Background Supplement: Binance Alpha Points Conspiracy: Creating an Ecological Flywheel “Farmer Team”?
Binance Wallet has announced that the 15th exclusive Token Generation Event (TGE) will take place on May 6, 2025, from 4 PM to 6 PM (UTC+8). The project for this event is the decentralized project MYX Finance ($MYX). The participation criteria will be “announced before the subscription opens,” and the community estimates that the required Alpha Points may exceed 110 points.
MYX Finance, as a decentralized exchange (DEX) focusing on perpetual contracts on the BNB Chain, has recently shown strong market performance.
Announcement! #Binance Wallet Exclusive TGE is Here Again
15th edition launching @MYX_Finance ($MYX）
⏰ Subscription Time: May 6, 2025, from 4 PM to 6 PM (UTC+8)
Subscription Qualification: Details will be announced before the subscription begins
An additional 40,000,000 $MYX will be used for future marketing activities, with specific details to be announced later
The event entrance will be opening soon, stay tuned ✅
— Binance Chinese (@binancezh) May 5, 2025
Analysis of MYX Finance’s Market Position
MYX Finance has demonstrated a leading position in the field of perpetual contract DEX on BSC. Data shows that its Total Value Locked (TVL), which is the total value of assets locked in the protocol, is currently approximately $35.2M. This figure significantly surpasses its competitors within the BNB ecosystem, such as KiloEx with a $18.5M TVL and Aster with a $22.7M TVL. Furthermore, the adoption rate of the protocol is also steadily increasing, with daily transaction counts reaching about 8,000 by the end of April, marking a 25% increase from previous levels.
