The round was co-led by GRVT’s tech partner ZKsync and Further Ventures, an investment firm backed by Abu Dhabi's sovereign wealth fund.
The move comes shortly after Native Markets was tapped to issue a Hyperliquid-aligned and compliant USD stablecoin, USDH.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Derive co-founder Nick Forster argues the token mint is necessary for the onchain exchange to compete with industry leader Deribit.
Onchain sleuth ZachXBT said the victim is likely THORChain founder John-Paul Thorbjornsen, who had $1.35 million stolen this week.
The project, co-founded by an early Hyperliquid backer, has raised eyebrows amid rising competition among suitors.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Paxos faces stiff competition from other bidders looking to become USDH's issuer, including Frax Finance, Agora, Ethena Labs and Sky.
The $8.4 million has been funneled through Tornado Cash, while Bunni offers 10% of the stolen funds if the attacker returns the remainder.
The entity, named “DUNI,” is designed to support off-chain operations while preserving Uniswap’s decentralized governance.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Hyperliquid recorded a record-breaking month in August, with its revenue and trading volume reaching all-time highs.
Pump.fun’s daily fees have crossed $1 million early August despite dwindling Solana DEX activity, allowing the protocl finance more token buybacks.
Whale activity drove a 2.5x price spike on Hyperliquid's XPL pre-launch market, sweeping liquidity and triggering liquidations.
The launchpad's first-week revenue quickly established Heaven as a significant competitor to Pump.fun.
GMX said the $44 million distribution will be issued in GLV, also pledging a $500,000 incentive pool to users that keep their allocated GLV.
Coinbase has relaunched its Stablecoin Bootstrap Fund after nearly six years to increase stablecoin liquidity in DeFi.
Perpetual trading DEX Extended has gone live on Starknet, offering more than 50 pairs and up to 100x leverage.
The proposal calls for $16.5 million worth of UNI to be transferred to the new legal entity to settle tax obligations with the IRS and fund legal cases.
Users will be able to trade on DEXes such as Aerodrome and Uniswap without having to leave the Coinbase app.
Over 100 investors backed Euphoria’s funding round, including VCs like Karatage, Figment Capital, and Robot Ventures.
REX is now live on Linea, the Ethereum Layer 2 network founded by Consensys, with a decaying fee mechanism.
The vast majority of trading, $1.94 billion, has taken place on centralized exchanges like Kraken, Bybit, and Gate.
Ethereum, DeFi protocols, and platforms like Coinbase and Robinhood stand to benefit most from the policy shift, in Matt Hougan's view.
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.