MYX Finance Secures $5 Million in Strategic Funding on February 4, 2025

According to media reports, MYX Finance secured $5 million in strategic funding on February 4, 2025. Investors in this round include HashKey Capital, D11 Labs, Metalpha, FL Foundation, and Woyong.MYX Finance is a chain abstraction perpetual DEX platform dedicated to democratizing alpha trading on-chain. The project enables users to trade perpetual contracts for any token on any chain, ranging from blue-chip assets to the latest meme coins, offering deep liquidity, 1 basis point trading fees, and a seamless user experience without requiring users to surrender their private keys or switch across multiple chains.This round of funding will further drive the development of MYX Finance. According to the project roadmap, MYX Finance launched on mainnet in February 2024 and will officially open trading and initiate the MYX token airdrop on May 6, 2025. The team plans to introduce copy trading functionality and frontend integration with securities firms by October 2025, further lowering user barriers to entry. By January 2026, MYX Finance will launch cross-chain full-position leveraged trading features, enhancing the diversity of trading tools and user experience.As an innovator in the DEX sector, MYX Finance leverages chain abstraction technology to address the pain point of users needing to switch between multiple chains, providing a more convenient perpetual trading experience for everyday users. This funding will help accelerate product iteration and market expansion, advancing the development of decentralized exchanges.