The price of Myx Finance (Myx) has just fired 289%: Here’s the reason – Coinjournal
- The price of Myx Finance (MyX) increased sharply the stitches of hype to crush its upcoming upgrade V2.
- Binance extract also increased the visibility of the token and caused a retail Fomo.
- Myx Finance TGE, two months ago, saw 30.296% of the assault that stimulated early.
While the cryptocurrency market is not a foreigner of wild price fluctuations, the recent increase in Myx (MyX) has attracted the attention of traders and analyzes.
Over the past 24 hours, the Token has risen with an amazing 289%, briefly hit a maximum of $ 0.989 before it was pulled back to $ 0.8810 at the time of printing.
These dramatic gatherings have caused extensive interest, especially because Myx finances this position in the derivative landscape.
Spike worth Myx is not just a flue. It is the result of several basic developments, market hype and strong business performance.
Investors are not suitable to participate in what they believe could be a long -term uptrend, because the MyX financial platform is preparing for the main upgrade.
The Myx Finance V2 Upgrade Buzz
The main driver of the MyX price rally is the increased surroundings of its upcoming V2.
Although the development team has not yet published the release date, speculation around the upgrade was intense.
Many of them believe that V2 will mean the business experience of Myx Finance by introducing zero slip, advanced abstraction of the chain, and improving its profitable conformity mechanism.
These features are expected to bring on-seminar users more smoother and efficient business model.
The monthly volume of the protocol has already reached the highest highest and has reached $ 9.07 billion in the last 30 days, with $ 285 million to be traded in the last 24 hours.
This increase in use suggests a rapidly growing interest in MyX platform before the expected upgrade.
And because the myx token plays a key role in accessing these features, such as discounted trade fees, demand for token has risen.
Soon Myx TGE Humbuk laid group work
Long before gathering this week, Myx Finance has already created buzzing in the Defi community.
On May 6, 2025, the project was organized on the Binance Event (TGE) wallet (TGE).
This event was a huge success, with a stunning 30.296% assault. More than $ 51 million in the volume of trading has been recorded with the first 24 hours.
This early success helps Myx dominates the space space of the BNB chain DEX and quickly accumulates $ 35.2 million in total locked (TVL).
Participation in TGE required at least 142 alpha points, a structure that helps control the deep community commitment and strengthen the timely demand for token. Since then, the project has retained a narrative chain of growth and innovation.
Binance Spotlight Ignites Fomo
In addition to organic protocol growth, Myx has recently received a significant increase in visibility after becoming the best gain on binance.
August 4th the price of the token jumped by 138% per day, which triggered a 711% increase in daily volume to $ 46 million.
This momentum was further reinforced by the activity of social media, including the tweet from the MyX team quoting founder Binance CZ, who attracted tens of thousands of views.
#Myx Will continue to build – just as @BnBchain Yes
Because people don’t stop eating and we don’t stop adding 🍽Myx v2 is coming
The opportunity to redefine the chain trading as we know it. 🚀 https://t.co/oiotljap1x– Myx.finance (@Myx_finance) 3rd August 2025
While the rally attractive appearance, the index of the relative forces of the token (RSI) hit 97.45, which is a sign that it is a cumbersome overbusht.
Outlook Principal Price Outlook
Despite the rapid price increase, traders remain unfolded on the short -term outlook.
The upcoming V2 edition could mean a significant point of turnover, but only the acceptance of IFSer is still expanding and the activity of the on-the-session holds.
On the other hand, the low market hat Myx and the demanding volume of retail retail mean that it is likely that cycles and sudden changes and sudden twists are pumped.
However, with strong supporters such as Sequoia China, Hashkey Capital and Consensys, as well as the growing presence across the main chains, such as Arbitrum, Linea and BNB Chain, Finance Myx is more than just humbuk.
In the coming weeks, they will reveal whether it can convert this momentum into sustainable growth or whether this explosive rally is a short -term increase.