DEX | ForkLog - Part 7

ForkLog 58 16.06.2025

Bybit to Launch Hybrid Solana Exchange Byreal

Cryptocurrency exchange Bybit has announced the launch of Byreal, a hybrid DEX offering “centralized platform-level liquidity.”

AI translated

ForkLog 115 03.06.2025

Trader James Wynn Reopens $140 Million Bitcoin Long Position

Cryptocurrency trader James Wynn has once again opened a margin position on perpetual bitcoin futures on the Hyperliquid platform, this time nearly reaching $100 million. This move comes just days after the liquidation of a similar trade following a drop in the digital asset’s value below $105,000. June 3, 2025 | 18:51Update: Wynn has increased […]

AI translated

ForkLog 82 03.06.2025

Paradigm Proposes Stablecoin-Focused AMM for DEX

The AMM developed by Paradigm, named Orbitals, enables large liquidity pools to adjust their risk exposure for a “significant improvement” in capital efficiency. According to experts, this outcome was achieved by taking concentrated liquidity to “other dimensions.” Unlike existing decentralized trading solutions such as Uniswap V3 with two assets, and Curve, which supports multi-token pools […]

AI translated

ForkLog 91 02.06.2025

BNB Chain Surpasses Ethereum and Solana in DEX Trading Volume

On May 26, trading volume on decentralized exchanges (DEX) within the BNB Chain network reached $13.31 billion. According to DeFi Llama, this figure was 7.9 times higher than Ethereum’s $1.675 billion and 5.7 times greater than Solana’s $2.32 billion. BNB Chain’s trading volume exceeded the combined total of the ten largest blockchains. BNB Chain is […]

AI translated

ForkLog 67 02.06.2025

Decentralized Exchanges Capture 25.3% of Trading Volume Against Centralized Counterparts

In May, trading volume on decentralized exchanges (DEX) reached $410.2 billion, accounting for more than a quarter of the equivalent figure for CEX. According to The Block, this 25.3% share marks a historic high. The previous record for the DEX/CEX volume ratio was 20.1%, achieved in January. Data: The Block. In May, PancakeSwap led decentralized […]

AI translated

ForkLog 47 30.05.2025

Cetus Team Unveils Recovery Plan

The Sui network community approved an emergency update necessary for the recovery of the decentralized exchange Cetus following a breach. Over 90% of validators and stakers supported the decision during the vote. The DEX team expressed gratitude to participants and announced plans for a complete recovery and relaunch of the project in approximately one week. […]

AI translated

ForkLog 201 30.05.2025

Whale’s Losses on Hyperliquid Near $100 Million

James Wynn, a trader known for his aggressive bets on the Hyperliquid platform, faced liquidation after Bitcoin fell below $105,000. His total losses from the peak of his profits amounted to 949 BTC ($99.3 million). James Wynn (@JamesWynnReal) just got liquidated for 949 $BTC($99.3M) as the price of $BTC dipped below $105,000. He lost $99M+ […]

AI translated

ForkLog 43 28.05.2025

Sui Validators Approve Plan to Restore $162 Million to Cetus Users

The decentralized exchange Cetus within the Sui ecosystem will return the stolen $162 million if the community approves the transfer of frozen funds. Cetus has requested a community driven vote to recover the funds frozen following last week’s hack. In response, the Sui Foundation has released code for an onchain community vote. Sui validators can […]

AI translated

ForkLog 52 26.05.2025

Beat the house? Hyperliquid whale ‘left’ with a $25m profit—then returned

James Wynn, a trader famed for aggressive bets, said he was leaving the “Hyperliquid casino” with $25m in profits. At its peak, the tally reached $87m from initial stakes of roughly $3–4m. To all the fans and haters: We had a good run gambling on perps At peak the account was up $87,000,000 profits from […]

AI translated

ForkLog 86 26.05.2025

Analysts Uncover Cause of Cetus Hack

The breach of the decentralized exchange Cetus was attributed to a vulnerability in the liquidity parameter verification of the automated market maker. This was detailed in a report by Dedaub. The issue went undetected due to a lack of “code overflow” checks. Hackers exploited an error in the verification of the most significant bits to […]

AI translated

ForkLog 26 23.05.2025

Cetus Offers Hacker $6 Million for Return of 20,920 ETH

The team behind the decentralized exchange Cetus has proposed a $6 million reward to a hacker for the return of 20,920 ETH (approximately $55.3 million at the current rate), stolen in a breach. ? Dear Sui community, thank you for your patience while our team works on the incident investigation and resolution. Since taking the […]

AI translated

ForkLog 37 23.05.2025

Jupiter Team Launches Jupiter Lend Lending Protocol

The developers of the Solana-based DEX aggregator, Jupiter, have unveiled a lending platform named Jupiter Lend, according to The Block. This initiative is part of a partnership with colleagues from Fluid within the Ethereum ecosystem. The team has begun forming a waiting list. The “lending protocol” Jupiter Lend will enable “one-click” deposits, while the “vault […]

AI translated

#DEX