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MYX (MYX Finance) rose 144.57% in 24 hours.
Gate News Bot message, August 5, according to CoinMarketCap data, as of the time of writing, MYX (MYX Finance) is currently priced at 0.51 USD, with a rise of 144.57% in the last 24 hours, reaching a high of 0.51 USD and a low of 0.10 USD. The current market capitalization is approximately 67.9 million USD, an increase of 40.2 million USD compared to yesterday.
MYX Finance is a decentralized trading platform that supports perpetual contract trading, cross-chain asset swaps, copy trading, and other decentralized financial services. The platform currently provides services on multiple blockchains such as ARB, LINEA, and OPBNB through smart contracts. MYX does not provide asset custody services, and all user assets are independently managed by users in non-custodial wallets. Users carry out related on-chain transactions through smart contracts without the direct involvement of MYX.
Important news about MYX recently:
1️⃣ Multi-chain deployment expands ecological scope MYX Finance has deployed smart contracts on multiple blockchains such as ARB, LINEA, and OPBNB, providing users with cross-chain asset exchange and perpetual contract trading services. This multi-chain strategy helps to expand MYX's user base, increase liquidity, and enhance the overall ecosystem of the platform.
2️⃣ Non-custodial wallet enhances security MYX adopts a non-custodial wallet model, allowing users to directly control their assets and trade through smart contracts. This decentralized approach greatly enhances the platform's security, reduces centralized risks, and may attract more users who prioritize asset safety.
3️⃣ Diversification of Decentralized Financial Services In addition to perpetual contracts and cross-chain asset swaps, MYX also offers innovative DeFi services such as copy trading. This diversified product portfolio helps MYX stand out in the highly competitive DeFi market and attract different types of users and investors.
From a technical perspective, MYX's price has seen a significant rise in the short term, which may pose a risk of a pullback. Investors should closely monitor its trading volume and user growth across different chains to assess its long-term development potential.
This message is not to be taken as investment advice; investors should be aware of market volatility risks.