DEX | ForkLog - Part 11

ForkLog 71 06.02.2025

Users Suffer Losses from Meme Coin Scam on Hacked Jupiter X Account

On February 5, the official account of the DEX aggregator Jupiter on X was hacked by unknown individuals to promote a series of fraudulent meme tokens. The incident was reported by the Jupiter Mobile page (the tweet has since been deleted). Content of the original Jupiter Mobile tweet. Source: X. Users were advised not to […]

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ForkLog 57 04.02.2025

Raydium Surpasses Uniswap in Trading Volume Once Again

In January, the monthly trading volume on the decentralized Solana-based exchange Raydium exceeded that of the Ethereum-based Uniswap, which traditionally leads the DEX rankings. Monthly trading volume distribution among DEXs. Data: The Block. Raydium’s turnover reached $124 billion, accounting for 27.11% of the segment’s total, while Uniswap recorded $100 billion or 21.96%. In December 2024, […]

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ForkLog 36 01.02.2025

DEX Trading Volume Surpasses $560 Billion, Solana Dominates Half

In January, the total turnover on DEX reached a record $564.56 billion, marking the highest levels since September.

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ForkLog 59 31.01.2025

Uniswap Labs Launches Uniswap v4

Uniswap Labs has released an update to the Uniswap protocol, unveiling Uniswap v4. The new version of the decentralized exchange (DEX) supports 10 blockchain networks: Ethereum, Polygon, Arbitrum, OP Mainnet, Base, BNB Chain, Blast, World Chain, Avalanche, and Zora Network. Uniswap v4 is here? Users can LP on v4 through the Uniswap web app and […]

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ForkLog 21 29.01.2025

Meteora DEX on Solana Sees Trading Volume Soar to $37 Billion Monthly

In January, the decentralized exchange (DEX) Meteora, part of the Solana ecosystem, recorded a trading volume of $37 billion. The previous month, the figure stood at $990 million, according to data from The Block. Data: The Block. The DEX increased its market share to approximately 9% and entered the top five in trading volumes within […]

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ForkLog 18 29.01.2025

DeFi Resurgence Spurs 37% Increase in Active Ethereum Addresses

Since November 1, the number of active Ethereum addresses (7 DMA) has surged by 37%, from 420,000 to 575,000. The catalyst has been a renewed interest in DeFi from institutional investors, according to The Block. Data: The Block. During the same period, the daily number of transactions (7 DMA) jumped from 1.08 million to 1.31 […]

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ForkLog 46 29.01.2025

Decentralized Derivatives Trading to Hit $3.48 Trillion by 2025

Throughout 2024, trading volume for perpetual contracts on decentralized exchanges reached a record $1.5 trillion and is likely to continue its rapid growth. These insights were shared by dYdX analysts in their Annual Ecosystem Report 2024. Trading volume of perpetual futures on DEX. Data: dYdX. Over the past year, trading volume in the segment grew […]

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ForkLog 24 22.01.2025

Jupiter Token Declines Ahead of 700 Million JUP Airdrop

The price of the JUP token, part of the DEX liquidity aggregator within the Solana ecosystem, fell by 4.6% over the past day ahead of the scheduled airdrop of 700 million coins on January 22. Data: CoinGecko. The token distribution, described by the team as “the largest giveaway in history,” will commence at 17:30/18:30 (Kyiv/MSK). […]

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ForkLog 72 21.01.2025

Solana Achieves Record-Breaking Weekend Amidst Crypto Frenzy

On the eve of Donald Trump’s inauguration, daily trading volume on the DEX network of Solana surged to $27 billion, surpassing Ethereum’s $5 billion. These figures were highlighted by DeFi enthusiast and founder of Pink Brains studio, known as Ignas. Probably the craziest weekend in crypto. Here are 10 charts to visualize it: 1. Record-breaking […]

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ForkLog 19 19.01.2025

Solana hits record high as on-chain trading surges

On 18 January, Solana (SOL) set a new all-time high around $270. The token rose 45% over the past week. 15-minute SOL/USDT chart on Binance. Data: TradingView. The coin surpassed its previous record from November 2024, when it peaked at $254. The rally was driven by the launch of the “official” TRUMP memecoin by U.S. […]

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ForkLog 95 13.01.2025

CEX spot volumes surged 139% in 2024

Spot trading volumes on centralized exchanges (CEXs) rose 139% in 2024 from the previous year, WuBlockchain said in its annual report. Totals were about $7.68 trillion in 2023 and $18.38 trillion in 2024. Spot trading volumes on centralized exchanges, 2023–2024. Source: WuBlockchain. Crypto.com led growth with a 960% increase. Bybit ranked second at 392%, Gate […]

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ForkLog 53 13.01.2025

Zoomex review: up to 150x leverage and 100 BTC withdrawals without KYC

According to a Messari report, DEX trading volumes rose by 328% in 2024. In line with this trend, more centralised venues such as Binance and OKX are adding Web3 features to their ecosystems. Together with the team behind the hybrid crypto exchange Zoomex, we outline how to combine CeFi and DeFi on a single platform. […]

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