swap

Token Terminal data shows that Uniswap has accounted for over 99% of the Robinhood stock token DeFi deposits on the Robinhood Chain, with Uniswap v4 at approximately $53 million, v3 at about $25 million, and v2 at around $173,700.The total related deposits have increased by 532.8% over the past 30 days.

According to official news, the Chicago Mercantile Exchange will launch BCH (Bitcoin Cash) and Uniswap futures to expand its cryptocurrency derivatives portfolio.Market participants can choose the contract size for trading based on demand: BCH futures (250 BCH) and micro Bitcoin Cash futures (25 BCH); UNI futures (10,000 UNI) and micro Uniswap futures (1,000 UNI).

Uniswap team member Niko posted that after Robinhood Chain's recent large-scale innovations drove the market up, other chains have begun to replicate its ecological projects. Some KOLs and venture capital institutions continue to claim that Robinhood Chain is in decline and are guiding users towards similar projects on other chains.Robinhood Chain's current daily trading volume still exceeds 1 billion dollars, and the trading scale of stock tokens is also growing.

According to on-chain analyst Ai Yi's monitoring, a certain entity previously exchanged UBTC for ETH and then bought 6,214.58 ETH. Since September 18, this entity has accumulated a position exceeding 38.61 million dollars.In the past 11 hours, this entity has purchased ETH worth 16.03 million dollars on-chain through 5 addresses along the same path, with an average purchase price of 2,580 dollars; currently, it has accumulated 15,272.77 ETH, with an average cost of approximately 2,528.24 dollars, resulting in an unrealized profit of 2.115 million dollars.

Uniswap founder Hayden Adams stated on the X platform that the original domain holder of Uniswap.com had asked for a seven-figure sum, but the team refused to pay. SBF subsequently purchased the domain for a seven-figure amount and pointed it to a fork project. Due to the malicious use of the domain, the legal team ultimately acquired the domain for free.

Binance Wallet announced on X the launch of the Pre-Access event, which is hosted by PancakeSwap, allowing users to participate through Binance Wallet.The event aims to provide users with indirect exposure before the potential listing of popular companies, with the first project to be announced soon.

According to Cointelegraph, Uniswap leads in the total value locked in decentralized finance in the tokenized stock sector, with a combined increase of $82.8 million in V4 and V3.

According to on-chain detective Specter monitoring, the attackers of this activity provided so-called arbitrage bot tutorials and code through YouTube videos, guiding victims to compile and deploy contracts using a counterfeit Remix development interface.The attackers registered an ENS name containing "Uniswap," disguising the related address as a legitimate source of income for DeFi activities, leading victims to mistakenly believe that the deployed arbitrage bot was profiting through Uniswap. After victims injected their own assets into the contract, the funds were transferred away by the attackers. The attackers currently seem to still be active and hold a significant portion of the stolen funds across two addresses.

According to a report by the Korean News Agency, the stock exchange transaction between Upbit's parent company Dunamu and NAVER Pay, a subsidiary of South Korean internet giant NAVER, may have uncertainties. Data disclosed by the Legislative Investigation Office of the Korean National Assembly indicates that the related transaction may simultaneously face the minimum shareholding ratio for subsidiaries stipulated by the Fair Trade Act, as well as the maximum shareholding ratio limit for major shareholders of virtual asset exchanges.Currently, NAVER Pay does not seem to belong to a holding company, but if it becomes a holding company in the future and includes the exchange as a subsidiary, there may be a situation where two conflicting shareholding standards apply simultaneously, necessitating an adjustment of the governance structure. The Korean Fair Trade Act stipulates that a holding company's shareholding ratio in listed subsidiaries must not be less than 30%, and for non-listed subsidiaries, it must not be less than 50%; for venture capital holding companies, it is 20%. Additionally, the second phase of discussions on South Korean virtual asset legislation also involves setting a shareholding limit for major shareholders of exchanges to reduce the concentration of control and the risk of conflicts of interest among specific shareholders.

Uniswap founder Hayden Adams retweeted a comment letter from U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce supporting autonomous decentralized systems, pointing out that the most favorable news for automated market makers (AMM) today is Hester Peirce's view that truly decentralized systems driven by autonomous software do not need to obtain exemptions, which corresponds to the permissionless nature of Uniswap.Adams stated that the SEC's innovative exemption applies to permissioned liquidity pools on Uniswap v4, providing a pathway for assets and users with relevant compliance needs to conduct transactions in the U.S., which is expected to promote the adoption of AMM. Uniswap will submit a comment letter with suggestions for improvements.

According to the Slow Mist security team, the BonfireSwap router contract suffered a loss of approximately $50,000 due to a lack of access control in the transfer function. This function did not verify whether the caller was the from address, nor did it check the caller's authorization for the assets of the from address. As a result, attackers could set users who had pre-authorized the router as the from address and themselves as the to address, thereby stealing the victim's TOKEN and exchanging it through the same token pool.Slow Mist stated that a total of 41 TOKEN holders who had authorized the router were affected; the vulnerable contract address is 0x17e801e17cefc6334059189c178d4783830e03d3.

According to a report by Yonhap News Agency, the stock swap transaction between Upbit's parent company Dunamu and a subsidiary of South Korean internet giant NAVER may have uncertainties. Data disclosed by the Legislative Investigation Office of the National Assembly of Korea shows that the related transaction may simultaneously face the minimum shareholding ratio for subsidiaries stipulated by the Fair Trade Act, as well as the maximum shareholding ratio limit for major shareholders of virtual asset exchanges.Currently, NAVER Pay does not seem to belong to a holding company, but if it becomes a holding company in the future and includes the exchange as a subsidiary, there may be a situation where two conflicting shareholding standards apply simultaneously, thus requiring adjustments to the governance structure. The Fair Trade Act of Korea stipulates that a holding company must hold at least 30% of the shares in listed subsidiaries and at least 50% in non-listed subsidiaries; for venture capital holding companies, the requirement is 20%. The second phase of discussions on South Korean virtual asset legislation also involves the maximum shareholding limit for major shareholders of exchanges to reduce the concentration of control and the risk of conflicts of interest among specific shareholders.

In response to the rumors of the "death" of Robinhood Chain in the community, Uniswap founder Hayden Adams stated that it is quite ridiculous to claim that Robinhood Chain "has died" based solely on the fee income chart. In fact, Robinhood has only raised the gas limit and lowered user fees to expand on-chain capacity and meet the huge demand for block space. Approximately 95% of the DEX trading volume on Robinhood Chain comes from Uniswap, and its overall performance is currently good.Dragonfly managing partner Haseeb also previously stated that after Robinhood Chain reduced fees, on-chain revenue significantly decreased, but DEX trading volume remains strong, currently second only to Solana. This strategy is clearly intentional; Robinhood values attracting RWA and on-chain financial activities through low fees and higher capacity rather than optimizing short-term orderer revenue.

According to The Block, the on-chain confidentiality protocol Zama will open deposits for 16 confidential vaults on Morpho, covering assets such as USDC, USDT, AUSD, and TGBP. Its first vault went live in June in collaboration with Morpho and Steakhouse Financial, using Steakhouse's USDC Prime strategy, with total locked assets increasing from zero to $40 million within seven weeks. Steakhouse will manage part of the vaults, while Armitage by Wintermute, Flowdesk, RockawayX, and Bitwise will also serve as managers.Users can confidentially access 12 existing non-confidential versions of Morpho vaults on Ethereum, with an additional 4 created specifically for confidential deposits. Zama also launched the Zama Swap Protocol, allowing depositors to confidentially exchange cUSDC, cUSDT, cAUSD, and cTGBP as well as confidential vault shares on Ethereum, without disclosing transaction size or intent. Zama stated that positions, balances, and strategies on public blockchains are visible to competitors and frontrunners, posing a structural barrier to large-scale deployment by institutions. The vaults will first go live through Zama's own application, with Utila, Zerion Wallet, and Yield.xyz set to integrate in the coming weeks.

Decentralized Trading Infrastructure 0x stated that this year it has routed 81.92 million transactions with a trading volume of 4.267 billion USD, with approximately 70% touching Uniswap liquidity. 0x indicated that there has been an increase in malicious Uniswap v4 hooks recently, which provide one price in quote requests and another price at settlement, profiting from users by deceiving aggregators, wallets, and trading applications.After analyzing 84,163 hooks across 6 chains, 0x reported that only 19.4% are safe, 54.2% are malicious, and 26.4% may be malicious. Transactions routed through malicious v4 hooks can result in actual amounts received being up to 50% less than the quoted price. The article cites examples where the Base chain ETH/NVDAc pool hooks have accumulated fees of approximately 143,000 USD, and the BNB chain USDT/WBNB pool hooks have accumulated about 18,600 USD.0x stated that routing parties must ensure that the quoted amounts in pools are consistent with actual execution behavior, applications must have the capability to quickly eliminate suspicious routes, and users should be aware that optimal quotes are only useful when the route is safe. 0x has implemented measures such as detection and pool audits to prevent such pools from appearing in routing.

According to the official announcement, Binance will suspend the deposit and withdrawal of USDT tokens on the Optimism network on September 17, 2026, at 02:00 (UTC) to support its contract replacement. The replacement ratio is 1:1, with the new token being USDT0 and the old token being renamed to OPUSDTE.Spot, leverage, futures trading, and Binance Earn services will not be affected.

Bitcoin News posted on platform X that after the CFTC approved Kalshi's Bitcoin perpetual contracts as futures products, traders face uncertainty on how to report gains to the IRS.If the product is classified as a regulated futures contract under Section 1256 of the U.S. Tax Code, related gains are typically treated as 60% long-term capital gains and 40% short-term capital gains, regardless of the holding period. CME believes that Kalshi's perpetual contracts are actually swaps, which are explicitly not covered under Section 1256. The CFTC's classification supports the view that it is a futures product, but does not bind the IRS; the tax treatment remains uncertain until the IRS, Congress, or the courts directly address Bitcoin perpetual contracts.

According to SlowMist monitoring, the BSC chain project BeatXswap suffered a price manipulation attack, resulting in a loss of approximately 2.985 million BTX (about $77,500).The attacker borrowed 6 million BTX through a flash loan and sold it into the Uniswap V3 pool to lower the price. They then exploited a vulnerability in the contract that used only the V3 pool's instant price as the sole pricing basis (without TWAP protection and without deviation limits), depositing USDT in two transactions to trigger liquidity mining and withdrew BTX from the LP position.

Castle Labs released a research report on September 10, comparing the execution costs of the swaps products launched by Variational with traditional perpetual contracts. The report shows that for most trading volumes, Variational is currently the lowest-cost venue among listed assets, with the cost of a $1 million trade in the US100 market being only $47.The report points out that the trading volume of RWA perpetual contracts has grown from less than $1 billion in October 2025 to over $12 billion in August 2026, currently accounting for about 12% to 13% of on-chain perpetual contract trading volume, with a peak in July reaching 20%. As of the report's release, the total open interest of RWA perpetual contracts was $4.9 billion, with TradeXYZ and Variational accounting for nearly 90%.Variational's swaps utilize RFQ execution and the proprietary liquidity provider Omni, with liquidity coming directly from traditional financial partners, and the fees being a holding cost charged once at the daily close, rather than relying on market supply and demand funding rates. Since the launch of the US100, US500, XAU, XAG, and USOIL markets at the beginning of the month, a total trading volume of $3.8 billion has been accumulated, with a peak open interest of $245 million. Currently, swaps have contributed over 50% of Variational's daily trading volume and more than $220 million in open interest.

According to The Block, Uniswap Labs announced the launch of a new tool, StablePair Hook, designed specifically for stablecoin trading pairs such as USDC/USDT and USDC/USDG.Uniswap Labs stated that StablePair Hook can provide traders with consistent and predictable quotes, allowing liquidity providers to retain more of the value they create. Data shows that in the second quarter, the trading volume of exchanges between stablecoins on Uniswap reached $43.4 billion, surpassing the total of the other three major on-chain trading venues.StablePair Hook replaces fixed rates with dynamic rates, which adjust based on the degree of price deviation from the reference price within the pool. When the price is close to the reference price, the Hook adjusts the transaction fee for each trade to maintain a fixed bid-ask spread; when the price deviates from the reference range, trades that push the price away incur no fees, while trades that pull the price back to the reference price use a Dutch auction mechanism, with fees decreasing block by block from high to low until accepted by the trader. Uniswap Labs stated that this allows liquidity providers to retain more value from price returns.The first batch of StablePair Hook pools will go live on Ethereum, supporting USDC/USDG and USDC/USDT trading pairs. This Hook can be upgraded through Uniswap governance, and the fee system and other parameters can be adjusted without migrating liquidity.