The latest in decentralized exchange innovation, liquidity trends, and on-chain trading data.
Perps replace one off event contracts with always on leverage and margin calls, raising the stakes for regulators and users.
Oluwapelumi Adejumo 9 min read 
Tether just challenged Circle’s USDC grip on Solana by rescuing Drift Protocol and forcing a new USDT standard.
Aave and CoW Protocol defend platforms, emphasizing user error and highlighting the need for enhanced DeFi safeguards.
With benchmarks dark, always on metals perps became the live risk barometer and one venue tracked Sunday’s reopen best.
A New York judge drew a hard line on neutral infrastructure, and it could ripple from DeFi into app stores and AI.
HYPE defies market turmoil by thriving on volatility, expanding into real world assets, and capitalizing on prediction markets.
With massive on chain perp scale, visible leverage can turn big positions into crowd magnets and liquidation targets.
Coinbase folds Vector tech into its app while Tensor Foundation keeps the marketplace and TNSR, stoking questions about pre-announcement buying and tokenholder upside on future launches.
Hyperliquid, Aster and Lighter drove a ~50% MoM surge. Here’s who’s winning and why it matters for CEXs.
