Perp DEXs are on the rise on BNB Chain 🤩Here are the Top 10 Perp DEXs ranked by active users 👇https://t.co/47AVab4Hmq https://t.co/2rAl62jZjB ...

🔥 ASTER @Aster_DEX trading is now live on #BitMart!💰Trade now: https://t.co/JZGyD0SEUp#ASTERBitMart (@BitMartExchange):#BitMart announces the primary listing of Aster (ASTER) @Aster_DEX 🔥Aster is a next-generation decentralized perpetual exchange built for everyone.💰Trading pair: ASTER/USDT💎Deposit: TBD💎Trading: 9/19/2025 6:00 AM UTCLearn more: https://t.co/YN3W7jO9t1 https://t.co/7sxKotZaNM ...

Blockchain Exchange Market - Blockchain-based exchanges usage is at an all-time high [1] - Quarterly trading volume reaches $1.1 trillion [1] - Traders increasingly prefer buying and selling native & tokenized assets onchain [1] Top DEXs - Uniswap, PancakeSwap, and RaydiumProtocol are the top 3 DEXs by all-time volume [1]

Market Trends - A public company on NASDAQ bought SOL using DFlow and SolFi Prop AMM, indicating growing institutional interest in decentralized finance [1] - The event is considered a sign of a potential "Sol szn" (Solana season), suggesting increased market activity and positive sentiment towards Solana [1] Decentralized Finance (DeFi) Innovation - Ford executed a $1 million trade via DFlow, a low-latency decentralized exchange, highlighting the increasing adoption of DeFi platforms by traditional companies [1] - The transaction was facilitated through SolFi AMM, showcasing the integration of different DeFi protocols [1] Technology & Protocol Analysis - DFlow Protocol is recognized for its low-latency decentralized exchange capabilities [1] - SolFi AMM plays a role in facilitating trades within the Solana ecosystem [1]

Core Insights - The launch of 0xMarkets by Taoshi and General TAO Ventures aims to integrate digital assets with the $7.5 trillion foreign exchange market [1][3] - The platform will facilitate trading between multiple fiat currencies and cryptocurrencies, focusing on acquiring liquidity as a key to success [2][5] Company Overview - Taoshi is leveraging the Bittensor blockchain to create a decentralized exchange that allows for currency swaps, including major fiat currencies and cryptocurrencies like Bitcoin and Ethereum [2][3] - The platform's design is inspired by Curve Finance's token model to attract and retain liquidity providers [3][6] Market Context - The foreign exchange market is the largest financial market globally, with an average daily trading volume of approximately $7.5 trillion [3] - Previous attempts to establish a blockchain-based forex market have largely failed, indicating the challenges in this sector [4] Liquidity Strategy - A stable and substantial liquidity base is essential for the success of forex trading, especially given the small daily price movements in national currencies [5] - 0xMarkets will utilize a Bittensor subnet as a liquidity-as-a-service engine, allowing liquidity providers to earn fees by depositing USDC stablecoin [5][6] Incentive Mechanism - Liquidity providers will also receive emissions of the subnet's alpha token, which will serve as a governance token, allowing holders to influence market dynamics [6][7] - The dual rewards system aims to attract sufficient liquidity to ensure the market's functionality and sustainability [7]

Market Share - Uniswap led decentralized exchanges in August 2025 with 359% market share [1] Trading Volume - Uniswap's spot trading volume reached $1118 billion, marking the second time it exceeded $100 billion this year [1]

@Uniswap @PancakeSwap @AerodromeFi @HyperliquidX @orca_so @MeteoraAG @RaydiumProtocol @CurveFinance @sunpumpmeme @mavprotocol What is the largest decentralized exchange?Our latest study shows that @Uniswap was the largest DEX in August 2025 with a market share of 35.9%. It recorded $111.8 billion in trading volume, a MoM increase of 28.3% from July.Read the full study: https://t.co/vBTjWpIoYa https://t.co/oM1fWDHrfx ...

Sushi DEX Aggregator keeps climbing 📈June → $300MJuly → $560M (+87%)August → $750M+ (+34%)🍣 Swap anything and see why. https://t.co/de72acXks7 ...

Decentralized Exchange BunniXYZ Loses $8.4M in Liquidity Exploit► https://t.co/Oqb0jCfGWF https://t.co/Oqb0jCfGWF ...

Perps DEXs Analysis - Perps DEXs are considered a top-tier business within the cryptocurrency sector [1] - Their design tradeoffs appeal to technically skilled individuals [1] Key Considerations for Perps DEXs - It's crucial to ascertain the presence of an escape hatch mechanism [1] - Proximity to a centralized sequencer is advantageous for advanced market making due to latency considerations [1] - Understanding the implications of a "centralized matcher," where a single hardware machine handles order matching, is essential [1] - Differentiating between soft finality and hard finality is important [1] App-Specific Chain Thesis - Perps serve as a compelling illustration of the app-specific chain thesis [1] Additional Resources - Recommends reviewing content on The Rollup YouTube channel for understanding technical terms [2]