The latest news, updates, and development on decentralized exchanges, otherwise known as DEXs.
Arbitrum-based DEX ArbiSwap rugs users days after launch – token down 99%
Based on on-chain data, the Arbi rug pullers stole roughly 84 ETH from the project and already moved it to Tornado Cash.
Launch Zone halts trading, transfer of native token following hack
Launch Zone has halted trading and transferring of its native token LZ until further notice after hack drains 80% of the liquidity pool.
Uniswap BNB deployment passes with 66% yes votes despite a16z rejection
The proposal to deploy UniswapV3 to BNB Chain was accepted with 66% on Feb. 10, even though Andreessen Horowitz used 15M votes to oppose it.
CoW Swap said it suffered no loss – despite $166k exploit
CoW Swap said an external party that had access to its settlement contract had set approval to a "bad contract" 10 days ago.
A16z 15M bloc vote against Uniswap BNB Chain deployment raises decentralization concerns
A16z said it does not believe Wormhole offers the most secure bridging option for Uniswap, citing its network vulnerabilities.
Squid brings native cross-chain swaps to 25 blockchains
Axelar powered protocol, Squid, raised $3.5M to bring cross-chain swaps to EVM and Cosmos ecosystems
OracleSwap suspends FTSO operation after private keys compromised
Flaremetrics has urged delegates on OracleSwap to revoke access and change to other FTSO providers after the validator's private keys were compromised.
Sudden rise in Canto gives some investors pause
Stablecoin FUD leads some to suggest Note may be unhealthy.
SushiSwap receives approval to clawback 6.2M SUSHI to Treasury
Early Sushi liquidity providers have until April 23 to claim their SUSHI rewards or forfeit them to the Treasury.
Raydium exploiter moves $2.7M to Tornado Cash
Blockchain security firm Certik flagged that a wallet linked to the Raydium exploiter has moved about 1,774.5 ETH to Tornado Cash, according to a tweet on Jan. 19.
SushiSwap to launch DEX aggregator and decentralized incubator in Q1
Head Chef Jared Grey said that by properly executing its vision, SushiSwap intends to increase its market share by 10x in 2023.
Nomad exploiter moves roughly $1.57M to Tornado Cash
The hacker sent 12 batches of 100 ETH to Tornado Cash, bringing the total transferred assets to 1,200 ETH — approximately $1.57 million.
SushiSwap CEO proposes new tokenomics to survive liquidity crunch
Under the new tokenomics model, SushiSwap will introduce token burn, time-lock tiers, and stop revenue sharing with non-liquidity providers.
Uniswap V3 was the most used Ethereum contract in 2022
The latest iteration of the popular DEX was the largest gaz guzzler on Ethereum, using up over 2.8 million gas in 2022.
SushiSwap Head Chef discloses $5.2M budget for DAO operation in 2023
Over 80% of SushiSwap's $5.2 million budget was allocated to salaries, with its top contributors earning up to $500,000 annually.
Selecting a derivatives DEX: An overview & comparison
For the purposes of this article, we'll be looking broadly at these three measures: security and privacy, transaction and cost efficiency and lastly, token ecosystems and reward-generating offerings.
SushiSwap’s Jared Grey proposes to allocate 100% of xSUSHI revenue to Treasury
To extend Sushi's runway beyond the next 1.5 years, Grey proposed that 100% of Sushi's revenue should be allocated to the Treasury for the next 12 months.