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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 quart

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 repor

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 f

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 ec

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 o