swap

According to a report by The Block, a study commissioned by 1inch and conducted by Dune found that approximately 85% of concentrated liquidity in decentralized exchanges such as Uniswap v3, Uniswap v4, PancakeSwap v3, and Aerodrome Slipstream is not effectively utilized. The research analyzed the performance of nearly 200 active liquidity pools across 7 chains in 26 weekly snapshots, tracking an average liquidity of about $1.84 billion per week, of which approximately $1.6 billion is in an inefficient state.Specifically, on the Uniswap v3 platform, among the liquidity that has deviated from the market-making price range, 44.5% has not been adjusted for more than 90 days, making it the platform with the highest proportion in this study; in contrast, Aerodrome has a ratio of about 20%, with 58% of idle funds having been adjusted within the last 30 days.Additionally, only about 35% of idle funds are located within 5% of the market price, approximately 43% deviate from the market price by more than 25%, and another 17% deviate by more than 100%. In terms of fund size, positions exceeding $1 million hold about 47% of idle funds, amounting to approximately $260 million.

Uniswap initiated a governance proposal to extend the protocol fee collection and UNI burning mechanism to the Robinhood Chain, covering versions v2, v3, and v4.According to the proposal, the protocol fees generated on the Robinhood Chain will be sent to the TokenJar contract on that chain, and Searchers can redeem the fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.

Uniswap announced that teams can now directly configure and initiate Uniswap Auctions in the Uniswap Web App. This feature is supported by Continuous Clearing Auctions (CCA), which are used for on-chain token distribution, price discovery, and liquidity guidance.According to reports, CCA is now live on the Robinhood Chain, allowing teams to run token auctions on-chain, discover more market-oriented issuance prices, and launch liquidity on Uniswap v4 after the auction ends. Previously, projects like Aztec and Cap have used Uniswap Auctions for permissionless and transparent on-chain token distribution.Uniswap stated that the new launch process supports importing existing tokens or creating new tokens, and allows for configuring auction parameters and liquidity pool settings after the auction. The current interface supports Ethereum, Base, Arbitrum, and Unichain, with plans to expand to more chains in the future.

DeFiLlama data shows that Uniswap's trading fees in the past 24 hours were approximately $5.027 million.Uniswap founder Hayden Adams stated that Uniswap's daily trading fees are second only to Tether and Circle, and significantly higher than projects like Hyperliquid and Pump.

Uniswap founder Hayden posted on the X platform, stating that many people have not noticed that the Uniswap protocol fees have been activated and UNI has been burned. He continues to receive replies believing that the protocol fees have not been activated.Currently, there are 3 governance proposals being voted on: 1) Robinhood Chain fees (v2/v3); 2) v4 fees; 3) fee bridge cleanup on xlayer, ava, megaeth, sonium.

Uniswap founder Hayden posted on the X platform that 99.5% of the DEX trading volume related to Robinhood Chain comes from Uniswap.

According to Onchain Lens monitoring, the Summer.fi attacker wallet (0x7BF...b3bdca) received 6.017 million DAI from the attack event; since then, 1.35 million DAI has been transferred, exchanged for ETH via Uniswap, and transferred to Tornado Cash through a second wallet (0x46e...eba7).Currently, the original wallet still holds approximately 4.67 million DAI, and the second wallet still holds 50 ETH.

According to official news, Uniswap Labs has released a temperature check proposal, suggesting the activation of protocol fees in the v4 pool. This proposal follows the rapid governance process previously approved by UNIfication and will directly enter a five-day Snapshot voting period, followed by on-chain voting.Due to the Hook architecture of v4 making fee settings more complex than v2/v3, the proposal has designed the V4 Fee Controller system, which includes two core contracts: V4FeePolicy calculates the fees for any pool based on governance rules, and V4FeeAdapter is responsible for executing governance overrides and collecting fees into TokenJar. Fees are calculated hierarchically based on the family of the pool: first checking the specific trading pair rate set by governance, then the family default rate, and finally the global default rate.This proposal aims to activate fees for three types of pool families across 11 chains including Ethereum, Arbitrum, Base, and BNB Chain: static rate pools without Hooks, CCA pools after continuous liquidation auctions, and aggregator Hook pools. The rates for aggregator Hook pools are adjusted by a 25x multiplier, with a default of 10 bp for non-Base chains (3 bp for stablecoin pairs) and a default of 3 bp for Base chains (1 bp for stablecoin pairs). All fees will flow into each chain's TokenJar, and the amount of UNI burned on L2 and Alt-L1 will be cross-chain bridged to the Ethereum mainnet and sent to the 0xdead address.The Snapshot voting window is from July 7 to July 12, and on-chain voting will start during the week of July 13. Since GovernorBravo limits each proposal to 10 actions, two on-chain votes will be submitted in parallel to cover all chains.

According to South Korea's Digital Asset, the comprehensive equity exchange date between Naver Financial and Upbit's parent company Dunamu has been postponed again from September 30 to December 31, marking the second delay this year, having previously been postponed from June 30 to September 30 in March.The equity exchange ratio remains unchanged, with 1 share of Dunamu exchanged for 2.5422618 shares of Naver Financial. Dunamu stated that the transaction still requires approval from the Fair Trade Commission for corporate mergers, approval for changes in major shareholders under the Credit Information Act, and reporting of changes in major shareholders under the Specific Financial Information Act, and the progress may lead to further delays or even the transaction falling through.Dunamu also pointed out that legislative discussions on the Basic Law of Digital Assets are progressing, and the content of future regulations may impact the conduct or outcome of the equity exchange.

According to The Block, Spark and Uniswap have jointly launched the stablecoin exchange system FX Layer. It is reported that FX Layer aims to help institutions trade between tokens pegged to the US dollar by creating a shared pool for issuers to access, minimizing slippage.Spark stated that it will migrate $150 million from its USDS ecosystem to Uniswap v4 to establish a liquidity foundation for the swap pool supporting USDS, Tether's USDT, and PayPal's PYUSD.FX Layer acts as a shared liquidity and trading infrastructure on Uniswap v4, allowing multiple stablecoin issuers such as banks, fintech companies, and payment companies to access a universal system instead of building and launching their own liquidity pools, market makers, and inventory management. Spark serves as the orchestration layer, deciding how to allocate, manage, and coordinate liquidity among different stablecoins, while Uniswap provides a programmable AMM architecture.

Uniswap announced on Wednesday the addition of a no-code token auction tool in its web application, allowing any team to configure and launch on-chain token sales directly through the browser without writing code. This tool operates based on Uniswap's Continuous Clearing Auction (CCA) mechanism, where bids accumulate over multiple blocks and settle at a uniform clearing price each time.Bidders set a total budget and a maximum price per token, with everyone paying the same final clearing price. Since the auction spans a time distribution rather than being completed in a single block, it eliminates the speed advantage of bots and last-minute sniping. After the auction ends, liquidity is directly injected into the Uniswap pool, achieving an integrated process for price discovery and trading pair guidance.Previously, Aztec raised $59 million through CCA from 17,000 bidders across 191 countries, with the clearing price exceeding the reserve price by 60%; Cap Labs' auction attracted 1,002 independent bids, with a 5.5 times oversubscription, and a clearing FDV of $106 million.

According to monitoring by PeckShield, the address marked as the KyberSwap attacker has transferred 2,000 ETH to Tornado Cash again. Over the past two years, this attacker has transferred and laundered a total of 16,100 ETH through Tornado Cash, equivalent to approximately $40 million at current prices, accounting for over 80% of the $48.8 million in losses from the KyberSwap attack in November 2023. There are still some stolen funds that have not yet been fully transferred.

In response to rumors regarding the attack on the BNB Chain OLPC/LABUBU liquidity pool, PancakeSwap's official announcement stated that the platform has noted the news related to this security incident. After preliminary verification, PancakeSwap's own smart contracts do not have security vulnerabilities. The project team is still continuously investigating the complete causes of the incident and will promptly share the latest investigation progress once more clues are obtained. Meanwhile, the official reminds users that all relevant event information should be based on content released through PancakeSwap's official channels.

According to monitoring by PeckShield, the OLPC/LABUBU liquidity pool on PancakeSwap on the BNB Chain was attacked, with the attacker stealing assets worth approximately $1.1 million. After the incident, the attacker transferred the stolen funds across chains to Ethereum and subsequently deposited 633.4 ETH into the mixing protocol Tornado Cash. In addition, the attacker sent 0.0221 BNB and 0.0411 ETH to an abandoned address, and the details of the attack and the flow of funds are still being tracked.

The Starknet AMM protocol mySwap disclosed that its mySwap CL protocol suffered a vulnerability attack, resulting in approximately $300,000 being withdrawn from the liquidity pool. The official statement indicated that the mySwap interface has been closed for over 6 months and is no longer accepting new liquidity injections. The affected funds were mainly the remaining LP positions scattered across more than 100,000 positions. The attacker utilized the funds stolen through bridging and obscured the asset flow using Railgun. This attack nearly depleted all remaining liquidity in the protocol.

RetoSwap disclosed on platform X that the team received a report at 2:02 AM (Beijing time) today that the Haveno trading protocol was under attack. They immediately set the minimum client version to 2.0 through the filter function and suspended trading, as well as banned the attacker's onion address. RetoSwap stated that the team was not attacked, and the vulnerability lies at the Haveno protocol level. The losses seem to be limited to large cryptocurrency asset orders, and fiat currency traders were not affected. The team is evaluating plans to assist affected traders in recovery. Trading will resume after the protocol is fixed.Previously, on May 21, it was reported that RetoSwap lost approximately $2.7 million due to vulnerabilities in the Haveno protocol.

Standard Chartered Bank has initiated coverage of the decentralized trading protocol Uniswap, predicting that its UNI token could rise from the current approximately $2.7 to $100 by the end of 2030, representing an increase of nearly 40 times. Geoffrey Kendrick, the global head of digital asset research at Standard Chartered, stated that the next wave of wealth opportunities in the digital asset space may come from DeFi protocols. The core logic is that the scale of tokenized assets entering DeFi will significantly increase, thereby enhancing the trading asset base and fee potential of protocols like Uniswap.Standard Chartered expects that the scale of on-chain tokenized assets will grow from the current approximately $340 billion to $4 trillion by the end of 2028; of which the proportion entering DeFi will rise from the current approximately 3.5% to 30% by the end of 2030. Coupled with the growth of crypto-native assets, the locked assets in DeFi could reach approximately $2.7 trillion, an increase of about 37 times from the current level. Kendrick believes that if Uniswap can successfully commercialize and establish sufficiently scaled partnerships with traditional financial institutions, the valuation multiple between its market capitalization and trading fees is expected to increase, narrowing the gap with centralized trading platforms like Coinbase.Standard Chartered's projected price path for UNI is: $6.5 by the end of 2026, $20 by the end of 2027, $40 by the end of 2028, $65 by the end of 2029, and $100 by the end of 2030, and it is expected that UNI's performance during this period may outperform ETH and BTC.

Uniswap posted on platform X that the asset management company Fidelity Investments has chosen Uniswap as the liquidity infrastructure for its stablecoin FIDD, and the FIDD liquidity pool has been launched on the Uniswap protocol.Previously, in February, it was reported that Fidelity's stablecoin FIDD was officially launched, open to retail and institutional investors.

The multi-chain trading protocol Novaswap developer Mynth tweeted that it will cease operations of Novaswap on June 30. The official statement indicated that although its protocol performed well in terms of security and functionality, the actual market demand for a fast and secure cross-chain experience could not support continued expansion.The team explored various possible paths but ultimately decided to shut down. All user funds are in a non-custodial state, remaining secure without any action required. The exchange function will still be available for normal use until June 30, and Discord support will continue until the end of July.

Canadian publicly listed company SOL Strategies announced that it has completed the previously disclosed acquisition of Houdini Swap. The total value of this transaction is $18 million, which will be paid through a combination of cash and SOL Strategies common stock. Houdini Swap is a non-custodial cross-chain trading aggregation platform focused on privacy protection. To date, the platform has processed approximately $2.5 billion in cross-chain exchange transactions and, through partnerships with 32 trading platforms, is projected to generate over $13 million in revenue by 2025. SOL Strategies stated that this acquisition further enhances the company's business layout within the Solana ecosystem. In addition to validator infrastructure and liquid staking business, the company now adds a trading business that has been operational for nearly three years, with stable revenue growth and large trading volume, further expanding its digital asset infrastructure landscape. This acquisition plan was initially announced on May 4, 2026, and has now officially completed the delivery.