decentralized exchange

Uniswap (CRYPTO: UNI) CEO Hayden Adams has expressed optimism over U.S. Vice President Kamala Harris‘ comments supporting digital assets, highlighting the growing recognition of decentralized finance (DeFi) by political leaders. What Happened: However, Adams' positive reception of Harris'...

Decentralized crypto exchange PancakeSwap (CRYPTO: CAKE) on Friday revealed plans to distribute 2,452,128 ZK tokens to its community through an airdrop. The announcement comes as the platform celebrates milestones on the ZKsync network (CRYPTO: ZK). At current prices, the value of the airdrop is $...

Blockchain security firm Blockfence recently uncovered an intricate scam method that has defrauded over 42,000 victims of more than $32 million since April 2023. What Happened: Blockfence head of security research Pablo Sabbatella detailed in a Jan. 18 report how scammers successfully evaded...

The decentralized exchange, dYdX (CRYPTO: ETHDYDX), has outperformed Uniswap (CRYPTO: UNI), becoming the dominant decentralized exchange (DEX) by daily trading volume. What Happened: As per a CoinDesk report on Sunday, data from CoinMarketCap reported that dYdX, which migrated from Ethereum (...

The once-uncontested supremacy of Binance (CRYPTO: BNB) in the cryptocurrency exchange market may be waning, with its market share decreasing from 54.2% at the start of the year to 48.7% by the end of 2023. Why Cryptocurrency Market Is Recovering This dip in dominance is coming against...

Solana (CRYPTO: SOL)'s decentralized exchange (DEX) volume has been on fire lately, fueled by a potent cocktail of meme coin mania and a thriving DeFi ecosystem. Solana DEX volume currently sits at a staggering $1.5 billion in the last 24 hours, compared to Ethereum's (...

Decentralized exchange PancakeSwap (CRYPTO: CAKE) in collaboration with BNB Chain (CRYPTO: BNB), announced the recipients Wednesday of its Meta-Governance Grants. What Happened: The grants have been awarded to four protocols: Cakepie, StakeDAO, Breakfast Finance (from Vector Finance), and...

In a landmark case for the cryptocurrency industry, Damian Williams, the U.S. Attorney for the Southern District of New York, has announced the guilty plea of Shakeeb Ahmed, who hacked DeFi protocol Nirvana Finance and one other cryptocurrency exchange. Williams calls this the first-ever conviction...

In the burgeoning realm of cryptocurrencies, airdrops have emerged as a powerful tool for engaging with the community and rewarding early adopters. Jito (CRYPTO: JTO), a Solana (CRYPTO: SOL)-based liquid staking protocol, recently unveiled its token airdrop, generating significant buzz among...

Decentralized trading platforms Velodrome and Aerodrome have alerted users about security breaches. What Happened: Both exchanges issued warnings Wednesday, urging users to refrain from using either website "for the time being." "Our front end is currently compromised,"...

Decentralized exchange KyberSwap publicly offered a 10% bounty to an unidentified hacker responsible for a cyber heist, in which funds worth over $50 million were siphoned off. The offer was communicated through a message from a contract deployer wallet associated with KyberSwap. The message...

The GROK token, an AI-inspired digital asset, witnessed a dramatic loss of nearly $100 million in market value within a 24-hour period. This decline came amid revelations linking its developer to past unsuccessful projects, capturing the attention of cryptocurrency market analysts. This dramatic...

Shiba Inu's (CRYPTO: SHIB) started out as a mere internet meme, but has since turned into a Web 3.0 juggernaut boasting a market capitalization that hovers around $4 billion. The coin's journey is emblematic of the crypto industry’s shift away from irreverence to sophisticated and...

In a recent security incident, a new contract deployed by Unibot (CRYPTO: UNIBOT), a widely-used Telegram bot known for sniping trades on the decentralized exchange Uniswap, was exploited, leading to a loss of approximately $560,000 in various memecoins from users. According to blockchain...

THORSwap, a decentralized exchange built on the THORChain (CRYPTO: RUNE) platform, revealed concerns regarding the potential movement of illicit funds through its platform. The exchange, in a statement issued Friday, said it always maintained a strong stance against any form of criminal...