MYX Finance Secures $5 Million in Seed Funding on November 28, 2023

According to media reports, the chain abstraction perpetual DEX project MYX Finance secured $5 million in Seed funding on November 28, 2023. The round was led by prominent investment institutions including HSG, Hack VC, OKX Ventures, Foresight Ventures, HashKey Capital, Cypher Capital Group, GSR, ConsenSys Mesh, Bing Ventures, and Leland Ventures. Following this financing, MYX Finance’s latest valuation reached $50 million.MYX Finance is a chain abstraction perpetual DEX designed to democratize on-chain alpha yields for users. The platform enables anyone to trade perpetual contracts for any token—from blue-chip assets to the latest meme coins—at a minimal fee of just 1 basis point, while offering deep liquidity and a seamless user experience without requiring users to relinquish their private keys or perform cross-chain switching. This innovative model lowers trading barriers for users and expands access to derivatives trading for a broader range of participants.According to the project roadmap, MYX Finance launched on testnet on November 29, 2023, and officially went live on mainnet on February 18, 2024. On May 6, 2025, MYX Finance will launch trading and conduct a token airdrop, along with the release of the MYX tokenomics whitepaper. Looking ahead, the project plans to introduce copy trading and broker frontend integration in October 2025, as well as cross-chain portfolio margin trading in January 2026, continuously expanding its product ecosystem to provide users with a more comprehensive and convenient trading experience.