Decentralized Exchange

Definition ∞ A Decentralized Exchange (DEX) is a cryptocurrency trading platform that operates without a central intermediary or custodian. Users trade digital assets directly from their own wallets through automated market makers or peer-to-peer matching engines. This model prioritizes user control over funds and resistance to censorship.
Context ∞ Decentralized Exchanges are a focal point in crypto news due to their role in facilitating open and permissionless trading of digital assets. Developments related to DEX adoption, new trading features, liquidity provision, and regulatory scrutiny are frequently reported, highlighting their growing significance in the decentralized finance (DeFi) landscape.

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→Liquidity Pool Sniping

→Decentralized Exchange

→Chain Architecture Risk

Base Token Launch Exploited by Same-Block Snipers Securing 26 Percent Supply

The exploitation of 200-millisecond block times via high-fee bidding establishes an asymmetric risk profile for all public token launches.

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→Decentralized Exchange

→Liquidity Pool

→Staked Ether

Balancer V2 Stable Pools Drained via Faulty Smart Contract Access Check

The exploit leveraged a critical access control flaw within the V2 Composable Stable Pools, allowing unauthorized asset withdrawal and systemic liquidity drain.

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→Automated Market Maker

→Smart Contract Vulnerability

→Price Manipulation

Bunni DEX Drained $2.4 Million Exploiting Liquidity Distribution Function

Custom liquidity logic on Bunni DEX was exploited by specific trade sizes, enabling faulty rebalancing and a $2.4M stablecoin drain.

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→Malicious Approval

→Layer Two Protocol

→Cross-Chain Risk

Aerodrome Velodrome DNS Hijacking Compromises User Token Approvals

Centralized DNS registrar vulnerability enabled front-end hijacking, exposing user wallets to malicious token approval transactions.

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→Agda Proof Assistant

→Formal Verification

→Contract Modeling

Validity Liquidity Fidelity Triad Formalizes Universal Smart Contract Security

This research introduces the VLF property triad to provide a foundational, generalized specification for formally verifying all smart contract security.

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→Yield-Bearing Stablecoins

→Capital Efficiency

→Protocol Revenue

Ethena-Incubated Terminal Finance DEX Secures $280 Million Pre-Launch TVL

The protocol's Yield Skimming mechanism defines a superior capital efficiency primitive for the yield-bearing stablecoin market.

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→Smart Contract Wallet

→Ecosystem Growth

→Decentralized Exchange

Uniswap Hook Feature Decisively Unlocks Gasless Account Abstraction for DeFi Users

The integration of native Account Abstraction abstracts away gas complexity, fundamentally re-architecting the DeFi user acquisition funnel for superior retention.

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→Sustainable Expansion

→Market Volatility

→Hybrid Finance

Aster DEX Hybrid Model Captures Two Million Users Redefining Decentralized Trading

The Hybrid Model, powered by AI liquidity routing, fundamentally solves execution inefficiency, attracting mass-market and advanced traders to a Layer 1 DEX.

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→On-Chain Trading

→Financial Execution

→Decentralized Trading

DASH Aster DEX Hybrid Model Captures Billion-Dollar Liquidity on ZK Layer-Two

The hybrid AMM-CEX architecture, powered by a ZK Layer-2, delivers CEX-grade speed and order-book precision, structurally eliminating slippage friction for institutional capital.