Could $MYX potentially reach a 20 billion FDV in the near future?

V3 Research

The article chronicles MYX’s explosive move from $2.09 to $16 within weeks, attributing the rise to new listings, higher volumes and adoption, but cautions the pace of growth suggests an overheated market vulnerable to pullbacks.

AInvest

AInvest contends that whale positioning, derivatives-driven short squeezes and speculative DeFi behavior fuel MYX’s rally, questioning whether a modest $32 million TVL can substantiate its soaring valuation.

CoinMarketCap

CoinMarketCap explains that MYX has a fixed 1 billion token supply used for governance, staking rewards and trading fee discounts, and details the token’s allocation model.

MYX Finance

The official site outlines tokenomics aimed at sustainable growth, allocating 20 % of supply to team and advisors and incentivizing users on its permissionless perpetuals exchange.

Conclusion

Reaching a $20 billion FDV (Fully Diluted Valuation) for MYX in the short term is not unattainable but maintaining this valuation is unlikely given its fundamentals, including a TVL (Total Value Locked) of only $27-32 million and circulating supply at just 20%. This comes with significant volatility risks 8 17 2 27 40 6.

1. Current Valuation Overview

Existing FDV range is $13.88 - $17.66 billion, depending on market peaks 8 17 40.

Circulating supply is 197 million, representing approximately 20% of the fixed 1 billion cap 8 6 3.

A past release of 39 million tokens led to a 58% daily crash, indicating that supply release significantly impacts FDV 25.

2. Fundamental Support Capacity

Protocol TVL is approximately $27-32 million 27 2, with open interest at $4.19 million 40, creating a valuation gap of several hundred times.

Core revenue source is fees from on-chain perpetual contracts; the project claims zero slippage, is community-driven, and endorsed by several institutions 23 20.

Token economics: fixed supply of 1 billion tokens, with team/advisors holding 20%, institutions 17.5%, and 54.7% allocated to ecosystem and community. The system includes burn and staking mechanisms 3 30 38.

3. Catalysts and Upward Drivers

Short-term price movements are driven by exchange listings, V2 upgrades, celebrity endorsements, and short squeeze narratives 1 34 26 41.

High volatility attracts capital, with daily gains up to 279% and short liquidations amounting to $487 million, reflecting strong momentum 17 41.

4. Speculative Dynamics and Downside Risks

Media and community have repeatedly warned of "pump-and-dump" risks and detachment from fundamentals 6 7 32.

Technically, the RSI (Relative Strength Index) once hit 98, signaling overbought conditions, followed by a 58% crash, indicating a history of rapid declines 45.

Derivative leverage leads price discovery, making the system fragile and susceptible to cascading liquidations 15 41.

5. Outlook and Probability Assessment

Only an additional 13–16% increase is needed to reach a $20 billion FDV; momentum trading makes this achievable 17 40.

However, without simultaneous multi-fold increases in TVL, users, and revenue, sustaining high valuations is difficult, and unlocking events, regulatory measures, and liquidity pullbacks could trigger deep corrections 2 25 32.

In summary, MYX has a moderate probability of temporarily reaching $20 billion FDV during speculative windows but is unlikely to maintain stability at that level. High-volatility strategies and strict risk control remain essential.

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5 hours ago