DEX

KyberSwap, a decentralized exchange (DEX), has fallen victim to a significant exploit, resulting in the loss of approximately $46 million in various crypto assets. The incident, which raised concerns among users about the security of their assets, was reported by Kyber Network on Nov. 23. The team said the attack targeted KyberSwap Elastic, its auto […]

THORChain, a decentralized crypto trading protocol capable of cross-chain swaps, has emerged as a prominent player in the decentralized exchange (DEX) landscape by securing the third-highest trading volume in the past week. Users appear drawn to the high yield associated with its native token, RUNE.  Last week, THORChain’s trading volume hit $1.32 billion, third to […]

The Uniswap Foundation aims to secure an additional $62 million in funding. They plan to allocate $15 million annually towards community grants supporting decentralized finance (DeFi) projects. The second tranche of funding is subject to an on-chain vote scheduled for October 4. This funding will bolster the development efforts of Uniswap, the leading decentralized exchange […]