Jan 18, 2024
DeFi
DeFi Exchange dYdX Dethrones Ethereum’s Uniswap as Token Outpaces the Market
In a significant leap for decentralized exchanges (DEX), dYdX has now clinched the title of the largest DEX by daily trading volume, surpassing Uniswap v3 on Ethereum. This milestone follows a strategic migration from Ethereum to Cosmos and the subsequent activation of full trading under the new infrastructure. According to data from CoinMarketCap, the v4 version of dYdX on Cosmos recorded $542.5 million in trading volume over a 24-hour period, outpacing Uniswap v3’s $464 million. The DEX now ho…
by Jose Antonio Lanz · 4 min read
Jan 15, 2024
DeFi
Jupiter Finally Sets a Date for JUP Airdrop, Teases Meme Coin Drop on Solana
Solana-based decentralized finance (DeFi) aggregator Jupiter has officially penciled in a launch date and time for its hotly anticipated token airdrop—and will also use its platform to launch a new meme coin before then. The drop—which is set to deliver one billion freshly minted JUP tokens into the wallets of Solana DeFi users—will commence on January 31 at 10:00 am EST, according to an announcement made Monday by Jupiter’s pseudonymous founder, Meow. Almost a million crypto wallets are eligib…
by Sander Lutz · 3 min read
Jan 15, 2024
DeFi
Hackers Steal Over $4 Million in Fake Airdrops and Other Scams on Solana
Two wallet drainers have successfully stolen millions of dollars worth of crypto assets from Solana users in the last month alone, according to a new report based on public blockchain data. Deployers of both programs, Rainbow Drainer and Node Drainer, have stolen a combined $4.17 million worth of assets from 3,967 Solana wallets since late November, according to analysis by Scam Sniffer and crypto analytics platform Dune. The majority of those thefts have occurred since mid-December. Malicious a…
by Sander Lutz · 3 min read
Jan 3, 2024
DeFi
Here’s When to Expect the Jupiter JUP Airdrop for Solana DeFi Users
It can be tough to keep track of all of the token airdrops on the horizon, but there’s one of particular interest to Solana users: the launch of JUP, the token of decentralized exchange (DEX) aggregator Jupiter. We previously heard that the Jupiter team was targeting a January launch, but now there’s a narrower window if you’d like to plan accordingly. On Tuesday, pseudonymous founder Meow said to expect the token airdrop during the last week of the month following a fair bit of additional prep…
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