A massive smart contract hack has been identified in the on-chain DEX aggregator SwapNet, which resulted in crypto assets to the tune of close to $16.8 million being siphoned off. Peck Shield, a security company, first reported the attack, noting the suspicious action on the platform’s SwapNet integrations, which can
Trove Markets has raised the ire of its community following its sudden flip in its decentralized perpetual exchange, which transitioned from Hyperliquid to Solana, amid having raised over $11.5 million for its launch, which was based on its Hyperliquid model. Backers are now demanding refunds as the project’s TGEP approaches.
Perpetual DEXs ended 2025 with a substantial increase in trading volumes as total volumes rose to $12.09 trillion compared to a mere $4.1 trillion during the start of the year. This is a clear indication of a breakout year for derivatives trading through onchain. According to DefiLlama, approximately $7.9 trillion,
Lighter, a decentralized perpetual exchange and DeFi infrastructure platform, has unveiled its native token for its crypto ecosystem, named Light Infrastructure Token (LIT). They confirmed it through their X handle by this morning in a thread post, describing its token allocation, structure, and utilities. Then, within a few hours, the
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
