Core Insights - MetaMask has launched perpetual futures trading within its mobile app, challenging centralized exchanges [1][2] - The new feature, "MetaMask Perps," allows trading of over 150 tokens with up to 40x leverage while maintaining control of private keys [1][3] Product Features - Users can open long or short positions on popular tokens like Bitcoin and Ethereum without leaving the app [2] - Funding can be done using any EVM-compatible token, which is automatically converted to USDC for trading without additional swap fees [2][3] - The mobile interface includes instant trade execution, live market charts, and risk management tools such as stop-loss and limit orders [3][4] Trading Performance - Trades settle within seconds, enabling users to react to price movements quickly [4] - Users must update to MetaMask Mobile version 7.56 or later to access the new "Perps" tab [4] Market Context - The launch aligns with increasing demand for decentralized perpetuals, with trading volumes exceeding $1.14 trillion in September [5] - Hyperliquid, the platform powering MetaMask's new feature, recorded over $59.5 billion in trading volume on September 25 [5] Competitive Landscape - MetaMask's entry into the derivatives market comes amid rising competition, with Phantom Wallet and Kraken also launching similar features [6][7]

Core Insights - MYX, the native token of MYX Finance, has surged over 200% in the past 24 hours, reaching a price of $17.75 from approximately $6.28, making it the biggest gainer on September 9 [1] - The market capitalization of MYX has exceeded $2.1 billion, positioning it among the top 50 cryptocurrencies, while its fully diluted valuation is above $17.7 billion, ranking it among the 30 largest digital assets [2] - The price increase has led to significant liquidations in the crypto market, with traders betting against MYX losing $48.7 million, surpassing liquidations in Ethereum and Bitcoin [3] Market Activity - The uptrend in MYX has resulted in a more than 100% increase in derivative trading volumes, exceeding $11 billion, making it one of the top five most traded tokens in the last 24 hours [4] - This trading volume is five times higher than Cardano's ADA and $4 billion higher than XRP [4] Market Sentiment - The rapid price growth of MYX has raised skepticism among market observers, with some suggesting that the spikes resemble manipulation rather than genuine demand [5] - Contrarily, others argue that the rally indicates a growing interest in decentralized perpetuals, comparing MYX's performance to that of Hyperliquid, a leading on-chain derivatives venue [5] Company Overview - MYX Finance operates a decentralized perpetual exchange on the BNB Chain, utilizing a "Matching Pool Mechanism" to minimize slippage and facilitate trades across multiple blockchains [6] - The platform has attracted over 177,000 traders, processed a lifetime volume of $95.6 billion, and locked a total value of $59.3 million [6]