DEX | ForkLog - Part 13

ForkLog 11 14.08.2024

Solana’s Path to $190: A More Realistic Outlook

The rise of Solana to $190 appears more realistic than reaching $300-1000, due to competition with Ethereum’s L2 and the risk of diminishing hype around meme coins. The Firedancer update could set a new standard for blockchain scalability. Expert forecasts for Solana’s price range from $300 to $1000, yet on-chain data suggests a more realistic […]

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ForkLog 17 01.08.2024

Solana Surpasses Ethereum in Monthly DEX Trading Volume

In July, the Solana ecosystem outpaced Ethereum in decentralized exchange trading volume for the first time, recording $55.8 billion compared to Ethereum’s $53.8 billion.

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ForkLog 9 30.07.2024

Decentralized Exchanges Reach Record Trading Volume Share

In July, the spot trading volume on decentralized exchanges (DEX) relative to centralized exchanges (CEX) reached a historic high, surpassing 14.3%. This is according to data from The Block Dashboard. The last time the figure approached these levels was in May 2023, at 13.7%. In monetary terms, July’s trading volume on DEX reached $144.2 billion. […]

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ForkLog 10 16.07.2024

Uniswap’s Browser Extension Now Open to All Users

The browser extension for Chrome, announced in February by the leading non-custodial exchange Uniswap, is now available to all users.

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ForkLog 10 02.07.2024

Uniswap Wallet to Enable Fiat Transactions via Transak Partnership

Developers of the non-custodial Uniswap Wallet will introduce the option to purchase cryptocurrencies using fiat through Apple Pay, Google Pay, and bank cards. This development is made possible through a partnership with the payment company Transak. Onboard to DeFi Like Never Before!@Transak ? @Uniswap ? Learn more on @TheBlock__ ? https://t.co/BizQCo764F ? @Uniswap integrates @Transak’s […]

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ForkLog 39 28.06.2024

Gotbit Admits to 70% Token Dump of WATER

Gotbit Hedge Fund, the market maker (MM) for the meme token WATER, has addressed analysts’ concerns by admitting to the deliberate crash of the asset’s price. On-chain analysts are worried about the “team” sales of $WATER tokens. However, most of these sales were conducted by Gotbit as part of MM operations. Why did we sell […]

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ForkLog 18 27.06.2024

Zeta Markets on Solana to Distribute 100 Million Tokens in Airdrop

The decentralized crypto derivatives exchange Zeta Markets, built on Solana, has initiated an airdrop of 100 million governance tokens, ZEX (formerly known as Z). The $ZEX Claim is Live! Claim your airdrop at https://t.co/MDMvOn4mjo. Welcome to the future of decentralized trading. pic.twitter.com/it7ZyVOvdu — Zeta Markets (@ZetaMarkets) June 27, 2024 The initiative aims to reward early […]

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ForkLog 15 18.06.2024

Base DEX Users Reach Record 267,000

The number of DEX users on Base has surged to an all-time high of 267,000. Recently, the number of Base DEX trading users has continued to grow, reaching 267k on June 17, a record high. Base DEX trading users have now surpassed BNB Chain and is second only to Solana. This is related to the […]

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ForkLog 15 11.06.2024

Uniswap Acquires Crypto Reality Game ‘Crypto: The Game’

The developer behind the decentralized exchange Uniswap has acquired the increasingly popular crypto reality game, Crypto: The Game (CTG), ahead of its next “season.” This was reported by Fortune. “We saw the excitement CTG generated, and Uniswap is focused on making the network experience more human and engaging,” said Uniswap Labs COO Mary-Catherine Lader. The […]

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ForkLog 19 03.06.2024

Velocore DEX Suffers $6.8 Million Loss in Exploit

The decentralized exchange Velocore has fallen victim to an attack, with a hacker extracting approximately $6.8 million in Ethereum (ETH) from pools in the L2 networks Linea and zkSyncEra. Post-mortem on the exploit of Velocore This incident is unlikely to extend to other protocols, so other users of @LineaBuild and @zksync can rest assured. We […]

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ForkLog 21 22.05.2024

Uniswap Labs Urges SEC to Reconsider Potential Lawsuit

In response to an April Wells notice from the SEC, Uniswap Labs described the agency’s legal reasoning as weak and expressed readiness for a legal battle. Read more about our response to the SEC’s Wells notice here ⤵️https://t.co/73pTSCkvnp — Uniswap Labs ? (@Uniswap) May 21, 2024 The Wells notice is a type of letter used […]

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ForkLog 12 15.05.2024

Cypher DEX Insider Admits to Misappropriating Funds

A key member of the decentralized exchange Cypher, known by the pseudonym Hoak, has confessed to misappropriating a portion of the funds stolen during an exploit in August 2023. My statement on the situation. TLDR: I fucked up way too hard, way too many times. I don’t expect anyone to forgive me or let this […]

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