MYX surges 59%: How does it break through against the market downturn?

According to the latest news, MYX Finance surged 59.30% within 24 hours on January 4, 2026, now trading at $6.38, hitting a new high of $6.97, with its market capitalization increasing to $1.604 billion. This surge stands out in the entire crypto market, especially against the backdrop of a generally sluggish market in 2025.

The Strong Performance Behind Short-Term Fluctuations

Price Movement Triplet

From the latest data, MYX shows obvious volatility within 24 hours. The low point was $3.39, the current price is $6.38, and the high point reached $6.97. Such price swings reflect high market attention to this project. The 24-hour trading volume reached $152 million, indicating active participation.

It is worth noting that this is not an isolated increase. According to recent reports, MYX rose 78% to around $4.00 over the past three days, then retraced 27%. Now, it has rebounded from lows and broken through previous highs, indicating that market sentiment has been reactivated after a shakeout.

Relative Strength in a Sluggish Market

The crypto market in 2025 has been sluggish. According to relevant data, out of 533 public token sales throughout the year, about 88% of tokens are still trading below their issuance price. In such a market environment, MYX remains strong, which in itself indicates a problem.

In comparison, MYX was the most profitable project of 2025, with a maximum return of 2103 times. Even at the current price level, it maintains a return of over 385 times. Such excess returns are even more valuable in the context of a generally weak market.

Market Validation of Project Fundamentals

Ongoing Demand for Decentralized Derivatives

MYX is a scalable decentralized derivatives trading protocol supporting perpetual contracts, cross-chain asset swaps, copy trading, and other multi-dimensional services. The attention such projects receive reflects the ongoing demand for on-chain derivatives trading infrastructure.

Especially with multi-chain deployment strategies, MYX operates on multiple blockchains such as ARB, LINEA, and OPBNB, which means it can meet the trading needs of users across different ecosystems, not relying solely on a single chain. This strategic layout gives it a competitive edge in the decentralized derivatives sector.

Security Attributes of Non-Custodial Mode

MYX does not provide asset custody services; all user assets are managed independently by users in non-custodial wallets, interacting with the platform via smart contracts. While this mode requires users to have self-management capabilities, in the current market environment, the security advantages of non-custodial trading are increasingly recognized.

Real-Time Reflection of Market Hotness

Based on recent news frequency, MYX has become a market focus. In the ranking of popular coins on January 3, MYX was ranked 6th, with a significant increase in trading activity. This heat accumulation is partly driven by the project’s fundamentals and also reflects the market’s renewed recognition of the decentralized derivatives sector.

Summary

The 59% increase of MYX may seem sudden, but it is actually the result of multiple factors working together. In a sluggish market environment, its strong performance is mainly due to three reasons: first, the project’s competitiveness in the decentralized derivatives sector has been validated; second, multi-chain deployment meets the trading needs of different ecosystems; third, the market’s demand for on-chain derivatives trading infrastructure continues to grow.

However, it is important to note that high short-term volatility also implies risks. The recent pattern of rising, falling, and then surging within three days indicates clear fluctuations in market sentiment. Such price swings serve as a reminder for investors to remain rational and avoid over chasing. While MYX’s strong performance is worth attention, it does not mean blindly following the trend.