DEX

DEX

Tech

Bitcoin Startup Satflow Targets 'Mempool Sniping' in New Token-Trading Rival to Magic Eden

The project, which recently raised $7.5 million, says the new decentralized exchange (DEX) will target the market for Bitcoin-based tokens including Ordinals NFTs and Runes fungible tokens – aiming to curb unsavory transactional practices that are possible due to the blockchain's long block times.

Satflow takes aim at the practice known as 'mempool sniping' in new decentralized exchange for trading Ordinals and Runes tokens (A.B. Frost/Wikipedia, modified by CoinDesk using PhotoMosh)

Merkado

Curve Finance Mulls Removing TrueUSD as Collateral for Stablecoin Curve USD

“crvUSD is overexposed to minor stablecoins, especially TUSD which has a dubious track record and has recently been charged by the SEC with defrauding investors,” the proposer wrote.

(vlastas/iStock)

Tech

Osmosis Launches Cross-Chain Token Portal 'Polaris,' Expanding Beyond Cosmos Roots

Polaris is described as a "token portal" aimed at solving one of decentralized finance's biggest challenges: fragmented user experience.

Osmosis Labs co-founder Sunny Aggarwal (Danny Nelson/CoinDesk)

Merkado

Ether Beats CD20 as ETH ETFs Post Positive Inflows, DEX Tokens Rise

Many of the largest decentralized exchanges (DEX) tokens posted gains on Tuesday.

Ether spot ETFs to see same sources of demand as bitcoin versions but on lower scale: Bernstein. (Rob Mitchell/CoinDesk)

Merkado

Crypto Exchange D8X to Bring Tool for Trading Polymarket Contracts With Leverage

D8X Co-Founder Caspar Sauter explained in an interview that leverage is the missing part of the prediction markets economy, as it allows for higher market efficiency.

Cubes Blocks Leverage (Shutterstock)

Pananalapi

Decentralized Exchange Bluefin to Roll Out Token After Securing $17M in Total Funding

The exchange says it has already seen more than $25 billion in trading volume since the start of the year, with monthly revenues topping $1 million.

Bluefin v2 (Bluefin)

Tech

Solana DEX Drift to Airdrop 100M Tokens in Weeks

Some surprise winners in Drift's road to decentralization include MetaDAO.

DRIFT is airdropping over 100 million tokens. (Drift Protocol)

Pananalapi

Crypto Exchange Figure Markets Has a Plan to Democratize Finance

What appears to be another post-FTX trading-and-custody play with institutions in mind, is really all about visionary disruption.

Figure Technologies CEO Mike Cagney (CoinDesk archives)

Merkado

Solana Leapfrogs Ethereum on DEX Volume

The meme coin frenzy seems to have catalyzed higher volumes on the Solana blockchain, which also boasts greater capital efficiency than Ethereum.

Top blockchains by DEX volume. (DefiLlama)