In the competitive arena of perpetual decentralized exchanges (DEXs), Lighter is executing a radically different playbook. Backed by a strategic investment and public endorsement from Robinhood CEO Vlad Tenev, Lighter is not fighting for crypto-native traders but positioning itself as the essential bridge for millions of traditional finance (TradFi) retail investors. By offering zero fees to standard users and monetizing order flow from high-frequency traders, Lighter is replicating the payment-for-order-flow (PFOF) model on-chain. Its success hinges not on fee hikes, but on becoming the dominant liquidity sink for retail flow, leveraging a distribution pipeline no other DEX can match.
about Lighter: Robinhood-Backed Perp DEX Aims to Bridge TradFi and DeFiGMX
0 posts last weekHyperliquid vs Top DEX Alternatives: 2025 Trading Guide
As Hyperliquid dominates decentralized futures trading with multi-billion dollar daily volumes, traders are actively exploring competitive alternatives in 2025. This comprehensive analysis compares leading platforms including dYdX, GMX, Kwenta, Level Finance, and Vertex Protocol across critical metrics such as fees, leverage, security, and trading features. Each platform offers distinct advantages tailored to different trading strategies and preferences in the rapidly evolving DeFi landscape.
about Hyperliquid vs Top DEX Alternatives: 2025 Trading GuideCrypto Exploits Hit Record High in September 2025
September 2025 marked a historic month for cryptocurrency exploits, with security firm CertiK reporting a record 16 separate million-dollar incidents. While code vulnerability losses declined sharply, centralized exchanges bore the brunt of attacks with $182 million in losses during Q3, highlighting the persistent security challenges facing the digital asset ecosystem despite some technical improvements.
about Crypto Exploits Hit Record High in September 2025GMX Launches Multichain Perp Trading on Base Network
GMX, the leading permissionless perpetual exchange, has launched its multichain expansion starting with Coinbase’s Base network, marking a watershed moment for decentralized finance. This strategic move opens GMX’s deep-liquidity markets to over 1.3 million Base users while enabling seamless cross-chain trading across all EVM-compatible blockchains through LayerZero’s interoperability protocol. The expansion represents GMX’s ambitious plan to become the universal perpetual trading platform across every major public blockchain without compromising DeFi’s core principles of permissionless access and user sovereignty.
about GMX Launches Multichain Perp Trading on Base NetworkGMX Launches Multichain Perp DEX on Base Network
GMX, the leading permissionless perpetual exchange, has launched its multichain expansion on Base, Coinbase’s Ethereum Layer 2 network, marking a strategic evolution in decentralized finance. This move opens GMX’s deep-liquidity markets to over 1.3 million Base users while enabling seamless cross-chain access from all EVM-compatible blockchains through LayerZero’s interoperability protocol, positioning GMX as a truly omnichain trading platform.
about GMX Launches Multichain Perp DEX on Base NetworkBybit Report: Aster Rivals Hyperliquid in DeFi Perp DEX Race
The decentralized perpetual exchange landscape is undergoing a dramatic power shift, according to Bybit’s latest Crypto Insights report. While infrastructure-focused Hyperliquid maintains its dominance with $200 billion in September trading volume, newcomer Aster has emerged as a formidable competitor through aggressive tokenomics and ecosystem integration, capturing $20 billion in volume and a $2.5 billion market cap within days of launch. The analysis reveals a fundamental strategic divergence where newer platforms prioritize user experience and incentives over pure decentralization, signaling an evolution in how DeFi markets value different competitive advantages.
about Bybit Report: Aster Rivals Hyperliquid in DeFi Perp DEX RaceChainlink Bridges Wall Street to Blockchain with Live Data
Chainlink has launched Data Streams, a real-time pricing solution for US equities and ETFs on blockchain networks, marking a major step in merging traditional finance (TradFi) with decentralized markets. The feature supports tokenized stock trading, perpetual futures, and synthetic ETFs across 37 blockchains, with protocols like GMX and Kamino already adopting it. Chainlink’s decentralized oracle networks (DONs) aggregate data from multiple sources, ensuring reliability and uptime while addressing challenges like market-hour discrepancies and price gaps. The structured data schema enables advanced DeFi applications, including arbitrage and risk management strategies. This development accelerates the convergence of TradFi and DeFi, offering institutional-grade infrastructure for on-chain financial products.
about Chainlink Bridges Wall Street to Blockchain with Live DataChainlink Launches Real-Time US Equities Data Streams
Chainlink’s Data Streams provides real-time, low-latency pricing data for major US stocks and ETFs, including SPY, QQQ, NVDA, AAPL, and MSFT, across 37 blockchain networks. The system aggregates data from multiple sources, processes it through decentralized oracle networks (DONs), and timestamps each data point to ensure accuracy and uptime. This infrastructure supports advanced financial applications like perpetual futures, synthetic ETFs, and lending platforms, addressing the growing demand for tokenized real-world assets (RWAs). Key DeFi protocols like GMX and Kamino Finance have already adopted Data Streams, highlighting its potential to enhance trust and scalability in on-chain financial systems. Chainlink’s CBO, Johann Eid, emphasized its role in closing the gap between traditional markets and blockchain technology.
about Chainlink Launches Real-Time US Equities Data StreamsCrypto Hacks Surge in July, Exchanges Lose $114M
In July, crypto hacks surged, resulting in $142 million in losses, with exchanges like CoinDCX and GMX accounting for 80% of the total. CoinDCX lost $44 million due to a phishing attack on an employee, while GMX suffered a $42 million exploit via an Arbitrum vulnerability, though most funds were later returned. The broader trend shows a worsening security landscape, with Chainalysis reporting $2.7 billion stolen in H1 2025—already surpassing 2024’s total—and projecting over $4.3 billion in thefts by year-end if the pace continues.
about Crypto Hacks Surge in July, Exchanges Lose $114MBigONE Exchange Loses $27M in Hot Wallet Breach
BigONE, a cryptocurrency exchange, reported a $27 million security breach involving its hot wallet infrastructure, detected by SlowMist on July 16. The attacker modified server logic to withdraw funds, including 120 BTC, 350 ETH, and 8M USDT. BigONE confirmed the breach, contained the attack, and assured users that private keys remain secure. The exchange vowed to reimburse losses using internal reserves and restored services after a temporary suspension. The incident follows GMX’s $42M exploit, where the hacker returned most funds after negotiations. Critics like ZachXBT questioned BigONE’s legitimacy, linking it to scam-related volumes.
about BigONE Exchange Loses $27M in Hot Wallet BreachCrypto Hacker Returns $42M, Claims $5M Bounty
A hacker exploited a re-entrancy vulnerability in GMX’s V1 liquidity pool, stealing $42 million in crypto assets. After negotiations, the hacker agreed to return the funds in exchange for a $5 million bounty, with the remaining amount secured in GMX’s multisig wallet. The GMX team is preparing a distribution plan for the recovered funds to present to the DAO. The exploit did not affect GMX V2 or its native asset. Following the resolution, GMX’s token price surged by 18.4% to $13.36. The incident highlights the risks of smart contract vulnerabilities in DeFi.
about Crypto Hacker Returns $42M, Claims $5M BountyGMX Hacker Returns $40M, Claims $5M Bounty
A hacker exploited a vulnerability in GMX V1’s vault contract on Arbitrum, manipulating GLP token prices to steal $42 million in assets. GMX responded by offering a $5 million bounty for the funds’ return, which the hacker accepted, returning most of the stolen assets while keeping the bounty. The exchange confirmed GMX V2 and its token remained unaffected, and a distribution plan for recovered funds will be proposed to the GMX DAO. The resolution underscores the risks in DeFi protocols but also demonstrates how bounties can incentivize ethical behavior.
about GMX Hacker Returns $40M, Claims $5M Bounty