Decentralized exchanges, AMMs, perpetual DEXs, and on-chain orderbooks — volume, TVL, and DEX activity.
The Hyperliquid ecosystem has coalesced around two distinct tracks: conventional DEXs, led by Project X and HyperSwap…
The 36% supply incineration is the headline, but a revenue-linked buyback running 50% of net income for 12 months is the mechanism that turns a one-off event into a sustained deflationary pressure on…
At an implied $520M annualized run-rate, the prediction market's fee base is now larger than most mid-tier CEXs — a useful benchmark for whether the category is consolidating around a single venue.
A single exploit drained $292 million from DeFi protocols, reigniting a debate that the industry has deferred too long…
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