With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
In the rapidly evolving landscape of digital finance, Ethereum is quickly establishing itself as the primary infrastructure for global on-chain capital markets. From tokenized bonds and money market funds to institutional liquidity rails, the world’s capital is beginning to migrate to an ecosystem where transactions are programmable, auditable, and borderless. Why Is Ethereum Chosen As The Default Choice For Global Rails The global capital markets are moving on-chain to Ethereum because it is credibly neutral. ETH has never experienced downtime, and it possesses the economic security necessary to support the world’s financial system. Investor and founder of GM42NFT, Captain GM, has stated that ETH is not fast enough to support trading because it wasn’t built for it. Related Reading: Ethereum Price Falls 25% But On-Chain Data and Institutional Staking Signal Q4 Recovery Potential However, the attempts to build a genuinely fast on-chain trading environment have consistently led teams to centralize significant parts of the trading system. This move creates security, reliability, and neutrality concerns for a system designed to be global. These compromises are in direct conflict with the very benefits that ETH provides, and make it the chosen blockchain for global finance. This is where Raya Network steps in to solve these issues at the core. Raya is delivering a decentralized exchange (DEX) with institutional-grade execution speed and Ethereum-level security. It’s a platform that is as fast as TradFi and remains simultaneously secure, reliable, and credibly neutral as exactly DeFi should be. “Fast is easy, decentralized is hard, and it’s only Reya that does both,” Captain GM noted. Analyst Alucard mentioned that the Raya network has become one of the few projects that genuinely solves the speed and security problem. The sub-millisecond execution speeds, trades are fully verified on ETH, and there’s no dependence on a single sequencer. This is an engineered combination designed for real progress in the space. However, over 45% of the token supply is allocated to the community. Reya, combined with the ETH buyback mechanism, creates an ecosystem that’s aligned both technically and economically. They’re building something fast and secure, and because of that, Reya sits in a different category. Why Reya’s Design Feels More Like A New Standard Than Another DEX A trader and ambassador of Somnia, Onur, has also explained that his experience with Reya feels like a full redesign of on-chain execution rather than a small improvement. It offers sub-millisecond fills, unified margin, Ethereum security with ZK settlement, and smooth flow through EigenDA. Related Reading: Ethereum Price Attempts Fresh Recovery as Bullish Pressure Builds According to Onur, the peer-to-pool model keeps trades consistent, efficient, and free from bottlenecks or hidden edges. As a result of this approach, Reya isn’t just another venue anymore, and it’s actively becoming the new execution standard for DeFi. Featured image from Peakpx, chart from Tradingview.com
Coinbase spent 2025 positioning itself as the infrastructure layer for retail crypto access, absorbing teams and technology that could accelerate its “everything exchange” vision. A Nov. 21 announcement that it acquired Vector.fun, Solana’s fastest-moving DEX aggregator, fit the pattern: acquire the rails, sunset the product, integrate the speed. But the deal carved out an unusual […]
The post How Coinbase’s latest deal turned a 10X token boom into a costly lesson for retail traders appeared first on CryptoSlate.
The move comes amid new regulations from Brazil's central bank, requiring crypto firms to be licensed and report international transactions.
Dromos Labs announced a major overhaul of its decentralized exchange infrastructure with the launch of Aero, a unified trading system that will merge its existing platforms across its networks.
Terminal Finance, a decentralized exchange incubated by Ethena Labs, has attracted $280 million in deposits before launch.
Perpetual decentralized exchanges (perp DEXes) registered $1.049 trillion in monthly volume as of Oct. 24, marking the first time on-chain derivatives markets crossed the $1 trillion threshold and establishing a new benchmark for decentralized trading infrastructure. DefiLlama data shows roughly $1.241 trillion in 30-day volume as of Oct. 24. Yet on-chain open interest stands at […]
The post Decentralized exchanges surpass $1 trillion monthly volume as volatility spikes appeared first on CryptoSlate.
On-chain perpetual-focused decentralized exchanges have surpassed $1 trillion in total trading volume this month.
The team cannot afford the cost of relaunching the protocol, which would require significant investment in audits and development.
An Amazon Web Services disruption on Oct. 20 knocked out MetaMask and other ETH wallets displays and slowed Base network operations, exposing how cloud infrastructure dependencies ripple through decentralized systems when a single provider fails. AWS reported a fault in its US-EAST-1 region starting at 03:11 ET, with DNS and EC2 load-balancer health monitoring failures […]
The post Why did MetaMask show $0 on Ethereum when AWS went offline? appeared first on CryptoSlate.
This could simplify the user experience, removing the need to use complex bridges or switch between different wallets and applications
Nansen and Sanctum have launched a new liquid staking framework on Solana designed to make staking SOL as easy as swapping a token. The system, dubbed the “universal staking router”, links multiple liquid staking tokens (LSTs) such as mSOL, jitoSOL, and bSOL into one standardized route. Instead of users choosing individual validators or juggling different […]
The post Can Solana’s $11.6B staking reboot pull liquidity from Ethereum’s L2s? appeared first on CryptoSlate.
Hyperliquid’s HIP-3 opens perpetual futures listing to anyone willing to stake $20 million. The question isn’t whether this democratizes the DeFi, but whether the safeguards can handle what comes next. Hyperliquid launched HIP-3 on mainnet in October 2025, introducing a model where any builder can deploy perpetual futures markets without committee approval. Deployers must stake 500,000 […]
The post Anyone can now create Hyperliquid perp contracts with $20M: Is DeFi about to break? appeared first on CryptoSlate.
Changpeng Zhao (CZ) detailed the accidental rise of Chinese memecoins on BNB Chain and explained why Aster’s hidden orders provide a structural advantage over Hyperliquid. During his Oct. 10 interview with CounterParty TV, the former Binance CEO attributed BNB’s recent meme explosion to an unplanned Mid-Autumn Festival post and outlined his investment thesis, favoring privacy-focused […]
The post CZ says Aster’s privacy beats Hyperliquid’s transparent order books appeared first on CryptoSlate.
The livestreaming feature lets creators broadcast trades, accept token donations, and reward viewers via its Hypercore protocol
Decentralized exchanges (DEX) registered $1.43 trillion in spot volume during the third quarter, marking the strongest quarterly performance on record and signaling a structural shift in how crypto markets establish prices. The figure represents a 43.6% increase from the $1 trillion registered in the second quarter, and surpasses the previous record of nearly $1.2 trillion […]
The post Decentralized exchanges post record $1.43T Q3 volume: What it means for price discovery? appeared first on CryptoSlate.
Coinbase has introduced decentralized trading to nearly all its U.S. customers, broadening access to one of its most ambitious products yet. The company confirmed on Oct. 8 that its decentralized exchange (DEX) service is now live inside the main Coinbase app for users across the country, except those based in New York, where state regulations […]
The post Coinbase brings DEX trading to US users as CEXs go DeFi appeared first on CryptoSlate.
The Pi Network (PI) community is heating up after a major announcement revealed that new Decentralized Finance (DeFi) features are now live on the Testnet. With the cryptocurrency currently trading around $0.26 after crashing severely in the past few months, the report of new upgrades raises the question of whether these developments could trigger a strong enough comeback to spark a 900% rally back to $2.98. Could Pi Network’s New DeFi Upgrades Spark A Rally? Pi Network’s price faced a devastating correction over the course of eight months, plunging from its February peak of $2.98 to just around $0.26 today. The decline erased more than $18 billion in value in just six months, sparking rugpull accusations as heavy sell-offs from whales and rapidly shifting sentiment drove the market into a downward spiral. Related Reading: Pi Network Price Crashes 88% Since Launch, New Developments Say Further Decline Is Coming At current levels, the cryptocurrency would need a near tenfold rally to revisit its all-time high. Such a rebound is theoretically possible in crypto markets, where significant developments often drive exponential gains. However, with the PI price down more than 85% from peak levels, a surge of that scale remains uncertain. Despite its decline, optimism has resurfaced following Pi Network’s latest ecosystem updates, which could signal a shift from speculation toward sustainable utility. According to the Pi Core Team on X social media, the launch of the Pi DEX, AMM liquidity pools, and token creation tools on Testnet marks the beginning of the cryptocurrency’s new DeFi era. These tools allow Pioneers to swap tokens, provide liquidity, mint test tokens, and explore DeFi mechanics in a safe testing environment. The team noted that the rollout is designed to educate and prepare the community for a full-scale Mainnet DeFi launch where real PI tokens could power transactions and liquidity. They also stated that Pi Network’s vision is to fuel long-term, sustainable Web3 growth through its system designed for utility, apps, and real-world use cases. They added that this vision of steady value appreciation is supported by PI’s infrastructure, KYC-verified global community, Pi wallet and ecosystem apps, .pi Domains, Oi Ad Network, staking, and more. A Deeper Dive Into Pi Network’s DeFi Revolution Pi network’s DeFi expansion, unveiled by founder Dr Chengdiao Fan at the TOKEN2049 global conference in Singapore, represents a strategic pivot toward creating tangible value within its blockchain ecosystem. According to the network’s official blog post, the launch of the Pi DEX and AMM pool will enable the community to build their own DEX and AMM interfaces in a secure testing space. The team noted that this function remains restricted on the Mainnet at this time and is invalid for use or any other purposes. Related Reading: Pi Network Price Crashes To All-Time Low After Latest Announcement — Details Token creation capabilities on the network will also enable developers to mint test tokens on Pi Testnet, simulating app-level economies, community reward systems, and service-based tokens. When the feature transitions to Mainnet, the blog post highlights that strict guidelines will ensure only utility-driven tokens, not empty incentive mechanisms such as meme coins, are approved. This reduces speculative risks and encourages sustainable growth. Featured image from Adobe Stock, chart from Tradingview.com
Welcome to Slate Sunday, CryptoSlate’s weekly feature showcasing in-depth interviews, expert analysis, and thought-provoking op-eds that go beyond the headlines to explore the ideas and voices shaping the future of crypto. Ask 1inch co-founder Sergej Kunz about where DeFi is headed, and you’ll get more than just your standard answer about financial inclusion or a hedge […]
The post The ultimate battlefield: 1inch cofounder Sergej Kunz is coming for centralized exchanges appeared first on CryptoSlate.
Pi Network has rolled out two new capabilities on its testnet, including a decentralized exchange (DEX) and an automated market maker (AMM), according to a Sept. 30 statement. These additions create a sandbox for token swaps, liquidity pools, and other DeFi experiments without putting the mainnet at risk. The update arrives as the Pi Coin faces […]
The post Pi Network arms its testnet with a DEX and AMM for DeFi innovation appeared first on CryptoSlate.
Aster, the decentralized perpetuals exchange with backing from Binance founder Changpeng Zhao, generated more revenue than Tether in the last 24 hours. According to DeFiLlama data, Aster ranked as the highest revenue-generating protocol in the past 24 hours, surpassing Tether and Circle, the two leading stablecoin issuers. Over the last week, the exchange recorded roughly […]
The post Did a DEX just beat Tether on daily revenue? Inside Aster’s $185B week appeared first on CryptoSlate.
The road ahead for Hyperliquid does not look so bright. In fact, the decentralized trading platform could face lots of tribulations, “painful” ones, according to an expert. Related Reading: Bitmine’s Ethereum Appetite Grows With Fresh $70 Million Buy Aster, a new DEX built on the BNB Chain, has grabbed market attention this week after a dramatic price surge and heavy on-chain flows. Traders and observers say the token’s spike has shifted capital away from established rivals, while heated commentary from a high-profile trader has added to the drama. Aster Surpasses Rivals In Volume And Revenue According to on-chain trackers, Aster’s 24-hour perpetual trading volume has climbed into the tens of billions, with figures reported around $23–$30 billion — more than double what Hyperliquid recorded over the same window. Reports have disclosed that the DEX is now pulling in roughly $10 million in daily revenue, a figure that some outlets say is about four times Hyperliquid’s daily take. Trader Claims And A Public Feud Crypto trader James Wynn — a figure known for large leveraged bets and big losses earlier this year — has publicly backed Aster and predicted a long, slow decline for Hyperliquid. Furthermore, CZ will not stop until $ASTER is #1. He loves competition, he loves building and he is obsessed with winning. Hype will exist, but it will have a slow and painful death in my opinion. With Aster already doing more volume than HL. And with Aster being the better… https://t.co/VhncTh28od — James Wynn (@JamesWynnReal) September 24, 2025 Wynn’s comments, carried across social channels, have been part boast and part critique of Hyperliquid’s visible order model. He argued that Aster’s hidden-order and MEV-mitigation features make it a safer place for large players. Based on reports, Wynn said “Hype will exist, but it will have a slow and painful death,” a line that has amplified the rivalry online. Whale Accumulation And Big Withdrawals On-chain analytics show major wallets moving into ASTER. Two large buyers are reported to have picked up about 118 million ASTER, valued at roughly $270 million, which is said to represent about 7% of circulating supply. In the same stretch, a cluster of wallets withdrew 68 million ASTER (about $156 million), and one address moved 50 million ASTER from an exchange. These flows suggest both aggressive accumulation and repositioning by big holders. Aster’s Product Pitch Versus Hyperliquid’s Response Reports emphasize Aster’s features: MEV-free execution, hidden orders that keep limit sizes private, and trading interfaces pitched at both retail and pro users. Related Reading: From $2 Trillion To $400T? CEO Sees Bitcoin Exploding 200x – Here’s More That product story helps explain why some traders are rotating capital. Hyperliquid has not stood still; it has rolled out measures such as a USDH stablecoin and other moves meant to shore up liquidity and product breadth. Market data show HYPE has fallen from recent peaks — with declines reported near 25% from its highs — as money rotated into ASTER. Featured image from SleepApnea.org, chart from TradingView
Aster climbed to a new record high on Tuesday after the decentralized derivatives platform overtook Hyperliquid in trading volume for the second day in a row. DefiLlama data shows that on Sept. 24, Aster, formerly ApolloX, handled more than $23 billion in perpetual futures trades, more than double Hyperliquid’s $10 billion on the same day. […]
The post Aster continues meteoric rise to news highs, USDF grows 4x in a week appeared first on CryptoSlate.
"Orderly One" allows a perp DEX to be built in a matter of minutes without requiring the writing of any lines of code, Orderly said.
Decentralized exchange platform Hyperliquid is weighing a sweeping proposal that could reshape its tokenomics. The plan, introduced on Sept. 22 by DBA investment manager Jon Charbonneau and pseudonymous researcher Hasu, calls for a 45% reduction in the total supply of HYPE. Charbonneau and Hasu argue that Hyperliquid’s current setup distorts valuation metrics, leaving the protocol […]
The post Hyperliquid plan to cut HYPE supply by 45% amid $12 billion unlock panic appeared first on CryptoSlate.
Arthur Hayes, chief investment officer at Maelstrom and co-founder of BitMEX, sold 96,600 Hyperliquid (HYPE) tokens for roughly $5.1 million, less than three weeks after his bullish prediction about the asset. Over the weekend, reports emerged that the crypto entrepreneur sold his entire stash of the decentralized exchange platform’s native token, sparking concerns about his […]
The post Why Arthur Hayes sold $5.1 million HYPE tokens because of $12B Hyperliquid concern appeared first on CryptoSlate.
Binance founder Changpeng Zhao has backed Aster (ASTER), a new decentralized derivatives platform that aims to challenge Hyperliquid’s dominance in the sector. In a Sept. 19 post on X, Zhao revealed that Aster had become the largest holder of BSC-USDT, apart from Binance’s own hot wallet. According to Arkham Intelligence data, Aster’s wallet holds $131 […]
The post Binance founder CZ champions Aster amid impressive token debut appeared first on CryptoSlate.
Circle has rolled out native USDC and its upgraded Cross-Chain Transfer Protocol (CCTP v2) on Hyperliquid’s HyperEVM network. Announced on Sept. 16, the integration allows HyperEVM users to transfer USDC across over a dozen supported networks. The move also lowers the barriers for developers, traders, and service providers seeking smoother cross-chain movement of digital dollars. […]
The post Circle brings native USDC to Hyperliquid as volume breaks 14% of Binance trades appeared first on CryptoSlate.
Decentralized derivatives exchange Hyperliquid has consistently outperformed traditional finance giants in terms of volume and net income. DefiLlama data estimates Hyperliquid’s annualized net income at $1.24 billion as of Sept. 12, exceeding Nasdaq’s $1.12 billion net income for the entirety of 2024 by 11%. The comparison positions the DeFi platform ahead of one of the […]
The post Hyperliquid tops Nasdaq’s 2024 net income, beats Robinhood’s trading volume 4 months in a row appeared first on CryptoSlate.
AVNT posted a 43.3% price increase over the past 24 hours to record a 78% recovery from its bottom, despite continued sell pressure from its recent airdrop. Avantis airdropped AVNT tokens on Sept. 9 at a starting price of $0.488, but immediate selling activity from airdrop recipients seeking liquidity drove the token lower. The sell-off […]
The post Avantis AVNT token rebounds 78% from bottom driven by strong fundamentals appeared first on CryptoSlate.