TechFlow news, according to The Block, MYX Finance, a decentralized perpetual contract trading platform, launched a new round of token airdrop campaign "Origin Program – Silurian" on July 16. One week into the event, the platform has seen explosive growth across key metrics—MYX daily trading volume exceeded $220 million, Linea chain's single-day trading volume surpassed $66 million, TVL on Linea increased nearly 500% over the past 30 days, and social media gained over 16,000 new followers.
It is reported that MYX Finance’s "Silurian" campaign will distribute 5 million MYX tokens and 5 million ZKP tokens through airdrops. Users can earn gold and silver coins at zero cost via social media engagement, friend referrals, trading activities, and other tasks, then claim their proportional token rewards after the event concludes. During the Silurian period, MYX also introduced long-term airdrop point programs—"Gemstone Mystique" and the "Perpetual Trading Competition"—where users can earn gems by trading or holding $MLP tokens, redeem them for airdropped tokens, and participate in trading on the Linea chain to share a prize pool of 20,000 USDC. Completing just one trade qualifies users for triple rewards from concurrent campaigns. With multiple layers of incentives, this event is expected to drive a new wave of trading momentum for MYX Finance.
As a third-generation innovative DDEX, MYX Finance has rapidly risen within the Perp DEX market since its launch in February, thanks to its pioneering MPM mechanism delivering zero-slippage and low-fee trading experiences. It has been hailed as “the fastest-growing derivatives protocol in history.” Currently, MYX achieves a daily trading volume exceeding $200 million and has attracted extensive attention from both investors and users across the industry. In November last year, MYX secured seed funding at a $50 million valuation, led by HongShan (formerly Sequoia China), with participation from Consensys, Hack VC, OKX Ventures, and others. To date, MYX has established strategic partnerships with leading organizations including OKX, Izumi, zkPASS, and Pyth, continuously expanding value-added services for its ecosystem and users.
