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Decentralized Exchange (DEX) volume is on the rise, showing the increasing shift in crypto trading from Centralized Exchanges (CEX) to on-chain trading. DEXs saw a 15.7% quarter-on-quarter increase in spot trading volume, while CEX experienced a 12.2% decline, according to CoinGecko’s second quarte

The Web3 ecosystem is bucking the trend. Despite crypto and economic doldrums, decentralized applications (DApps) are booming. AI-based DApps have taken the lead. They've captured 28% of daily activity in the sector. This shift is massive. It's reshaping the DApp landscape. DappRadar's latest report

Ronin Network, the blockchain powering Axie Infinity, narrowly escaped disaster this week. A security breach led to a $9.8 million Ether (ETH) loss. But plot twist – it wasn't a hack. Initial panic gave way to relief. A white hat hacker accidentally triggered the exploit. They've now returned the fu

Solana's decentralized exchanges (DEXs) have outperformed Ethereum's for the first time. This milestone occurred in July. DeFiLlama data confirms this shift. Solana-based protocols accounted for 30% of all crypto DEX volume in July. Ethereum followed with 28.12%. In absolute terms, Solana's DeFi eco

Convergence, a decentralized finance (DeFi) protocol, got hammered by hackers. The attack happened in the wee hours of August 1. It cost the protocol a whopping $212,000. The hack sent Convergence's native token, CVG, into a nosedive. Its value plummeted by over 99%. Talk about a rough day at the of