BITPRISMIA
Hyperliquid's success as a decentralized exchange (DEX) stems from its community-first approach, migration to its own Layer-1 network (HyperEVM), and unique tokenomics, achieving significant revenue and market share without traditional VC funding.
A trader on the decentralized exchange Hyperliquid experienced a $10 million loss due to high-leverage trading, highlighting the amplified risks and potential pitfalls of such strategies in volatile crypto markets.
A Bitcoin whale suffered a $40 million liquidation on Hyperliquid due to Bitcoin's price drop below $115,000, highlighting the risks of leveraged trading in decentralized exchanges.
Validity is launching Cryptoswap, a decentralized exchange with a unique VAL token buyback mechanism funded by 100% of swap fees, aiming to create a sustainable ecosystem for the VAL token.
Hyperliquid, a decentralized perpetual futures exchange, experienced technical issues preventing users from executing trades and managing positions, highlighting challenges in DeFi platforms.
Momentum DEX, a decentralized exchange on the Sui blockchain, has rapidly grown to 1 million users in just over four months, signaling its potential as a significant player in the DeFi space.
Etherex DEX, a new decentralized exchange, is set to launch on July 28 on the Linea zkEVM-based Ethereum layer-2 network, offering innovative liquidity provision, governance, and a superior trading experience.
Decentralized exchange GMX was exploited for over $42 million in crypto assets, with the developers offering the hacker a 10% white-hat bounty for the return of the funds.
In June, DEX trading volumes reached a historic peak, driven by growth in platforms like PancakeSwap and Hyperliquid, while CEX volumes remained flat, with hybrid CeDeFi platforms emerging as a trend.