July 9, MYX Finance, a decentralized exchange (DEX), released its half-year recap and roadmap for the second half of 2024. The exchange plans to enhance cross-chain integration and introduce new features, including copy trading and seamless trading. Additionally, MYX Finance will launch more incentive campaigns aimed at community members, traders, and supporters.
MYX Finance, which launched in February, uses the MPM trading engine to provide a fair and fully decentralized trading market. According to authoritative data, MYX Finance achieved a daily trading volume of $100 million within 36 days of its launch. Since June, the average daily trading volume has stabilized at $200 million.
MYX Finance focuses on combining the efficiency of centralized exchanges (CEX) with the security of decentralized exchanges (DEX), aiming to create a trustless and permissionless trading environment. This strategy aligns with the natural evolution of their roadmap. MYX Finance users can trade perpetual contracts seamlessly through the Matching Pool Mechanism (MPM), enjoying zero slippage, low fees, high capital efficiency, and diverse trading functions.
The philosophy of MYX Finance is to utilize advanced technology and feature expansions to provide new perspectives and possibilities for the future of cryptocurrency trading. In recent months, the DEX has made significant strides in improving its platform, becoming the fastest-growing DEX in 2024. According to the Q2 development report from MYX Finance, the platform has completed a major upgrade, enhancing order execution checks, fee determination logic, and introducing a market maker rebate system, maker-only orders, and a decentralized referral system.
Moreover, MYX Finance has established extensive partnerships with numerous industry leaders in the DeFi space, including public chains (Arbitrum and Linea), infrastructure providers (zk.Link and OKX Wallet), blockchain media (The Block and Cointelegraph), and institutions (KRONOS and GSR).
The token integration and airdrops of MYX Finance serve as key mechanisms to incentivize and reward user participation within its ecosystem. In recent months, MYX Finance launched the Bug Bounty Program, during which community members provided over 120 feedback points, and MYX Finance rewarded 7,000 USDT. During the testnet event, MYX Finance airdropped 1,000,000 MYX tokens to reward early participants. As of the time of writing, MYX Finance has amassed 56,200 followers on its social media platform, X.com.
With the mainnet already live, MYX Finance is launching the “Project Origin” campaign to further encourage community engagement and increase platform liquidity and user base. The campaign aims to distribute 20% of MYX Finance tokens, totaling 200,000,000 tokens, to community members and supporters.
