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Perp DEXs Hit $1 Trillion Monthly Volume for First Time as Aster, Hyperliquid Lead Surge
Yahoo Finance· 2025-10-02 15:51
Core Insights - Perpetual DEXs have achieved a record trading volume of $1.226 trillion over the past 30 days, marking a 48% increase from August's $707.6 billion volume [1] - Aster DEX has emerged as the leader in this sector, accounting for nearly 50% of the market share with a volume of $493.61 billion [2] - Hyperliquid follows closely, generating over $280 billion in trading volume during the same period [2] Trading Volume Performance - Aster DEX leads the market with $493.61 billion in trading volume, representing a significant portion of the perp DEX market [2] - Hyperliquid has also shown strong performance with over $280 billion in trading volume [2] - Other notable platforms include Lighter DEX with over $165 billion and a combination of EdgeX, Pacifica, and Apex Protocol generating $116 billion [3] Market Dynamics - The rapid growth of the perpetual DEX market indicates a shift from centralized exchanges (CEXs) to decentralized alternatives, driven by factors such as transparent settlement and non-custodial trading [4] - Lighter DEX, operating in private beta, has attracted $164.4 billion in September, securing third place in trading volume [4] Fee Generation - Aster DEX has generated over $121 million in fees, surpassing Circle by over $65 million and closely competing with Tether, which generated $155.2 million [6] - Hyperliquid ranks as the 5th highest revenue-generating protocol in the crypto market, with over $23 million in fees generated in the last week [6] Company Background - Aster, formerly known as APX Finance, rebranded in March after merging with Astherus and is backed by YZi Labs [7]
Sharps Technology Teams Up With Crypto.com To Grow Solana Strategy
Yahoo Finance· 2025-10-02 13:26
Core Insights - Sharps Technology Inc. announced a stock repurchase plan of up to $100 million through open-market purchases and negotiated transactions [1] - The company is expanding its digital asset strategy focused on Solana in partnership with Crypto.com, which will provide custody, liquidity, and over-the-counter trading services [1][4] - Sharps has acquired over 2 million Solana tokens, valued at over $400 million, with plans to deploy a portion into Solana-native projects to earn yield [2] Group 1 - The partnership with Crypto.com aims to connect traditional finance with blockchain assets and position Sharps as a significant institutional player in the Solana ecosystem [4] - The strategic advisor emphasized that the digital asset treasury is a step toward building open and efficient financial infrastructure [3] - The stock price of STSS increased by 2.65% to $6.96 in premarket trading following the announcements [4]
Coinbase Initiated At Buy By BTIG With $410 Price Target
Financial Modeling Prep· 2025-10-01 18:14
Group 1 - BTIG initiated coverage of Coinbase Global Inc. with a Buy rating and a $410.00 price target, emphasizing its role as a leading crypto trading platform and a bridge between traditional finance and decentralized finance [1] - Analysts noted that Coinbase is investing in key areas to create a growth flywheel between its core trading business and digital asset applications, highlighting the scaling derivatives segment and Base App as underappreciated growth drivers [1] Group 2 - Continued adoption of USDC stablecoin is identified as a long-term revenue opportunity for Coinbase [2] - Coinbase is described as one of the most trusted names in crypto, well positioned to innovate and diversify its business for sustained growth [2]
X @ShapeShift
ShapeShift· 2025-10-01 17:33
⚔️ DeFi Showdown FINAL MATCH⚔️It all comes down to this.👑 @MorphoLabs vs. @zkp2p 👑One will claim the crown as Top DeFi Protocol on @base!Your vote decides the winner — and earns you a share of the ETH pot.🗳️ Voting opens at 2pm ET👇 Link below https://t.co/PhFYUx6tNYShapeShift (@ShapeShift):It's time to determine the #1 DeFi community on @base! 🟦The competition begins tomorrow on @jokerace_io:⤷ 16 protocols⤷ 1 👑 for the winning communityVote + earn ETH if you're side wins!Here's how the bracket stacks up 👇 h ...
21Shares Names Mickey Janvier Head of North America Sales to Accelerate Regional Growth
Globenewswire· 2025-10-01 13:00
Core Insights - 21Shares has appointed Mickey Janvier as Head of North America Sales to enhance its distribution strategy in the U.S. market [1][2] - The U.S. has experienced significant crypto adoption in 2025, driven by favorable legislative and regulatory conditions [2] - 21Shares currently manages over $11 billion in assets and has launched spot Bitcoin and Ethereum ETFs in 2024 [3] Company Overview - 21Shares is a leading provider of cryptocurrency exchange traded products (ETPs) and offers the largest suite of crypto ETPs in the market [4] - The company aims to bridge traditional finance and decentralized finance, having launched the world's first physically-backed crypto ETP in 2018 [4] - 21Shares is backed by a specialized research team and proprietary technology, focusing on innovative and cost-efficient investment solutions [4] Leadership and Strategy - Mickey Janvier brings over a decade of experience in distribution and business development, previously serving as Head of Americas Distribution at Perpetual Asset Management [2][3] - Janvier's leadership is expected to strengthen relationships with financial advisors, wealth management platforms, and institutional buyers [1][2] - The firm is focused on enhancing client support and expanding its reach throughout North America [2][3]
X @BSCN
BSCN· 2025-09-29 21:40
RT BSCN (@BSCNews)PANCAKESWAP LAUNCHES FEE-EARNING LIMIT ORDERS TO REWARD TRADERS WHEN ORDERS ARE FILLED- @PancakeSwap has announced the launch of a first-of-its-kind feature in decentralized finance: fee-earning limit orders.- With this upgrade, traders not only place limit orders but also earn fees when their orders are executed, making PancakeSwap the first decentralized exchange (DEX) to introduce such an incentive model.Key Details:- The new feature is powered by PancakeSwap’s in-house, onchain Limit O ...
Cathie Wood Says Bitcoin 'Owns The Cryptocurrency Space' — Here Is Why The Ark CEO Differs With Tom Lee On Ethereum
Yahoo Finance· 2025-09-29 20:31
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Veteran investor and cryptocurrency advocate Cathie Wood referred to Bitcoin (CRYPTO: BTC) as the “pure cryptocurrency” in an interview aired Saturday, indicating that it will always have an edge over Ethereum (CRYPTO: ETH). ‘Bitcoin Owns The Crypto Space’ Speaking to Wilfred Frost on The Master Investors podcast, the Ark Invest CEO expressed confidence that Bitcoin would be the “biggest” cryptocurrency ...
SWIFT Teams With Ethereum Software Giant Consensys for Blockchain Prototype
Yahoo Finance· 2025-09-29 19:05
Core Insights - The SWIFT network is collaborating with Consensys and 30 firms, including major banks, to develop a prototype for real-time 24/7 cross-border payments [1][4] - The proposed ledger will securely log transactions, validate them, and enforce rules via smart contracts [2][3] - SWIFT's core function is messaging, not payment processing, facilitating communication about money movement among financial institutions [3] Industry Impact - SWIFT connects over 11,500 institutions across more than 200 countries, with a daily transaction value of approximately $7.5 trillion [4] - The network processes around 53 million financial messages daily, indicating significant potential for on-chain processing [4] - If 6% of SWIFT's volume were processed on Ethereum, it could double Ethereum's transaction volume, while only 0.51% would be needed to double throughput on Linea [5]
X @Ethereum
Ethereum· 2025-09-29 16:07
Decentralized Finance (DeFi) Focus - Ethereum is positioned as a platform for decentralized and open-source finance [1] - Morpho Vaults V2 is introduced as a new open-source standard for asset curation [1] Morpho's Initiative - Morpho Labs highlights the significant potential of vaults [1] - Morpho Vaults V2 is currently live on Ethereum and will soon be available on other on-chain platforms [1]
X @PancakeSwap
PancakeSwap· 2025-09-29 14:44
New Feature Launch - PancakeSwap launches fee-earning limit orders, a first in decentralized finance, rewarding traders with 01% trading fees when orders are filled [1][2] - The new feature is powered by PancakeSwap's onchain Limit Order Hook, built using its Infinity architecture and live on the BNB Chain [1] - The feature launches exclusively on BNB Chain, covering 10 major pairs, including USDT-BNB, ETH-BNB, BTCB-USDT, BTCB-BNB, and CAKE-USDT [3] Technology and Implementation - PancakeSwap's fee-earning limit orders reward users with 01% in trading fees whenever their orders are filled, unlike existing DEX solutions that rely on off-chain services and charge high execution fees [2] - The process is fully automated, ensuring funds and earned fees are sent directly to the user's wallet upon trade execution [2] - Partially filled orders can remain open or be withdrawn anytime, with accumulated fees included [2] User Action and Deprecation - Previous ORBS-powered limit orders have been deprecated as of September 29, 2025 [3] - Users with existing ORBS orders are advised to cancel and recreate them using the new onchain system, as legacy orders will no longer earn fees [4]