Consensus invests in MYX, intensifying competition in the Perp DEX track

Wow, @ Consensus, the parent company of Little Fox Wallet, has led the investment in Perp DEX @ MYX_Finance, becoming MYX's largest shareholder. Previously, when the daily trading volume of Hyperliquid reached 12% of Binance, we discussed that the Perp DEX track would become the next "battleground" among giants. However, at present, it seems that this time point may come faster than we expected. At present, Hyperliquid is the leader in the Perp DEX track, with a daily trading volume accounting for 30% of the Perp DEX track. Compared to Binance, the leader in CEX, its daily trading volume is approximately 1.5%. This scale is not low in any dimension and is equivalent to a mainstream CEX on the front line, so Binance has also supported Aster to compete with Hyperliquid. At the beginning of the 26th year, the Perp DEX track has added another giant Consensys to the competition. If everyone was discussing who would ultimately win this track before, MYX's name may not be on the list. However, with Consensys now becoming the largest shareholder of MYX, this pattern has changed, and everyone should start considering the possibility of MYX. Not to mention anything else, as the biological son of Consensys, if Little Fox gives MYX a nuclear bomb in his wallet, there is too much room for imagination. And this possibility is actually not small, after all, wallet tools and Perp DEX are naturally complementary: Little Fox, as the largest wallet tool, can import huge traffic to MYX, while MYX, as a Perp DEX application, further promotes wallet daily activity and stickiness. As for the user experience, there is not much difference between MYX and Hyperliquid. Both have a more user-friendly clearing mode, leverage ratio, zero slippage, zero gas, and more than CEX. If we talk about the difference, the most likely one is that which coin on Hyperliquid is determined by the project team, just like CEX. MYX, on the other hand, is more Web3: the permission to list coins is in the community, and the community can go online without permission through the oracle. The advantage is that there is no need to go through the MYX project to list any coins, and popular tokens can be launched in the first time, with better efficiency in tracking hotspots. Overall, Consensys becoming the largest shareholder of MYX may be to supplement its own trading chain (nodes → wallets → DEX → Perp DEX), or it may simply be bullish on the Perp DEX track. Anyway, the entry of Consensys will definitely accelerate the development speed of the Perp DEX track. We are likely to see an increasing proportion of Perp DEX and fierce competition in the entire crypto derivatives market (CEX+DEX) by 2026. But if there are currently no players in a leading position or supported by giants, they may be the first to be washed off the table.