Core Insights - Trove Markets has faced significant scrutiny after deciding to retain approximately $9.4 million from a token sale initially linked to Hyperliquid, despite shifting its decentralized exchange (DEX) to Solana shortly before the token launch [1][3][4] - The TROVE token, which launched with an expected market capitalization of around $20 million, saw its value plummet by over 95% shortly after trading commenced, dropping to approximately $0.0008 and reducing its market cap to under $2 million [2][3] - The abrupt pivot to Solana was attributed to the withdrawal of a key liquidity partner, leading Trove to conclude that continuing on Hyperliquid was no longer viable [4][5] Fundraising and Financials - Trove raised over $11.5 million through a public token sale intended for building a perpetual DEX on Hyperliquid's infrastructure, but the pivot raised questions about the appropriateness of retaining the funds [3][4] - The company has refunded about $2.44 million to participants to maintain distribution integrity, with an additional $100,000 set for automatic refunds [6] - The remaining funds have been allocated for various operational costs, including developer salaries, infrastructure, and marketing [6] Community Response - Despite explanations provided by Trove, there remains ongoing criticism regarding the management of the fundraising process and the subsequent decisions made by the company [7]

The Dragons move $QUICK 🐉QuickSwap 🐲 DragonFi 2.0 (@QuickswapDEX):Week 1 of QuickSwap's perps DEX points program is still ongoing ⚡️250,000 $QUICK in rewards for tradooors up for grabs on Base, distributed proportionally to every user's share of the total trading volume.Track your progress in real-time:https://t.co/8HnZPbxeck https://t.co/Z1oIbrNJn1 ...

infinex tge confirmed for december100% of supply to patron nft holders & a public sale coming with sonar(i'm very glad I aped the patrons pre-sale last year at a movement labs paid for table in a singapore nightclub...and then we held till' now)lmaothis will probs be one of the more exciting launches of the cycle, should go head to head with some of the big boys & have most of CT fired upiirc i asked yano in singapore if he aped and he said something like "never fade kain" and yeah rest is historyv bullishI ...

$SNX is Coin of the Week 🚀just pulled +62% in 7 days defying the broader pullback. all eyes on the upcoming perps DEX launch on Ethereum mainnet, plus a $1M trading competition fueling hype.0% fees on swaps. wanna ride it? → https://t.co/bgINTlojtWnot for UK users ...

New Perps DEX Overview - Pacifica_fi is a fast-growing new perps DEX, similar to Aster/Lighter [1] - Pacifica_fi features offchain CLOB matching with settlement, deposits, and withdrawals on Solana [1] Team & Funding - Pacifica_fi's team comes from OpenAI, Jane Street, Binance, etc [1] - Pacifica_fi is self-funded, with no VC involvement [1] User Experience & Growth - Pacifica_fi has a solid UX and is growing fast with a points program [1]

RT mert | helius.dev (@0xMert_)Found a fast-growing new perps DEX similar to Aster/Lighter, @pacifica_fiTeam from OpenAI, Jane Street, Binance, etc, and self-funded (no VC)Offchain CLOB matching with settlement, deposits, and withdrawals on SolanaSolid UX so far and growing fast with a points program ...