Drift Protocol initiated onchain contact with wallets tied to the $280 million exploit as an unknown sender also attempts to pressure the attacker.
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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Wallet in Telegram rolls out perpetual futures via Lighter DEX, enabling leveraged trading on crypto, stocks and commodities directly inside the messaging app.
1222 - News
Drift said a durable nonce attack helped drive its Solana exploit, as critics questioned why stolen USDC moved for hours without a freeze.
1294 - Altcoin Watch
Solana’s declining DEX volumes raise the likelihood of a SOL price correction to $75, but the network’s DApp revenue highlights its resilience.
1457 - News
Executives at Balancer Labs are now pushing for the protocol to be managed by the Balancer Foundation and Balancer’s DAO.
2456 - Altcoin Watch
Weakening onchain activity and bearish derivatives data suggest that a SOL price recovery will take longer than most investors anticipate.
2241 - News
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.
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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.
4282 - 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?
2664 - News
The dollar-backed token, USDCBL, will serve as collateral for onchain perps, with cash and Treasury reserves generating yield retained within the protocol.
3577 - Market Analysis
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.
3289 - News
Arkham CEO denies shutdown reports as the exchange pivots from a CEX to a fully decentralized model amid record DEX derivatives growth.
5890 - News
The court granted Uniswap’s motion to dismiss without prejudice, allowing plaintiffs 21 days to amend before the dismissal becomes final.
3777 - News
The integration allows Ledger users to execute multichain token swaps directly from the wallet app while retaining hardware-based custody.
3989 - News
Aster rebranded to become a crypto perpetual futures decentralized exchange in 2025, as perp DEX trading volume surged by trillions of dollars.
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