Recently, the MYX project has attracted some attention in the cryptocurrency market, with some believing it could be a strong competitor to HYPE. However, after in-depth analysis, we found significant differences between the two.

Although MYX has indeed launched a basic version of the product, its biggest shortcoming lies in the lack of on-chain transparency. This key factor could severely affect MYX's long-term development prospects.

In the current market environment, contract trading platforms have become saturated, and the strong on-chain performance of HYPE may put pressure on the market value of MYX. Considering these factors, the high valuation of MYX is likely to be difficult to maintain, and its popularity may quickly cool off in the short term.

In this case, investors may need to shift their attention to other more promising projects. Closely monitoring market dynamics and seeking new investment opportunities may be a wiser choice.

The cryptocurrency market is constantly changing, and investors should remain vigilant, conduct thorough research, and assess risks. The case of MYX reminds us once again that in this rapidly evolving field, technological innovation and market transparency are key factors for a project's success.