MYX (MYX Finance) has pumped 2.39% in the last 24 hours.

Gate News Bot message, September 26, according to CoinMarketCap data, as of the time of writing, MYX (MYX Finance) is currently priced at 9.22 USD, having risen 2.39% in the last 24 hours, with a high of 14.43 USD and a low of 8.60 USD, and a trading volume of 188 million USD in the last 24 hours. The current market capitalization is approximately 1.817 billion USD, an increase of 42.4 million USD compared to yesterday.

MYX is a decentralized derivatives trading platform that supports various decentralized financial services such as perpetual contract trading, cross-chain asset exchange, and copy trading. The platform executes transactions through smart contracts on multiple blockchains including ARB, LINEA, and OPBNB. MYX does not provide asset custody services; user assets are managed by the users themselves. Users execute related on-chain transactions by interacting with smart contracts, and MYX does not participate directly in the process.

Important news about MYX recently:

1️⃣ Short-term price volatility MYX Finance has experienced significant price fluctuations over the past week. On September 20, MYX reached a high of $14.43, followed by a substantial correction, with a drop of up to 20.47%. This dramatic price volatility reflects the market's high attention towards MYX and the rapid changes in investor sentiment.

2️⃣ Market Capitalization Ranking Changes Despite experiencing a short-term significant correction, MYX Finance's market capitalization remains at a high level. It has decreased from $2.242 billion on September 20 to the current $1.817 billion. Although there has been a decline, it still demonstrates the overall scale and market recognition of the project.

3️⃣ Volume remains active The 24-hour trading volume of MYX Finance remains at a high level of $188 million, indicating that despite market fluctuations, investors' trading interest in the project remains strong. This sustained trading activity may be an important factor supporting the rebound of MYX prices.

From a technical perspective, MYX has rebounded after a significant correction, possibly forming a short-term bottom support. However, considering the recent volatility, market sentiment remains relatively weak, and investors should closely monitor the potential risks of further adjustments.

This message is not intended as investment advice. Investors should be aware of market volatility risks.