MUX Protocol aggregates perpetual crypto markets and uses smart position routing to connect traders with pooled liquidity.

mux.network
MCDEX homepage screenshot

About MCDEX

MUX is a decentralized protocol for perpetual crypto trading accessed through a web app. It aggregates liquidity from perpetuals protocols and its own native pools, and routes orders to suited sources based on market, size, and cost.

Traders can open long and short positions on BTC, ETH, altcoins and meme coins with up to 100x leverage. The platform supports isolated and cross margin modes, automatic route selection, and 1-click trading to open, close or manage positions without signing each transaction. Liquidity providers can supply stablecoins, ETH, WBTC, yield-bearing tokens and other assets, select market and long/short exposure, or use auto-rebalancing portfolio pools and a market-neutral vault.

MUX suits users with experience in leveraged crypto trading and liquidity provision who want aggregated perpetual markets in one interface. Services are not available to Restricted Persons and US Persons, as stated in its Terms & Conditions.

Key features

  • Trade perps with up to 100x leverage
  • Automatic routing across aggregated liquidity sources
  • Isolated and cross margin trading modes
  • 1-click position management without per-transaction signing
  • Supply liquidity with multiple collateral options
  • Auto-rebalancing LP portfolio pools
Best for: Experienced crypto traders and liquidity providers seeking aggregated perpetual markets in a decentralized web app.
Good for
  • Aggregated liquidity from multiple perps sources
  • Supports BTC, ETH, altcoins and meme coins
  • Customizable LP exposure and collateral choices
  • Docs, stats and community channels available
Watch out for
  • Not available to Restricted Persons and US Persons

MCDEX at a glance

Type
Website
Pricing
Not confirmed. Check the site
Platforms
Web
Open source
Not stated
Language
English
Last checked
Oct 5, 2026 · Online when checked
Listed
Oct 5, 2026

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MCDEX FAQ

What is MUX?
MUX is a decentralized protocol that aggregates perpetual crypto markets and routes trades to pooled liquidity sources.
What can you trade on MUX?
You can trade perpetual positions on BTC, ETH, altcoins and meme coins with up to 100x leverage using isolated or cross margin.
Can US users use MUX?
No. MUX states its features and services are not available to Restricted Persons and US Persons.
How does liquidity provision work on MUX?
Users can supply stablecoins, ETH, WBTC and other supported assets to native pools and select market and long/short exposure.
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