Overview
- On August 5, the MYX token jumped 289% to an all-time high of $0.989 before retracing to $0.881.
- Daily trading volume climbed above $64 million as a Binance listing drew renewed retail interest.
- Technical readings such as a relative strength index above 85 point to overbought conditions and heightened pullback risk.
- Backed by Sequoia China, HashKey Capital and ConsenSys, MYX Finance powers a cross-chain perpetual derivatives exchange on Arbitrum, Linea, BNB Chain and opBNB.
- Market focus has shifted to the unconfirmed V2 upgrade, with speculation around features like zero-slippage execution and advanced chain abstraction driving demand.