Decentralized Exchange (DEX) Development - A decentralized exchange on Pi Network is under development, indicating growth in the Pi Network ecosystem [1] - PidaoSwap is leading the development of a DEX on Pi Network [1] Ecosystem Importance - Decentralized exchanges are highlighted as a crucial component of any crypto ecosystem [1]

RT BSCN (@BSCNews)🤯 A DEX ON PI NETWORK?! Decentralized exchanges are the most important part of any crypto ecosystem, and @PidaoSwap_ on @PiCoreTeam $PI is leading the charge... Here's everything you need to know 👇https://t.co/M4gnW0DOsi ...

Decentralized Exchange (DEX) Development - A decentralized exchange on the Pi Network is under development [1] - Decentralized exchanges are crucial for any crypto ecosystem [1] - @PidaoSwap_ on @PiCoreTeam $PI is leading the charge [1]

Overview - SushiSwap is a multi-chain DEX operating on over 40 chains, originating from Ethereum [1] - SushiSwap aims to provide the best swap rates by aggregating rates from DEXs and aggregators [1] Product & Technology - SushiSwap supports cross-chain swaps across 25 networks without the need for bridging [1] - Katana, a Polygon-supported L2 solution, is adopted as SushiSwap's official DEX, offering high APR liquidity mining for ETH, BTC, USDC, and uSOL [1] - Katana achieved a TVL of $100 million and a trading volume of $350 million within one month of launch [1] - SushiSwap plans to launch "Blade," a new AMM designed to reduce impermanent loss, and a UI update to improve UX [1] Event - SushiSwap will co-host "The Samurai Gathering" with GSR on August 26th in Tokyo, coinciding with WebX Asia [2] - The event will feature sessions on Web3 trends and multi-chain strategies, networking opportunities, and exclusive content [2]

Avalanche Dex Volume - Avalanche 上的 Dex 交易量连续五周创下年内新高 [1] - 过去 30 天内，Avalanche Dex 总交易量达到 108 亿美元 [1] Top 3 Dex on Avalanche - Blackhole 交易量最高，达到 49 亿美元，占总交易量的 4537% [1] - LFJ 交易量排名第二，达到 24 亿美元，占总交易量的 2222% [1] - Pharaoh 交易量排名第三，达到 16 亿美元，占总交易量的 1481% [1]

Core Insights - The cryptocurrency market is experiencing complexity due to multiple factors, including a suspected hacking incident at the Turkish exchange BtcTurk, which resulted in approximately $48 million in abnormal asset transfers [1][3][5] - The incident has raised concerns about the security of centralized exchanges and has shifted market focus towards decentralized trading models [1][5] Market Performance - Despite the security incident, Ethereum's price in RMB showed resilience, reported at ¥34,926.50, up 3.4% from the previous day, with a 24-hour trading volume exceeding ¥325 billion and a market cap stable around ¥4.2 trillion [3][7] - Ethereum's market share remains at 11.4%, with technical indicators suggesting a bullish trend as the MACD shows a golden cross and increasing volume [3][7] Decentralized Exchange Advantages - The core issue of the BtcTurk incident lies in the centralized exchange's asset custody model, which poses significant risks to user assets if security is breached [5][7] - XBIT, a decentralized exchange, mitigates these risks through a "self-custody" mechanism where users control their private keys, preventing the platform from accessing or misusing funds [5][7] - XBIT's platform has seen a 26% increase in new user registrations and a retention rate of 68%, indicating a shift towards decentralized platforms amid security concerns [7] User Behavior and Market Trends - Following the security incident, there has been a notable increase in activity within the decentralized exchange sector, with XBIT outperforming industry averages in Ethereum trading [7] - The long positions on XBIT have increased to 59.6%, up 8.2 percentage points from before the incident, reflecting heightened investor interest in decentralized channels [7] - Cross-chain trading on XBIT has also risen by 17%, as users optimize asset allocation to reduce risks associated with single blockchain exposure [7] Institutional Involvement - Institutional funds have been entering the Ethereum market, with a record net inflow of $1.02 billion into nine Ethereum ETFs on August 11, providing strong support for Ethereum's price [7] - XBIT has benefited from this trend, with a 19% increase in trading activity for Ethereum-related derivatives, indicating a growing demand for decentralized trading options among both institutional and retail investors [7]

Security Incident - Coinbase lost approximately $300,000 in token fees due to a misconfigured interaction with 0x's "swapper" contract [1] - MEV bots exploited the misconfiguration to siphon funds from one of Coinbase's corporate wallets [1] Decentralized Finance (DeFi) - The incident involved a decentralized exchange protocol 0x [1]

Decentralized Exchange (DEX) - Pi Network's leading DEX is PidaoSwap [1] - PidaoSwap operates on the PiCoreTeam network [1] - The exchange involves the cryptocurrency $PI [1]

Decentralized Exchange (DEX) - Pi Network's leading DEX is PidaoSwap [1] - PidaoSwap operates on the PiCoreTeam network [1] - The exchange involves the cryptocurrency $PI [1]

Governance Structure - UniswapFND 提议在怀俄明州为 Uniswap Governance 建立一个新的法律实体 [1] - Uniswap Governance 是去中心化交易所的理事机构，由成员、代表和代币持有者组成 [1]