BTC $78,787.98 +0.91%
ETH $2,474.73 +1.31%
BNB $690.74 +0.57%
XRP $1.39 +1.64%
SOL $103.70 +1.01%
TRX $0.3315 -1.56%
DOGE $0.0834 +0.89%
ADA $0.2012 +2.78%
BCH $249.27 +1.20%
LINK $11.49 +1.94%
HYPE $84.44 +4.48%
AAVE $126.53 +2.77%
SUI $0.7325 +1.48%
XLM $0.1781 +1.01%
ZEC $861.17 +4.44%
BTC $78,787.98 +0.91%
ETH $2,474.73 +1.31%
BNB $690.74 +0.57%
XRP $1.39 +1.64%
SOL $103.70 +1.01%
TRX $0.3315 -1.56%
DOGE $0.0834 +0.89%
ADA $0.2012 +2.78%
BCH $249.27 +1.20%
LINK $11.49 +1.94%
HYPE $84.44 +4.48%
AAVE $126.53 +2.77%
SUI $0.7325 +1.48%
XLM $0.1781 +1.01%
ZEC $861.17 +4.44%

dex

Decentralized exchanges (DEX) are trading platforms based on blockchain technology that allow users to trade cryptocurrencies directly on-chain without the need for centralized intermediaries. DEX automatically matches trades through smart contracts, providing higher privacy and security while reducing counterparty risk. Its decentralized nature makes it less susceptible to single points of failure and regulatory intervention, but it also faces challenges such as insufficient liquidity and poor user experience.
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first_img Robinhood Chain's single-day DEX trading volume reached a record of 989 million USD

Robinhood Chain recorded a single-day DEX trading volume of $989 million on Friday, setting a historical high. The total value locked (TVL) on the chain reached $708 million, with a nearly 100% month-over-month increase; the supply of stablecoins was approximately $770 million, with a month-over-month increase of 47%.In July, the chain was dominated by the memecoin market after the launch of CASHCAT's spot trading, while in August it shifted towards utility and infrastructure tokens. PONS is one of the leading launchpads on the chain, with its market capitalization increasing from $20 million to over $200 million. Another leading launchpad, LONG (long.xyz), supports tokens paired with tokenized stocks (mainly memecoins), which is a core differentiating advantage of Robinhood Chain.The largest stock-paired memecoin is "AI" (Artificial Inu), paired with tokenized NVDA, with its market capitalization rising from $1.5 million on August 1 to a peak of $135 million on August 30, and its NVDA pool liquidity exceeding $3.3 million. Memecoins paired with tokenized stocks account for about a quarter of the stock-related trading volume on the chain. Other projects include the liquidity layer protocol Delta, the ve(3,3) emission project UP similar to Aerodrome, and the OHM-style bond project NetNet, all of which saw their valuations increase tenfold in August.

first_img CME launches a new cryptocurrency index that does not include Bitcoin and Ethereum

On Monday, CME Group officially launched two multi-asset cryptocurrency benchmark indices, one covering a broad market index and a "Emerging Crypto Index" specifically measuring large crypto assets beyond Bitcoin and Ethereum. The CME CF Emerging Crypto Index excludes Bitcoin and Ethereum, tracking a total of 10 assets: BNB, XRP, SOL, HYPE, LINK, XLM, SUI, UNI, AVAX, and AAVE; while the CME CF Crypto Market Index includes Bitcoin and Ethereum in addition to the aforementioned 10 assets.Both indices are weighted by free float market capitalization and undergo component adjustments and rebalancing every six months. The real-time version is calculated once per second and operates around the clock; the settlement version is calculated once daily and published at 4 PM London, New York, and Singapore/Hong Kong time. The methodology for the Emerging Index requires component assets to meet custody conditions, exclude meme coins, and set protocol usage rate screening thresholds based on the ratio of total locked value to total market capitalization. At the time of initial inclusion, assets that do not yet meet the general listing standards for cryptocurrency ETFs on U.S. national securities exchanges but are expected to be compliant within 30 days may temporarily enter the index with a maximum combined weight of 10%.The index is designed to be investable and can be used for passive replication by funds and derivative settlements, continuing the precedent set by CME's launch of Nasdaq CME Crypto Index futures in June. CF Benchmarks stated that the Emerging Index can be licensed for financial products, investment funds, or derivative instruments.

CZ: Hong Kong and Web3 are a powerful combination, RWA will become a major direction

CZ stated at the offline "Binance Life" book club meeting in Hong Kong that Hong Kong, as a financial center, has unique advantages in the flow of fintech talent, mainland talent, and institutional connections. Although it is not outstanding in infrastructure such as electricity and data centers, its competitiveness in the Web3 financial sector is evident. He believes that the current AI hype will not hinder the long-term development of Web3, and individuals should choose directions that interest them, that they are capable of, and that hold value; Hong Kong and Web3 are indeed a strong combination. Besides Hong Kong, he is also optimistic about Dubai and Abu Dhabi in the UAE, as well as the United States after its policy shift to support the crypto industry.CZ mentioned that the development speed of RWA has significantly exceeded his previous expectations, especially in terms of securities on-chain. Traditional stocks are limited by account opening thresholds, trading hours, and geographical restrictions. Once assets are on-chain, they can be directly accessible to global investors, significantly enhancing accessibility and liquidity, making them more attractive to countries and companies with smaller securities market sizes. RWA will be an important development direction moving forward, and stablecoins are essentially a type of RWA that brings fiat currency onto the chain. Currently, the market is mainly dominated by USD stablecoins, and in the future, more countries may promote their national currencies to be on-chain to expand their global circulation.He also stated that DEX has gradually evolved over the past eight years from products like Uniswap and PancakeSwap to Hyperliquid, with both infrastructure and user awareness significantly maturing. According to his current understanding, the regulatory pressure from the U.S. on decentralized products has eased compared to the past, and clearer separation models are beginning to appear between international platforms and those targeting U.S. users, with some international platforms not necessarily requiring comprehensive KYC. If the policy environment continues to relax, the development speed of DEX and the entire crypto industry may significantly accelerate in the coming years.
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