Why MYX Finance Token Surged 135% on September 8, 2025

By: crypto insight|2025/09/08 18:00:03
0
Share
copy

Imagine waking up to find your investment in a promising crypto token has more than doubled in value overnight – that’s the thrilling reality for many holders of the MYX Finance token today. On September 8, 2025, this decentralized finance gem skyrocketed by an impressive 135%, climbing to trade near $3.69, a level that echoes its peak performance from months ago. This dramatic rise isn’t just random market noise; it’s fueled by genuine excitement surrounding the platform’s upcoming V2 upgrade, coupled with surging trading activity that’s rebuilding confidence among investors. Let’s dive into what makes this surge feel like a turning point for MYX Finance, drawing parallels to how early DeFi projects like Uniswap exploded when they hit their stride with innovative updates.

Unpacking the Drivers Behind MYX Finance Token’s Explosive Growth

Building Hype Around the V2 Protocol Upgrade

Picture a decentralized exchange that’s about to get a major facelift, much like upgrading from a basic smartphone to one with cutting-edge features – that’s the anticipation brewing for MYX Finance’s V2 upgrade, slated for release in the weeks ahead. This enhancement is set to introduce game-changing elements such as zero-slippage trading, seamless cross-chain capabilities, and an overall more intuitive interface for users. If these promises come to fruition, MYX could position itself as a formidable player in the crowded DeFi landscape, rivaling established names by offering smoother, more efficient experiences. The buzz alone has investors envisioning a future where MYX Finance becomes the go-to for hassle-free decentralized trading, much like how Ethereum’s upgrades have historically boosted its ecosystem’s appeal.

Surging Trading Volume and Broader Market Momentum

Think of trading volume as the heartbeat of a token’s vitality – and for MYX Finance, that pulse is racing. In the last 24 hours alone, volume has ballooned to over $354 million, marking a staggering 710% increase. This isn’t happening in isolation; it’s part of a renewed wave of enthusiasm sweeping through the DeFi sector as overall market sentiment rebounds. Data from reliable sources like Coinglass confirms this momentum, showing how such volume spikes often signal sustained interest, similar to how Solana’s ecosystem saw explosive growth during periods of high activity. It’s this kind of robust participation that turns casual observers into active participants, creating a self-reinforcing cycle of growth.

Key Exchange Listings and Institutional Interest Fueling the Fire

Getting listed on major platforms is like opening the doors to a global audience, and MYX Finance has recently made waves with integrations on high-profile exchanges, including Binance Alpha. These moves have dramatically improved liquidity and accessibility, inviting a broader pool of investors to join the fray. On top of that, whispers from market trackers indicate that substantial wallets, possibly tied to institutions, are accumulating positions in anticipation of the upgrade. This mirrors scenarios where tokens like Chainlink surged after gaining traction on big exchanges, backed by data showing increased whale activity that often precedes major rallies.

For those looking to trade MYX Finance token with confidence, platforms like WEEX exchange stand out as a reliable choice. WEEX offers a secure, user-friendly environment with low fees and advanced tools that align perfectly with the innovative spirit of projects like MYX Finance, enhancing your trading experience while prioritizing asset safety and efficiency. It’s this kind of brand alignment that makes WEEX a go-to for savvy crypto enthusiasts navigating volatile markets.

The Ripple Effect of Short Liquidations and Rising Excitement

When prices spike sharply, it’s like a domino effect in the markets – short sellers get caught off guard, leading to forced buybacks that amplify the upward pressure. That’s exactly what unfolded with MYX Finance, where Coinglass data reveals $14.63 million in liquidations over the past day, with shorts bearing the brunt at over $11 million. This chain reaction not only intensified the rally but also ignited a fear-of-missing-out (FOMO) vibe among retail traders, reminiscent of how Bitcoin’s flashes of volatility have drawn crowds time and again. Verified updates from official MYX Finance channels confirm this liquidation wave as a key catalyst, underscoring the token’s resilience.

MYX Finance Token’s Remarkable Climb to $3.69

Over the past week, the MYX Finance token has delivered a jaw-dropping 215% gain, soaring from a low of $0.28 to an all-time high of $2.81, which has propelled its market capitalization to $725.9 million. This ascent highlights the token’s potential in a way that feels like watching a underdog athlete break records, backed by solid metrics that point to long-term viability.

Recent online buzz amplifies this story. On Google, frequently searched questions include “What is MYX Finance and how does it work?” and “Is the MYX V2 upgrade worth investing in?” – reflecting curiosity about its mechanics and future prospects. Meanwhile, Twitter is abuzz with discussions on the token’s volatility, with users posting about the liquidation frenzy and speculating on post-upgrade performance. A recent tweet from the official MYX Finance account on September 8, 2025, teased more details on the V2 features, stating, “Get ready for zero-slippage magic – V2 is closer than you think!” This has sparked threads comparing MYX to other DeFi innovators, with latest updates confirming no delays in the rollout, further stoking market optimism.

As the day unfolds on September 8, 2025, the MYX Finance token’s surge serves as a compelling reminder of how innovation and market dynamics can create extraordinary opportunities in crypto.

FAQ

What exactly is MYX Finance and why is its token surging?

MYX Finance is a decentralized exchange platform, and its token’s 135% surge today stems from excitement over the upcoming V2 upgrade, massive trading volume, and short liquidations that have driven buying pressure.

How does the V2 upgrade impact MYX Finance token holders?

The V2 upgrade introduces features like zero-slippage trading and cross-chain support, potentially increasing the platform’s usability and attracting more users, which could boost the token’s value over time.

Is now a good time to invest in MYX Finance token?

While the recent 135% jump shows strong momentum, investments carry risks; consider market trends, the upgrade’s success, and your risk tolerance before deciding, as crypto markets can be volatile.

You may also like

Some Key News You Might Have Missed Over the Chinese New Year Holiday

On the day of commencement, should we go long or short?

Key Market Information Discrepancy on February 24th - A Must-Read! | Alpha Morning Report

1. Top News: Tariff Uncertainty Returns as Bitcoin Options Market Bets on Downside Risk 2. Token Unlock: $SOSO, $NIL, $MON

$1,500,000 Salary Job: How to Achieve with $500 AI?

The Essence of Agentification: Use algorithms to replicate your judgment framework, replacing labor costs with API costs.

Bitcoin On-Chain User Attrition at 30%, ETF Hemorrhage at $4.5 Billion: What's Next for the Next 3 Months?

The network appears to be still running, but participants are dropping off.

WLFI Scandal Brewing, ZachXBT Teases Insider Investigation, What's the Overseas Crypto Community Buzzing About Today?

What's Been Trending with Expats in the Last 24 Hours?

Debunking the AI Doomsday Myth: Why Establishment Inertia and the Software Wasteland Will Save Us

Original Title: Against Citrini7Original Author: John Loeber, ResearcherOriginal Translation: Ismay, BlockBeats


Editor's Note: Citrini7's cyberpunk-themed AI doomsday prophecy has sparked widespread discussion across the internet. However, this article presents a more pragmatic counter perspective. If Citrini envisions a digital tsunami instantly engulfing civilization, this author sees the resilient resistance of the human bureaucratic system, the profoundly flawed existing software ecosystem, and the long-overlooked cornerstone of heavy industry. This is a frontal clash between Silicon Valley fantasy and the iron law of reality, reminding us that the singularity may come, but it will never happen overnight.


The following is the original content:


Renowned market commentator Citrini7 recently published a captivating and widely circulated AI doomsday novel. While he acknowledges that the probability of some scenes occurring is extremely low, as someone who has witnessed multiple economic collapse prophecies, I want to challenge his views and present a more deterministic and optimistic future.


Never Underestimate "Institutional Inertia"


In 2007, people thought that against the backdrop of "peak oil," the United States' geopolitical status had come to an end; in 2008, they believed the dollar system was on the brink of collapse; in 2014, everyone thought AMD and NVIDIA were done for. Then ChatGPT emerged, and people thought Google was toast... Yet every time, existing institutions with deep-rooted inertia have proven to be far more resilient than onlookers imagined.


When Citrini talks about the fear of institutional turnover and rapid workforce displacement, he writes, "Even in fields we think rely on interpersonal relationships, cracks are showing. Take the real estate industry, where buyers have tolerated 5%-6% commissions for decades due to the information asymmetry between brokers and consumers..."


Seeing this, I couldn't help but chuckle. People have been proclaiming the "death of real estate agents" for 20 years now! This hardly requires any superintelligence; with Zillow, Redfin, or Opendoor, it's enough. But this example precisely proves the opposite of Citrini's view: although this workforce has long been deemed obsolete in the eyes of most, due to market inertia and regulatory capture, real estate agents' vitality is more tenacious than anyone's expectations a decade ago.


A few months ago, I just bought a house. The transaction process mandated that we hire a real estate agent, with lofty justifications. My buyer's agent made about $50,000 in this transaction, while his actual work — filling out forms and coordinating between multiple parties — amounted to no more than 10 hours, something I could have easily handled myself. The market will eventually move towards efficiency, providing fair pricing for labor, but this will be a long process.


I deeply understand the ways of inertia and change management: I once founded and sold a company whose core business was driving insurance brokerages from "manual service" to "software-driven." The iron rule I learned is: human societies in the real world are extremely complex, and things always take longer than you imagine — even when you account for this rule. This doesn't mean that the world won't undergo drastic changes, but rather that change will be more gradual, allowing us time to respond and adapt.


The Software Industry Has "Infinite Demand" for Labor


Recently, the software sector has seen a downturn as investors worry about the lack of moats in the backend systems of companies like Monday, Salesforce, Asana, making them easily replicable. Citrini and others believe that AI programming heralds the end of SaaS companies: one, products become homogenized, with zero profits, and two, jobs disappear.


But everyone overlooks one thing: the current state of these software products is simply terrible.


I'm qualified to say this because I've spent hundreds of thousands of dollars on Salesforce and Monday. Indeed, AI can enable competitors to replicate these products, but more importantly, AI can enable competitors to build better products. Stock price declines are not surprising: an industry relying on long-term lock-ins, lacking competitiveness, and filled with low-quality legacy incumbents is finally facing competition again.


From a broader perspective, almost all existing software is garbage, which is an undeniable fact. Every tool I've paid for is riddled with bugs; some software is so bad that I can't even pay for it (I've been unable to use Citibank's online transfer for the past three years); most web apps can't even get mobile and desktop responsiveness right; not a single product can fully deliver what you want. Silicon Valley darlings like Stripe and Linear only garner massive followings because they are not as disgustingly unusable as their competitors. If you ask a seasoned engineer, "Show me a truly perfect piece of software," all you'll get is prolonged silence and blank stares.


Here lies a profound truth: even as we approach a "software singularity," the human demand for software labor is nearly infinite. It's well known that the final few percentage points of perfection often require the most work. By this standard, almost every software product has at least a 100x improvement in complexity and features before reaching demand saturation.


I believe that most commentators who claim that the software industry is on the brink of extinction lack an intuitive understanding of software development. The software industry has been around for 50 years, and despite tremendous progress, it is always in a state of "not enough." As a programmer in 2020, my productivity matches that of hundreds of people in 1970, which is incredibly impressive leverage. However, there is still significant room for improvement. People underestimate the "Jevons Paradox": Efficiency improvements often lead to explosive growth in overall demand.


This does not mean that software engineering is an invincible job, but the industry's ability to absorb labor and its inertia far exceed imagination. The saturation process will be very slow, giving us enough time to adapt.


Redemption of "Reindustrialization"


Of course, labor reallocation is inevitable, such as in the driving sector. As Citrini pointed out, many white-collar jobs will experience disruptions. For positions like real estate brokers that have long lost tangible value and rely solely on momentum for income, AI may be the final straw.


But our lifesaver lies in the fact that the United States has almost infinite potential and demand for reindustrialization. You may have heard of "reshoring," but it goes far beyond that. We have essentially lost the ability to manufacture the core building blocks of modern life: batteries, motors, small-scale semiconductors—the entire electricity supply chain is almost entirely dependent on overseas sources. What if there is a military conflict? What's even worse, did you know that China produces 90% of the world's synthetic ammonia? Once the supply is cut off, we can't even produce fertilizer and will face famine.


As long as you look to the physical world, you will find endless job opportunities that will benefit the country, create employment, and build essential infrastructure, all of which can receive bipartisan political support.


We have seen the economic and political winds shifting in this direction—discussions on reshoring, deep tech, and "American vitality." My prediction is that when AI impacts the white-collar sector, the path of least political resistance will be to fund large-scale reindustrialization, absorbing labor through a "giant employment project." Fortunately, the physical world does not have a "singularity"; it is constrained by friction.


We will rebuild bridges and roads. People will find that seeing tangible labor results is more fulfilling than spinning in the digital abstract world. The Salesforce senior product manager who lost a $180,000 salary may find a new job at the "California Seawater Desalination Plant" to end the 25-year drought. These facilities not only need to be built but also pursued with excellence and require long-term maintenance. As long as we are willing, the "Jevons Paradox" also applies to the physical world.


Towards Abundance


The goal of large-scale industrial engineering is abundance. The United States will once again achieve self-sufficiency, enabling large-scale, low-cost production. Moving beyond material scarcity is crucial: in the long run, if we do indeed lose a significant portion of white-collar jobs to AI, we must be able to maintain a high quality of life for the public. And as AI drives profit margins to zero, consumer goods will become extremely affordable, automatically fulfilling this objective.


My view is that different sectors of the economy will "take off" at different speeds, and the transformation in almost all areas will be slower than Citrini anticipates. To be clear, I am extremely bullish on AI and foresee a day when my own labor will be obsolete. But this will take time, and time gives us the opportunity to devise sound strategies.


At this point, preventing the kind of market collapse Citrini imagines is actually not difficult. The U.S. government's performance during the pandemic has demonstrated its proactive and decisive crisis response. If necessary, massive stimulus policies will quickly intervene. Although I am somewhat displeased by its inefficiency, that is not the focus. The focus is on safeguarding material prosperity in people's lives—a universal well-being that gives legitimacy to a nation and upholds the social contract, rather than stubbornly adhering to past accounting metrics or economic dogma.


If we can maintain sharpness and responsiveness in this slow but sure technological transformation, we will eventually emerge unscathed.


Source: Original Post Link


Popular coins

Latest Crypto News

Read more