Hyperliquid was the outlier among major perp DEXs as it ended the month about 16% below its peak two months prior.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Liquid, a crypto perp DEX aggregator, has raised $7.6 million in seed funding from investors including Paradigm and General Catalyst.
Berachain has halted its network to perform an emergency hard fork after a Balancer exploit, with losses topping $128 million across chains.
Decentralized exchange trading volume soared to a record $613.3 billion in October, up from around $500 billion in September.
dYdX will not be able to offer perpetual futures trading in the U.S., but said it will look forward to future regulatory changes.
“The fact that other chains are faster or cheaper is irrelevant, in our view,” Standard Chartered’s Geoffrey Kendrick said.
Uniswap is adding DOGE, XRP, and ZEC support through the Universal protocol, which mints and burns tokens to create bridgeable “uAssets.”
Bitget Wallet said it plans on adding Hyperliquid's perpetual trading features onto the wallet system in the coming weeks.
JPMorgan see Coinbase’s Base network growth and upcoming token exploration as a shift toward deeper onchain monetization.
Hyperliquid Strategies, a digital asset treasury firm focused on HYPE, submitted an S-1 filing with the SEC to raise $1 billion.
Bunni said required audits and monitoring expenses alone would cost between six and seven figures to restore operations.
Solana co-creator Anatoly Yakovenko is building an onchain perps DEX, according to detailed documentation posted on GitHub.
The updated protocol is "seamlessly integrated" into all Jupiter products, including its mobile and desktop apps as well as its API and Pro Tools.
This aims to address fragmentation in DeFi especially between Solana and Ethereum ecosystems, Uniswap noted.
Wintermute founder and CEO Evgeny Gaevoy sheds light on the recent crypto wipeout and how market makers deal with such events.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Some users complained about unexpectedly low token allocations quoted by the “S2 airdrop checker” deployed on Friday.
A Hyperliquid user lost about $21 million after a private key leak, with the attacker bridging stolen funds to Ethereum shortly after, per onchain data.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As part of the arrangement, Jupiter plans to “progressively convert” about $750 million of USDC from its Liquidity Provider Pool into JupUSD.
DeFi DEX PancakeSwap has launched its CakePad platform to offer early access to token listings and support its deflationary goals.
Perp DEXs are back in the spotlight. After Hyperliquid’s success, new players are attracting fresh VC attention and capital. Here’s why.
DefiLlama delisted the perpetuals volume data for Aster after finding data that suggests wash trading on the platform.
The milestone represents a 48% surge compared to August's $707.6 billion trading volume, with September's total coming in at $1.05 trillion.
Aster started gaining significant traction after its token launch and subsequent endorsement from Binance co-founder Changpeng Zhao.
The incident saw the price of XPL on Aster surge to more than $4 from around the $1.30 level witnessed on other exchanges.
The mechanism is designed to reduce cross-chain fragmentation and is being adopted by teams including LI.FI and Rhinestone.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
ASTER is valued at over $15 billion following an initial fully diluted valuation (FDV) of $560 million at during its TGE.