On January 9, the derivatives protocol MYX Finance announced the official launch of its "first killer feature" for 2025—Seamless Trading.
Recently, the news of MYX Finance's upcoming TGE has sparked much discussion in the crypto community. As the fastest-growing multi-chain Perp DEX in 2024, MYX Finance has launched many innovative products this year. With the arrival of the new year 2025, the launch of "Seamless Trading" as MYX Finance's debut, pioneering, and exclusive feature at this time undoubtedly represents a significant enhancement by the team ahead of the TGE.
What is "Seamless Trading"?
In trading scenarios, whether on Uniswap, Hyperliquid, or any DEX, before placing an order, users must first authorize their wallet login, check if they have enough Gas fees (like ETH), and then place the order and confirm the signature. If switching from a computer to a mobile device or wanting to trade again the next day, this process must be repeated. The crypto market is inherently fast-paced, and while this "process" is not exhausting, it is indeed cumbersome.
"Seamless Trading" is MYX Finance's solution to this problem. Through "crypto abstraction" technology, MYX Finance's "Seamless Trading" integrates the security of DEXs with the usability of CEXs—eliminating the cumbersome operations of traditional DEXs through fully decentralized underlying technology. MYX Finance users only need to click "Seamless Trading" and authorize with one click to enjoy a trading experience that is completely equivalent to that of a CEX.
Specifically, MYX Finance brings users unprecedented conveniences:
One-time authorization, no repeated confirmations: After logging into their wallet on MYX Finance, users only need to click once to authorize "Seamless Trading" to activate the feature. After this, the trading process is entirely similar to placing an order on a CEX, without the need for repeated authorization confirmations.
Trade anytime, anywhere: Once "Seamless Trading" is activated, users can log in through the App, Telegram, or any browser to start trading directly, without the need to switch wallets for cumbersome authorizations.
No Gas trading: On MYX Finance, all trades do not require pre-stored Gas fees; as long as there is USDC in the account, the system will automatically deduct based on the average Gas fee over the past few weeks.
Zero threshold for use: MYX Finance is particularly friendly to traditional Web2 users and ordinary CEX users. The threshold and complexity of using on-chain products are much higher than those of CEXs. Wallet registration, trading authorization, staking, and withdrawal are all unfamiliar operations for CEX users. By integrating with Particle Network, users can now register directly with their phone number/email/Twitter or other social media accounts on MYX Finance, automatically generating an on-chain wallet after registration, and then authorizing "Seamless Trading"—allowing users to enjoy the same experience as on a CEX.
Professional trader friendly: The Seamless Key, like an API key, allows professional traders or automated systems to trade on behalf of users with their authorization.
Comparison of Similar Trading Features in Leading CEXs and DEXs
"Seamless Trading" can be said to be a pioneering, unique, and exclusive product feature of MYX Finance. Before MYX Finance, some DEXs had launched one-click trading or similar products. Although they may seem similar, based on my experience, I believe there are still some gaps in usability, complexity, and decentralization compared to MYX Finance's "Seamless Trading."
| Trading Platform | Type | Feature Name | Requires Pre-stored Gas Fee | Usability | |------------------|------|--------------|------------------------------|-----------| | Binance | CEX | None | No | Extremely easy to use | | Uniswap | DEX | None | Yes | Quite cumbersome | | Hyperliquid | DEX | Persist Trading Connection | Yes | Requires manual selection of options, relatively easy to use | | GMX | DEX | One-click Trading | Yes | Requires manual selection of settings, relatively easy to use | | MYX Finance | DEX | Seamless Trading | No | Only requires one-time authorization, extremely easy to use |
We can directly compare MYX Finance with the recently popular Hyperliquid and GMX.
Hyperliquid customizes various options for users, such as "skip buy/sell confirmation" and "maintain trading connection." After logging in, users still need to study the functions and risks of this series of options and still need to pre-store Gas fees—this feature setup is quite cumbersome for Web2 or CEX users, making it unappealing.
GMX's "One-click Trading" has a core logic similar to Hyperliquid. After users choose to enable this feature, they still need to set the maximum allowed number of trades, initial deposits (fees), etc., which is "semi-manual and semi-automated." The cognitive threshold for users is still quite high, and it is not particularly convenient to use.
In contrast, MYX Finance's "Seamless Trading" provides users with a "foolproof one-click experience." After logging into their wallet and authorizing "Seamless Trading," users only need to set a password to activate the feature—after that, as long as there is USDC in the wallet, they can trade anytime without setting complicated options, and can switch devices/webpages without affecting the trading experience, truly achieving a 1:1 CEX experience on-chain.
How does "Crypto Abstraction" integrate CEX usability with DEX security?
MYX Finance's "Seamless Trading" feature provides on-chain users with a CEX-level experience—after one-click authorization, the learning and usage logic for users is no different from that of a CEX—this is a boon for traditional Web2 users, allowing them to enjoy the decentralization and asset security of on-chain trading while trading conveniently and quickly, without changing their usage habits.
According to the technical introduction disclosed by MYX Finance (hyperlink here), to achieve "Seamless Trading," MYX Finance has made many original designs. In simple terms, it mainly relies on "crypto abstraction" technology—users first generate a "Seamless Key" by signing with their main wallet, which is used to set trades without paying Gas fees. The main wallet authorizes this key for MYX trading, and all transaction fees are supported by MYX's relay service; users only need to deposit USDC to start trading. Each trade is locally signed with the "Seamless Key" and broadcasted by the relay service, ensuring security and no Gas fees. The user's temporary wallet will be automatically destroyed at the end of the session or after a long period of inactivity, ensuring the security and privacy of assets.
It is worth emphasizing that while providing trading convenience, MYX Finance's "Seamless Trading" offers multiple security guarantees for user assets from the underlying design:
Unique Order Nonce: Each Seamless Key is assigned a unique order nonce in MYX's smart contract, ensuring trades are processed in the correct order and preventing replay attacks.
Trade Validity Period: By setting a trade validity period, trades are limited to a certain timeframe, and expired trades will be rejected.
Asset Isolation of Seamless Key: The Seamless Key itself has no assets, making it economically unprofitable to attack. Even if the private key is exposed, the user's assets remain securely stored in the main wallet.
It is not an exaggeration to say that "Seamless Trading" is a significant breakthrough in the current DEX space. By innovatively abstracting "cryptography," it has achieved an unprecedented alignment of usability, security, modularity, and scalability, breaking down the barriers between CEXs and DEXs, allowing users to easily participate in on-chain trading.
Currently, the news of MYX Finance's upcoming TGE in the first quarter of 2025 has spread widely within the community. The launch of this "Seamless Trading" feature not only adds fuel to the TGE but also serves as a product "ballast" in preparation for the next wave of user base growth. In 2024, MYX Finance has already become the fastest-growing multi-chain Perp DEX of the year. In 2025, as the crypto market and sentiment far exceed those of 2024, MYX Finance is bound to experience a significant influx of traffic and user growth after the TGE, continuing to compete with protocols like dYdX and Hyperliquid for market share—at that time, the wealth effect brought by its TGE will also be highly anticipated.
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