The volume grew significantly between November and December last year, when the platform held its HYPE airdrop event.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Anchorage Digital Porto wallet institutional users can swap tokens and access DeFi liquidity directly, removing reliance on third-party platforms.
Crypto research firm Artemis and DeFi project Vaults argue there is growing “institutional appetite” for onchain yield, in a new report.
The frameworks propose bringing assets like stocks, bonds, and funds onchain as well as carve outs for autonomous, non-custodial blockchain protocols.
Cosmos-based Namada has completed its mainnet, introducing a composable privacy layer for decentralized applications.
Bybit's upcoming Solana DEX Byreal aims to merge CEX-level liquidity with the transparency of DeFi-native platforms.
Liquidity pools have been restored to between 85% and 99% of their original levels.
Hyperliquid’s encroachment into Binance’s long-held dominance is becoming harder and harder to ignore.
1inch's share jumped from 32% in March to 60% in May, fueled by its strategic entry into the Solana ecosystem amid a memecoin trading surge.
The token will reportedly be offered to public and private investors, though it is unclear when or where the token launch will occur.
The Series A was structured as equity with token warrants, Singh said, declining to disclose the post-money valuation.
The largest crypto loss in May came from Cetus Protocol, which lost an about $225 million, although the protocol recovered $162 million from Sui validators.
Simon Kim, CEO of crypto venture capital Hashed, predicted that DEXs will overtake CEXs in trade volume in 2028.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Some onlookers think this decentralized market function could be improved either through stablecoin price caps or "more resilient" algorithms.
In November, Hyperliquid held about 30% market share, meaning the protocol has more than doubled its dominance in just six months.
Coinbase has invested heavily in developer infrastructure and tooling for Base, creating a more accessible environment for projects looking to build on Layer 2 technology.
Users can start locking up ETH, USDC, USDT, or WBTC during the Katana private mainnet period will receive KAT tokens.
Euler has introduced EulerSwap, a new decentralized exchange that fuses automated market-making with lending infrastructure.
Cetus stated it can use its cash and token reserves, as well as a Sui Foundation loan, to recover stolen assets from its recent exploit — depending on a forthcoming community vote.
Cetus plans to bolster security through rigorous testing, expanded audits, and a strengthened bug bounty program.
Synthetix and Derive mutually canceled a $27 million acquisition deal under which Synthetix would have acquired Derive.
Open interest on Hyperliquid crosses $9 billion for the first time as bitcoin surged over $111,800 and demand for crypto derivatives jumped.
Cetus said it worked with law enforcement agencies, exchanges and cross-bridge protocols to freeze all stolen funds that remain on Sui.
A disconnect between trader count and volume suggests the return is primarily driven by smaller retail participants.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The acquisition is 0x’s first since the firm’s founding in 2017.
Synthetix aims to integrate Derive's treasury and products — including options, perpetuals, and structured products — into its ecosystem.
DeFi DEX Curve Finance alerted users to a DNS exploit on its website, its second domain issue in three years.