Latest news with #decentralizedexchange
Crypto Insight
17-07-2025
- Business
- Crypto Insight
BNB Chain targets 5,000 DEX swaps per second in 2025
BNB Chain is set to undergo a major infrastructure upgrade in the second half of 2025, aiming to support up to 5,000 decentralized exchange swaps per second and significantly enhance its onchain capacity. In its outlook for the remainder of 2025 and 2026, BNB Chain plans to increase its block gas limit from 100 million to 1 billion to keep up with user demand and ensure smooth activity across decentralized applications (DApps). The network said it's rolling out a Rust-based client optimized for high-throughput performance. This will be built on Ethereum's Reth architecture with some modifications. It offers faster node syncing, improved memory management and efficient smart contract execution. The team said the upgrade is part of a broader push to future-proof the network. BNB Chain shares upgrade plans for 2025 and 2026 BNB Chain also mentioned Super Instructions, which are optimized smart contract functions that bundle multiple operations into a single action. The network said this would streamline complex interactions like launch events and token swaps. In addition, the network will also improve its StateDB system, aiming to reduce redundant data access and unlock faster execution across a much larger data set. The StateDB is part of the blockchain system that manages accounts, balances, smart contracts and their data. When upgraded, the blockchain can run faster, handle more users and execute complex transactions more efficiently without overload. In 2026, BNB Chain said it's developing a blockchain architecture capable of processing 20,000 transactions per second (TPS) with under 150 milliseconds confirmation times. It will introduce native privacy features, upgradable virtual machines and user-friendly tools that may provide the feeling of a centralized exchange while having Web3 levels of control. 'The next phase of BNB Chain will make onchain access as intuitive as logging into your favorite app, while still giving you full control of your assets,' BNB Chain wrote. Upgrade stems from an increase in demand A BNB Chain representative told Cointelegraph that the planned upgrades reflect the chain's current momentum and future demand. The BNB Chain team said that the network saw significant growth in activity, logging 12.4 million daily transactions in the first half of the year. The representative also shared that the network peaked at 17.6 million transactions in a single day. 'Our 5,000 swaps per second goal this year is about proactively scaling infrastructure to ensure smooth UX during peak moments, without compromising cost, speed, or fairness,' the representative told Cointelegraph. The representative also told Cointelegraph that the team will work with its community to explore native protocol-level privacy infrastructure. They said that users want to transact and interact with smart contracts without exposing sensitive details publicly. 'Also, professional traders eager to introduce more traditional financial services to protect their trading,' the representative said. Ethereum gears up for the upcoming years Apart from BNB Chain, Ethereum is also gearing up for the upcoming years. On July 11, Ethereum Foundation developer Sophia Gold wrote that the network is preparing to integrate zero-knowledge technology into the mainnet. Furthermore, Ethereum proponents are pushing the idea of layer-1 networks transitioning to Ethereum layer 2s. On Wednesday, Ethereum co-founder Vitalik Buterin suggested a minimalistic approach to building layer-2 networks, supporting the narrative of layer-1 networks switching to Ethereum. Source:
Crypto Insight
11-07-2025
- Business
- Crypto Insight
DeFi platforms join forces to launch ‘battle royale' trading competition
Decentralized exchange dYdX has integrated its trading engine into the Onchain app, aiming to deliver a seamless self-custodial experience for trading perpetuals. For the modern digital native, life happens on a phone. Banking, investing and socializing are all powered by slick apps that work instantly. Yet, for years, the world of onchain, self-custodial trading has often felt like a step back in time, featuring a disjointed experience of browser extensions, app-switching and clunky interfaces. A pocket-sized advanced trading engine Decentralized trading platform dYdX has announced a new collaboration with Onchain to close the gap between user expectations and onchain trading reality. The DeFi platform has integrated its infrastructure directly into the Onchain mobile app. Launched on June 30, the partnership aims to deliver a fluid, self-custodial, advanced trading experience directly from a user's phone. Users can trade over 200 perpetual markets with a full-featured interface designed for clarity and precision, complete with intuitive controls and charting tools. The key is its native feel and deep market access: no switching between platforms or creating additional accounts. This approach combines dYdX's infrastructure with the Onchain wallet to create a user experience that is powerful and simple. Commenting on the collaboration, the project teams noted that advanced trading 'can be mobile, onchain, self-custodial and feel just as good.' dYdX 🤝 @cryptocom Users of Onchain app can now trade with up to 50x leverage – powered by dYdX. Seamless UX. Trusted security. Powered by dYdX. — dYdX (@dYdX) June 30, 2025 $60,000 battle royale for onchain traders To celebrate the new collab, the teams are announcing 'Onchain Royale,' a trading competition with a $60,000 prize pool. Registration for the event opens on July 10 and closes on July 14, with the competition running for two weeks from July 15 to July 29. To participate, traders must register via the Onchain Wallet and deposit at least $100 into their dYdX perps account. Onchain Royale is unique because it offers two paths to victory: Top traders by ROI climb the main leaderboard and compete for a share of $40,000 Smaller traders with a positive ROI at the end of the competition unlock a share of the $20,000 profitability pool The competition is split into two distinct categories to reward different types of traders: Performance pool: A $40,000 prize pool is reserved for the top 50 most skilled traders, ranked by their return on investment (ROI). The top trader will take home a reward of $8,000. To be eligible, traders must generate at least $10,000 in volume, execute a minimum of three trades during the competition period and end the competition with a performance baseline of at least $100. A $40,000 prize pool is reserved for the top 50 most skilled traders, ranked by their return on investment (ROI). The top trader will take home a reward of $8,000. To be eligible, traders must generate at least $10,000 in volume, execute a minimum of three trades during the competition period and end the competition with a performance baseline of at least $100. Participation pool: A $20,000 prize pool will be shared equally among participants who trade responsibly. Eligibility requires ending with a positive ROI, trading a minimum of $2,000 in volume and starting with at least $100 in equity. All participants must begin with a minimum equity of $100 in their perpetuals account and use the Onchain wallet for all trades. Should a trader qualify for both pools, they will be awarded the prize with the higher value. Rewards will be distributed directly into the winners' dYdX chain Perpetuals accounts within 2 weeks of the end of the competition. This integration signals a maturing phase for decentralized finance (DeFi). By embedding trading infrastructure directly within an intuitive self-custodial wallet, the gap between the promise of onchain finance and its practical everyday use gets significantly smaller. It's a step toward a future where decentralized trading is powerful and accessible to anyone, anywhere, right from their pocket. Source:
Crypto Insight
09-06-2025
- Business
- Crypto Insight
Sui DEX restarts, plots open-source move after massive exploit
Cetus Protocol, a Sui-native decentralized exchange that suffered a huge $220 million exploit in May, says it is now working on going open-source following its recent relaunch. An attacker exploited a pricing mechanism flaw to drain tokens from Cetus' major liquidity pools on May 22. The protocol managed to freeze $162 million of the stolen funds shortly after. Trade volume on Cetus had been trending upward before the attack, registering over $5 billion in April and another $5 billion in May, despite shutting down after May 22. Cetus liquidity pools replenished with loan and reserves In a June 7 Medium post, a day before its relaunch, the Cetus team said it's moving toward being fully open-sourced, with a new white bounty program, to 'encourage collective technical and security contributions.' As part of the relaunch, the team says it 'worked around the clock' and patched the software vulnerability, which allowed the hack, restored pool data to the correct pricing and conducted security audits on all code fixes and contract upgrades. Affected liquidity pools were replenished using a combination of $7 million in cash reserves, a $30 million USDC loan from the Sui Foundation and some of the recovered assets from the attacker. However, not all affected pools were fully restored, with the current recovery rate between 85% and 99%, depending on how much pool was drained during the attack, according to the Cetus team. Cetus sets aside tokens for compensation plan As part of a compensation plan for affected users, 15% of the protocol's native token supply, CETUS, is being set aside, with 5% available immediately and 10% linearly unlocked every month over the next year, starting June 10. The Cetus token is down over 12% in the last 24 hours, trading at $0.11, according to CoinGecko. There are also plans to upgrade the protocol monitoring system and have additional rounds of security audits. Protocol is still chasing funds Cetus said legal action is still on the cards, with legal proceedings launched in 'multiple jurisdictions' and law enforcement agencies 'actively involved' as well. 'The attacker ignored our previous white hat offer and has begun attempting to launder assets — a futile and traceable act. We are highly confident that successful arrest and recovering the remaining assets is only a matter of time,' the team said. The day after the hack, Cetus offered a white hat bounty of up to $6 million to the exploiter if they returned the stolen 20,920 Ether, worth over $55 million, along with the $162 million in stolen funds frozen on the Sui blockchain. Source:
Associated Press
15-05-2025
- Business
- Associated Press
XenDex Prepares to Unveil Platform as $XDX Presale Enters Final Countdown
SYDNEY, May 15, 2025 (GLOBE NEWSWIRE) -- Following the successful completion of its soft cap and an influx of thousands of early adopters, XenDex is excited to confirm that Version 1 of its all-in-one decentralized exchange (DEX) is actively in development. A first-look mockup of the platform's user interface will be revealed in the coming days, offering the community an exclusive preview of what's to come. XenDex V1 is being built as a sleek, intuitive, and beginner-friendly platform that integrates the most in-demand decentralized finance features, all designed specifically for the XRP Ledger. Key functionalities include AI-powered copy trading, non-custodial lending and borrowing, staking and yield farming, cross-chain trading, and DAO governance all seamlessly accessible from a single dashboard. Join XenDex Presale Now And here's the game-changer: Early access to XenDex V1 will be exclusively available to $XDX presale participants. Why $XDX Is Gaining Massive Traction XRP is currently experiencing renewed institutional interest following major milestones such as; SEC's withdrawal of the Ripple lawsuit, Approval of ProShares' XRP Futures ETF, Launch of Brazil's first XRP Spot ETF etc. With bullish sentiment returning to the market, analysts and speculators alike are projecting long-term targets as high as $1,000 per XRP. In this surging landscape, XenDex is emerging as the foundational DeFi layer for the XRP ecosystem, with $XDX fueling every key operation on the platform. Final Stage of Presale — Limited Supply Remaining Secure Your Tokens Now: $XDX Exchange Listings Confirmed Upon conclusion of the presale, $XDX will launch on major exchanges, including: Buy XDX on XenDex These listings are expected to boost liquidity, increase exposure, and drive global adoption. XenDex Feature Highlights Don't Miss the Launch Phase Buy $XDX On Presale With the mockup reveal imminent, the full DEX release on the horizon, and final $XDX presale tokens disappearing fast, now is the time to join us. Be among the first to use the platform. Join the DeFi revolution on XRP. Official XenDex Links Contact: Frank Richards [email protected] Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at
Bloomberg
13-05-2025
- Business
- Bloomberg
Hyperliquid Grows Into a Major Player in Crypto Derivatives
Muyao Shen reports on how Hyperliquid now ranks among the biggest venues for perpetual Bitcoin swaps, known as perps. Decentralized exchanges – the type of peer-to-peer trading platforms with few intermediaries – are finally getting closer to their dream of breaking into a market that's dominated by Binance and other centralized exchanges.
