Decentralized exchange

Decentralized exchange

Policy

‘Scam token’ case against Uniswap dismissed by U.S. district judge in NYC

District Judge says that due to the protocol’s decentralized nature, the identities of the scam token issuers are basically unknown, leaving plaintiffs with no identifiable defendant.

GenLayer is building an on-chain court system. (Credit: Unsplash, Wesley Tingey)

Markets

Bitcoin briefly crashes below $48,000 on upstart exchange despite crypto rally

A single large sell order triggered a 30% flash crash on decentralized perp exchange Lighter even as bitcoin was climbing elsewhere.

16:9 Lightning (Nordseher/Pixabay)

Finance

Decibel goes live on Aptos with a $58 million war chest and a secret weapon from Stripe's Bridge

After a testnet with 700,000 accounts and $50 million in pre-deposits, Decibel begins mainnet trading with an onchain order book and risk engine on Aptos.

Trading screens at sunset (sergeitokmakov/Pixabay/Modified by CoinDesk)

Finance

Aero DEX aims to fix liquidity fragmentation and dethrone the incumbents

The rollout of Aero, targeted for the second quarter of 2026, will take direct aim at incumbents like Uniswap and Curve, the team told CoinDesk.

Flight, Aeroplane (RENE RAUSCHENBERGER/Pixabay)

Web3

Aerodrome Finance Hit by 'Front-End' Attack, Users Urged to Avoid Main Domain

The attack did not compromise the underlying smart contracts, but users are advised to avoid the compromised domains and instead use decentralized ENS domains.

(Clint Patterson/Unsplash/modified by CoinDesk)

Finance

Lighter Raises $68M at $1.5B Valuation to Take on Decentralized Derivatives Rivals: Report

Backed by Founders Fund, Haun Ventures and Robinhood, zk-rollup-powered Lighter plans to expand its institutional trading suite.

A storm light stands alone in a desolate landscape (Unsplash, modified by CoinDesk)

Finance

Bunni DEX Shuts Down, Cites Recovery Costs After $8.4M Exploit

The team cannot afford the cost of relaunching the protocol, which would require significant investment in audits and development.

Fluffy bunny (Pablo Martinez/Unsplash)

Markets

Crypto Perp DEX Mania May Quickly Fizzle Out, BitMEX CEO Says

A competitive battle has erupted in the perpetual decentralized exchange sector, with emerging platforms like Aster and Lighter significantly challenging Hyperliquid’s former dominance.

BitMEX CEO Stephan Lutz presents at Token2049 (BitMEX)

Markets

Trader Who Bet $1B on Bitcoin, Returns With 3x Leveraged Long on Aster

James Wynn's new trade comes just days after being liquidated on the same token, as he believes ASTER's airdrop will be one of the biggest in crypto history.

Stock market price charts (Anne Nygård/Unsplash)

Finance

Decentralized Exchange GMX Exploited for $42M, Offers Hacker 10% White Hat Bounty

A portion of the stolen funds has already been bridged from Arbitrum to Ethereum.

Under a low-light red lamp, a pair of hands types on a keyboard. (Wesley Tingey/Unsplash+)