MYX Finance integrates Chainlink to power permissionless perps

2025-10-27 12:29

MYX Finance has announced its integration with Chainlink’s robust data infrastructure, with a key move set to enhance the decentralized finance platform’s capabilities for permissionless perpetual futures trading.

Collaboration between MYX Finance and Chainlink comes as protocols eye the oracle provider’s solutions to power the next generation of digital assets adoption.

Real-time, verifiable market data across multiple blockchain ecosystems is a critical component of this, and MYX Finance has its eyes on tapping into this ecosystem.

MYX Finance taps into Chainlink for perps trading

MYX Finance, a leading non-custodial decentralized derivatives exchange specializing in perpetual contracts, has seamlessly integrated Chainlink’s Data Streams and DataLink solutions.

This partnership enables sub-second price updates and high-fidelity data accuracy for perpetual trading on Ethereum Virtual Machine-compatible chains.

Fundamentally, this means a trading platform with improved execution speeds and reliability, aspects that are key in volatile markets.

What’s at stake?

At the core of this integration is Chainlink’s battle-tested oracle network, which has already secured over $100 billion in on-chain value.

For traders, the implications are clear: every order becomes auditable in real-time, fostering trust in an ecosystem often plagued by opacity.

Meanwhile, liquidity providers can calibrate risk models with precision, drawing on verifiable feeds that mirror off-chain benchmarks.

Ryan, Founder of MYX Finance, emphasized the strategic importance of this move:

“Upgrading to the Chainlink data standard strengthens MYX’s commitment to transparent, high-performance on-chain trading.”

He highlighted how the integration aligns with the platform’s vision of democratizing access to sophisticated derivatives without sacrificing decentralization or security.

“Through Chainlink, we’re making real-time perpetual markets accessible to everyone — permissionless, provable, and ready for the next era of DeFi.”

The integration paves the way for fully composable perpetual markets.

This includes support for any asset class with an existing automated market maker (AMM) liquidity source, alongside advanced features like chain abstraction and multi-collateral margining.

MYX Finance price outlook: MYX pares gains despite crypto bounce

Chainlink and MYX Finance’s announcement of a major integration coincides with gains for most altcoins, including Chainlink. However, as LINK jumped more than 5% to near $20, MYX Finance’s price was down nearly 6%.

The token bucks the trend across the broader cryptocurrency market, where a rebound has seen Bitcoin top $116,000, Ethereum target $4,200 and Solana break above $200 with gains to intraday highs of $205.

The MYX token saw notable short-term gains when it exploded to an all-time high above $19 in September.

However, with “Uptober” fading across the market, the token’s value has tanked by more than 75% in the past month and is down over 95% since its all-time peak.

As of October 27, 2025, MYX trades near $2.78, with daily volume up 9% to reflect modest selling pressure.

Despite the retreat, key integrations such as that with Chainlink signal robust fundamentals and anticipated momentum for Bitcoin and Ethereum could help its upward trajectory.

The post MYX Finance integrates Chainlink to power permissionless perps appeared first on Invezz

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