is engineered for scale. Here’s a glimpse of its technology stack and upcoming developments:

Security & Audits

• Multi-layer smart contract audits underway

• Deployment on BNB Smart Chain with EVM-compatibility

• Anticipated rollout of zk-SNARK privacy modules for trade confidentiality

Cross-Chain Expansion

• Linea’s undisclosed partnership implies zkEVM adoption

• Future potential expansion to Arbitrum, Optimism, and Base

Upcoming Features

• MPM V2: Multi-asset pool support

• NFT-based trader reputation scores

• Permissionless listing of synthetic assets (e.g., commodities, FX)

Read Also: MYX Airdrop: How to Participate and Claim MYX Token

Strategic Outlook: Is MYX the Future of Perp DEXs?

The race to dominate the decentralized perpetuals space is heating up—with contenders like dYdX, GMX, and Vertex already commanding market share. However, MYX brings something fundamentally novel: slippage-free execution without depending on oracles or order books.

If executed properly, MYX could:

• Outperform AMM-based perp platforms in volatility handling

• Serve as a modular trading layer for DeFi protocols

• Integrate with yield aggregators, hedge funds, and DAO treasuries

In a market that rewards composability, capital efficiency, and trustlessness, MYX’s architecture feels less like an evolution—and more like a generational leap.

Read Also: All In on Bitcoin! Why BlackRock is Backing BTC With Its New Fund?

Conclusion

With over $10 million in strategic and seed funding, a massively oversubscribed IDO, and high-profile backers like HashKey, HongShan, and ConsenSys, MYX Finance isn’t just building a DEX—it’s constructing a new on-chain trading paradigm. Its slippage-free engine and ambitious roadmap may redefine how crypto derivatives are priced, traded, and secured.

Stay ahead of the curve—track MYX Finance’s next steps and explore trading opportunities on the official Bitrue platform.

FAQ

Q: What is MYX Finance?
A: MYX Finance is a decentralized perpetual futures platform offering up to 50x leverage and zero slippage trading via its Matching Pool Mechanism (MPM).

Q: How much funding has MYX raised?
A: MYX has raised over $10 million across Seed, Strategic, and Undisclosed rounds from leading VCs and institutional investors.

Q: What was the IDO price and ROI?
A: The IDO price was $0.009 per token, with a current ROI of 11.4x and an ATH ROI of 13.19x.

Q: Who are MYX’s major investors?
A: Notable backers include HashKey Capital, HongShan, ConsenSys, OKX Ventures, and GSR.

Q: Where can I track or buy MYX tokens?
A: You can follow project developments and access trading opportunities via Bitrue and the official Binance Wallet listing.

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