MYX Finance Raises Strategic Funding Led by Consensys

[Ilampirai A]

MYX Finance has completed a strategic funding round led by Consensys, with participation from Mesh, Systemic Ventures, and Ethereal Ventures. The funding amount was not disclosed, but the investment makes Consensys the platform’s largest investor to date.

Key Platform Data:
• $95B+ cumulative trading volume 
• Leading derivatives DEX on BNB Chain 
• Largest derivatives platform on Linea 

Funding Timeline:

Nov 2023 – Seed Round:
• $5M raised 
• Led by HongShan 
• Backers: HashKey Capital, Consensys, GSR, OKX Ventures, Hack VC 

Jun 2024 – Ecosystem Funding:
• Backing from Linea (undisclosed)

Mar 2025 – Strategic Round:
• $5M raised 
• Investors: HashKey Capital, D11 Labs, Metalpha, FL Foundation, Woyong 

May 6, 2025 – IDO (Binance Wallet):
• $180K raised 
• Token price: $0.009 
• ROI: 126.88x 
• ATH ROI: 2100x+ 

The Consensys-led round is positioned as a strategic partnership to support product development and ecosystem expansion in on-chain derivatives trading.

Data Based from: https://cryip.co/myx-finance-secures-strategic-funding-round-led-by-consensys/

[dwyane36]

MYX Finance has completed a strategic funding round led by Consensys, with participation from Mesh, Systemic Ventures, and Ethereal Ventures. The funding amount was not disclosed, but the investment makes Consensys the platform’s largest investor to date.

The news seemed positive, but when it was announced, MYX dumped heavily. However, it's worth noting that MYX appears to have bottomed out at around $0.8, as there was then a sharp reversal and a pump to $1.83. I think MYX has potential, but caution should be exercised as this asset is too volatile and prone to excessive manipulation.

[TastyChillySauce00]

MYX Finance has completed a strategic funding round led by Consensys, with participation from Mesh, Systemic Ventures, and Ethereal Ventures. The funding amount was not disclosed, but the investment makes Consensys the platform’s largest investor to date.

The news seemed positive, but when it was announced, MYX dumped heavily. However, it's worth noting that MYX appears to have bottomed out at around $0.8, as there was then a sharp reversal and a pump to $1.83. I think MYX has potential, but caution should be exercised as this asset is too volatile and prone to excessive manipulation.

Investment rarely affect the price that much especially if the amount is undisclosed.
The IDO participant in binance for MYX is eating good though, still 137x ROI even after the dump, that's actually pretty rare thing to see how profitable it is since they got it at price of $0.009.