News linked to both this project and an event.
Odaily Report: According to Lookonchain monitoring, ZEC has fallen more than 18% from its recent high. A whale opened a 5x leveraged long position on 4,135 ZEC on Aster DEX, worth $5.8 million, and currently has an unrealized loss of more than $450,000.
Odaily News: Blockworks analyst Shaunda Devens posted on X that Polymarket's current FDV valuation of approximately $1.5 billion for Variational is somewhat overly optimistic. This pricing directly applies Hyperliquid and Lighter-level valuation-to-revenue multiples to a platform that still relies on points subsidies. By comparison, the median first-day "FDV / annualized revenue" ratio for recently launched Perp DEX tokens is only 6.3x (Variational is currently around 57x), and within the first month after TGE, trading volume typically drops sharply by a median of 54%.Shaunda added that if conservative assumptions based on historical precedents are adopted (using the median first-day "FDV/annualized revenue" ratio of 6.3x), Variational's fair valuation would be only $167 million, corresponding to a points price of $4.8–$5.4. Even using the highest recent ratio precedent (Lighter's approximately 21.1x), its valuation would still only be about $558 million, corresponding to a points price of $16–$18.However, Shaunda also explained: "To be clear, given that current market risk appetite is clearly in a Risk-on state, we do not believe Variational's valuation at TGE will fall to the extremely conservative range mentioned above. These historical multiples are listed to illustrate that current pre-market OTC pricing may be overly optimistic."
well-known trader Bonk Guy posted in a TG channel stating that Arc is essentially a stablecoin public chain, and suitable use cases such as stablecoins may be found in the future. Although he has already bought Meme coins on the Arc chain, he plans to hold them for only a few days at most, and emphasized that if participating in Meme coin trading on Arc, it should be treated as a short-term opportunity.Bonk Guy further pointed out that for a long time, Arc has been one of the "best-executed" public chain launches. In the early stages after launch, the project connected to multiple key platforms such as FOMO and DEX Screener, with major launch platforms including Argus, Tolly, Lift, and Long. However, Arc is not the next Robinhood, BNB, or Solana, and users should participate cautiously, noting that treating it as a similar public chain may lead to losses.
DeFi analyst Jordi in Cryptoland posted on X stating that historical data shows Uniswap's activation of the Fee Switch did not weaken its competitiveness—its market share not only held steady but even increased. Before the fee switch was turned on, Uniswap accounted for 21% of total DEX trading volume; immediately after the switch was flipped, its share remained essentially flat; now, with the onboarding of the Robinhood channel, its share has risen to 31%.Today, Uniswap's value capture capability is also stronger. Protocol monthly revenue started from zero and has now stabilized at around $7.2 million. Compared to its multi-billion-dollar valuation, this figure is not particularly impressive (the P/E ratio remains above 40x), but with market share increasing by 10 percentage points while monthly revenue jumped from zero to $7.2 million, this is absolutely a massive milestone.
Odaily News: According to on-chain analyst Ai Yi, an address (0xC31...23fb) associated with early Ethereum contributor billΞ.eth withdrew 500,000 LIT from the Lighter protocol 2 hours ago, worth $2.07 million. Lighter is the Perp DEX built into Robinhood Wallet, and its trading volume has increased recently, with LIT up over 97% in the past month.
Perp DEX PopDEX, built for real traders, has recorded over $1.7B+ in trading volume and an LP pool size of approximately $61 million during its Closed Beta phase. Meanwhile, the platform has completed three rounds of cash reward distributions covering traders, feedback contributors, and community builders; in the latest round, single-address rewards reached up to 3,300 USDT. As the hype surrounding Robinhood Chain and BNB Chain memes continues to grow, PopDEX has launched popular meme perps including PONS, CASHCAT, and MARSCOIN, and initiated the Meme Gang War trading competition to provide traders with additional reward pool opportunities beyond standard incentives.
According to on-chain analyst Mlm onchain, TradeXYZ has completed the HIP-4 DEX deployment on Hyperliquid. On-chain transaction records show that the deployment was completed at 21:15 Beijing Time on September 5.
Odaily News Uniswap founder Hayden said on X that correlated trading pairs are emerging. The top five tokenized SPY trading pairs by volume are "bridge" pairs connecting other common base pairs, which then primarily link to highly correlated tokenized stocks. These markets are global, programmable, low-cost, and operate 24/7.Uniswap founder Hayden said on X:.I've been working at the frontier of DeFi for 9 years. It's a fascinating field with infinite depth and the potential to transform capital markets.I've always believed AMMs hold immense potential, but for the past decade, one question has persisted: Can this novel market structure truly become the core engine for all financial markets?After years of evolution and development, the path for AMMs to achieve global dominance is becoming increasingly clear. To explain this, we need to start in 1976.Tokenization Changes Market Makers.Index funds celebrated their 50th anniversary this month. When Jack Bogle launched the index fund in 1976, he hoped to raise $150 million but ultimately raised only $11.3 million. Competitors called it "Bogle's Folly," posting posters claiming index funds were un-American. They argued that a fund making no decisions couldn't possibly beat professionals paid to make decisions. Today, the majority of US fund assets are allocated to passive investment vehicles.I've been thinking about this recently because tokenization's "folly moment" is ending. The SEC has approved NASDAQ and the NYSE to trade tokenized stocks. DTCC, which handles virtually all US securities settlement, also conducted a live pilot of tokenized trades in July. Nearly all related activity is described the same way: treating tokenization as an infrastructure upgrade.The same markets, faster, cheaper, and always open. These statements are all true, but I believe the infrastructure upgrade framework obscures a larger change. Tokenization makes markets programmable, changing how markets exist, who makes markets, and what is traded.In 2018, I created Uniswap, an automated market maker protocol. Anyone can deposit two assets into a shared liquidity pool and earn fees from every trade, while prices adjust along a curve as users buy and sell. Uniswap has operated autonomously since its launch, processing over $4.6 trillion in cumulative volume and increasing DEX spot volume share from under 1% to over 20%.As AMMs like Uniswap continue to evolve, their liquidity has formed a pattern most financial markets haven't noticed yet: correlated trading pairs.The Easiest Place to Find Success.To succeed everywhere, you must first succeed somewhere. AMMs found product-market fit in long-tail markets because most assets previously couldn't attract professional market makers' attention. On Uniswap, anyone can create a market with a single transaction, and issuers and early supporters can become the first liquidity providers.Then came stablecoin pairs. Take USDC/USDT, for example. A good passive strategy can approach optimal l
Odaily News: According to Lookonchain monitoring, PONS market cap has surpassed $500 million. A trader (0xe3b...aB62) deposited $54,000 into Aster DEX 6 hours ago, then opened a long position on 447,100 PONS with 4x leverage, bringing the position value to $226,000. The unrealized profit currently stands at $8,600, representing a return rate of 15%.
According to data from crypto analyst Adam, the 24-hour DEX trading volume on Robinhood Chain surpassed $900 million for the first time; Meme token launchpads recorded $438 million in trading volume yesterday, hitting an all-time high; and RWA trading volume surpassed $200 million for the first time.
Odaily News: On-chain analyst Tom Wan stated on platform X that the total market capitalization of Robinhood stock tokens has reached $50 million, and the number of holders with positions valued over $1 has doubled since the beginning of the month. Additionally, the integration of Robinhood Chain stock tokens with DeFi continues to expand, now connected to DEXs such as Uniswap, Arcus, Deepstate, and Rialto, as well as Lighter perpetual contracts and the Morpho lending protocol.
Odaily News: According to Lookonchain monitoring, an address on Aster_DEX turned $24,000 into $275,000 in less than a month, achieving an 11x return. The address deposited $24,000 into Aster and used up to 100x leverage to go long on Bitcoin, ETH, and LINK, realizing over 10x gains on each trade. The address has withdrawn $91,000 in profits and still holds $184,000 on Aster.
Odaily News, Blockworks analyst Shaunda Devens stated on the X platform that Kraken may be testing Hyperliquid's HIP-3 (Builder-Deployed Perpetuals) new compliant deployment feature, potentially becoming one of the first centralized exchanges to explore this mechanism. BlockworksData shows that a deployer named "Kraken HIP-3 test DEX" has enabled permission management functionality (Star gating) on the Hyperliquid testnet and went live for testing on August 19. Currently, this test DEX has completed whitelist settings for 10 wallets, tested 3 of the 5 compliance control features, and registered a "Kraken Exchange Validator."Shaunda Devens noted that Hyperliquid has been continuously adding testnet features to support regulatory-compliant HIP-3 deployments, including whitelist management, canceling user orders, closing positions via reduce-only orders, and moving collateral. These capabilities are similar to the risk control mechanisms required by traditional financial institutions' compliant trading platforms.Although this is still in the testing phase, and any user could deploy a test DEX with a similar name, making it impossible to confirm it definitively belongs to Kraken, combined with Hyperliquid's recent expansion of xStocks functionality and Kraken's parent company Payward's involvement in related business initiatives, analysts believe Kraken may be testing HyperCore's new infrastructure targeting institutional and compliant markets.HIP-3 is a third-party deployed perpetual contract market framework introduced by Hyperliquid, allowing eligible developers to create independent perpetual trading markets on HyperCore's order book infrastructure. It is considered a key upgrade direction for Hyperliquid to expand into traditional assets and institutional trading scenarios. If large compliant exchanges like Kraken enter the HIP-3 ecosystem, it could further drive the integration of on-chain derivatives markets with traditional financial trading systems.
Odaily News: According to Lookonchain monitoring, a whale that previously profited over $1.12 million from a long position on AKE is currently long on GPS on Aster DEX, having opened a 2x leveraged long position involving 27.23 million GPS tokens worth $450,000. The position is currently up $80,000, representing a return of 35.66%. GPS has risen 70% recently.
Odaily News: According to Lookonchain monitoring, a whale (0x117...baeb) opened a 4x long position on ASTER via Aster DEX, involving 7.2 million ASTER (worth $4.33 million). Meanwhile, the whale staked 4.02 million ASTER (worth $2.42 million) for a 4-year term.
Approximately one month after its launch, Robinhood Chain has surpassed Solana in two metrics: Meme coin trading volume and the number of tokenized stock holders. On-chain data shows that Robinhood Launchpad's weekly trading volume reached $1.23 billion, surpassing Solana's core Meme coin platform PumpSwap's $1.22 billion for the first time; in terms of tokenized stock asset holders, Robinhood Chain leads with 330,000 users, followed closely by Solana with 281,000, while BNB Chain ranks third with 214,000. However, the lead in holder count has not translated into an advantage in asset scale—Robinhood Chain accounts for only about 1% of the over $2 billion tokenized stock market. Additionally, Meme coin hype cooled off towards the end of the month, with the chain's DEX daily trading volume falling from a peak of $900 million to around $500 million. To date, Robinhood Chain has generated cumulative revenue of approximately $3 million. On the stock front, institutional analysts from Bernstein, Goldman Sachs, and others maintain a bullish outlook on HOOD stock, with a target price of $122, representing approximately 31% upside potential from the current price of $92.7.
Coinbase has released a post-mortem report on the service outage that occurred on July 14, stating the incident was caused by a misconfiguration of a critical network component triggered by a routine configuration update. The impact lasted approximately 50 minutes, and user funds remained safe throughout the period.Coinbase stated that at 12:34 Beijing time (12:34 AM Eastern Time) on July 14, the company deployed a routine configuration change to a shared production Kubernetes cluster hosting core infrastructure services. The update was originally intended to migrate to a new service deployment model to enhance system performance and reliability.However, due to a resource name conflict that was not detected by the pre-production environment's detection mechanisms, this configuration modification unexpectedly affected the Istio Ingress Gateway-related Kubernetes resources within the cluster, rendering the network component unavailable. Approximately 3 minutes later, all inbound traffic to the cluster was interrupted, preventing internal services from accessing several infrastructure components.Coinbase noted that because numerous asynchronous workflows rely on these infrastructure services, including processes such as transaction settlement, fund transfers, and debit card transaction authorizations, multiple business lines were affected. The impacted services included:Retail users were unable to complete off-chain transactions, deposits, and withdrawals; some pending transactions appeared stuck and were completed after the service was restored;Coinbase Card debit card transactions temporarily failed, credit card payments were unaffected, but some card management functions were unavailable;Coinbase DEX's on-chain swap services on Base and Solana were suspended;Coinbase Exchange and Prime institutional customers experienced failed or delayed transfers and settlements;Coinbase Developer Platform customers were unable to complete account creation, fund transfers, or deposit services.Coinbase stated that the ingress gateway was restored at 13:20 Eastern Time, and the incident was mitigated by 13:23. Subsequently, the system began processing the backlog of tasks, with most services returning to normal quickly; the remaining queues were processed over the following hours. During the recovery process, Coinbase encountered two additional challenges. First, the deployment tools themselves relied on the affected ingress gateway to operate, preventing the standard rollback process from being executed, creating a circular dependency where the "fault impacted the remediation tools." Second, while the emergency break-glass access process was effective, the permission verification and manual review procedures increased the recovery time.Coinbase stated that there was no risk to asset security in this incident, but it exposed areas requiring continuous optimization in automated deployment, system dependencies, and disaster recovery mechanisms for large-scale finan
Blockworks' Solana Q2 2026 Token Holder Report indicates that the scale of on-chain tokenized asset trading reached a new high this quarter, hitting $5.8 billion, a 114% increase quarter-over-quarter. Among this, tokenized stock trading accounted for $4.8 billion, representing 97% of the entire network's tokenized equity trading volume, with institutional demand for RWA becoming the core growth driver.Dragged down by the ebbing tide of the meme coin market, Solana's real economic revenue decreased by 43% quarter-over-quarter to $51 million, and DEX spot trading volume fell back to $160.8 billion. However, the funding side remained robust, with SOL spot ETPs seeing a net inflow of $120 million and total staked amount reaching 427 million SOL, accounting for two-thirds of the total supply. Going forward, Solana will implement the Alpenglow upgrade and related SIMD proposals to adjust inflation and token burning rules, enhancing SOL's value capture capabilities.
Odaily reports, perpetual contract DEX Ostium stated that platform trading remains paused following a security incident. User positions remain open but cannot be modified for now, and trading margin funds are still held in the frozen trading smart contract without any movement.Ostium stated that its team is continuously coordinating with relevant authorities, SEAL 911, and multiple security researchers. Updates regarding the resumption of smart contract activities and the timeline for fund recovery will be released subsequently.According to PeckShield monitoring, approximately 24 million USDC from Ostium's public OLP vault was stolen. The attacker subsequently swapped these funds for approximately 12,100 ETH, of which about 10,500 ETH was transferred to Tornado Cash.
according to Lookonchain monitoring, a mysterious whale created 3 new wallets, deposited 3 million USDT into Aster DEX, and opened a total long position of 4.73 billion AKE tokens, valued at $3.37 million.