OKX Suspends Decentralized Exchange Operations After Consulting With Regulators To Combat Financial Crime

March 18, 2025 The Daily Hodl

Daily Hodl

The crypto exchange OKX has decided to “temporarily suspend” its decentralized exchange (DEX) aggregator after consulting with regulators. Traders use data from DEX aggregators to find the best-priced trades across various decentralized exchanges. OKX’s aggregator has recently come under scrutiny. Last month, hackers stole a staggering $1.4 billion worth of Ethereum (ETH) and Lido Staked […]

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Hyperliquid must draw developers or risk unraveling: VanEck

January 7, 2025 Coin Telegraph

Coin Telegraph

The layer-1 chain needs more than a successful perpetuals exchange to justify the HYPE token’s lofty valuation, according to the asset manager.

Layer-1 blockchain network Hyperliquid needs to bootstrap a robust developer community to sustain its native token’s roughly $25 billion market capitalization, asset manager VanEck said in a Jan. 6 research note.

Hyperliquid has become one of the most valuable blockchains since launching its HYPE token in a November airdrop. However, Hyperliquid’s nascent smart contract platform has “yet to attract much of a developer community,” VanEck said.

“If Hyperliquid is unable to meet the growth expectations of its community, the prisoner’s dilemma facing many newly rich $HYPE holders may quickly unravel,” VanEck said.

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PancakeSwap closes record $310B year, up 179% driven by L2, DeFi growth

December 24, 2024 Coin Telegraph

PancakeSwap closes record 0B year, up 179% driven by L2, DeFi growth

2024

PancakeSwap's 2024 trading volume surged to $310 billion, driven by DeFi growth, layer-2 adoption and user-focused upgrades.

PancakeSwap closed a record year in terms of cryptocurrency trading volume, owing to growing interest in decentralized exchanges and the expansion of layer-2 blockchain networks.

Decentralized exchange (DEX) PancakeSwap recorded $310 billion in total trading volume during 2024, marking a nearly 179% year-over-year (YoY) increase from $111 billion in 2023.

The record year was mainly attributed to L2 networks Arbitrum and Base, as the former saw a 3,656% YoY increase to $13.2 billion, while crypto trading volume on Base rose by 3,539% YoY to $11.6 billion in 2024, according to a PancakeSwap report shared with Cointelegraph.

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VanEck Predicts $4,000,000,000,000 Explosion in DeFi Volumes for 2025 – Here’s Why

December 15, 2024 The Daily Hodl

VanEck Predicts ,000,000,000,000 Explosion in DeFi Volumes for 2025 – Here’s Why

Altcoins

Asset management giant VanEck is predicting a large surge in decentralized finance (DeFi) trading volumes next year. In a new report detailing its predictions for 2025, VanEck analysts say decentralized exchange (DEX) volumes will capture a fifth of centralized exchange (CEX) spot trading volumes. “Despite record-high decentralized exchange (DEX) trading volumes, both in absolute terms […]

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Velodrome Finance (VELO) Takes Off Following Surprise Binance Listing

December 13, 2024 The Daily Hodl

Altcoins

Decentralized finance (DeFi) altcoin Velodrome Finance (VELO) is skyrocketing following a new listing from the world’s largest crypto exchange by trading volume. Earlier today, Binance announced the addition of VELO to the crypto exchange. “Binance is excited to announce that Velodrome Finance (VELODROME) will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance […]

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PancakeSwap launches Telegram Swap Bot for crypto trading access

November 14, 2024 Coin Telegraph

BNB Chain

PancakeSwap’s new Telegram bot lets users trade over 3,000 tokens from the app, highlighting DeFi’s growing accessibility.

PancakeSwap, one of the largest decentralized exchanges (DEXs) on the BNB Chain, has introduced a Telegram bot that enables users to trade cryptocurrencies directly from the messaging app.

The bot currently supports trading for over 3,000 tokens, making decentralized finance (DeFi) transactions potentially more accessible to a wider audience familiar with Telegram.

The Telegram Swap Bot will enable users to trade tokens on PancakeSwap v2, v3 and stableswap on the BNB Chain.

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WazirX plans on launching a decentralized exchange

November 6, 2024 Coin Telegraph

Centralized Exchange

WazirX founder Nischal Shetty also announced the upcoming introduction of staking services to the centralized cryptocurrency exchange.

Nischal Shetty, the founder of the popular Indian crypto exchange WazirX, announced the company is expanding operations and exploring building a separate decentralized exchange (DEX) that will operate alongside the company's current centralized service.

According to Shetty, the decision to launch a DEX is a response to the July 2024 WazirX hack — which drained the exchange of approximately $235 million in user funds — and should help eliminate the counter-party risk inherent in centralized platforms. The WazirX founder asserted:

The WazirX founder also revealed plans to launch a corresponding DEX token to pay for fees on the platform and provide an instrument for governance.

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Uniswap Launches New Bridge Connecting DEX to Base, World Chain, Arbitrum and Others

October 23, 2024 The Daily Hodl

Across Protocol

Decentralized exchange (DEX) Uniswap (UNI) is launching a new bridge that will allow users to access other blockchains outside of Ethereum (ETH). In a new blog post, Uniswap Labs says that it’s launching the bridge in collaboration with Across Protocol (ACX), allowing users to swap crypto assets between nine different blockchains directly from the Uniswap […]

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U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly $700,000 Over Alleged Securities Violations

September 28, 2024 The Daily Hodl

U.S. SEC Settles With Solana-Based DEX Mango Markets for Nearly 0,000 Over Alleged Securities Violations

Altcoins

The U.S. Securities and Exchange Commission (SEC) has agreed to a settlement with the Solana (SOL)-based decentralized exchange (DEX) Mango Markets over alleged regulatory violations. The SEC alleges that the DEX’s decentralized autonomous organization (DAO) skirted registration provisions and deprived investors of critical protections. The regulator says Mango DAO raised more than $70 million from […]

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Phantom Wallet Joins Dydx, Easing Access for 7 Million Users

September 26, 2024 Bitcoin.com

bitcoin.com

Dydx has announced its integration of the Phantom Wallet, a leading Solana-based non-custodial wallet, into its decentralized finance (defi) platform. This integration aims to simplify access for over 7 million Phantom users, aligning with Dydx’s goal to broaden participation in decentralized trading. Phantom Wallet Is Now on Dydx, Enhancing User Access The new integration allows […]

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