MYX Finance is a derivatives protocol offering perpetual markets for any token, enabling trading on a wide range of assets. Synthetix is a decentralized perpetual futures protocol on Ethereum, focused on trading synthetic assets backed by its native collateral. MYX suits traders seeking broad token access, while Synthetix appeals to users embedded in Ethereum’s synthetic asset ecosystem.
| Token Price | — | — |
| 24h Change | — | — |
| Market Cap | — | — |
| TVL | $98.8KDefiLlama | $897.4KDefiLlama |
| MCap Rank | #956 | #212 |
| Total Raised | $5.0M | $20.0M |
| Founded | 2023 | 2017 |
| Stage | — | — |
| X / Twitter | 123K | 259K |
| GitHub Stars | — | — |
| Chains | arbitrumbnb-chainlinea | arbitrumavalanchebase |
| Tags | Perp, Derivatives, DeFi | Derivatives, DeFi, Synthetic Assets |
MYX is a decentralized derivatives protocol that uses a unique Matching Pool Mechanism to offer permissionless perpetual trading across multiple blockchains. It provides leverage up to 15x on listed tokens with fast execution and low fees, catering to both mainstream and emerging memecoin markets.
Synthetix is a decentralized perpetual futures protocol on Ethereum Mainnet that uses a hybrid off-chain order matching and on-chain settlement design to deliver CEX-like performance with on-chain security. It enables trading of synthetic assets and perpetual futures, with liquidity provided by staked SNX collateral and the Synthetix Liquidity Provider vault. The protocol powers permissionless derivatives across multiple EVM chains.