MYX Finance has teamed up with Chainlink to boost its decentralized trading platform with faster and more accurate market data. The move is expected to make trading on MYX smoother, fairer, and more reliable, especially for users involved in perpetual futures, one of the fastest-growing areas in decentralized finance (DeFi).
The integration brings Chainlink’s advanced tools, known as Data Streams and DataLink, directly into MYX Finance’s system. These tools deliver real-time price updates across multiple blockchains in less than a second, giving traders more accurate information when making split-second decisions. In a market where prices can change dramatically within moments, this kind of speed and reliability is a major advantage.
At the center of this upgrade is Chainlink’s proven oracle network, which already secures over $100 billion worth of digital assets on the blockchain. By using Chainlink’s data, MYX Finance ensures that every trade is transparent and verifiable. Traders can now see real-time prices backed by data from reliable sources, reducing manipulation risks. Liquidity providers, those who supply funds for trading, can also manage risks more effectively with better, verified data.
Ryan, the founder of MYX Finance, said this partnership is a big step toward building a truly open and high-performing DeFi ecosystem. He explained that using Chainlink’s infrastructure will help MYX make perpetual futures trading accessible to everyone without giving up decentralization or security.
The collaboration will also open the door to more advanced trading features in the future, including support for multiple types of assets and collateral. This means users could eventually trade not just cryptocurrencies but also other tokenized assets on MYX’s permissionless platform.
While Chainlink’s token (LINK) jumped over 5% to near $20 following the news, MYX Finance’s own token saw a slight drop, falling around 6% to $2.78. Despite that, the announcement highlights strong fundamentals for the project. MYX had previously reached an all-time high above $19 in September before dropping sharply in recent weeks.
Analysts believe that with its new Chainlink integration and improving market sentiment for Bitcoin and Ethereum, MYX could see renewed interest and a potential rebound in the near future.
