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” Attackers loot $5M from Osmosis in LP exploit, $2M returned soon after “ Osmosis, a decentralized exchange (DEX) built on the Cosmos network, was halted just before 3:00 am EST on Wednesday after attackers exploited a liquidity provider (LP) bug to the tune of roughly $5 million. The bug was first identified in a Reddit post…
” Maiar decentralized crypto exchange goes offline after bug discovery “ The Maiar Exchange, a decentralized exchange (DEX) native to the Elrond blockchain, has been temporarily taken offline after an attacker utilized an exploit and made off with roughly $113 million worth of Elrond eGold (EGLD). Minutes before 12:00 am UTC on Monday, the co-founder…
” Balancer launches on Ethereum L2 network Optimism “ Automated market maker and decentralized finance (DeFi) protocol Balancer has officially deployed on Optimism, the highly touted Ethereum layer-2 scaling solution, in a move designed to enhance user functionality by increasing scalability and reducing fees. Balancer’s Optimism deployment was carried out in conjunction with Beethoven X,…
” Uniswap breaks $1T in volume — but has only been used by 3.9M addresses “ Decentralized exchange (DEX) Uniswap has topped $1 trillion in total trading volume since launching on Ethereum in late 2018. That comes from a relatively small user base however, indicating there is a lot of potential growth to come. According…
” DAOs, DEXs and whales? How Web3 organizations became the new crypto beasts “ Web3 has brought a lot of excitement into the industry, as evidenced by the nearly $50 billion market capitalization Web3 tokens have grown in recent years. The very ethos of Web3 is one of its most attractive traits. It is an…
” DEX aims to take on Uniswap with its concentrated liquidity bet “ Decentralized exchange (DEX) protocols have become a key part of the decentralized finance (DeFi) ecosystem where liquidity and liquidity providers play a pivotal role in keeping the vastly growing space moving. While DEX protocols have seen billions in daily trading volume, the…
” New $250M TONcoin Fund targets DEX and NFT tools on TON blockchain “ The TON Foundation, an organization building on the Telegram-initiated blockchain project, The Open Network (TON), has chosen the TONcoin Fund as its official ecosystem fund. The TONcoin Fund announced on Monday the launch of an ecosystem fund focusing on supporting TON-based projects,…
” Solana NFT marketplace integration and DApp metrics shine even after SOL’s 20% drop “ Solana (SOL) price reached $143.50 on April 2 after an incredible 82% rally over a 20 day period. This positive performance can be attributed to recent NFT markets-related news and a marketwide bounce, but the current 22.7% decline could have…
” DEXs and KYC: A match made in hell or a real possibility? “ In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century. The White House came out with…
” Li Finance protocol loses $600,000 in latest DeFi exploit “ The Li Finance swap aggregator has experienced a smart contract exploit leading to the loss of around $600,000 from 29 users’ wallets. The exploit took place at 2:51 am UTC on March 20. The attacker was able to extract varying amounts of 10 different…