The CEO of a decentralized derivatives exchange has told Cointelegraph that many DEXs are unusable — and he's determined to change that. Lei Wang is the head of Kine, which aims to provide a fast, effortless way to trade derivatives across multiple blockchains. In a live ask-me-anything session on Cointelegraph's YouTube channel, he revealed that trades using Kine's infrastructure are completed in 20 milliseconds — and users can take out multiple positions on the same asset, all while managing them separately. Plus, in an attempt to reach a broad cross-section of users, a copy trading feature serves as an educational …

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. This past week, Celsius’s financial troubles mounted further as a new coin report showed the company had a balance gap of $2.85 billion, more than double what it had shown in the bankruptcy filing. Aave (AAVE) called upon community members to commit to the Ethereum proof-of-stake (PoS) Merge. Coinbase CEO said the exchange would rather wind down its staking services than implement on-chain censorship in the form of regulatory compliance. The crypto market saw …

After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try to pin the correction as a "technical adjustment," but the network’s deposits and decentralized applications reflect worsening conditions. To date, Avalanche remains 83% below its November 2021 all-time high at $148. More data than technical analysis can be analyzed to explain the 16% price drop, so let’s take a look at the network’s use in terms of deposits and users. The decentralized application (DApp) platform is still a top-15 contender with a $7.2 …

The aggregate total value locked (TVL) in the crypto market measures the amount of funds deposited in smart contracts and this figure declined from $160 billion in mid-April to the current $70 billion, which is the lowest level since March 2021. While this 66% contraction is worrying, a great deal of data suggests that the decentralized finance (DeFi) sector is resilient. The issue with using TVL as a broad metric is the lack of detail that is not shown. For example, the number of DeFi transactions, growth of layer-2 scaling solutions and venture capital inflows in the ecosystem are not …

Crypto investors found cause for celebration on July 14 as the market experienced a positive trading session just one day after the Consumer Price Index (CPI) posted a June print of 9.1%, its highest level since 1981. The move higher in the market wasn’t entirely unexpected for seasoned traders who have become familiar with a one to two-day bounce in asset prices following the most recent CPI prints. These traders also know there’s nothing to get too excited about, as the bounces have typically been followed by more downside once people realize that the high inflation print is a negative …

A major aggregator of decentralized exchanges has launched an intuitive new feature that allows traders to find out which tokens are trending right now — and the cryptocurrencies that could be next. KyberSwap's Discover feature harnesses their own TrueSight technology and brings together on-chain data, trading volumes and price trendlines to help investors stay ahead of the game — including intelligence from CoinMarketCap and CoinGecko. The platform says it's the first DEX to deliver a "Trending Soon" feature, KyberSwap gives crypto enthusiasts crucial signals about the altcoins that are gaining momentum. Discover is the latest feature to be added to …

A crypto trading hub is preparing to celebrate five years of innovation at the cutting edge of DeFi — enabling investors to execute trades with low fees. Kyber Network has established a suite of products that traders, liquidity providers and developers rely on every day. Through KyberSwap, tokens can be swapped immediately at highly competitive rates — and all without compromising on user experience. Deep liquidity is crucial, and this is aggregated through a plethora of DEX protocols. Tools give developers the ability to innovate and build new applications that boast instantaneous exchanges of decentralized tokens, too. And to ensure …

What is the next evolution for cryptocurrency exchanges? The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory, this experience would enable users to control their funds at all times without giving up the flexibility of a promising user experience. Polkadex has proposed this next exchange iteration as a decentralized peer-to-peer order book-based cryptocurrency …

The cryptocurrency market is growing to include more assets and chains available than ever before. Unfortunately, despite the number of assets at play, most decentralized exchanges (DEXs) are still unable to deliver and facilitate the frequency and volume of trades necessary to satisfy the market. As a result, these exchanges face a lack of liquidity and high slippage, often occurring when fractions of an order are completed at a lower price and the rest at a higher and less advantageous price. For this reason, investors often seek out manual workarounds, including checking for the best trading prices on all DEXs …

With more interest in blockchain development comes more technology platforms to develop on. The industry, which started with only a select handful of relevant blockchains in the 2010s, has grown to include hundreds of chains today. The sheer volume of platforms, although offering different benefits, has also shed light on a few unintended consequences, including assets, applications and users siloed in their native blockchains due to the lack of interoperability between platforms. Not surprisingly, ad-hoc solutions have emerged since the problem is far from new. Among them are bridges. In application, bridges store liquidity between two networks, taking wrapped assets …

Osmosis, a decentralized exchange (DEX) built on the Cosmos network, was halted just before 3:00 am EST on Wednesday after attackers exploited a liquidity provider (LP) bug to the tune of roughly $5 million. The bug was first identified in a Reddit post on the official Cosmos Network page. The user, Straight-Hat3855, brought attention to a “serious problem” with Osmosis (OSMO) that allowed users to arbitrarily grow LPs by 50% simply by adding and removing liquidity. The Reddit post was quickly removed, but not before malicious actors took advantage of the bug, which saw approximately $5 million removed from liquidity …

The Maiar Exchange, a decentralized exchange (DEX) native to the Elrond blockchain, has been temporarily taken offline after an attacker utilized an exploit and made off with roughly $113 million worth of Elrond eGold (EGLD). Minutes before 12:00 am UTC on Monday, the co-founder and CEO of Elrond, Beniamin Mincu, tweeted that he and his team were “investigating a set of suspicious activities” on the Maiar decentralized cryptocurrency exchange. Soon after, the DEX was taken offline, with Mincu reporting that the issue had been identified and an “emergency fix” was being implemented. In a Twitter thread posted almost 24 hours …