Decentralised exchanges offering perpetual trading for cryptocurrencies, such as Hyperliquid and Aster, are taking the industry by storm. The sector has become the centrepiece of crypto’s latest mania, accumulating $1.8 trillion in trading volume this quarter alone, according to DefiLlama data. That’s more than the niche’s entire trading volume recorded in 2024. Perp DEXs are decentralised exchanges for trading perpetual futures. These platforms allow traders to speculate on crypto price moves without ...

The battle of the DEXs is hotting up, as BNB Chain-based decentralized exchange Aster has helped its parent chain to surpass Hyperliquid’s 24-hour perpetual trading volume. BNB Chain’s 24-hour perpetual volume stands at $21.6 billion, overtaking Hyperliquid’s $10.7 billion, according to data from Dune Analytics. EdgeX and Light followed closely with $8.2 billion and $6.2 billion, respectively. In terms of overall trading volume, the two exchanges are jockeying for position. Per CoinGecko data, Hyperliqui ...

Decentralized exchange (DEX) infrastructure provider Orderly Network introduced a platform for users to launch their own perpetuals DEXs. "Orderly One" allows a perp DEX to be built in a matter of minutes without requiring the writing of any lines of code, Orderly said on X on Tuesday. The new service is aimed at decentralized autonomous organizations (DAOs), funds, trading communities and so on who wish to build a revenue stream through crypto trading without relying on a centralized entity. Perpetual ...

RT Token Terminal 📊 (@tokenterminal)🚨🆙 The use of blockchain-based exchanges is at an all-time high, with quarterly trading volume at $1.1 trillion.Traders increasingly want to buy and sell both native & tokenized assets onchain.Top 3 DEXs by all-time volume: @Uniswap, @PancakeSwap, and @RaydiumProtocol. https://t.co/IL4Kb9ncvW ...

Blockchain analytics firm Bubblemaps has raised alarms over what it describes as a possible record-breaking Sybil attack, tracing around 100 newly created wallets that claimed $170 million worth of MYX tokens during a recent airdrop. In a post on X dated September 9, the firm alleged that the wallets collectively secured 9.8 million MYX, equivalent to roughly 1% of the token’s supply. Bubblemaps argued that the suspicious activity appeared coordinated, pointing to identical funding and claiming patterns ...

Traders speculating on MYX Finance's native token (MYX) were in for a rude awakening this week, with more than $40 million being liquidated over the past 24 hours as the shadowy project continued its surge from $0.10 to $16 over the past 60 days. Crypto analyst Skew wrote on X that MYX "traded pretty normally between $2 & $4" but things began to get questionable during a targeted short squeeze that sent the token from $4 to $8. "Clearly in the aftermath of that move some liquidity provider or market make ...

今年4月份，一个地址开启了它的ETH投资之旅。该地址通过2个地址从ChangeNOW和Kucoin提出12.5 万USDC转进Hyperliquid开始做多ETH，当时第一笔做多的ETH价格是1490美元，正处于年内最低点。 这一决策看似平常，却成为了财富增长的起点。在后续的进程中，ETH价格一路上涨，该投资者通过持 续的浮盈加仓，如同滚雪球一般，将仓位从最开始的几百枚ETH逐步扩大到现在的6.6万枚ETH，仓位 价值达到3亿美元。 BOSS Wallet 8月17日讯，在加密货币市场的风云变幻中，总有一些投资者的故事如同传奇般闪耀，不 仅展现了财富增长的惊人潜力，也为市场参与者提供了宝贵的经验。近日，监测到的一个地址，仅用 12.5万美元滚仓做多ETH，如今已变成2500万美元，而另一位沉睡10年的以太坊巨鲸也因近期活动引发 关注，这些故事为投资者带来了深刻的启示。 图片来源:BOSS Wallet 除了这位沉睡10年的巨鲸，还有其他早期以太坊用户也从中获益。例如，一个钱包在以太坊ICO期间收 到了价值601美元的代币，之后沉寂了9.4年，转移了1940 ETH，当时以656万美元的价格收到这些代 币，其耐 ...

RT Milk Road (@MilkRoadDaily)Monthly trading on DEXs is surgingOnchain activity is heating up againCapital is flowing into decentralized protocols with real usageThe biggest players over the past month are @PancakeSwap, @Uniswap, @RaydiumProtocol, @AerodromeFi and @MeteoraAG https://t.co/pKXaiKlq7X ...

Core Insights - The XBIT decentralized exchange has launched a "Meme Coin Ecosystem Aggregator" feature, attracting over 500,000 users within an hour and increasing liquidity for Meme coin trading pairs by 380% in 24 hours [1][3] - The platform's unique "cultural mining" mechanism has sparked community discussions and significantly reduced the slippage rate for the PEPE/USDT trading pair to 0.12%, disrupting the traditional exchange monopoly in the Meme coin market [1][3] Platform Features - The XBIT platform has transformed its website into a "chain-based operating system" for Meme culture, featuring a three-dimensional interactive interface that integrates on-chain data with meme elements, increasing average user session duration from 40 seconds to 217 seconds [3] - The platform utilizes IPFS and ENS distributed storage technology, enhancing access speed by 300% while achieving a complete closed loop of decentralized domain and front-end [3] - The built-in "Meme Creation Workshop" allows users to upload original memes, rewarding those with over 10,000 likes with XBIT tokens, leading to an explosive growth of 120,000 daily user-generated content (UGC) [3] Innovation and User Engagement - The "Cultural Consensus Engine" analyzes meme popularity on platforms like Reddit and 4chan to generate a "Cultural Index" for token listing, enabling a 47 times faster listing process compared to traditional exchanges [4] - The platform's "on-chain social" feature allows users to accumulate "propagation weight" through sharing Meme coin-related content, which can be used for transaction fee discounts or community governance voting [4] - An anonymous user reportedly earned $32,000 in XBIT rewards in one day by sharing a meme, resulting in a 27% increase in their holding returns [4] Compliance and Governance - The platform's "embedded compliance" model, developed in collaboration with Switzerland's FINMA, features a "regulatory oracle" system for rapid AML screening while ensuring user privacy through zero-knowledge proof technology [5] - XBIT has become the first DEX to receive pre-certification under the EU's MiCA regulations, with a cold wallet reserve coverage of 132%, significantly above the industry average [5] - The "community arbitration court" mechanism provides a new solution for handling controversial assets, with a decision-making efficiency 17 times greater than traditional exchanges [5] Future Plans - The roadmap includes launching a "Meme Archaeology" section in Q2 2025 to permanently store classic internet memes on the blockchain [7] - Plans for Q3 involve integrating VR technology to create an immersive trading space where users can participate in liquidity mining as virtual avatars [7] - The platform is collaborating with city governments to integrate its DID system into public services, aiming to build a new digital social infrastructure combining "on-chain identity and cultural symbols" [7] - The daily website traffic has reached 2.4 million, with 83% coming from Meme coin community links, indicating a model where traffic feeds back into trading [7]