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MYX Finance sinks 33%, yet TVL hits $27.6M ATH – Here’s how
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AMBCrypto
Rising TVL, record protocol revenue, and a positive funding rate suggest bullish momentum may be building.
AMBCrypto analysis shows that the fall was driven by a steep decline in market funding rates, which dropped significantly to a negative 0.0033%.
This suggests that short traders are now paying more in funding fees, highlighting a shift in sentiment across the derivatives market.
Protocol growth still in placeThe recent market drawdown has not reflected the on-chain activity or performance of the protocol.
The Total Value Locked (TVL), which measures protocol growth, has continued to increase, hitting an all-time high of $27.6 million, according to the latest data from DeFiLlama.