ChainCatcher news, the decentralized perpetual contract exchange MYX.Finance announced the launch on the Linea Goerli testnet, and will soon be available on the Arbitrum and Scroll testnets.According to data from the crypto data platform RootData, MYX.Finance previously announced the completion of a $5 million seed round financing at a valuation of $50 million, led by HongShan (formerly Sequoia China).

ChainCatcher news, the decentralized perpetual contract exchange MYX.Finance tweeted that it will launch on the Linea Goerli testnet at 21:00 Beijing time on November 29.

ChainCatcher news, OKX Ventures announced an investment in the decentralized derivatives exchange MYX.Finance. MYX is a fully decentralized derivatives trading platform that utilizes a groundbreaking MPM model, achieving capital efficiency of up to 125x. Its unique on-chain trading system provides traders with zero slippage and the lowest trading fees, while offering LPs intelligent exposure management services to enhance returns and significantly reduce trading risks. MYX is committed to breaking through the bottleneck of on-chain capital utilization efficiency and promoting the adoption of decentralized trading.OKX Ventures founder Dora stated: "From 2019 to 2021, the number of CEXs gradually decreased, while the number of DEXs grew against the trend, increasing by over 100% in three years. The TVL of derivatives DEXs has increased 35.7 times since 2020, and the cumulative trading volume of the Top 20 derivatives DEXs has grown from 0 to the current level of $1.6T over three years. There is still significant growth potential for derivatives DEXs, and we look forward to MYX's performance in the derivatives market."