Global #DEX

ShibaSwap, the decentralized exchange (DEX) affiliated with the Shiba Inu (SHIB) cryptocurrency, announced its launch on Thursday on the Shibarium blockchain, an Ethereum layer 2 solution developed by the SHIB token team.

On May 14, a hacker began siphoning user funds from the decentralized exchange (DEX) Equalizer. The misuse of funds came to light when the Equalizer team alerted users via a post on X, advising them to cease interactions with the exchange.

The Solana (SOL) network has witnessed significant activity recently, largely driven by the surge in popularity of meme coins.

Today, Uniswap, a trailblazing decentralized exchange (DEX), is showcasing its accomplishment as it marks a significant turning point in the use of multichains.

Over the past week, there has been a notable 21% decrease in Solana's native token, SOL, which has reached its lowest value in almost six weeks. Given that SOL's price increase of 61% in March, investors may have been unduly enthusiastic. This decline has resulted in significant liquidations of leveraged long SOL futures contracts totaling $113 million since April 11.

Uniswap accounted for 64.3% of the trading volume, the majority of which was concentrated on the platform. In less than a day, trade volume on decentralized exchanges (DEX) on Coinbase's Ethereum layer-2 network, Base, significantly increased, smashing previous records and crossing the $1 billion mark.