Total value locked (TVL) in DeFi protocols barely moved, at $38.09 billion. Lido leads with $14 billion, while MakerDAO ($4.68 billion) and AAVE ($4.59 billion) hold second and third places.<\/p>\n TVL in Ethereum applications fell<\/a> to $20.8 billion. Trading volume on decentralized exchanges (DEX) over the last 30 days amounted to<\/a> $36.8 billion.<\/p>\n Uniswap continues to dominate the non-custodial exchange market, accounting for 55% of total turnover. The second DEX by trading volume is PancakeSwap (16.7%), the third is Dodo (8.2%).<\/p>\n The cryptocurrency exchange Coinbase<\/a>, acting as a validator, processed an Ethereum transaction after the DeFi protocol Curve Finance<\/a> was hacked and received about $1 million<\/a> in rewards.<\/p>\n On July 30, an unknown attacked<\/a> Curve Finance’s stablecoin pools and withdrew approximately $61.7 million. The platform’s asset-pricing system functioned incorrectly for some time.<\/p>\n A trading bot spotted a unique arbitrage opportunity and paid 570 ETH (about $1 million at the prevailing rate at the time) to have the transaction processed out of the queue.<\/p>\n The beneficiary of the reward was Coinbase, according to data from analytics firm Nansen and the lending protocol Alchemix, which was affected by the hack. The latter noted that the exchange did not reimburse the assets even after a request.<\/p>\n In addition to Binance<\/a> and Coinbase<\/a>, there are other CEX<\/span> and DeFi protocols whose activities are being examined by the SEC<\/span> for possible violations. the regulator’s enforcement chief David Hirsch<\/a> said.<\/p>\n According to the official, non-compliance in the industry “spreads far beyond the two organisations”.<\/p>\n \n\u201cWe will continue to press charges. These could be brokers, dealers, exchanges, clearinghouses or any other entities actively operating in this space. If they are within our jurisdiction and do not meet their obligations either due to registration or due to not providing adequate or complete information,\u201d he warned.<\/cite><\/p><\/blockquote>\n Hirsch explained that the claims could also affect DeFi projects for which the “decentralisation” label will not help.<\/p>\n The head of enforcement lamented the regulator’s heavy workload, which hinders the initiation of new proceedings. He pointed to limited funding.<\/p>\n![\"111-69\"](\"https:\/\/forklog.com\/wp-content\/uploads\/111-69-1024x579.png\")
Coinbase inadvertently earned about $1 million after Curve hack<\/strong><\/h2>\n
The SEC has threatened centralized exchanges and DeFi projects<\/strong><\/h2>\n
The CFTC describes DeFi exchanges as an \u201cobvious threat\u201d<\/strong><\/h2>\n