DEX | ForkLog - Part 12

ForkLog 46 29.01.2025

Decentralized Derivatives Trading to Hit $3.48 Trillion by 2025

Throughout 2024, trading volume for perpetual contracts on decentralized exchanges reached a record $1.5 trillion and is likely to continue its rapid growth. These insights were shared by dYdX analysts in their Annual Ecosystem Report 2024. Trading volume of perpetual futures on DEX. Data: dYdX. Over the past year, trading volume in the segment grew […]

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ForkLog 26 22.01.2025

Jupiter Token Declines Ahead of 700 Million JUP Airdrop

The price of the JUP token, part of the DEX liquidity aggregator within the Solana ecosystem, fell by 4.6% over the past day ahead of the scheduled airdrop of 700 million coins on January 22. Data: CoinGecko. The token distribution, described by the team as “the largest giveaway in history,” will commence at 17:30/18:30 (Kyiv/MSK). […]

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ForkLog 74 21.01.2025

Solana Achieves Record-Breaking Weekend Amidst Crypto Frenzy

On the eve of Donald Trump’s inauguration, daily trading volume on the DEX network of Solana surged to $27 billion, surpassing Ethereum’s $5 billion. These figures were highlighted by DeFi enthusiast and founder of Pink Brains studio, known as Ignas. Probably the craziest weekend in crypto. Here are 10 charts to visualize it: 1. Record-breaking […]

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ForkLog 22 19.01.2025

Solana hits record high as on-chain trading surges

On 18 January, Solana (SOL) set a new all-time high around $270. The token rose 45% over the past week. 15-minute SOL/USDT chart on Binance. Data: TradingView. The coin surpassed its previous record from November 2024, when it peaked at $254. The rally was driven by the launch of the “official” TRUMP memecoin by U.S. […]

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ForkLog 103 13.01.2025

CEX spot volumes surged 139% in 2024

Spot trading volumes on centralized exchanges (CEXs) rose 139% in 2024 from the previous year, WuBlockchain said in its annual report. Totals were about $7.68 trillion in 2023 and $18.38 trillion in 2024. Spot trading volumes on centralized exchanges, 2023–2024. Source: WuBlockchain. Crypto.com led growth with a 960% increase. Bybit ranked second at 392%, Gate […]

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ForkLog 66 13.01.2025

Zoomex review: up to 150x leverage and 100 BTC withdrawals without KYC

According to a Messari report, DEX trading volumes rose by 328% in 2024. In line with this trend, more centralised venues such as Binance and OKX are adding Web3 features to their ecosystems. Together with the team behind the hybrid crypto exchange Zoomex, we outline how to combine CeFi and DeFi on a single platform. […]

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ForkLog 42 30.12.2024

Hyperliquid Introduces HYPE Staking

The developers of the decentralized exchange Hyperliquid have announced the launch of a staking mechanism for their native token, HYPE, on the mainnet. Staking is now live on mainnet. Staking is an important milestone for Hyperliquid because it allows the diverse community of HYPE stakers to collectively secure the network. Like other proof of stake […]

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ForkLog 27 30.12.2024

DEX Trading Volume Hits Record $463 Billion in December

In December, the total trading volume on decentralized exchanges reached a record high of $463 billion. Monthly DEX capitalization chart. Data: DeFi Llama. Uniswap led the platforms with $106.4 billion. Pancake Swap followed with $96.4 billion, and Raydium came third with $58 billion. Top 10 DEX by trading volume. Data: DeFi Llama. According to The […]

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ForkLog 24 27.12.2024

Jupiter DEX Aggregator Announces New Airdrop

The largest DEX liquidity aggregator in the Solana ecosystem, Jupiter, plans to conduct an airdrop of 700 million JUP in January 2025. Jupuary 2025 ? Here is the first Overview of the upcoming Jupuary distribution. Team decided to go with a split between Users & Stakers and Carrots & Good Cats. This way we are […]

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ForkLog 36 24.12.2024

North Korean Cyber Threats Trigger $249 Million Outflow from Hyperliquid

On December 23, the TVL of the Hyperliquid platform decreased by $249 million to $2.08 billion, according to Dune Analytics. This followed activity by North Korean hackers on the platform and speculation about a potential breach. Data: Dune Analytics. The community speculated that the perpetrators might gain control over most validators, similar to the Axie […]

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ForkLog 398 23.12.2024

Hype or a new standard? What Hyperliquid’s airdrop—history’s most generous—teaches us

In late November 2024 the decentralised exchange (DEX) Hyperliquid carried out a genesis airdrop of its native token, HYPE. Roughly 31% of the total supply went to community participants, allocated in proportion to points earned at an early stage. The giveaway was the largest on record, worth about ~$10.8bn at the token’s peak. Since then […]

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ForkLog 60 23.12.2024

Uniswap to Launch Unichain Mainnet in Early 2025

The team behind Unichain, a layer-two Ethereum solution from the decentralized exchange Uniswap, has announced the launch of its mainnet in early 2025. Back in October, we announced Unichain ✨ Today we’re sharing the official Unichain roadmap to public mainnet and beyond And we’re also announcing that Unichain will go live with permissionless fault proofs […]

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