TechFlow news: According to an official announcement from Linea, the Linea Ecosystem Investment Alliance (LEIA) has selected seven initial investment projects from 600 ecosystem participants, with the new-species derivatives protocol MYX among them. LEIA consists of over 50 leading venture capital firms and is dedicated to supporting innovative projects on Linea.
As a leading third-generation decentralized derivatives exchange (DDEX) protocol, MYX overcomes limitations of low capital efficiency through its unique Matching Pool Mechanism (MPM), enabling scalable and low-cost derivative trading on-chain. With a user-friendly experience featuring zero slippage and low transaction fees, MYX has achieved a TVL exceeding $10 million within two months of launch, accumulating $20.2 billion in total trading volume, including a record-high single-day volume of $1.6 billion. Its daily trading volume to liquidity ratio reached 228x, significantly outperforming competitors.
Currently, MYX liquidity providers (LPs) on Linea are eligible for increased LXP rewards, and MYX will soon launch a major incentive campaign to boost user engagement.
