SOL’s futures open interest hits a 2-year high above $7.4 billion, but neutral funding and declining DEX activity cast doubt on a breakout to $200.
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.
- Altcoin Watch3634
- News
PancakeSwap now offers one-click crosschain swaps with Across Protocol, aiming to reduce bridge risk and improve DeFi user experience across Arbitrum, Base and BNB Chain.
5113 - Market Analysis
Ethereum’s dominance in staking, the spot crypto ETFs and improving investor sentiment all point toward a sustained ETH price rally.
6293 - News
Decentralized exchange aggregator 1inch claims up to 6.5% better swap rates after its latest update.
11392 - Market Analysis
Institutional inflows and rising Ethereum transaction fees contrast with sluggish network activity and caution on the Ether futures market.
8743 - Explained
The Cetus DEX exploit on Sui drained $220 million in minutes. The hacker took advantage of an undetected bug in the math library of the protocol to siphon off the funds.
- Use Case
A new generation of crosschain architecture aims to fix DeFi’s lack of coordination by aligning ecosystems rather than replacing them.
24186 - News
Sui validators voted to return $162 million in frozen assets from the Cetus exploit, enabling a full recovery and restart plan for impacted users.
4322 - Altcoin Watch
Trader’s interest in Solana is strong, but declining memecoin prices and SOL token unlocks have put a cap on the altcoin’s rally.
8568 - News
A crypto trader profited over $27 million on decentralized exchange Hyperliquid after placing high-leverage, all-long bets during a major market rally.
5562 - News
Cetus may recover $162 million in stolen funds if the Sui community approves a governance vote, with a full user fund recovery plan already in motion.
7542 - Spotlight
A new DeFi platform introduces powerful, intuitive tools like price freezing and yield-generating limit orders while keeping options hidden under the hood to simplify the trading experience.
14435 - News
Sui-based DEX Cetus offered the hacker a $6 million white hat bounty offer as the protocols are trying to recover the stolen $220 million, with $162 million remaining frozen.
8107 - News
Sui-based DEX Cetus has been hit by an apparent hack, with onchain data showing rapid asset drainage despite the team portraying the incident as a “bug.”
12019 - News
A whale has stunned crypto watchers by making $36 million on a $1.1 billion long Bitcoin bet at 40x leverage as Bitcoin neared $112,000.
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