MYX Finance (MYX) experienced a 17% price increase following its announcement of record-breaking Q4 revenue and fee income. The platform reported revenue of $24,329 and fee income of $81,651. Additionally, derivatives trading volume increased by 23% to $46.17 million, with positive funding rates suggesting a dominance of long positions.
Despite the surge, liquidity is concentrated around the current price, indicating potential volatility. However, market activity remains stable, with a total value locked (TVL) of $23.47 million, suggesting a calm trading environment.
MYX Finance Price Jumps 17% on Record Revenue and Fee Income
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