In a post-mortem of the incident, Aave clarified it was not slippage, but an illiquid market that caused the trader to lose over $50 million while swapping USDT for AAVE.
Latest DEX News
A decentralized exchange (DEX) is a peer-to-peer marketplace where users can trade cryptocurrencies directly with each other without the need for a centralized intermediary like a traditional exchange.
DEXs operate using smart contracts on blockchains, facilitating greater autonomy, transparency and potentially lower fees. DEXs are crucial to the growing decentralized finance (DeFi) landscape.
Stay informed with Cointelegraph’s latest news and analysis on DEXs.
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Aave founder Stani Kulechov says a user confirmed a warning to proceed with the swap, despite “extraordinary slippage,” while a MEV bot also attacked the large transaction.
1747 - Market Analysis
SOL is down 72% from its all-time high, but several data points paint a compelling investment scenario. Is SOL trading at a deep discount?
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The dollar-backed token, USDCBL, will serve as collateral for onchain perps, with cash and Treasury reserves generating yield retained within the protocol.
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While ETH’s price action remains weak, rising institutional investor inflows and surging network activity suggest that Ether is building a base for a possible rally to $2,400.
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Arkham CEO denies shutdown reports as the exchange pivots from a CEX to a fully decentralized model amid record DEX derivatives growth.
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The court granted Uniswap’s motion to dismiss without prejudice, allowing plaintiffs 21 days to amend before the dismissal becomes final.
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The integration allows Ledger users to execute multichain token swaps directly from the wallet app while retaining hardware-based custody.
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Aster rebranded to become a crypto perpetual futures decentralized exchange in 2025, as perp DEX trading volume surged by trillions of dollars.
11009 - Market Analysis
Crypto traders usually view negative funding rates as a buy signal, but this week’s volatile US earnings outcome may cloud its value for ETH investors.
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Hyperliquid said the outcome trading feature would function like a form of derivatives trading without leverage, liquidations or margin calls.
3772 - Altcoin Watch
Hyperliquid’s HYPE token gained 60% amid heavy staking and balance-sheet accumulation, even as open interest and perpetual volumes remained largely flat.
2320 - Market Analysis
Increasing Ethereum layer-2 activity and a notable bump in network fees may be an early sign that ETH is on the verge of a recovery.
3635 - News
Matcha Meta urged users to revoke one-time approvals for SwapNet’s router contract after a smart-contract vulnerability saw around $13.3 million stolen on the Base blockchain.
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Trove shocked the community last week with a last-minute decision to pivot its perps DEX from Hyperliquid to Solana, a move that upset many of its initial backers.
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