Hyperliquid also maintained its commandingly consistent market share of over 75% in the perps DEX space throughout July.
CurveDAO member phil_00Llama proposed preventing further extensions of the decentralized exchange to additional Ethereum scaling layers.
PancakeSwap processed $188 billion in spot trading volume, maintaining its position as the largest decentralized exchange by spot volume.
Circle will bring native USDC and CCTP v2 to Hyperliquid, shifting the DEX from bridged dollars to directly issued USDC with 1:1 cross-chain transfers.
Hyperliquid patched the API server issue that led to the outage, confirming it was due to a surge in traffic rather than a hack or exploit.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
On the community’s official Discord, a representative stated the service is functioning again and that the issue is under investigation.
Hyperliquid's trading momentum has been substantial, processing over $150 billion in volume during July alone.
Euler Labs has partnered with crypto payments startup Brahma on a new credit card enabling users to make “real-world payments."
The acquisition aims to expand dYdX’s product into social and user-driven trading features as it looks to scale.
Solana-based DEX Raydium has cumulatively spent $190 million to repurchase 69 million RAY, the project noted.
A proposal submitted by the WLFI team on July 9 was approved on Wednesday with 99.94% of voters in support.
One-third of complex cross-chain investigations spanned over three blockchains, with 20% using more than 10, Elliptic finds.
Kamino said it is now "the first major borrow/lend protocol in DeFi to onboard tokenized equities as collateral, marking a major milestone for DeFi."
Hyperliquid Strategies is expected to hold 12.6 million HYPE tokens and $305 million in cash at closing of the deal.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Opyn CEO Andrew Leone and head of research Joe Clark will join the markets team and help expand the exchange's Verified Pools feature.
The hacker exploited GMX's V1 GLP liquidity pool on Arbitrum this Wednesday, draining over $40 million in various cryptocurrencies.
A portion of the stolen funds has already been bridged from Arbitrum to Ethereum.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Phantom's launch allows users to trade perps directly within the popular web3 wallet, powered by Hyperliquid's API.
The Pump.fun team will apparently offer 150 billion PUMP tokens priced at $0.04 worth of USDT with a 1 trillion max supply.
Kuru blends AMM functionality with the central limit order book (CLOB) architecture on the Monad Layer 1 blockchain.
With U.S. policy finally unlocking growth, Santori sees now as the moment to invest in the convergence of the two worlds.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Velodrome has released SuperSwaps, an on-chain tool enabling native cross-chain token swaps across the Optimism Superchain.
One analyst suggests that the current market is driven more by institutional bitcoin buying than by retail investment, impacting CEX volume.
DEX dominance is up considerably from the 6.84% high recorded last month and from just 4.78% this time last year.
The latest version of the platform uses OneBalance’s chain abstraction toolkit to "eliminate the concepts of ‘chains,’ ‘bridges’ or ‘native gas fees.'"