DEX

Hyperliquid is becoming a preferred venue for Wall Street traders to trade perpetual futures outside traditional exchange hours, as 24/7 onchain markets absorb activity from legacy venues. The report highlighted a Saturday crude-oil trade that ended with a 243% gain and noted claims that Hyperliquid controls more than 70% of decentralized perps, alongside daily volume often above $1 billion.

edgeX said the EDGE token sank as much as 71% within hours on June 2 and that reviews by exchanges and market makers found no signs of coordinated manipulation. The firm attributed the move to thin on-chain liquidity, crowded longs, and liquidation spillovers into perpetual futures, and it unveiled a 200,000 USDC bounty plus voluntary goodwill payments for affected users.

Orbs has rolled out the V5 upgrade on Ethereum and Arbitrum, introducing a hybrid Layer 3 model that shifts complex DeFi automation off-chain while keeping verification anchored on the two networks. The release adds a "Committee Sync" mechanism designed to reduce the cost and fragmentation of per-chain verification for advanced order types and automation tools.

EDGE fell to an all-time low of around $0.40 on June 1 after previously reaching $1.54, with the move erasing about 51% in a single day and sparking roughly $6.2 million in liquidations. edgeX said the protocol was not compromised and blamed suspected external market manipulation, while on-chain researcher ZachXBT questioned the token's supply concentration and criticized the project's self-investigation.

On June 1, Uniswap (UNI) fell 2.30% and broke below the $3.02 support it had held since February, with the token trading around $2.97 over the past 24 hours. Trading volume rose 35% to $110.95 million as derivatives positioning tilted bearish, including a 0.91 long/short ratio and nearby liquidation levels at $2.91 and $3.09.

On May 27, 2026, Intercontinental Exchange CEO and founder Jeffrey Sprecher said at the Bernstein Strategic Decisions Conference that Hyperliquid is "bigger than Nasdaq," pointing to its scale despite a core team of 11 people. The piece contrasts that claim with token and equity valuations, then shifts to activity metrics such as roughly $180B in monthly volume and more than 70% share of the decentralized perpetuals market. It also flags regulatory uncertainty for U.S. and U.K. users and highlights upcoming dates including June 11 and the June 30, 2026 MiCA deadline.

OpenZeppelin co-founder and former CTO Manuel Aráoz said DeFi is unsafe and said he has privately advised friends and family to exit major "blue-chip" protocols. Industry figures including 0G Labs CEO Michael Heinrich and Cysic founder Leo Fan disputed the framing, citing about a 98% improvement in DeFi lending security since 2020 and daily loss rates near 0.001% on major lending protocols. They argued security is shifting toward continuous, machine-speed defenses and that regulators should prioritize operational security over a narrow focus on code.

Americanfortress has rolled out a beta of its compliance-oriented privacy infrastructure on Arbitrum, adding stealth-address tooling and name-based transfers aimed at institutional and high-volume DeFi use. The company says Arbitrum holds more than $15 billion in total value locked, and the beta includes a “Receive on Arbitrum Privately” campaign that will grant the first 500 eligible participants a lifetime FortressName.

Alephium said its TokenBridge on Ethereum was exploited, with roughly $815,000 drained after an attacker minted 13.76 million wrapped ALPH from forged transactions. The team urged liquidity providers to pull funds from ALPH pools on Uniswap and PancakeSwap and avoid swapping against those pools while the bridge remains shut down.

More than 1,400 liquidity pools linked to legacy DxSale contracts on BNB Chain were emptied in a $7.3 million exploit flagged on May 29. Investigators said some proceeds, including 2,958 BNB worth $1.87 million, were funneled across wallets and routed through services such as AnySwap before reaching Binance deposit addresses. DxSale had not issued a public statement at the time of reporting.