Deep Dive
1. V2 Protocol Upgrade & Cross-Chain Expansion (Bullish)
Overview: MYX plans to launch V2 in early 2026, introducing portfolio margin, non-EVM chain support, and enhanced liquidity mechanisms. Its recent Chainlink integration (MYX.Finance) aims to improve oracle reliability for perpetuals.
What this means: Reduced slippage and multi-chain accessibility could attract traders from centralized exchanges (CEXs), driving volume and fee revenue. Historically, MYX’s TVL surged 683% to $58M post-V1 launch, suggesting upgrades materially impact demand.
2. Token Unlocks & VC Sell-Off Risks (Bearish)
Overview: A 39M MYX unlock (17.6% of circulating supply) is scheduled for Q1 2026. Past unlocks saw early backers like Hack VC dump $2.15M tokens within hours (CoinMarketCap).
What this means: Immediate dilution could reverse recent gains. MYX’s 90-day volatility of 197% shows sensitivity to supply shocks. Monitoring exchange inflows post-unlock is critical.
3. Regulatory Crackdowns on Derivatives (Mixed)
Overview: The SEC’s “Operation Chokepoint 2.0” report targets crypto derivatives platforms. MYX’s 50x leverage and U.S. user base (~30% of traffic) face compliance risks (Decrypt).
What this means: While MYX isn’t directly regulated, forced geo-blocking or banking disruptions could hamper growth. Conversely, a favorable CFTC ruling might differentiate it from CEX rivals.
Conclusion
MYX’s price trajectory hinges on balancing innovation (V2 upgrades) against supply shocks and regulatory headwinds. The $2.84 Fibonacci support and $3.43 resistance will test short-term sentiment. Key question: Can MYX sustain $80M+ daily volume post-unlock to absorb selling pressure?