DEX | ForkLog - Part 7

ForkLog 211 30.07.2025

Hyperliquid Faces Disruption Amid Traffic Surge

On July 29, the popular DEX for perpetual futures trading, Hyperliquid, experienced a brief disruption. According to the status page, a sudden surge in traffic led to issues with the API. Source: Hyperliquid Status. “From 14:10 to 14:47 UTC, there was a delay in order transmission to nodes due to API server overload caused by […]

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ForkLog 55 11.07.2025

Hacker Returns $40 Million Stolen from GMX

The perpetrator has returned nearly all the funds stolen from the GMX protocol, agreeing to a $5 million reward offered by the project’s team. #PeckShieldAlert #GMX Exploiter msg: funds will be returned later pic.twitter.com/ohlOVYWSvD — PeckShieldAlert (@PeckShieldAlert) July 11, 2025 An unknown individual withdrew assets from the GLP coin pool on GMX V1 in the […]

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ForkLog 80 09.07.2025

Hacker Breaches GMX DEX for $42 Million

The decentralized exchange (DEX) GMX has fallen victim to a hacking incident, resulting in approximately $42 million in digital assets being stolen. The suspicious outflow of funds was first noticed by a researcher known as DeFi Cheetah. GMX seems to have been exploited for ~$42M. Exploiter Address: https://t.co/lQ4vAwod7J…It seems to be a re-entrancy attack where […]

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ForkLog 120 04.07.2025

Turkey Blocks Access to PancakeSwap and CryptoRadar

The Capital Markets Board of Turkey (CMB) has blocked access to the decentralized exchange (DEX) PancakeSwap and the price comparison platform CryptoRadar, as reported by local media. The reason cited was “providing services with crypto assets without permission.” This marks the first instance of sanctions being applied to a DEX in the country. The CMB […]

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ForkLog 28 02.07.2025

DEX Gains Market Share Amid Decline in CEX Activity

In June, the ratio of futures trading volumes between DEX and CEX reached an all-time high of 8%. Meanwhile, spot trading on centralized platforms fell to its lowest level since September 2024. A key driver of growth in the derivatives sector was the platform Hyperliquid. Despite a 15% decline in its own trading volume to […]

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ForkLog 75 20.06.2025

Jupiter Team Halts DAO Operations

The team behind the Solana-based DEX aggregator, Jupiter, has suspended DAO voting until 2026, according to Chief Operating Officer Kash Dhanda. This decision follows a wave of criticism from the community. Pausing DAO Voting to Focus on Jupiter & Jupiverse@JupiterExchange stands at the edge of an inflection point. The window to define the future of […]

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ForkLog 67 16.06.2025

Bybit to Launch Hybrid Solana Exchange Byreal

Cryptocurrency exchange Bybit has announced the launch of Byreal, a hybrid DEX offering “centralized platform-level liquidity.”

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ForkLog 118 03.06.2025

Trader James Wynn Reopens $140 Million Bitcoin Long Position

Cryptocurrency trader James Wynn has once again opened a margin position on perpetual bitcoin futures on the Hyperliquid platform, this time nearly reaching $100 million. This move comes just days after the liquidation of a similar trade following a drop in the digital asset’s value below $105,000. June 3, 2025 | 18:51Update: Wynn has increased […]

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ForkLog 92 03.06.2025

Paradigm Proposes Stablecoin-Focused AMM for DEX

The AMM developed by Paradigm, named Orbitals, enables large liquidity pools to adjust their risk exposure for a “significant improvement” in capital efficiency. According to experts, this outcome was achieved by taking concentrated liquidity to “other dimensions.” Unlike existing decentralized trading solutions such as Uniswap V3 with two assets, and Curve, which supports multi-token pools […]

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ForkLog 97 02.06.2025

BNB Chain Surpasses Ethereum and Solana in DEX Trading Volume

On May 26, trading volume on decentralized exchanges (DEX) within the BNB Chain network reached $13.31 billion. According to DeFi Llama, this figure was 7.9 times higher than Ethereum’s $1.675 billion and 5.7 times greater than Solana’s $2.32 billion. BNB Chain’s trading volume exceeded the combined total of the ten largest blockchains. BNB Chain is […]

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ForkLog 73 02.06.2025

Decentralized Exchanges Capture 25.3% of Trading Volume Against Centralized Counterparts

In May, trading volume on decentralized exchanges (DEX) reached $410.2 billion, accounting for more than a quarter of the equivalent figure for CEX. According to The Block, this 25.3% share marks a historic high. The previous record for the DEX/CEX volume ratio was 20.1%, achieved in January. Data: The Block. In May, PancakeSwap led decentralized […]

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ForkLog 51 30.05.2025

Cetus Team Unveils Recovery Plan

The Sui network community approved an emergency update necessary for the recovery of the decentralized exchange Cetus following a breach. Over 90% of validators and stakers supported the decision during the vote. The DEX team expressed gratitude to participants and announced plans for a complete recovery and relaunch of the project in approximately one week. […]

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