MYX Stats: Volume, Fees & OI Data
Rating
Trading Info
Fee Comparison
Advantages
- 20% fee rebate through referral is among the highest direct rebates available on any perp DEX
- Multi-chain deployment on Arbitrum and Linea gives traders flexibility in network choice
- Proprietary MPM liquidity design differentiates from standard pooled or order book models
- Very low 1 bps maker fee combined with 20% rebate produces highly competitive effective taker costs
Considerations
- No published security audits introduces meaningful smart contract risk on both chains
- Matching Pool Mechanism is a novel design with less battle-testing than established models
- Launched May 2024 with a limited operational history relative to multi-year incumbents
MYX Review 2026
MYX launched in May 2024 with a dual-chain deployment spanning Arbitrum and Linea, targeting traders who want flexibility in their L2 network choice. The protocol's defining technical feature is its Matching Pool Mechanism (MPM), a liquidity design that differs from both traditional order books and the pooled liquidity models used by GMX and similar platforms. The full technical details of MPM are proprietary, but the mechanism aims to match traders' positions more efficiently and reduce the conflict between liquidity providers and traders that exists in purely pooled systems where the LP is the direct counterparty to all trades.
The referral program offers a 20% fee rebate, which is among the highest referral-based rebates in the current perp DEX market. Applied to a base taker fee of 5 bps, the effective cost for referred users drops to 4 bps. With the 1 bps maker fee, limit order traders face very low costs. MYX also runs an active points program, meaning traders accumulate points for their trading activity in addition to the fee rebate. The combination of fee rebates and points farming creates a double incentive structure that is particularly attractive during the pre-token accumulation phase.
The multi-chain strategy helps MYX stand out. Arbitrum offers deep liquidity connections and broad DeFi composability, while Linea is an emerging ZK-rollup ecosystem backed by ConsenSys with growing TVL and user activity. Deploying on both chains allows MYX to capture users from two distinct ecosystems and potentially benefit from Linea's ecosystem incentive programs, which have historically driven significant points farming activity.
The biggest gap in MYX's profile is the lack of published security audits. For a protocol running a novel liquidity mechanism across two separate chains, unaudited contracts compound the risk surface. The MPM's novelty also means fewer researchers and community members are familiar with its potential edge cases compared to widely-studied models. Traders should treat MYX primarily as a fee rebate and points farming opportunity, maintaining position sizes appropriate to the elevated risk profile of an unaudited early-stage protocol.
Related Resources
Frederick Cormack
VC & Crypto Derivatives AnalystDerivatives analyst with 8+ years in crypto & venture capital. Tested every protocol on PerpFinder with real funds.
Affiliate Disclosure: This page contains affiliate links. We may earn a commission when you sign up through our links, at no extra cost to you. This does not influence our ratings or recommendations.
Risk Warning: Trading perpetual futures involves substantial risk of loss and is not suitable for all investors. Past performance does not guarantee future results. Only trade with funds you can afford to lose.
Key Features
Audits
Frequently Asked Questions
What is the maximum leverage on MYX?▾
MYX supports up to 100x leverage across all 30 perpetual markets on both Arbitrum and Linea. This full leverage ceiling is available regardless of which chain you trade on.
What are the trading fees on MYX?▾
MYX charges a 1 bps (0.01%) maker fee and a 5 bps (0.05%) taker fee. Traders who join through the referral link with code JPVFBEU receive a 20% fee rebate, bringing the effective taker cost down to 4 bps.
How many trading pairs does MYX support?▾
MYX lists 30 perpetual markets across both Arbitrum and Linea deployments. This covers all major crypto perpetual pairs and provides broad market access for diversified trading strategies.
Which chains does MYX support?▾
MYX is deployed on both Arbitrum and Linea. Arbitrum offers deep liquidity and broad DeFi composability, while Linea is a ZK-rollup backed by ConsenSys with growing ecosystem incentives. Traders can choose whichever network suits their existing positions and assets.
Has MYX been audited?▾
MYX has not published any security audits. The protocol operates a novel Matching Pool Mechanism across two chains, meaning the unaudited contract surface spans multiple deployments. Traders should treat this as an elevated risk factor and size positions accordingly.
What is the MYX Matching Pool Mechanism (MPM)?▾
The Matching Pool Mechanism (MPM) is MYX's proprietary liquidity design that aims to match trader positions more efficiently than traditional pooled models. It is designed to reduce the inherent conflict between liquidity providers and traders that exists when the LP acts as a direct counterparty to all trades.
How does the MYX 20% fee rebate referral work?▾
Traders who sign up using the referral code JPVFBEU receive a 20% rebate on all trading fees — one of the highest fee rebates available on any perp DEX. Combined with the active points program, this creates a double incentive for early participants who want to maximize returns during the pre-token phase.
Trading Tools
Centralized Alternatives
Compare centralized exchanges like Binance, Bybit, and OKX with live futures data.
Browse CEX ExchangesExclusive Deals & Bonuses
Sign-up bonuses, fee discounts, and referral rewards across exchanges.
View All DealsTrade on MYX
Get 20% fee rebate back when you sign up through our link.
Visit MYX — 20% fee rebateTrading perpetual futures carries significant risk, including potential total loss of capital. Past performance is not indicative of future results.