Decentralized exchange Bunni has declared the shutdown of operations following a security breach of $8.4 million in September. The platform is the second significant cryptocurrency project to go out of business this week, following layer-1 blockchain Kadena. The team disclosed that it had inadequate finances to proceed with development and
Bybit, the global cryptocurrency exchange, is preparing to debut its first on‑chain decentralized exchange, Byreal, built atop the Solana blockchain. Set to enter testing on June 30 and targeting a mainnet launch in Q3 2025, Byreal aims to redefine trading by merging the liquidity advantages of centralized exchanges with the transparency
Decentralised exchanges, also called DEXs, are blockchain platforms in which users trade cryptocurrencies with each other. They operate without intermediaries or central authorities, unlike centralised exchanges (CEXs) like Binance or Coinbase. DEXs were created to autonomously match and execute trades using smart contracts, so users retain control of their assets
Hyperliquid’s native token HYPE trades at $34.78 after briefly touching $34.94. It has gained 1.77% over the last 24 hours. Market cap rose to $11.61 billion, with circulating supply at 333.92 million tokens. Trading volume surged 59.4% to $159.21 million, lifting the volume-to-market cap ratio to 1.38%. Despite modest price
Capitalizing on the opportunities of the growing DeFi ecosystem, OKX Ventures undertook an investment in Momentum, a DEX on the Sui blockchain. Announced on June 6, the announcement situates Momentum as a fast-rising star within the Sui realm, providing deep liquidity and very efficient trading opportunities. Founded in 2022, Momentum
Changpeng “CZ” Zhao, the co-founder and ex-CEO of Binance, is back stirring the pot — this time pushing for more automated, DEX-style token listings on centralized exchanges. In a recent X post thread, he argued that moving toward a setup like that could kill off front-running and give regular users
The decentralized finance economy runs on something known as “liquidity”, which refers to the funds provided by protocol users to keep their engines ticking over. These liquidity pools are the lifeblood of DeFi applications, enabling users to swap tokens, lend and borrow funds, and more. At the time of writing,
Ethereum has regained its position as the top decentralized exchange (DEX) chain, overtaking Solana for the first time since September. The shift happened in March as bearish market sentiment, especially in the memecoin sector, led to a decline in activity on Solana-based platforms like Raydium and Pump.fun. Ethereum-based DEXes recorded
PumpSwap, the new exchange (DEX) built by Pump.fun, has taken off fast. In just 10 days, it has processed $2.43 billion in trading volume. The platform has also generated over yp$5.4 million in protocol fees, welcomed 700,000 active wallets, and recorded more than 30.5 million swaps, according to data by
Binance Smart Chain (BSC) DEX trading volume surpasses Solana today. This remarkable record is led by the new memecoin MUBARAK hype. Mubarak memecoin has been making waves in the industry with its incredible price surge of over 300% in the last 24 hours. As per DefiLama, BSC climbed up to
