DeFi
Why 90% of your DeFi trades are quietly being routed back to Wall Street market makers
The shadowy market makers DeFi tried to replace are taking over again.
Andjela Radmilac 15 min read
DEX News
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Analysis
XRP Ledger crossed 5 billion transactions, but 92% of August activity came from just 767 bots
Bitquery found just 793 sender accounts produced 93.2% of all August transactions as broader account participation remained thin.
Derivatives
Hyperliquid tests allowlists that let operators restrict access to their own markets
HIP-3* adds venue-scoped controls without changing existing permissionless markets.
Latest DEX News & Analysis
DeFi
Uniswap trading volume explodes to record levels over 7 million per day – but actual fees lag far behind
More than 7 million daily swaps fit the record pace, while public data cannot show what share reached fee-enabled pools.
Tokenization
Crypto stock tokens barely move over weekend, revealing markets become illiquid when Wall Street goes offline
Four Aerodrome pools showed $6.07 million in displayed liquidity while official Aave V3 records listed none of the B20 assets.
Outage
Over 2 million DOGE sit trapped in limbo as Dogechain keeps printing blocks past its final deadline
The RPC and explorer remained available beyond noon, but QuickSwap’s Dogechain route redirected users to Polygon and bridge withdrawals remained unproven.
Research
A tiny cluster of Solana bots unlocked a 3x trading advantage by routing through one proprietary protocol
The 62.3% versus 21.01% split covers one 12-address MEV-like group and shows association, not causation.
Trading
Bitcoin whale dumps $122 million 40x long right before liquidation can strike
The Hyperliquid Bitcoin whale wipes out $61,605 liquidation risk, erasing the market’s clearest liquidation target.
Wallets
Robinhood Chain tokens are reportedly vanishing from wallets causing buyers to lose funds
Relay says the money spent is gone, while private keys and unrelated balances remain untouched.
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Regulation
Hyperliquid’s UK warning reveals the regulatory test behind its Wall Street push
DeFi
84% of BTC hashrate secured Bitcoin DeFi in Q1, but miners saw little fee upside
Technology
New York targets crypto with new $3.4B fines as perpetual futures turn prediction apps into nonstop leverage casinos
Stablecoins
