Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Robinhood CEO’s official Twitter account posts suspicious messages, suspected of being hacked.
Robinhood CEO Vlad Tenev’s X account was reportedly hacked, leading to an abnormal post published in the early morning that announced the launch of Robinhood Chain’s so-called "official" mascot token Vladhood (VLAD), along with the token’s contract address. The token’s contract page was later flagged as "SCAM" in the Robinhood Chain block explorer, alerting users to potential fraud risks. The post has since been removed.
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AMD saw a short-term drop of more than 5%, while Helios has entered full-scale production and is nearing shipment.
According to market data from BIT (bit.com), AMD (AMD.O) shares have fallen to an intraday low, currently down 4.72%, after earlier rising 0.66%. AMD CEO Lisa Su just announced the launch of the Helios AI server full rack, noting that Helios has entered full-scale production and will begin shipping soon; the MI450 AI accelerator will become the industry's highest-performance AI accelerator.
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SpaceX has released the live stream page for its 13th Starship flight, with today’s launch probability currently reported at 64%.
According to PolyBeats' monitoring, SpaceX has just released the official live stream page for its 13th Starship flight test, which lists the live stream start time as 6:14 AM (UTC+8) on the 24th. On prediction market Polymarket, the "yes" probability for the question "Will SpaceX launch Starship today (local time 23rd)?" is currently at 64%, while the probability of a launch this month stands at 91%. Starship Flight 13 previously aborted automatically roughly 1 second before clearing the launch pad on the morning of July 17. The U.S. Federal Aviation Administration (FAA), in its latest operational plan released today, continues to list SpaceX’s 13th Starship flight test as a scheduled task for the day. Flight 13 is now targeted for launch as early as 17:45 local time in Texas, or 06:45 Beijing time on July 24, with a 90-minute launch window extending to 08:15 Beijing time. Real-time data from Next Spaceflight shows all 19 launch preparation conditions—including rocket testing, stacking, airspace notices, and maritime warnings—have been completed, with no new technical faults or delay announcements reported to date. --------------------------------- Be among the first to glimpse the future. Follow @PolyBeats_Bot See tomorrow, today. Follow @PolyBeatsEN
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Citrini’s view: Bullish on AMD, bearish on NVIDIA. Coding AI is eroding NVIDIA’s competitive moat from the software side, marking the end of its CUDA moat.
Citrini analyst Jukan, citing recent core views from DeepSeek founder Liang Wenfeng, pointed out that AI-driven code generation and high-level programming languages like TileLang are rapidly lowering entry barriers to the CUDA ecosystem. While DeepSeek uses NVIDIA GPUs to train its V3 model, it has significantly reduced its reliance on NVIDIA’s software ecosystem via its self-developed compiler and TileLang environment. Earlier, Liang projected that porting TileLang and DeepSeek’s compiler to Huawei chips would largely resolve China’s chip ecosystem issues in about a year, with production capacity being the only remaining bottleneck. Liang quantified the China-U.S. chip gap: hardware efficiency is roughly four times lower, and there is a roughly two-year time lag. He also revealed that DeepSeek is working closely with Huawei, expecting to obtain around 16,000 Huawei AI chips, and the Huawei 950 SuperNode can replace the workloads of NVIDIA’s GB200/GB300. Analyst Jukan characterized this as "the end of CUDA’s moat" and holds a highly bearish outlook on NVIDIA. Jukan added that this line of reasoning is precisely one reason for being bullish on AMD: advances in coding AI will also naturally accelerate the development of the ROCm ecosystem, helping narrow its gap with CUDA. When AMD recently invested in Anthropic, it announced it would actively use Claude Code for chip design and software engineering. Overall, advances in AI programming tools are systematically eroding NVIDIA’s competitive barriers from the software side. China’s chip ecosystem issues will be rapidly resolved thanks to code generation capabilities, while AMD will benefit from ROCm’s accelerated growth. The CUDA moat NVIDIA relies on to retain developer loyalty is facing a two-pronged attack, and catching up in hardware efficiency and production capacity is only a matter of time.
2 hours ago
AMD: AI Accelerator Market to Reach $1.4 Trillion by 2030
AMD CEO Lisa Su stated that the AI accelerator market is projected to reach $1.4 trillion by 2030. AI accelerators are specialized hardware designed for AI computing tasks such as matrix operations in deep learning, capable of processing massive parallel workloads with far higher efficiency and energy efficiency than traditional CPUs. Mainstream types include NVIDIA GPUs and custom ASICs from vendors like Broadcom, which serve as the core computing backbone driving large model training and inference.
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Data: Approximately 75% of BMEX tokens have never been claimed or put into circulation, with only 8% allocated at the time of listing.
On-chain visualization analytics platform Bubblemaps noted that after BitMEX announced it would officially cease operations in September, its platform token BMEX plummeted by roughly 95% today. However, per the token economics model released in 2021, 92% of BMEX tokens are locked in vesting contracts, with only 8% allocated at launch — 5% via airdrop and 3% for product and liquidity purposes. On-chain data shows the only token withdrawal occurred on November 2, 2022, when the product and liquidity address received 63.75 million BMEX. Meanwhile, approximately 75% of tokens originally earmarked for employee incentives, ecosystem growth, and long-term reserves have never been withdrawn and have never entered circulation. Bubblemaps added that this is not necessarily a violation, but per the publicly disclosed allocation plan, these large portions of tokens have indeed never been actually distributed. BlockBeats previously reported that notably, the platform’s current handling of BMEX tokens is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX’s official shutdown announcement today is that the platform has immediately unstaked all staked BMEX tokens and returned them directly to holders’ accounts. Per BitMEX’s earlier announcement, BMEX is a pure platform utility token, not equity, debt, or an asset with promised returns. The official disclaimer states that BMEX is only used for features such as trading fee discounts and staking rewards on the BitMEX platform, does not constitute an investment, and the platform assumes no refund or exchange liability.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Tokenized real world assets crossed ~$30B onchain this month, and the fastest moving corner is tokenized stocks: real US equities you can trade from a wallet, anywhere in the world, any time. No brokerage account, no market hours.
And a leading onchain venue to trade them? Hint: You're already here.
🌐 What Are RWAs? Real world assets (RWAs) are traditional financial assets - stocks, bonds, U.S. Treasuries, ETFs, commodities - issued as tokens on a blockchain, typically backed 1:1 by the real asset held with a custodian.The asset stays real; only the wrapper changes. That wrapper is the focus: it moves assets that normally live behind brokers, banks, and business hours onto open rails where anyone can hold, transfer, and trade them onchain.
Here's the full menu at PancakeSwap across BNB Chain, Ethereum, Robinhood Chain, and Solana:
RWA CategoryWhat It IsIssuersExamplesTokenized stocksReal U.S. equities, onchain - deep dive belowbStocks, Ondo, xStocks, RobinhoodTSLAB, NVDAB, CRCLBTokenized ETFsOnchain exposure to index and sector fundsOndo, xStocksS&P 500 ETFTokenized bonds & TreasuriesU.S. government debt exposure, onchainOndo Global MarketsTMUSon, USOonTokenized goldCommodity exposure, onchainTether GoldXAUT (Full asset lists live with each issuer)
Tokenized Stocks in 60 Seconds A tokenized stock is a token backed by or tracking a real share - in most cases held 1:1 with a licensed custodian, so one tokenized Tesla means one real Tesla share in reserve. On BNB Chain they're standard BEP-20 tokens - self-custodied, freely transferable, and composable across DeFi - and you can trade them on PancakeSwap across Ethereum, Solana, and Robinhood Chain too.
Why they exist: traditional stock investing is gated by geography - paperwork, minimums and FX fees. Tokenized stocks make that access borderless. A wallet and some stablecoins is the entire onboarding.
How they get their price: two mechanisms keep tokens glued to the real stock. Mint / redeem arbitrage against the underlying reserves anchors the peg, while Chainlink's tokenized equity feeds aggregate prices from multiple premium data providers into a tamper-resistant onchain reference — corporate actions like splits and dividends included. Backing is verifiable too: check Binance's Proof of Collateral, xStocks, and Ondo's docs.
🥞 PancakeSwap’s Tokenized Stocks Terminal: Four Issuers, One Venue PancakeSwap's Tokenized Stocks Terminal is the single onchain venue where every major tokenized stock issuer lives side by side - 1000+ assets across four issuers, with more listing regularly:
bStocks: the flagship of the menu. 40+ tokenized U.S. securities issued via Binance and backed 1:1 by real shares you can verify yourself, any time, on the live Proof of Collateral page Best of all: you keep earning dividends on the underlying stock, collected directly in your token balance - the only issuer on the menu that offers this.
Ondo: 400+ tokenized U.S. stocks, ETFs, and bonds (AAPLon, AMZNon, TSLAon). xStocks: 500+ tokenized equities and ETFs powered by Backed, including the S&P 500 ETF, tradeable from just $10. Robinhood: 90+ Stock Tokens linked to companies and ETFs including Nvidia, Google, Apple, and the Invesco QQQ, live on Robinhood Chain and tradeable through PancakeSwap 24/7 across 120+ countries. Trade on PancakeSwap: One Stop Shop for RWAs This is the real edge:
Gasless trading - trades executed through PancakeSwapX cost you nothing in gas. Better pricing by design - orders are filled through open competition between market makers, so you get the best quote, not the only quote. Built for a crosschain future - PancakeSwapX is an intent-based solution, meaning your RWA trades won't stay boxed into one chain long term. The widest issuer menu - bStocks, Ondo, xStocks and Robinhood side by side, plus Colb for pre-IPO exposure, all in one venue. A true terminal, not just a swap page - real stock market data, onchain data and company fundamentals in one view, so you can research before you trade, with issuer comparison now live. Near instant settlement instead of T+1. Full self custody - tokens sit in your wallet, not a broker's ledger. Composability - your tokenized stocks are DeFi building blocks - with bStocks, earning dividends the whole time. Tokenized asset volume on PancakeSwap has already crossed $1B cumulative, and it's still early.
How to Use PancakeSwap’s Tokenized Stock Terminal Open the Terminal. Go to https://pancakeswap.finance/stocks or click "Stocks" in the navigation bar.
Browse the market. Live prices and charts for every listed asset. Filter by issuer: bStocks, Ondo, xStocks or Robinhood — using the category selector under the search bar, or search a ticker directly. When you search a ticker directly, you can see price options by multiple issuers in the swap interface. Select one offering the best price.
Connect your wallet. Any BNB Chain-compatible wallet works; hold USDT or USDC to trade with.
Swap. Pick your stock, enter the amount, confirm. Settlement lands in seconds, tokens go straight to your wallet.
Check under ‘My Positions’ to see your holdings.
You can now hold, trade anytime, or deploy across DeFi as integrations expand.
And the menu never stops growing.
Fresh out of the Kitchen on bStocks: TSMC (TSMB), Broadcom (AVGOB), Nokia (NOKB), IBM (IBMB), Alibaba ($BABAB), Rocket Lab (RKLBB) and more are some of the most recent additions with fresh bstocks landing regularly. Keep an eye on the Terminal; your next favorite stock might already be there.
Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.
Stack'em, The Chefs 🥞
Disclaimer: Tokenized stocks are not available in all regions and are subject to issuer eligibility requirements (see PancakeSwap region list). Trading involves risk, including possible loss of value. Nothing here is financial, investment, or legal advice, do your own research.
Balance Coin, an algorithmic stablecoin designed to maintain a fixed value of $1, plummeted by approximately 99% on Wednesday after a major security breach. The attack resulted in the loss of $912,000 from the project’s treasury, wiping out nearly its entire $3.5 million nominal value.
Algorithmic stablecoin loses peg after exploitBalance Coin (BLC) is a stablecoin built on an algorithmic model and aimed at consistently trading close to the US dollar. Before the incident, BLC was trading at around $0.9954. However, by early Wednesday, its price had plunged to between $0.0014 and $0.0025, according to several tracking services.
This sharp decline followed a targeted exploit that manipulated the project’s BTCB price oracle. By late Wednesday, BLC had lost nearly all of its market value.
Security flaw exploited via distorted oracleThe Balance Protocol operates a lending and minting system reminiscent of MakerDAO, allowing users to lock up assets such as Bitcoin Cash (BCH), Binance-pegged Bitcoin (BTCB), and USDT in order to mint new BLC tokens. When collateral falls below a required threshold, the protocol automatically liquidates the position and sells the collateral.
SlowMist, a blockchain security firm, traced the exploit to the protocol’s Median Oracle, which supplies BTCB price data. The attacker set an abnormally low price for BTCB using the Spotter contract’s ‘poke’ function, then triggered liquidations through the Dog module. SlowMist noted the Spotter module lacked safeguards such as a time-weighted average price, deviation bounds checking, or a liquidation delay.
SlowMist observed that the protocol’s absence of critical security features allowed an attacker to liquidate secure vaults by submitting a manipulated price, collecting the collateral in a single transaction.
Without these protections, the system quickly became vulnerable, making previously safe vaults suddenly appear insolvent and allowing the thief to claim the locked assets.
Mini dictionary: Oracle, a mechanism that provides external data (such as asset prices) to smart contracts, playing a crucial role in decentralized finance platforms’ operations.
Attacker mints tokens and converts to real assetsThe exploitation did not stop with liquidations. Using a compromised GemJoin contract, the attacker minted around 4.5 million BLC tokens from a null address and promptly swapped them on PancakeSwap V2 for BSC-USD and BTCB, turning freshly created BLC into tangible cryptocurrencies.
A second similar transaction occurred two hours later, minting an additional 5,900 BLC. The sudden influx of unbacked tokens disrupted BLC’s peg in real time, as the mechanism intended to hold its dollar value was turned against the system itself.
Mini dictionary: PancakeSwap, a decentralized exchange protocol on the BNB Chain that allows swapping of BEP-20 tokens without intermediaries.
Security audit limitations and repeated BNB Chain attacks42DAO, the team behind Balance Coin, had previously relied on a CertiK audit of its minting contract as a symbol of security. CertiK is a well-known blockchain security auditor. However, these audits generally focus on bugs such as coding or access control issues, and often treat oracle-price feeds as trusted inputs, overlooking the risk of manipulated data feeds.
Despite Oracle manipulation being highlighted by OWASP’s 2026 Smart Contract Top 10, such attacks typically fall outside standard audit scopes. Balance Coin’s system lacked a time-weighted average price feed, deviation bounds checking, and did not implement a liquidation delay similar to the one-hour Oracle Safety Module used by MakerDAO.
While the system underwent a legitimate audit, its lack of key security measures made it vulnerable to manipulation through the price oracle, which was not considered within the standard audit’s scope.
Security FeatureImplemented by Balance CoinImplemented by MakerDAOTime-weighted average price feedNoYesDeviation bounds checkingNoYesLiquidation delay (Oracle Safety Module)NoYes (1 hour)The Balance Coin incident is the third significant DeFi exploit on BNB Chain in the past two months. In late May, around $7.3 million was stolen from DxScale’s legacy liquidity lockers, and in early June, TesseraDAO suffered a $2.5 million loss due to an admin-key compromise. In all three incidents, affected teams remained silent following the attacks.
Recent analyst commentary points out that attackers are increasingly targeting vulnerabilities in governance structures and data oracles, rather than searching for coding bugs.
Growing instability in algorithmic stablecoins has become more evident after prominent failures including the collapse of Terra’s UST in 2022, as well as repeated depegs affecting Ethena’s USDe and Abracadabra’s MIM.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PancakeSwap just crossed $1 billion in cumulative trading volume for tokenized assets on its decentralized exchange. To put that growth rate in perspective, the platform reported $100 million in tokenized asset volume during its mid-year recap on July 17. Four days later, that number was ten times larger.
The numbers behind the milestone PancakeSwap’s tokenized asset volume is impressive on its own, but it looks even more interesting when you zoom out. The platform has accumulated $4.2 trillion in total lifetime trading volume across all asset types, with a user base of 190 million.
The BNB Chain, where PancakeSwap does the bulk of its work, now hosts over 709 tokenized stocks and ETFs. The chain’s cumulative volume for tokenized stocks alone has surpassed $5 billion, making it the dominant blockchain for this particular flavor of on-chain trading.
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Among the standout products, the tokenized Nasdaq-100 (QQQB) exceeded $100 million in 24-hour volume. PancakeSwap also facilitates trading in Binance’s bStocks, which include tokenized versions of household names like NVIDIA and Tesla.
Why tokenized assets are gaining traction Traditional stock markets operate roughly 6.5 hours per day, five days per week. Crypto markets never close. Tokenized assets bridge that gap, letting traders access equity exposure with the same 24/7 availability they expect from Bitcoin or Ethereum.
The 56 million CAKE tokens burned during the reporting period leading up to the July 21 announcement also suggest healthy protocol economics. Token burns reduce circulating supply, and when they’re funded by genuine trading activity rather than artificial mechanisms, they indicate sustainable demand.
Context and competitive landscape There’s an important distinction between institutional RWA tokenization and what PancakeSwap is doing. Institutional efforts tend to focus on bonds, treasuries, and private credit. PancakeSwap is bringing retail-friendly products like individual stocks and popular ETFs to a decentralized trading environment.
The BNB Chain’s dominance in this space, with over 709 tokenized products and $5 billion in cumulative stock volume, gives PancakeSwap a structural advantage.
What this means for investors Regulatory risk remains the elephant in the room. Tokenized stocks exist in a gray area in many jurisdictions. Whether they’re classified as securities, derivatives, or something else entirely varies by country, and enforcement actions could reshape this market overnight.
For CAKE holders specifically, the combination of growing volume and ongoing token burns creates a potentially favorable supply-demand dynamic. PancakeSwap has found a product-market fit that extends beyond memecoins and DeFi-native tokens, and that diversification of revenue streams is exactly what a mature DEX needs to stay relevant in an increasingly competitive landscape.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@Uniswap recorded $16.6 billion in trading volume over the past seven days, more than the next four decentralized exchanges combined, according to DefiLlama data. The figure cements its position as the dominant force in decentralized trading by a margin that rivals struggle to meaningfully close.
The Rankings at a Glance@PancakeSwap holds second place with $3.79 billion in weekly volume, followed by @Pumpfun at $2.64 billion, @AerodromeFi at $2.5 billion, and @ManifestTrade at $1.11 billion. Combined, those four protocols account for roughly $10 billion, still well short of Uniswap's single-protocol total. Across the top five, @Uniswap commands approximately 62% of all volume.
What makes the gap more striking is the structural context. @Uniswap operates across 47 chains, giving it a breadth that few protocols can match. @AerodromeFi and @Pumpfun each run on a single chain and still managed to crack the top four, a sign that concentrated liquidity and strong product-market fit can carry significant weight even without multi-chain reach.
A Growing Market, One Clear LeaderTotal DEX volume across all protocols rose 7.41% on the week, pointing to broad-based growth rather than a simple shift of liquidity toward Uniswap. Protocols like Uniswap that operate across multiple contract versions, such as V2, V3, and V4, typically report aggregate figures combining activity across all active deployments, which contributes to the scale of its headline number.
Platforms like DefiLlama provide near-real-time aggregation across hundreds of protocols simultaneously, making the weekly rankings one of the most closely watched indicators of momentum in decentralized finance. Each trade recorded in DEX volume represents real capital committed to a swap, and unlike centralized exchange volume, which can include synthetic or wash-traded activity, DEX volume reflects genuine on-chain economic activity.
The concentration of volume at the top of the DEX rankings raises a straightforward question for the rest of the market: with @Uniswap entrenched across nearly every major chain and its multi-version architecture drawing liquidity at scale, closing that gap will require more than incremental improvements from challengers.
Sources
DefiLlama: DEX Volume Rankings
The Block: DEX Analytics and Market Share
The first half of 2026 was about building and shipping. We brought real-world assets (RWAs) onchain at scale, put AI into the DeFi experience, launched a brand-new Perpetuals with an orderbook engine, and kept CAKE deflationary for a 34th consecutive month.
This mid-year Kitchen Report: PancakeSwap crossed $4.2 trillion in cumulative trading volume, surpassed 190 million all-time users, and landed at #6 on Fortune's inaugural Crypto 100, while becoming one of the largest onchain venues for real-world assets anywhere.
Let's get into it.
Tokenized Real-World Assets on PancakeSwap We've now built a Tokenized Stock Terminal — stocks, ETFs, bonds, gold, dividend-bearing stablecoins, and even pre-IPO exposure — trading around the clock, with zero trading fees, MEV protection, and best-execution routing. Our new Stock page lets you trade all 500+ tokenized assets 24/7 onchain in one place, while serving up the fundamentals of each underlying asset — revenue, EPS, market cap, next earnings and 52-week range.
bStocks bStocks, from Binance, are 1:1-backed tokenized U.S. securities — real shares held in custody, tradable onchain 24/7 with zero fees. They went live on PancakeSwap, on BNB Chain and have grown to 35+ assets, including NVIDIA, Tesla, Circle, Microsoft and Meta, each verifiable 1:1. And they don't just trade — they earn: the SPCXB–USDT farm lets you add liquidity and stack rewards on top of your tokenized-SpaceX exposure.
Ondo Ondo Finance anchors the catalogue with 440+ tokenized U.S. stocks, ETFs and bonds via Ondo Global Markets. Flagship names like SPYon (S&P 500), QQQon (Nasdaq 100), NVDAon and TSLAon trade 24/7 — weekends and holidays included.
xStocks xStocks widens the menu with 130+ tokenized stocks and ETFs — from blue chips to major ETFs. All trade across BNB Chain and Ethereum, gasless and MEV-protected through PancakeSwap X.
Robinhood Robinhood stock tokens round out the lineup, live on Robinhood Chain. 95 tokenized assets are now tradable onchain through PancakeSwap, bringing one of TradFi's most recognizable retail brands into the mix.
More Than Stocks Beyond equities: gold went onchain via XGLD–XAUt (BNB Chain, with Unitas Labs) and USDC–XGLD (Base); dividend-bearing stablecoins apxUSD and apyUSD — the first backed by Digital Asset Treasury preferred equity, via Apyx, launched on Base; and pre-IPO exposure went live via Colb.
Powered by PancakeSwap X PancakeSwap X is the engine under the RWA offerings — gasless, MEV-protected execution with best-price routing. It powers tokenized assets across BNB Chain and Ethereum, and to date has handled $834M+ in volume across 102,000+ trades from 33,500+ swappers.
Altogether, tokenized assets, spanning bStocks, Ondo, xStocks and Robinhood across PancakeSwap X and the AMM, crossed $100M+ in cumulative volume by mid-year, with 31,000+ users and 200,000+ trades.
The AI Kitchen: Agents, Skills & Copilots We put AI across the PancakeSwap ecosystem with rails for autonomous agents, and an assistant in the products where decisions get made.
AI Skills: a modular toolkit that lets AI agents plan DeFi strategies across multiple chains, including Swap, Liquidity and Farming Planners at launch, grown to seven Skills. It works with any LLM agent that reads Markdown, including Claude, Cursor and Copilot.
BNB Agent Studio: PancakeSwap is a launch partner in BNB Chain's Agent Studio, which lets anyone deploy an autonomous onchain agent in minutes, with PancakeSwap as the deep, live venue those agents trade on.
AI where you trade: Chef AI answers anything across the ecosystem, and an AI Copilot on Perps reads the market and pre-fills your direction, size and stops.
A Brand-New Perpetuals Engine We rebuilt PancakeSwap Perps — simple enough for a first trade, powerful enough for your best one. Powered by Aster's order-book infrastructure, the new Perps deliver pro-grade execution with a full order book, up to 200x leverage, and one-tap trades in Simple Mode (it’s a piece of cake), all fully onchain and non-custodial. An AI Copilot makes it smarter still, and a new Portfolio page tracks tokens, Perps positions, and LP history in one view.
PancakeSwap on Base On Base, PancakeSwap has become a default venue for traders and LPs.
The DEX mini-app went live inside the Base App — swap, earn and explore without leaving the experience, with the Base CAKE.PAD mini-app alongside it, meeting millions of users where they already are.
Base on PancakeSwap crossed $100B in cumulative volume and now sits at $113B+, across 3.7M+ traders and 185M+ transactions, powered by top-volume pairs like cbBTC–WETH, WETH–USDC and cbBTC–USDC.
The Deflation Engine: CAKE Tokenomics The first half of 2026 extended PancakeSwap's streak to 34 consecutive months of net supply reduction (every month since September 2023) with cumulative burns now past 56 million CAKE. CAKE's total supply now stands at 335M, well below the 400M hard cap.
You can track every burn live on the Burn Dashboard.
Milestones & Recognition $4.2 trillion in cumulative trading volume across the ecosystem — 190M+ users and 10+ chains, led by BNB Chain, Base, and Arbitrum. $4 trillion on BNB Chain — cementing it as PancakeSwap's anchor chain and one of the most-used DeFi venues globally. Base crossed $100B — with 3.7M+ traders and 185M+ transactions. PancakeSwap Infinity crossed $100 billion in cumulative volume and marked its first full year with 350M+ transactions, 60K+ hooked pools #6 on Fortune's inaugural Crypto 100 — among the highest-ranked DeFi names, with Fortune noting PancakeSwap's significant share of the DEX market in 2025. CAKE added to Binance Proof of Reserves — letting anyone verify 1:1 backing of user assets. Community PancakeSwap took DeFi offline with five meetups across five markets, 600+ attendees, 1,300+ sign-ups:
→ Ho Chi Minh City: with @base_vietnam — DeFi builders, IRL.
→ São Paulo: with @SuperteamBR, @ParaBuilders & @Tangem — talks, giveaways, & merch.
→ Hong Kong: we turned a real pancake house into the @cnBaseCommunity embassy — plus a booth at the @BNBCHAIN Super Meetup and the HK Web3 Festival floor. Five days, thousands of people.
→ Seoul: South Korea's first @base Agent Hackathon, built on PancakeSwap AI Skills and Chef Philip judging.
→ Jakarta: with @baseindo — crypto × AI on Base, DeFi, and goodies.
→ Bandung: a packed house with @BinanceAcademy Indonesia — DeFi sessions, merch, USDT prizes.
New ambassadors joined from Japan and South Korea, Philippines, Malaysia and Thailand, and 3 new Telegram communities launched for Malaysia, the Philippines and Thailand. PancakeSwap also hit the stage at Consensus Hong Kong and the HK Web3 Festival.
What's Cooking Next PancakeSwap is now set to be the liquidity hub for onchain trading. The deep, reliable hub where any asset can be traded onchain, and where liquidity is dense enough that traders get the best price in DeFi.
The throughline is that all of it stays onchain: self-custodied, transparent, and permissionless. Deeper liquidity, more assets, smarter tools, one onchain home for trading.
DeFi infrastructure just got a new building block. PancakeSwap has open-sourced a reference AI agent designed for ERC-8183 order and intent settlement, deploying it through BNB Chain’s newly launched Agent Studio platform.
The timing matters: BNB Agent Studio went live on July 1, 2026, and PancakeSwap is one of its first major protocol integrations.
What the ERC-8183 agent actually does Think of ERC-8183 as the instruction layer for AI agents operating on-chain. When a user submits a swap intent, the agent intercepts it, routes it through PancakeSwap’s aggregation layer, and delivers output tokens directly to the client’s wallet.
The implementation is not a casual proof-of-concept. Execution controls include slippage limits, atomic transaction requirements, meaning the swap either completes fully or reverts entirely, and execution deadlines capped at five minutes. The agent also operates against a predefined token safelist, so it cannot be coerced into routing through arbitrary or unvetted assets.
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Stablecoins fund the agent’s own operating costs through the x402 payment process, which handles agent self-funding without requiring manual top-ups.
All swap routing runs exclusively through PancakeSwap’s aggregation layer. That is a deliberate architectural choice, not a limitation. It gives the agent a consistent, auditable execution path rather than exposing it to unpredictable third-party routing logic.
BNB Agent Studio: the infrastructure behind the agent BNB Agent Studio is the platform making all of this deployable at speed. Using AWS Bedrock as the underlying compute layer, the studio is designed to get an AI agent from prompt to production in roughly 15 minutes.
On-chain identity management runs through ERC-8004, a separate standard that handles agent identification and credentialing. Combined with ERC-8183 for task execution, the two standards form the backbone of BNB Chain’s emerging agent framework.
The BNBAgent SDK, which supports the entire framework, reached testnet in March 2026 and moved to mainnet by May 2026. The July 1 Agent Studio launch was the public-facing layer built on top of that foundation.
Automated wallet provisioning is built into the studio, so developers do not need to manually configure signing infrastructure before deploying an agent. The interface accepts single-prompt inputs in environments like Cursor or Claude Code, lowering the barrier for developers who are not blockchain specialists.
Why this matters for DeFi traders and investors PancakeSwap’s open-sourced reference implementation gives developers a production-ready template that handles swap intents, manages execution risk, and routes trades through its aggregation layer.
The practical use cases the integration is designed to enable include range rebalancing and yield optimization. An agent that can handle atomic swaps with sub-five-minute deadlines and hardcoded slippage controls is suited for those tasks. For liquidity providers on PancakeSwap’s V3 pools, automated range rebalancing means positions can stay in-range without constant manual intervention.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Concentrated liquidity was supposed to be the fix for capital efficiency on decentralized exchanges. A new study suggests the job is only half done.
New research from onchain analytics platform @Dune, commissioned by 1inch, found that 85% of concentrated liquidity on decentralized exchanges, roughly $1.6 billion out of $1.84 billion tracked, is underutilized at any given time. Of that, about $542 million sits completely idle in an average week, earning nothing and providing no market depth whatsoever.
The Scope of the Problem@Dune tracked four major concentrated-liquidity platforms, @Uniswap v3 and v4, @PancakeSwap v3, and @AerodromeFi Slipstream, across seven blockchains, taking weekly snapshots between January 6 and June 30, 2026. The study covered the top 200 pools by trading volume on each platform, holding that group fixed across all 26 weeks to give a consistent panel averaging $1.84 billion in tracked capital.
Across the 26 weeks tracked, an average of 29.5% of liquidity sat in a fully idle state, spiking to around 41% in early February. In DeFi, liquidity providers deposit funds into a price range where they expect trading to happen, earning fees whenever a trade occurs within that range. When the market price moves outside that range, the deposited funds stop earning anything, simply sitting there until the price moves back or the provider adjusts their position.
The research also found that idle capital is overwhelmingly held by individual wallets rather than automated systems. On @Uniswap v3, individual wallets accounted for 82% to 94% of idle dollars across the chains studied, while capital managed by contract-based systems and active market makers stayed in range far more reliably. That pattern points to a straightforward behavioral problem: retail providers set a range and walk away.
The cost of that inaction is significant. Idle liquidity providers gave up roughly $150 million in annualized fees, according to the original research. That figure sits alongside a broader structural irony: concentrated liquidity was designed to be more efficient than the older v2 model, where 99% of capital went unused. It is, but not by enough to eliminate the problem.
Newer Designs Have Not Solved ItNo single platform design avoided the problem. Comparing the same trading pairs across different venues, idle rates shifted from pair to pair rather than favoring one protocol over another. Even @Uniswap v4, the newest of the platforms studied, showed idle rates around 30%, similar to its predecessor. Even stablecoin pools, where prices are expected to stay stable, saw roughly 30% idle rates, since liquidity providers tend to concentrate their funds into extremely narrow ranges.
1inch is not a neutral observer here. 1inch plans to launch a product called Aqua aimed at helping liquidity providers maximize their capital. Aqua introduces a shared liquidity layer where liquidity providers allocate virtual balances that can be deployed across multiple trading strategies with a single token approval. Rather than committing capital to one static pool, a provider's allocated balance can be matched dynamically to whichever strategy offers the most efficient use at any given moment.
"Due to structural inefficiencies in DeFi, liquidity providers are leaving billions of dollars in underutilized capital and millions of dollars in fees on the table," said Sergej Kunz, Co-Founder of 1inch. "If the industry is serious about bringing TradFi's trillions onchain, solving this needs to be priority number one."
Sources
TheStreet Crypto: New research finds $1.6 billion in DeFi liquidity sitting unused
1inch Aqua White Paper (official)
@PancakeSwap has officially integrated 95 tokenized assets natively issued on the @RobinhoodCrypto Chain, opening up a broad catalog of traditional equities to decentralized traders directly through the PancakeSwap interface. The listed assets span tech giants, semiconductor companies, space exploration firms, quantum computing plays, nuclear energy stocks, and conventional ETFs.
Robinhood Chain: The Infrastructure Behind the Listings The integration builds on Robinhood's broader push into on-chain finance. Robinhood launched the public mainnet of Robinhood Chain on July 1, 2026, an Arbitrum-based Ethereum Layer 2 with 24/7 tokenized stocks that plug into DeFi as collateral. Robinhood Chain is a permissionless, AI-native Layer 2 blockchain built for financial services and real-world assets. Robinhood Chain has adopted Chainlink as its official data and cross-chain oracle infrastructure, with Chainlink's Cross-Chain Interoperability Protocol (CCIP), Data Streams, and Data Feeds live on mainnet from day one, delivering verifiable data for tokenized RWAs and unlocking secure interoperability across the multi-chain ecosystem.
With the new Stock Tokens, eligible individuals can unlock 24/7 trading directly on Robinhood Chain, including deploying tokens into lending pools and utilizing them as trading collateral across the broader DeFi ecosystem. Access runs through Robinhood Wallet in more than 120 countries, though availability varies by jurisdiction.
PancakeSwap's Growing RWA Ambitions The Robinhood Chain integration is consistent with PancakeSwap's broader real-world asset strategy. In April 2026, PancakeSwap added 60-plus new tokenized stocks and ETFs on BNB Chain, bringing the total to over 260 tradeable RWAs. The DEX has been one of the more active venues for tokenized equities in the DeFi space, having crossed $50 million in cumulative tokenized asset trading volume as of May 2026, growth triggered by a partnership with Ondo Finance in late October 2025 that brought tokenized US stocks and ETFs to the $BNB Chain ecosystem.
The broader market backdrop supports the push. The RWA tokenization market grew by 30 to 38 percent in a single quarter, from approximately $21 billion to nearly $29 billion excluding stablecoins during Q1 2026. By connecting on-chain liquidity to sectors that have historically been inaccessible through decentralized venues, the PancakeSwap and Robinhood Chain integration represents another step in the convergence of traditional finance and DeFi. For DeFi participants, the expansion of tokenized assets creates new yield and trading strategies, with liquidity providers now able to earn fees from pools that track real-world equities, blending traditional market exposure with DeFi mechanics.
Sources:
Robinhood: Robinhood Chain Mainnet and Stock Tokens Launch
Forbes: Robinhood Launches Its Own Blockchain
CryptoNews: PancakeSwap Hits $50M in Tokenized Assets Trading
US crypto concept stocks rose in pre-market trading, with Circle surging nearly 8%.
According to market data from BIT (bit.com), U.S. crypto-related concept stocks advanced in pre-market trading. Circle jumped nearly 8% after the firm secured approval from the U.S. Office of the Comptroller of the Currency (OCC) to set up its national digital currency bank. Strategy rose nearly 5%, Coinbase gained over 4%, and Robinhood climbed more than 3%.
9 minutes ago
Ark Invest increased its Circle stock holdings by $13.7 million and trimmed its Robinhood positions.
Cathie Wood’s investment firm Ark Invest added to its holdings in Circle Internet Group on Thursday while offloading part of its Robinhood stake. Latest trading disclosures show Ark purchased a total of 217,896 Circle shares via its three ETFs—ARKK, ARKW, and ARKF—valued at roughly $13.7 million based on Thursday’s closing price of $63.01 per share. Separately, Ark sold 85,319 Robinhood shares worth $9.8 million.
9 minutes ago
Metaplanet is exploring the introduction of Bitcoin-backed digital credit to Japan.
According to CoinDesk, Tokyo-listed firm Metaplanet is forming a joint research team with Japanese yen stablecoin issuer JPYC and regulated security token platform Progmat to explore Bitcoin-backed digital credit products. The initiative will tokenize BTC collateral for use in debt instruments that accrue interest daily and can be traded and settled 24/7. Siiibo Securities, which Metaplanet acquired this year and plans to rebrand as Metaplanet Securities, will also participate in the research, handling product design and sales. Currently, Metaplanet holds around 43,000 BTC, which it intends to use as credit enhancement, a store of value, and compliant collateral assets to address the high financing costs and cumbersome processes faced by medium-sized and growing Japanese enterprises in the traditional bond market.
9 minutes ago
AI writing startup Marker secures $13 million in seed funding.
London-based AI writing startup Marker, co-founded by a former DeepMind creative lead, has exited stealth mode and announced a $13 million seed funding round. The round was led by Index Ventures, with participation from Local Globe. Angel investors include Writely co-founder Steve Newman, Slack co-founder Cal Henderson, and Hugging Face’s Thomas Wolf.
9 minutes ago
Ledger: Tangem Hardware Wallets Have Laser Attack Vulnerability, No Fix Available for Devices Already Sold
Ledger researchers have discovered that a laser attack can reset the passcodes on all Tangem hardware wallet cards. The attack requires physical access to the device, roughly $250,000 worth of laboratory equipment, and existing cards already in circulation cannot be patched.
9 minutes ago
Bitget expands its pledge-to-borrow service to support 26 stock tokens as collateral.
According to an official announcement, Bitget’s staking and borrowing platform has added stock tokens (rTokens) as collateral assets. The first batch includes 26 popular U.S. stocks and ETF tokens, such as rNVDA, rAAPL, rGOOGL, and rQQQ, covering sectors including technology, semiconductors, and index funds. Users holding these stock tokens can now use them as collateral to borrow mainstream assets like USDT and USDC, unlocking capital liquidity without selling their positions. The web-based feature is already live, while the app version will launch next week. For specific collateral parameters and more details, please refer to Bitget’s official platform. It is noted that rTokens, identified by the format of the letter 'r' plus the stock ticker (e.g., rNVDA for Nvidia), are issued by Reality, Bitget’s licensed Real-World Asset (RWA) protocol. Via a partnership with regulated broker Alpaca, they directly connect to global liquidity pools including the Nasdaq and New York Stock Exchange. Their key features include: 1:1 reserve of underlying assets held by licensed custodians, stock dividends distributed on a 1:1 basis in token form, synchronized mapping of corporate actions (such as stock splits and consolidations), and eligibility as combined margin for unified accounts and U.S. dollar-denominated contracts, enabling users to flexibly manage their funds while holding global stock assets.
Five AI-Focused Funds Go Live on BNB ChainReserve Protocol has launched five tokenized AI equity funds on BNB Chain, using Ondo Finance Global Markets tokenized stocks as the underlying assets. The funds cover AI infrastructure, power, photonics, cloud compute, and robotics, targeting some of the most active corners of public equity markets right now.
The products are available for trading on PancakeSwap, giving eligible users onchain access to AI sector exposure without going through a traditional brokerage. Access is open across roughly 145 countries, though U.S. persons are excluded due to regulatory restrictions, consistent with how Ondo Global Markets operates across its entire platform.
Ondo Global Markets: The Infrastructure Behind the LaunchOndo Global Markets, which powers the underlying assets in these funds, became the first tokenized-stock platform to surpass $1 billion in total value locked, exceeding the combined TVL of competing platforms. Ondo Finance holds more than 70% market share among tokenized equity issuers, per RWA.xyz.
Ondo Global Markets gives non-U.S. investors onchain access to publicly traded U.S. stocks and ETFs, with instant settlement, transparent custody, and no intermediaries, traded through PancakeSwap, BNB Chain's leading decentralized exchange. BNB Chain joined Ondo Global Markets in October 2025.
The Reserve Protocol and Ondo Finance collaboration reflects a broader push to package tokenized equities into structured, theme-based products rather than single-asset offerings. By bundling AI-related stocks into discrete funds and routing them through PancakeSwap, the two protocols are making sector-level equity exposure composable within the BNB Chain DeFi ecosystem.
Sources:
The Defiant: Ondo Finance Adds 173 Tokenized Stocks and ETFs
Yahoo Finance: Ondo Global Markets Tops $1B TVL
Ondo Finance: Global Markets Live on BNB Chain
$4 Trillion and Counting@PancakeSwap has crossed $4 trillion in cumulative trading volume on @BNBCHAIN, marking a significant milestone for the protocol and for decentralized finance on BNB Chain more broadly. According to data tracked on Dune Analytics, the leading DEX has reached approximately $4.146 trillion in cumulative volume.
The protocol processed $2.36 trillion in trading volume during 2025 alone, capturing 37.8% of total DEX market share, underscoring the pace at which it has accumulated this latest milestone. PancakeSwap dominates BNB Chain volume and has expanded across multiple other chains.
Beyond Native Crypto: Tokenized Stocks and ETFsThe milestone is notable not just for its scale but for the breadth of assets now flowing through the protocol. @PancakeSwap has moved well beyond simple token swaps, positioning itself as a venue for real-world asset trading. The expansion into tokenized assets traces back to late October 2025, when PancakeSwap integrated Ondo Finance's tokenized US stocks and exchange-traded funds, bringing over 100 new tokenized assets into the BNB ecosystem.
In April 2026, PancakeSwap added 60 or more new tokenized stocks and ETFs on BNB Chain, bringing the total to over 260 tradeable real-world assets. The broader RWA tokenization market grew 30 to 38% in Q1 2026, rising from approximately $21 billion to nearly $29 billion excluding stablecoins, providing a strong structural tailwind for the protocol's expansion into this segment.
On the product side, the headline product as of 2026 is PancakeSwap Infinity CLMM, launched in late 2025, which has pulled significant share from the older V3 deployment. In May 2026, the protocol also launched a new order-book perpetuals platform and an AI-powered help chatbot. Combined, these developments reflect a protocol that has grown from a straightforward AMM into a full-suite DeFi platform, processing high-velocity liquidity across native digital assets, tokenized equities, and ETFs alike.
The long-term target for CAKE is $10, as it continues to hold the lower support of a long-term price structure on higher timeframes.
CAKE, the native token of PancakeSwap, is currently trading near a long-standing support zone that has repeatedly acted as a floor over the past two years. Meanwhile, the 1-week chart shows this is part of a larger compression within a broader symmetrical triangle with bullish implications upon breakout.
CAKE Holds Multi-Year Triangle Support The recent price structure indicates that CAKE may be building a base after an extended decline. On the weekly chart, CAKE trades close to the lower boundary of a symmetrical triangle that has formed since late 2023.
Since the structure started forming in October 2023, the token has recorded a series of lower highs and higher lows. Additionally, the structure has continued to compress slowly, building momentum for a subsequent breakout.
Currently, CAKE trades near the lower support of this symmetrical triangle. The recent downtrend took the coin to a low of $1.12 in early June before rebounding to its current price of $1.37.
CAKE Symmetrical Triangle While the possibility of one final decline toward the psychological $1 level remains, such a move could mark a potential final support sweep. This scenario could most likely happen if the broader cryptocurrency market, especially Bitcoin, drops to lower prices.
Meanwhile, holding this $1.12 support paves the way for a rebound to higher prices. The natural target is the upper resistance trendline, where prices have repeatedly faced rejection, currently near $3.40.
CAKE Breakout Targets $10 In an optimistic scenario where CAKE eventually breaks above the triangle’s descending resistance line, the target is a strong upsurge to multi-year highs.
The first upside target sits between $3.90 and $4.50, a region that aligns with previous resistance while prices trended within the structure. Notably, this 184% to 228% growth from the current market price could serve as the first take-profit area.
Should bullish momentum continue beyond that level, the next major rally target is between $9 and $10, a 557% to 630% pump from here. This would take the CAKE token to price levels last seen in April 2022.
Meanwhile, between these two major targets are micro-resistance regions. Specifically, levels at $5.45 and $8.50 are areas of interest, where CAKE might face mild opposition.
In the meantime, CAKE continues to face declining futures and spot demand despite its 2% in the past 24 hours. During this period, Coinglass futures flows show that traders are closing more derivative contracts than opening, with inflows at $2.48 million and outflows at $2.82 million.
CAKE Futures Flow/Coinglass Spot buyers are also increasingly moving more CAKE to exchanges than they are withdrawing to self-custody wallets. Coinglass’s spot inflows stand at $853,640 and outflows at $701,170, suggesting increased selling pressure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
AI agents can now mint their own crypto tokens. Not the humans behind them, not a dev team pushing buttons. The agents themselves.
Fetch.ai’s new Agent Launch platform, which went live on May 20, allows verified AI agents from the company’s Agentverse marketplace to autonomously create, distribute, and manage their own tokens on BNB Chain. Eight of these so-called Agentic Tokens have already graduated to trading on PancakeSwap V2, marking the first time AI agents have independently bootstrapped their own economic ecosystems in a decentralized exchange environment.
How Agent Launch actually works Verified agents on Agentverse can spin up a token in under two minutes, paying a fee of 120 FET per launch. The token starts accumulating liquidity through a bonding curve mechanism, and once it hits a threshold of 30,000 FET in liquidity, it “graduates” and automatically migrates to PancakeSwap V2 for open trading.
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Fetch.ai hasn’t disclosed the specific identities or use cases of the eight graduated tokens. What we do know is that they originated from the Agentverse ecosystem, which currently hosts over 2.7 million registered agents.
The bigger picture: agents as economic actors Fetch.ai is a founding member of the Artificial Superintelligence (ASI) Alliance, alongside SingularityNET and CUDOS. The FET token itself is the result of earlier alliance token mergers, now serving as the primary medium for transactions and staking across the ecosystem.
The choice to build on BNB Chain is practical. Lower gas fees and faster transaction times make it easier for the high-frequency, low-value transactions that autonomous agents are likely to generate. PancakeSwap, as the dominant DEX on BNB Chain, provides immediate access to deep liquidity pools and a large existing user base.
What this means for investors The 120 FET launch fee and 30,000 FET liquidity threshold create some economic barriers that should prevent pure spam. The 2.7 million registered agents on Agentverse represent a significant pipeline of potential token creators, with eight tokens having already graduated to PancakeSwap.
Traders should watch graduation rates closely. How many tokens attempt to launch versus how many hit the 30,000 FET threshold will reveal whether this is a functioning market or an experiment with a high failure rate.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
You can now trade synthetic exposure to Revolut shares on a decentralized exchange.
PancakeSwap has listed $CREV, a BEP-20 token on BNB Chain that offers tokenized economic exposure to pre-IPO equity in the British fintech giant. The token, issued by Swiss-based Colb Finance, launched on May 28 with a net asset value of $2,139 per token and a total asset value of roughly $88 million across 41,185 tokens in circulation.
What $CREV actually is (and isn’t) $CREV does not give holders direct ownership of Revolut shares. Instead, it’s structured as a Swiss-regulated certificate that provides economic exposure to the underlying equity. You get the price upside (or downside) tied to Revolut’s valuation, but you’re not technically a shareholder with voting rights or a seat at the cap table.
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The minimum subscription is $25,000 in stablecoins, with a 2.5% subscription fee. There are no management or performance fees attached. It’s aimed at professional and qualified investors who want private market exposure without the traditional gatekeeping of venture capital or secondary share platforms.
Each token is backed 1:1 by the economic rights of the equity it represents, according to Colb Finance’s structure.
The bigger picture: private equity goes on-chain $CREV isn’t Colb Finance’s first rodeo on PancakeSwap. The firm previously launched $CSPX, a similar tokenized certificate offering pre-IPO exposure to SpaceX shares.
What this means for investors A $25,000 minimum and a 2.5% entry fee means this is not the kind of token most retail traders will stumble into. The qualified investor requirement adds another filter.
There are real risks to consider. The 1:1 backing claim relies entirely on Colb Finance’s custody and legal structure. If the issuer faces regulatory challenges, or if the underlying equity position is impaired, token holders bear that risk. There’s also the question of what happens to $CREV if Revolut actually does IPO. The conversion mechanism, whether tokens are redeemed for cash at IPO price or continue trading, is a detail that qualified investors should examine closely before committing capital.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Any Strategy You Want, Running While You Sleep | PancakeSwap x BNB Agent Studio
News
Product
Ecosystem
2026-07-01
When you provide liquidity on PancakeSwap, your position only earns fees while the price stays inside the range you set - and prices move overnight. Drift out of range while you're asleep and your position earns nothing until you fix it.
That's why we teamed up with BNB Chain: now you can build an autonomous AI agent that trades on PancakeSwap and runs any strategy you want, even while you sleep.
What we cooked up with BNB Chain BNB Agent Studio is live, and you can now build an AI agent that trades on PancakeSwap from a single prompt. Describe what you want inside Cursor or Claude Code, and Studio scaffolds the code, sets up the wallet, gives the agent an onchain identity, and deploys it to BNB Chain - no stitching together a wallet, identity, payment rail, host, and AI model from five different vendors.
We teamed up with the BNB Chain team so these agents land on PancakeSwap ready to trade. Our V3 pools and farms are permissionless smart contracts, so an agent calls them directly - the same way the app does. Nothing to integrate, no permission to request. If you can describe a strategy, you can ship an agent that runs it for you.
Describe the strategy, and Agent Studio writes the agent.
What your agent can actually do Point an agent at PancakeSwap and it can:
Rebalance liquidity - watch a V3 position and re-center the range as the price moves, so it keeps earning fees instead of drifting idle. Chase the best yield - track CAKE rewards and trading fees across pools and shift liquidity to wherever the total return is highest. Route swaps for best execution - quote across V2 and V3 through the Smart Router and settle at the best available price. Here's what that looks like in practice.
Say you've added CAKE liquidity with a range set around $1.28–$1.36, with CAKE trading at $1.32. Overnight it runs to $1.42 - your position is now out of range and earning zero. A rebalance agent catches it the moment price nears the edge, pulls the liquidity, and re-mints a fresh range centered on the new price. You wake up still earning fees, having touched nothing.
And it funds itself. When its AI credits run low, it tops up its own balance over the x402 protocol, settled in stablecoins on BNB Chain - so an agent you deploy today is still running next week with no intervention from you.
For the builders This is where it gets fun. We've shipped two things to get you from zero to a live agent fast:
Building Trading Agents on PancakeSwap V3 - the full developer guide. Every contract address, the safe order to call them in, the guardrails that keep an unattended wallet out of trouble (slippage, deadlines, scoped approvals, atomic multicalls), and a complete worked example: an automated V3 range rebalancer. Reference Agent — Order/Intents Settlement Agent - an example ERC-8183 agent designed to fulfill swap intents by routing through PancakeSwap aggregation and delivering the token straight to the requester. Scope, allowlist, and guardrails all spelled out. Under the hood, Agent Studio gives every agent an on-chain identity via ERC-8004 and a task interface via ERC-8183, so other agents can discover and call yours. It's all open standards - nothing about your agent is locked to a single vendor.
You stay in control An autonomous agent signs and sends real transactions with no human in the loop — so it's built to be safe by default. Every agent runs with guardrails: slippage limits, short deadlines, approvals scoped to the exact amount, and atomic multi-step actions.
Get started: install the BNB CLI with curl -fsSL studio.bnbchain.org/install | sh, then read the Agent Studio quickstart and our Building Trading Agents on PancakeSwap V3.
Agents that trade, rebalance, and earn on PancakeSwap without constant monitoring are here. Go build one.
Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
How to Move from a Centralized Exchange to PancakeSwap
Ecosystem
Product
2026-06-30
Moving from a centralized exchange (CEX) to a decentralized exchange (DEX) doesn’t need to feel complicated. This guide is the quick version: get a wallet, add funds, connect to PancakeSwap, and make your first onchain swap with ease.
If you already know how to buy, sell, and withdraw on a centralized exchange (CEX), you're closer to using PancakeSwap than you think. The whole move comes down to four steps: get a wallet, send your funds over, connect, and swap. This guide walks through each one, plus what's worth knowing before you start.
Why Bother Moving at All
On a CEX, the exchange holds your crypto for you. That's simple, but it also means you're trusting someone else to hold your funds, follow your withdrawal request, and more.
On PancakeSwap, a DEX, you hold your own funds in your own wallet. You connect your wallet directly and trade, earn, or explore new tokens with nothing in between you and the chain. This is self-custody: you hold the keys, you hold the funds, and you hold the responsibility that comes with that.
Step 1: Set up a self custody wallet
Install a trusted wallet, create or import your wallet, and store your recovery phrase somewhere secure. PancakeSwap currently supports all the industry-leading wallets, includingMetaMask, Trust Wallet, Binance Wallet, Coinbase Wallet, OKX Wallet, and more so you can use what you already have or grab a new one in a couple of taps.
Your wallet is what you’ll use to hold funds and connect to PancakeSwap.
Step 2: Move funds from your CEX
Go to your exchange's Withdraw page, paste your wallet address, and select the matching network (e.g. BNB Smart Chain / BEP-20). Start with a small test transfer if you're new to moving funds onchain. Withdrawals usually land within a few minutes once the network confirms.
Always double check the network and the first few characters of your address before sending. Onchain transfers can't be reversed.
Step 3: Connect to PancakeSwap
Head to PancakeSwap (pancakeswap.finance), connect your wallet, and choose the network where your funds arrived. Once connected, you can swap tokens directly from your wallet - no account, no sign-up, no waiting
Step 4: Explore DeFi at your own pace
Once you're set up, there's a lot more than swapping on offer at PancakeSwap
Swap thousands of tokens directly onchain, with MEV protection available to guard your trades Earn by staking CAKE or providing liquidity to earn a share of trading fees and extra incentives Explore the wider menu - perpetuals, tokenized equities and new launches on CAKE.PAD A few habits worth keeping Self-custody puts you in control, and it's worth protecting that control with a few simple habits: never share your recovery phrase with anyone, reach PancakeSwap through the official address, or a saved a bookmark, or by typing the URL yourself rather than clicking links from DMs or ads, and test new addresses or apps with a small amount before committing more.
*A note for EU users: Under the EU’s MiCA framework, some centralized platforms are adjusting or pausing certain services for users in the region. As a non-custodial DEX, PancakeSwap lets you keep trading onchain from your own wallet — no regional account needed. The steps below work the same wherever you are.
Note: This guide is for educational purposes only and is not financial advice. Onchain activity carries risk, always do your own research. You are responsible for verifying every link, address, and contract you interact with.*
Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.
CoinGecko, one of the world’s largest cryptocurrency data aggregators, has excitedly displayed the list of top decentralized exchanges by holding volume over the last 24 hours. These cryptocurrency exchanges collectively hold trading volume of $3.18 Billion, having 32.28% changes over the previous day, and also have Decentralized Finance (DeFi) dominance of 6.5%.
Here is the list of top decentralized exchanges (DEXs) in terms of holding trading volume, % market Share by Volume, and coins and pairs. These cryptocurrency exchanges are Uniswap V4 (BSC), PancakeSwap V3 (BSC), PancakeSwap Infinity CLMM (BSC), Uniswap V4 (Ethereum), Aerodrome SlipStream, Uniswap V3 (Ethereum), Aerodrome Slipstream 3, Manifest, Orca, and AlphaX.
Uniswap V4 (BSC) Tops DEX Rankings as PancakeSwap V3 Claims Second Spot Uniswap V4 (BSC) is leading the entire list of top 10 decentralized exchanges by trading volume over the last 24 hours. Uniswap V4 (BSC) holds trading volume of $483974396 by the last 24H with a shares of15.2% in the market by volume. PancakeSwap V3 (BSC) secures 2nd position in this list with a trading volume of $227233459 and having 7.1% shares with market by volume.
Pancakeswap Infinity CLMM (BSC) and Uniswap V4 (Ethereum) hold 3rd and 4th positions with trading volumes of $175359959 and $168856929, respectively. Pancakeswap Infinity CLMM (BSC) and Uniswap V4 (Ethereum) have a negligible difference of 0.2% in shares with the market. Pancakeswap Infinity CLMM (BSC) and Uniswap V4 (Ethereum) have 5.5% and 5.3% shares in the market by trading volume.
Aerodrome SlipStream Secures Fifth Spot in Top DEX Trading Volume Rankings As per CoinGecko data, Aerodrome SlipStream comes at the 5th position in the list of top decentralized exchanges by trading volume and holds trading volume of $159337256 over the last 24H, with shares of only 5% with market. Uniswap V3 (Ethereum) and Aerodrome Slipstream 3 positioned themselves at 6th and 7th positions, respectively.
Uniswap V3 (Ethereum) and Aerodrome Slipstream 3 have trading volumes of $144748342 and $129557699 with4.5% and 4.1% shares of the market, respectively. Manifest is also among the top decentralized cryptocurrency exchanges, which holds trading volume of $116423692 along with 3.7% shares in the market by volume.
Orca and AlphaX have the 2nd last and last position in the given list of top decentralized exchanges by trading volume. Orca has a trading volume of $115923636 with 3.6% market share by volume. Last but not least, AlphaX decentralized cryptocurrency exchange has a trading volume of $97558515 along with a 3.1% market share by trading volume.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
The crypto market is flooded with GameFi projects that promise the next Fortnite and deliver nothing more than overpriced NFTs.
So it’s no wonder that investors ghosted tokens like SAND (The Sandbox) and MANA (Decentraland) after the metaverse mania cooled off. Once it occurred to them that virtual plots in pixelated universes aren’t exactly generational wealth, these cryptos plunged more than 95% to a point of no return.
The GameFi movement has been mostly lukewarm ever since.
But things are changing, and the coming crypto bull cycle could see another GameFi token race for the top charts. Let’s take a closer look at Tapzi ($TAPZI) – an underrated crypto gem trending among early backers now.
How Tapzi Redefines Gamefi Your success largely hinges on luck more than gameplay in GameFi, whether it’s the rewards you earn or the value appreciation of the token.
But if we take the long-term picture, it’s game mechanics that retain users, and gamers who drive the token price. Any project that compromises the interests of the gamer for the gamblers’ is likely to fail.
And the painful dissipation of the metaverse mania made it clear that hype is far from enough to build a serious gaming community.
Tapzi is a decentralized skill-based gaming platform that challenges the GameFi status quo.
Here, players can stake tokens to compete in real games – like Chess, Checkers, Rock-Paper-Scissors, or Tic Tac Toe – and unlock rewards as they hone their skills.
Crypto incentivization is integral to Tapzi’s gaming economy, but it doesn’t come at the cost of real engagement. Built on the BNB Chain, the project shows that the crypto gaming sector has more to offer than tokenomics and chance mechanics.
Tapzi’s Skill-Based Gaming Model: Explained Tapzi has a mobile-first design where you can play on the go.
On a commute or stuck in a boring meeting, you no longer have to mindlessly scroll through Instagram anymore.
Tapzi gives your mind a much-needed refresh with its skill-based games. And if you’re good enough, you can claim prize pools directly from opponent stakes. Being entirely funded by players, the prize pools don’t rely on a central treasury.
The entry barrier is set low, financially and technically.
Anybody can join the gasless gameplay, and there is even a free mode where you can get plenty of practice before shifting to the paid version.
Tapzi’s developer ecosystem is not limited to a single project. It provides SDKs and exposure to promising projects, aligned with its goal to build a hub for skill-based Web3 games.
All gaming rewards and payments are paid in $TAPZI tokens. The native crypto has a fixed supply of 5B, out of which 20% is made available for early backers at low prices in the ongoing presale.
25% of the presale tokens unlock at the TGE, and the remaining 75% follows a 3-month vesting schedule to prevent supply shocks. Team tokens, on the other hand, are locked for six months, and vested over 18 months.
Together, these strategies encourage long-term adoption of the game and nurture a sustainable gaming economy.
Entertainment doesn’t always have to be brain-rot. It can sometimes sharpen your mind and earn money, too.
Visit the Tapzi website for more details about the gaming hub and how it works.
More in Store Tapzi’s roadmap focuses on phased infrastructure development over feature overload, instilling confidence in its journey ahead.
For example, the demo game launch (Web Beta) is scheduled for this quarter, followed by the public release of Tapzi’s web-based multiplayer engine with sample games (Chess, Checkers, RPS, Tic Tac Toe), staking preview, and matchmaking.
Tapzi offers multi-layered rewards Alongside, the team will run user acquisition campaigns through gaming guilds, influencer partnerships, and paid traffic from high-conversion Web3 channels.
Once the presale is sold out, the token will make its exchange debut on PancakeSwap, with the launch of the $TAPZI/BNB pair.
In addition to these, the launch of the Tapzi Platform Beta (mainnet), the first global tournament with a live leaderboard and sponsored rewards, and the mobile gaming app debut are also slated for this quarter.
The next phases will focus on expansion and scaling. Some of the most awaited features are NFT avatars, cosmetic stores, cosmetic rarity system, analytic dashboard, and multilingual support.
Presale Hits 41% – The Next Crypto to Explode? The $TAPZI presale has already completed 41.6% of its goal, leaving investors with a small window to grab the token before it hits exchanges.
The token is currently priced at $0.0035, while the planned launch price is $0.01. So early presale investors are sitting on 186% profit even before the price action begins.
But what about early-stage dumping?
Tapzi has taken care of that, too. The vesting schedule prevents sell-offs and supports the token’s sustainable value appreciation.
And the smart contract has undergone extensive audits by Solidproof and Coinsult, clearing any concerns early-stage investors may have around code vulnerabilities and fraud.
Why join the $TAPZI presale But the project’s long-term growth is rooted in its gameplay, boldly shifting the focus from chance to skills.
The global gaming industry is predicted to cross $400B by 2028, with mobile gaming at its core, and Web3 gaming is expected to grow from $25B in 2024 to nearly $125B by 2032.
These numbers highlight what early positioning in a promising GameFi project like Tapzi could capture in a few years.
The $TAPZI presale supports purchases using both cryptocurrencies and fiat cards.
But as always, do your own research before investing in crypto. This is not financial advice.
Authored by Aaron Walker – https://www.newsbtc.com/news/tapzi-redefines-gamifi-next-altcoin-to-explode
PANews reported on June 8th that decentralized exchange aggregator 1inch has released its first oral history of decentralized finance, "reDeFine Money," featuring 25 DeFi founders recounting the industry's development, covering projects such as Aave, Curve, SushiSwap, PancakeSwap, Synthetix, and DAOmaker. The book is available in limited print and will be distributed at 1inch events and conferences, including ETHConf. 1inch is also opening registration for a digital copy.
DeFi tokens have not witnessed any massive price change over the past few week. For instance, the likes of Uniswap, Marker and PancakeSwap rallied by only 10%, 8% and 2.3% respectively, in the aforementioned time window. However, tokens such AAVE and YFI, managed to appreciate slightly higher [17% each], successfully demonstrating their strength.
However, the question remains, as to whether or not these two tokens would be able to carry on their respective rallies.
Market Sentiment The market has been quite favorable to traders advocating the price-drop narrative and the long-short liquidation data supported the aforementioned claim. Over the past 12 hours, $270k worth of YFI long contracts were liquidated when compared to the mere $56k worth of short contracts.
Source: ByBt With AAVE too, $851k worth of long contracts were forcefully closed, when compared to the mere $129k worth of short contracts. The funding rate on all major exchanges, for both the tokens, was negative at the time of writing, thus intensifying the bearish sentiment.
Additionally, the OI data revealed another not-so-healthy trend. Even though the number of outstanding derivative contracts witnessed a slight spike of late, they were nowhere near their pre-set benchmarks. As seen from the chart attached, YFI’s OI peaked at $137.2 million during May this year, while its current value [$54.08 million] is not even half of the same. AAVE’s OI too, for that matter, has to bridge a gap of close to $90 million to reach its previous peak.
Source: ByBt On-chain setbacks The state of on-chain metrics for both these tokens also remained unsatisfactory. For starters, less than one-fourth of the addresses that were active during the initial few months of the year, for both YFI and AAVE, were active at press time. The decreased participation, by and large, points out the fragile state of their respective blockchain’s activity.
Further, the balance on exchanges have been gradually increasing. In fact, they’ve been depicting contrasting trends when compared to their previous rallies. A day back, for instance, more than 16.4k AAVE tokens were sent to exchanges, outlining the fact that participants were gradually cashing out.
Source: Glassnode Well, it is quite obvious that the rallies of both these DeFi tokens lack momentum. Ergo, without the same re-entering their respective markets, traders shouldn’t expect any unreasonable pump. The next few days would indeed, test the resilience of these two tokens.
Curve Finance accuses PancakeSwap of having reused a sensitive part of its architecture without respecting the required license. Behind this accusation, it is not just a conflict of egos between two big names in DeFi. The issue touches on code ownership, user security, and how crypto protocols reuse technical building blocks that have become quasi-standards.
In brief Curve Finance accuses PancakeSwap of having used its StableSwap code without an appropriate license. The dispute concerns both security and usage rights in DeFi. A discussion between the two teams remains possible, but the case marks a turning point for crypto. A crypto conflict that goes beyond a simple technical quarrel Curve Finance accuses PancakeSwap of using its StableSwap code without proper authorization. Curve considers this reuse as a violation of its license and has publicly invited PancakeSwap to regularize the situation through official collaboration.
The core of the dispute concerns StableSwap, a mechanism designed to facilitate exchanges between stablecoins or assets very close in value. This type of technology seems discreet from the outside. Yet, it plays a crucial role in execution quality, price slippage, and liquidity pool stability on the DEX.
In the wake of this, PancakeSwap adopted a tone more conciliatory than aggressive. Its team indicated a desire to discuss with Curve. Curve’s response left the door open to an agreement. This is an important point. In crypto, some disputes end up in court. Here, the case can still shift towards a more pragmatic agreement.
Why StableSwap code has become so strategic in crypto StableSwap is not just a simple piece of interchangeable code. It is a formula that optimizes exchanges between assets meant to remain close, such as stablecoins. When it works well, the user experience is smooth. When poorly integrated, the damage can be swift.
Curve stresses exactly this point. The protocol reminds that deep expertise is necessary to integrate this kind of function without creating vulnerabilities. The message is also political. Curve does not just say “you copied”. It mainly says: “you are playing with a delicate mechanism that can expose user funds if implemented poorly.”
This argument is not theoretical. Reminders of past incidents in DeFi serve to show that copy-pasting is never neutral. In this environment, reusing a swap logic without mastering its parameters can turn a profitable innovation into an entry point for an attack. This is where the crypto debate becomes concrete: it concerns both security and usage rights.
PancakeSwap Infinity also shows how far the crypto innovation race goes The timing of the conflict is no coincidence. PancakeSwap Infinity, the latest version of the DEX, was launched in April 2025 on Arbitrum and the BNB Chain. The platform added hooks, pool customization tools, and a significant fee reduction for creation. In short, PancakeSwap wants to appear as a more flexible, modular, and ambitious infrastructure.
In this context, integrating a StableSwap-type function makes sense. Users want efficient exchanges on stable assets. Protocols want to capture this traffic. And DEXs know the battle is no longer only about volumes but also about the quality of architecture. This conflict thus arises at a time when every technical detail can become a competitive advantage.
What emerges, fundamentally, is the growing maturity of the crypto sector. A few years ago, many projects copied, forked (fork) and launched quickly. Today, the stakes are higher. Code reused without a clear framework can open a legal front, weaken a protocol’s reputation, and worry a community already very sensitive to security issues.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
PancakeSwap’s core development team, known as The Kitchen, has put forward a governance proposal to stop converting stablecoin pool fees into CAKE and instead retain them in their native stablecoin form for the protocol’s treasury. The change would apply across PancakeSwap’s entire product suite, including v2, v3, StableSwap, and Infinity.
Here’s the thing: stablecoin fees have historically accounted for roughly 29% of the treasury’s total annual revenue. That’s a meaningful chunk of income that was previously being routed through an unnecessary conversion step, swapped from stablecoins into CAKE, before landing in the treasury. The Kitchen’s argument is simple. Why add friction and conversion costs when you can just keep the stablecoins as stablecoins?
What the proposal actually changes The mechanics here are straightforward. Fees generated from stablecoin trading pairs across all of PancakeSwap’s pool types would stay denominated in their original stablecoin form. Non-stablecoin fees would continue following the existing path, getting converted into CAKE as they always have.
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The proposal explicitly preserves PancakeSwap’s existing buyback-and-burn mechanism for CAKE. Revenue from non-stablecoin products would still flow through the same conversion pipeline, maintaining the deflationary pressure that CAKE holders have come to rely on. Long-term tokenomics remain untouched.
Why treasury composition matters for a DEX Holding stablecoins directly gives PancakeSwap immediate purchasing power without market impact. When a treasury holds volatile governance tokens, deploying those funds means selling into the market, which can create downward price pressure on the very token the protocol is trying to support.
By keeping ~29% of its revenue in stablecoins, PancakeSwap positions itself to fund operations, partnerships, or emergency responses without touching CAKE’s market supply.
The broader trend in DeFi treasury management PancakeSwap remains one of the largest decentralized exchanges by trading volume, operating primarily on BNB Chain with expansions to multiple other networks. The Kitchen serves as the protocol’s primary maintainer and has historically driven major governance proposals through the community voting process.
The proposal was posted on February 19, 2026, and following a community vote, was implemented on March 2, 2026.
What this means for investors The preservation of the burn mechanism for non-stablecoin fees is the detail worth watching. As long as that pipeline remains intact, CAKE’s deflationary mechanics continue operating as designed.
The risk to monitor is scope creep. This proposal specifically targets stablecoin fees, but if future governance proposals extend the same logic to other fee categories, the calculus changes significantly. Investors should track whether subsequent proposals attempt to redirect additional revenue streams away from CAKE conversion, as that would represent a genuine shift in tokenomics rather than a treasury optimization.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
You can now trade synthetic SpaceX exposure on a decentralized exchange.
PancakeSwap has listed $CSPX, a tokenized certificate that gives holders proportional economic exposure to pre-IPO SpaceX equity. The token, created by Colb Finance, joins a growing roster of real-world asset (RWA) products finding their way onto decentralized trading venues. PancakeSwap has signaled that additional trading pairs are coming.
What $CSPX actually is (and isn’t) $CSPX does not give you ownership of SpaceX shares. SpaceX is still a private company. Instead, $CSPX uses a Swiss-structured tokenized certificate to provide onchain economic exposure to SpaceX shares. There’s an underlying equity-holding structure, likely a Special Purpose Vehicle (SPV), that actually holds SpaceX shares. The token represents a proportional claim on the economic value of those shares, not legal ownership of them.
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Colb Finance launched $CSPX on December 3, 2025, within the Plume Network ecosystem. The token targets qualified investors, which typically means accredited, meaning there are income or net worth thresholds involved.
The tokenized equities boom The total market cap for tokenized equities recently reached an estimated $5.5 billion, and SpaceX-related tokens have been a meaningful driver of that growth.
Multiple SpaceX-linked products have emerged across BNB Chain and other blockchain platforms. Paimon’s $SPCX, for instance, has already seen liquidity on PancakeSwap.
What investors should actually consider The most obvious concern is counterparty risk. When you buy $CSPX, you’re trusting that Colb Finance’s underlying structure actually holds the SpaceX shares it claims to hold, that the Swiss legal framework protecting the certificate is robust, and that the token’s value will track the underlying equity accurately.
Liquidity is another consideration. DEX liquidity for tokenized equities tends to be thin compared to major crypto pairs, meaning wider spreads, more slippage on larger orders, and the potential for significant price disconnects between the token and the underlying equity’s fair value.
The regulatory dimension adds another layer of complexity. Tokenized securities sit in a gray zone in most jurisdictions. The Swiss structuring of $CSPX is likely a deliberate choice to leverage Switzerland’s relatively progressive stance on digital assets, but that doesn’t necessarily shield holders in other countries from their own regulators’ scrutiny.
SpaceX itself has no involvement in any of these tokenized products. The company hasn’t endorsed, approved, or acknowledged them. Investors are essentially accessing the economic upside and downside of SpaceX shares through a third-party intermediary structure built on blockchain rails.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PANews reported on June 14 that Humanity released an independent investigation report by Quantstamp, which revealed that in the H token security incident, attackers used tools and methods characteristic of North Korean hackers. They communicated via phishing emails posing as the Bithumb exchange, tricking project directors into clicking malicious attachments, thereby deploying remote control Trojans on their devices and ultimately gaining complete desktop control and wallet private keys. Subsequently, they launched on-chain attacks on Ethereum and BNB Chain: on the Ethereum side, they upgraded the contract by stealing keys and transferred approximately 141.18 million H tokens; on the BSC side, they took over the ProxyAdmin contract and minted new tokens. The stolen assets were then continuously dumped on Uniswap and PancakeSwap for about 8 hours, causing a significant impact on liquidity and market prices.
Currently, the H token contract on the Ethereum side has been frozen. The mainnet bridge is unaffected, but the BSC deployment has been taken over by the attackers and they still have minting privileges. The team is working with exchanges and security parties to advance subsequent handling and recovery plans. At the same time, users are reminded to be wary of fake "compensation/claim" links, and the team stated that it will release further updates through official channels.
Previously, it was reported that Humanity Protocol was attacked, and the private key of a Humanity Foundation member was leaked, resulting in the theft of more than $31 million.
June 14 — The Humanity Project team issued a statement in the early hours of yesterday regarding a cross-chain attack targeting its H token that took place on June 8. The attacker used a phishing email to gain access to a board member’s device, stealing their private key to execute on-chain transactions. The report noted the attack displayed technical tactics and tooling similar to those linked to a North Korean hacker group. The breach occurred across both Ethereum and BNB Chain. Using the stolen key, the attacker upgraded the Ethereum contract and transferred roughly 141.18 million H tokens. Simultaneously, they seized control of the BSC-side ProxyAdmin contract and minted additional tokens. Over an approximately 8-hour window, the attacker gradually sold these assets on Uniswap and PancakeSwap, disrupting liquidity and harming token holders. The project team confirmed the attack vector was a targeted social engineering phishing email disguised as an update notification from crypto trading platform Bithumb. The victim was tricked into opening a malicious attachment, which installed a remote access trojan that granted full device control, enabling theft of wallet data and private keys. As of the latest update, the Ethereum-side H contract has been frozen via an unaffected multi-signature (multi-sig) mechanism. However, the BSC-side deployment remains under the attacker’s control, leaving open the potential for additional minting. The team is collaborating with exchanges and stakeholders to develop fixes and remedies, and advised users to stay on alert for phishing links and scam messages.
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PancakeSwap is deepening its footprint on Monad with the addition of a new MUSD-USDC stablecoin pool, bringing the total number of incentivized liquidity pools on the chain to 17. The move pairs MetaMask’s wallet-native stablecoin with USDC, offering liquidity providers boosted annual percentage rates distributed through the Merkl incentive platform.
What’s in the pool MUSD, or mUSD, is MetaMask’s stablecoin that launched in September 2025. It’s backed 1:1 by short-term US Treasury bills, which makes it structurally similar to competitors in the treasury-backed stablecoin space.
The boosted APRs for this pool and the other 16 incentivized pools on Monad are facilitated through Merkl, a platform that handles reward distribution for DeFi protocols. Rather than PancakeSwap manually distributing incentives, Merkl automates the process, letting liquidity providers claim rewards based on their contribution to the pool.
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PancakeSwap supports both its v2 and v3 concentrated liquidity models on Monad. The v3 model lets users specify price ranges for their liquidity, which can dramatically improve capital efficiency on stable pairs where the price barely moves.
Monad’s growing DeFi stack PancakeSwap’s initial liquidity incentives on Monad kicked off around November 2025, and the protocol has been steadily adding pools since then. Previous boosted pairs included MON-USDC, AUSD-USDC, and wrapped synthetic MON variants, covering both volatile and stable trading pairs.
The addition of MUSD-USDC on June 15, 2026 brings the total to 17 incentivized pools. MetaMask’s involvement adds another layer: by pushing mUSD into PancakeSwap’s incentivized pools, the wallet provider is creating familiar on-ramps for its user base.
What this means for liquidity providers and investors The specific APR figures were not disclosed with this announcement, which means investors will need to check the Merkl platform directly for current rates. APRs on incentivized pools tend to be highest in the early days when liquidity is still building, then compress as more capital flows in.
One risk worth flagging: incentivized APRs are temporary by nature. When the rewards dry up, liquidity tends to migrate to wherever the next boost appears. The real test is whether the pool generates enough organic trading volume to sustain competitive returns after incentives taper off.
The treasury-bill backing of mUSD provides a degree of structural safety that purely algorithmic stablecoins can’t match. But investors should still evaluate smart contract risk on both PancakeSwap’s Monad deployment and the Merkl distribution layer, as multi-protocol interactions create additional attack surface.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
SpaceX, one of the most coveted private companies on the planet, has been notoriously difficult for retail investors to access. That just changed, at least in tokenized form.
PancakeSwap has listed $SPCXB, a tokenized representation of SpaceX equity, on BNB Chain through Binance’s bStocks infrastructure. The token is live and trading now, giving onchain users economic exposure to SpaceX shares 24 hours a day, seven days a week, no venture capital fund allocation required.
What exactly is $SPCXB and how does it work The token is backed by underlying equity held at regulated broker-dealers through Binance’s bStocks platform. It doesn’t give you a seat at Elon Musk’s launch table, but it does provide synthetic economic exposure to SpaceX’s valuation.
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The tokens come with conversion rights, meaning holders can theoretically redeem them for the underlying asset, subject to applicable financial regulations.
A companion token, $SPXCB, also went live on PancakeSwap simultaneously, further expanding the exchange’s menu of equity-linked offerings on BNB Chain.
Each $SPCXB token trades at roughly $200 or above, with a circulating supply in the low hundreds of thousands. That limited float, combined with the sheer brand magnetism of SpaceX, has produced significant volatility. Price swings of 10-20% within a single 24-hour window have been reported.
PancakeSwap’s real-world asset push Just days before $SPCXB went live, PancakeSwap listed $CSPX, another token offering SpaceX exposure. That one is structured through Swiss-based certificates from Colb/xStocks, representing a different pathway to the same underlying asset.
PancakeSwap has launched over 50 tokenized equities and ETFs through its platform. Binance’s bStocks platform handles custody, regulatory compliance, and the actual equity backing, while PancakeSwap provides the trading venue.
What this means for investors These tokens are synthetic instruments, not direct equity. Their price is influenced by SpaceX’s underlying valuation, but also by onchain liquidity, market maker behavior, and the general appetite for tokenized assets on a given day.
PancakeSwap now offers two distinct SpaceX exposure tokens: $SPCXB through bStocks and $CSPX through Colb/xStocks, each with different structures. Different backing mechanisms mean different risk profiles, and sophisticated traders will arbitrage the spread between them.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PancakeSwap is rolling out USDC incentives for bridged SOL and jitoSOL tokens on its Base deployment, a move designed to pull Solana-native liquidity into the broader cross-chain DeFi ecosystem. The targeted liquidity pairs include SOL-jitoSOL and SOL-USDC, with tokens bridged via the Coinbase bridge.
The initiative is a team effort. Base, Jito, Merkl, and Gauntlet are all involved in structuring and distributing the incentives to liquidity providers. BeefyFinance is running a parallel campaign it’s calling “summer incentives,” offering auto-compounding vaults for SOL-cbBTC, SOL-USDC, and jitoSOL-SOL pairs on Base.
What’s actually on the table Earlier promotional rounds for SOL-jitoSOL pools on PancakeSwap featured APRs exceeding 100%. The new USDC incentive structure targets the same general liquidity territory. By denominating rewards in USDC rather than a governance token or volatile asset, PancakeSwap is offering something more predictable. Stablecoin incentives reduce the risk that your farming rewards evaporate the moment you try to harvest them.
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For the uninitiated, jitoSOL is Jito’s liquid staking token on Solana. You stake your SOL through Jito’s protocol, and in return you get jitoSOL, a token that accrues staking rewards plus MEV tips over time.
The Coinbase bridge serves as the pipeline. Users bridge their SOL or jitoSOL from Solana to Base (chain ID 8453), then deposit into PancakeSwap’s liquidity pools or BeefyFinance’s vaults. The vault option on BeefyFinance auto-compounds returns, meaning you don’t have to manually claim and re-deposit rewards.
Why Base, and why now PancakeSwap’s collaboration with Gauntlet, a risk management and optimization firm, suggests the incentive distribution isn’t purely spray-and-pray. Gauntlet typically models optimal incentive allocation to maximize liquidity depth relative to spend. Merkl handles the actual distribution mechanics for reward campaigns across DeFi protocols.
The BeefyFinance integration adds another layer. Beefy is a yield optimizer that sits on top of DEXs like PancakeSwap, automatically harvesting and reinvesting farming rewards. The SOL-cbBTC vault pairs bridged Solana with cbBTC, Coinbase’s wrapped Bitcoin product, on Base, auto-compounded by BeefyFinance.
What this means for investors For liquidity providers weighing whether to participate, the risk calculus involves several layers. There’s bridge risk (moving assets between chains always introduces smart contract exposure), impermanent loss (especially in volatile pairs like SOL-USDC), and the opportunity cost of parking capital in these pools versus alternatives on native Solana DeFi.
The USDC denomination of rewards does mitigate one common concern. When farming rewards are paid in a protocol’s native governance token, you’re essentially betting that token holds value. USDC rewards are worth a dollar.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aerodrome Dominates Base DEX Activity@AerodromeFi has quietly cemented a position that few single-chain protocols can claim: category leader in decentralized exchange volume, ahead of multi-chain heavyweights. According to DefiLlama data, Aerodrome recorded over $17 billion in DEX volume on @Base in the past 30 days, surpassing both @Uniswap and @PancakeSwap on the network. That performance has earned it the informal title of the "Uniswap of Base," reflecting its role as the primary trading and liquidity venue on the @Coinbase-incubated Layer 2.
What makes the figure notable is context. Aerodrome has cemented itself as the leading DEX on one of the fastest-growing Layer 2 networks, capturing close to 50% of total DEX volume on Base, with all-time trading volume approaching $250 billion. Despite being deployed exclusively on Base, the protocol punches well above its weight on a cross-chain basis. Aerodrome emerged as the third-largest DEX globally, with a 7.4% market share and $22.9 billion in trading volume as of August 2025.
A Single-Chain Protocol With Cross-Chain CloutAerodrome holds over $1.3 billion in total value locked as of January 2026, representing approximately 70% of all DEX liquidity on the Base network. That concentration of liquidity underpins its volume lead. Aerodrome uses a ve(3,3) model where $AERO holders vote on where liquidity incentives go, with 50 to 63% of every trade on Base flowing through the protocol.
Dromos Labs, the core developer behind Aerodrome on Base and Velodrome on Optimism, has announced a major overhaul of its DEX infrastructure with the launch of Aero, a unified trading system that will replace and merge its existing platforms across both networks and expand to other Ethereum chains. The merger aims to consolidate liquidity across Base, Optimism, Ethereum mainnet, and Circle's Arc chain, ending competition between the two DEXs. For now, though, Aerodrome's numbers on Base alone make the "Uniswap of Base" label hard to argue with.
Sources:
DWF Labs: Has Aerodrome Finance Become the Leading DeFi Protocol on Base?
CoinDesk: Leading Base DEX Aerodrome Merges Into Aero in Major Overhaul
DefiLlama: DEX Volume Rankings
PANews, June 20 – In response to rumors regarding an attack on the BNB Chain OLPC/LABUBU liquidity pool, PancakeSwap has issued an official statement clarifying that the platform is aware of the reports related to this security incident. After an initial review, PancakeSwap confirmed that its own smart contracts do not contain any security vulnerabilities. The project team is continuing to investigate the full cause of the incident and will promptly share the latest investigation progress with the public as more clues are uncovered.
The official statement also reminded users to refer only to information released through PancakeSwap’s official channels for all updates related to this incident.
PANews, June 20 – SlowMist Security founder Yu Xian published a post-mortem on the BNB Chain PancakeSwap OLPC/LABUBU liquidity pool theft, pointing out multiple suspicious manual operations in this attack.
The root cause of the pool being drained lies in an exploitable logic vulnerability in the OLPC token contract: the contract’s _update function, when specific conditions are met, can destroy an amount of OLPC tokens equal to value * decimalsValue. Under normal circumstances, the decimalsValue defaults to 1, but approximately 46 days before the attack, the token owner maliciously modified this parameter to an extremely large value of 7326680472586200649. Several days after the modification, the project party directly discarded the contract owner admin privileges, resetting the authority to the zero address.
After the parameter was tampered with, the fund ratio in the OLPC and LABUBU trading pair became severely imbalanced. The attacker exploited the distorted decimalsValue to trigger the pool reserve destruction logic, exchanging a large amount of LABUBU from the pool with only a small input of OLPC, and ultimately cashed out, transferring out a total of 1.115 million USDT.
The OLPC/LABUBU liquidity pool on PancakeSwap V2, located on the BNB Chain, was disrupted by an attack today.
As a result of the incident, approximately $1.11 million worth of USDT was stolen, while the attacker’s net profit was reported to be around $960,000.
Initial on-chain investigations have not yet definitively determined the root cause of the attack. However, fund flows indicate that an unusual mechanism was triggered in the OLPC/LABUBU trading pair, with a transfer of approximately 10 OLPC tokens routed through the attacker’s contract. As a result of this transaction, approximately 51.9 million OLPC and 124,000 LABUBU tokens were burned from the OLPC/LABUBU pool address 0xedb7…f365 to the address 0x…dead.
According to experts, the attack pattern may be related to deflationary tokens or tokens that burn during transfers creating reserve mismatches in fixed-multiplier liquidity pools. While the pool’s true balance of pairs dropped significantly, the lack of synchronization of cached reserves provided an opportunity for the attacker. Following this, the attacker emptied the LABUBU portion of the pool, converting the assets through LABUBU/WBNB and WBNB/USDT pools, and obtaining a total of 1,115,903 USDT.
The attacker reportedly later bridged the stolen funds to the Ethereum network, depositing 633.4 ETH into Tornado Cash. It was also reported that the attacker sent 0.0221 BNB and 0.0411 ETH to a designated burning address.
*This is not investment advice.
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PancakeSwap has crossed $50 million in cumulative trading volume for tokenized assets, positioning the BNB Chain’s dominant DEX as a meaningful venue for real-world asset (RWA) trading.
How PancakeSwap got here The roots of this $50M moment trace back to late October 2025, when PancakeSwap integrated Ondo Finance’s tokenized US stocks and exchange-traded funds. That single partnership brought over 100 new tokenized assets into the BNB ecosystem.
As of May 2026, the platform featured more than 60 tokenized RWA assets and perpetual contracts available for trading. Among the more popular instruments is NVDAx, a tokenized representation of NVIDIA stock, which recorded roughly $6.9 million in 24-hour trading volume in at least one instance.
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The broader numbers from Ondo Finance’s side add context. By late 2025, Ondo’s tokenized securities platform had accumulated over $350 million in Total Value Locked and more than $669 million in cumulative onchain trading volume. PancakeSwap’s $50 million slice of that pie shows the BNB Chain is capturing a real share of tokenized asset demand.
The RWA market backdrop The RWA tokenization sector grew from approximately $21 billion to an estimated $27.5 billion to $29 billion during Q1 2026 alone, excluding stablecoins — roughly a 30-38% jump in a single quarter.
What this means for investors For DeFi participants, the expansion of tokenized assets creates new yield and trading strategies. Liquidity providers can now earn fees from pools that track real-world equities, blending traditional market exposure with DeFi mechanics.
There’s also the question of how accurately tokenized assets track their underlying instruments. Price discrepancies, liquidity gaps, and oracle failures remain real risks that traders need to account for, especially during periods of high volatility in traditional markets.
The growth from zero to $50 million in roughly eight months, combined with the broader RWA market expanding by billions per quarter, reflects significant momentum in tokenized asset trading on decentralized venues.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
PancakeSwap x Arcium Trading Competition | 263,158 ARX in Rewards
Campaigns
News
Ecosystem
2026-06-23
Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service. You should seek advice from appropriate professional advisors.
We're excited to launch a 263,158 ARX trading competition in collaboration with ARX (Arcium). Trade ARX to compete for prizes while trading on the PancakeSwap Swap Page, on both mobile and web interfaces.
What is Arcium? Arcium is a fast, flexible, and low-cost infrastructure for accessing confidential computing via the blockchain. As the Confidential Supercomputer, Arcium enables confidential computing at scale for developers, applications, and entire industries — a trustless, verifiable, and efficient framework to compute over fully confidential data. Powered by secure Multi-Party Computation (MPC), Arcium delivers scalable, secure confidentiality solutions for Web2 or Web3 projects, running on decentralized networks.
By the numbers, Arcium has:
Executed 1.5M+ computations on mainnet Processed 5.5M+ transactions 12+ apps live and powered by Arcium Learn more at arcium.com.
Campaign Duration Start: 23 June 2026, 1:00 PM UTC End: 07 July 2026, 1:00 PM UTC
ARX Official Contract Address: 0xd5f6ef5dEabE61E6d5CDB49BFB6f156F2c1cA715 ARX Contract on BSCScan: https://bscscan.com/address/0xd5f6ef5dEabE61E6d5CDB49BFB6f156F2c1cA715
How to Participate & Win To qualify for the random draw, trade at least $500 in ARX pairs on BNB Chain on the PancakeSwap Swap Page during the campaign period. The minimum volume can be achieved through a single trade or multiple trades in ARX pairs. Only trades made on the PancakeSwap Swap Page (Web or Mobile interface) are eligible.
Tiers & Rewards -Tier 1: Trade $500+ → 200 lucky winners get 493.42 ARX each (Total: 98,684 ARX)
-Tier 2: Trade $2,000+ → 100 lucky winners get 986.84 ARX each (Total: 98,684 ARX)
-Tier 3: Trade $5,000+ → 40 lucky winners get 1,644.75 ARX each (Total: 65,790 ARX)
Grand total: 263,158 ARX up for grabs
Important Note Each wallet address can only win one prize across all three tiers.
Tier 3 Qualifiers: If you qualify for Tier 3, your wallet will first be drawn for Tier 3. If you don't win, your wallet will be considered for the Tier 2 draw, then Tier 1. Tier 2 Qualifiers: If you qualify for Tier 2 but not Tier 3, your wallet will first be drawn for Tier 2. If you don't win, you will be considered for Tier 1. Example: If you trade over $5,000, your wallet is drawn for Tier 3 first; if not selected, it cascades to Tier 2, then Tier 1.
Terms & Conditions All qualifying trades must involve ARX tokens. Only trades in ARX trading pairs will be considered. Trades in pairs that do not include ARX will not count toward any part of this campaign. Only trades made on the PancakeSwap Swap Page (Web & Mobile Version) (including Infinity, V2 and V3 interfaces) qualify. Trades made through external aggregators or platforms (e.g., 1inch, or other decentralized exchanges) will not count towards this campaign. The PancakeSwap Swap Page (Web interface & Mobile) refers to trades made through the PancakeSwap FE. Trades made through external aggregators or platforms (e.g., 1inch, or other decentralized exchanges) will not count towards this campaign. Each wallet address can win a maximum of one reward. All the rewards will be distributed in ARX tokens within 4 weeks after the campaign ends. In PancakeSwap's absolute opinion, any trades executed through bad trading practices, including, but not limited to, wash trades, false trading, self-dealing, or trades that display any attributes of market manipulation ("Disqualified Trades"), will not be counted toward this campaign. PancakeSwap reserves the right to cancel, suspend, or postpone the Campaign or amend the Campaign rules at our sole discretion without notice to you. PancakeSwap will disqualify any entry from participants who do not meet the eligibility requirements as solely and absolutely determined by PancakeSwap. In the event of any dispute, PancakeSwap reserves the right to make all final decisions regarding the Giveaway. The information provided here is not intended as financial advice. It does not constitute a solicitation, recommendation, endorsement, or offer by PancakeSwap to buy, sell, or invest in any digital assets. Cryptocurrencies carry significant risks, including the potential loss of your entire investment. We strongly recommend seeking professional advice before making any financial, investment, or trading decisions.
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In the whirlwind landscape of cryptocurrency, the Mina Protocol has taken center stage with an extraordinary 47% surge in its native token, MINA, within the past week.
Currently riding high at $1.40, a level not witnessed since May 2022, MINA’s impressive rally has ignited contemplation among investors: Can it breach the elusive $2 mark in the immediate future?
MINA price action today. Source: Coingecko Mina’s Surge: CEO Appointment And Swiss Relocation This surge in MINA’s value is not a mere coincidence; it’s the result of a convergence of significant developments that have unfolded in recent weeks.
December 19 marked a pivotal moment when the Mina Foundation announced the appointment of Kurt Hemecker as the new CEO, a distinguished business development specialist in the FinTech space.
Simultaneously, the foundation strategically relocated its operations to Geneva, Switzerland, amplifying the positive sentiment surrounding MINA due to anticipated regulatory benefits and enhanced networking opportunities within the cryptocurrency community.
MINAUSD currently trading at $1.260 territory. Chart: TradingView.com Another driving force behind MINA’s remarkable surge is the introduction of the Paima ZK layer. A collaborative effort involving Paima Studios, Mina, ZekoLabs, and Class Lambda, this layer represents a groundbreaking leap in blockchain gaming technology.
It can deploy Zero-Knowledge (ZK) proofs to any Layer 1 (L1) ecosystem, supporting both EVM and non-EVM codebases. The layer’s innovative capacity to enable dynamic scaling of on-chain games, akin to the traditional “world select” in web2 games, adds a novel dimension to MINA’s utility.
The Mina Foundation Board appoints Kurt Hemecker (@khem) as CEO to champion adoption of @MinaProtocol’s ZK tech.
Kurt, previously COO, brings two decades of business development experience from major players including @DiemAssociation and @PayPal.
1/3https://t.co/W1old4fmxJ
— Mina Foundation 🪶 (@MinaFoundation) December 19, 2023
MINA Faces Resistance At Recent Highs Despite the positive momentum, MINA encounters initial resistance at its recent peak of $1.48, with additional overhead resistance noted between $1.5817 and $1.6337.
While the broader trend remains upward, cautious optimism is warranted as short-term oscillators hint at early signs of peaking momentum, prompting vigilance among traders and investors alike.
Meanwhile, Sebastien Guillemot, the principal developer at Cardano, alluded to significant advancements for the blockchain in 2024 in a recent X post.
With Ethereum sentiments being in the dumps right now, I’d just like to say working with Arbitrum (@arbitrum) has been a great experience 👍
Expect more projects that combine Arbitrum with @cardano and @MinaProtocol in the 2024 👍
— Sebastien Guillemot (@SebastienGllmt) December 26, 2023
Guillemot’s expressed enthusiasm about collaborating with Arbitrum suggests a potential fusion of Cardano with Arbitrum and Mina Protocol.
Paima Studios, under Guillemot’s leadership, has already contributed to the progression of Layer-2 solutions, releasing a solution for Cardano’s on-chain gaming this year.
The alignment with Arbitrum and Mina Protocol points toward a paradigm shift in the blockchain landscape, promising further innovation and seamless integration.
Analyst: Micron's earnings boost overall market sentiment for the tech sector
Chris Strazzeri, Financial Trading Manager of Moomoo’s Australia and New Zealand branch, stated: “The targeted sell-off indicates that following a sustained, strong rally in AI-related and speculative growth stocks, investors are enforcing strict valuation discipline. This serves as a warning to the market that actual earnings levels must now rise to support the currently overvalued price-to-earnings ratio. Micron Technology’s post-market earnings results largely confirm this, and its robust performance has lifted overall market sentiment in the tech sector.”
3 minutes ago
2x Leveraged Long DRAM ETF (RAM) Records $383 Million in Trading Volume on Its First Day of Listing
According to Bitget market data, the Roundhill T-REX 2X Long DRAM Daily Target ETF (Nasdaq ticker: RAM) officially launched trading yesterday. On its first trading day, the fund recorded a total turnover of $383 million, and rose 29.47% in after-hours U.S. stock trading to hit $30.8. Note: RAM’s underlying exposure covers companies engaged in memory-related technologies, including DRAM, NAND and storage solutions, targeting active traders seeking leveraged exposure to the memory chip theme and artificial intelligence infrastructure development.
3 minutes ago
BCA Research raises its S&P 500 target to 8,100 points, with AI remaining a core variable.
BCA Research has become the latest strategy firm to raise its US stock market target, reflecting Wall Street’s growing optimism about earnings support for US equities in the second half of the year. The institution lifted its year-end S&P 500 target from 7,700 points to 8,100 points. BCA’s core view is that first-quarter corporate earnings exceeded expectations in both strength and breadth, and the US economy has re-entered an expansion phase. Similar to JPMorgan Chase, BCA believes this stock rally is not only driven by valuation expansion—earnings themselves are delivering the index’s gains. AI remains the core variable in this assessment. Large tech firms including Alphabet, Microsoft, Amazon, Meta and Oracle continue to increase capital spending on data centers and AI infrastructure, driving growth in orders for chips, servers, construction, power and related industrial chains. This provides a clearer fundamental basis for upward revisions to 2026 and 2027 earnings. The institution points out that risks exist: the earnings expansion brought by AI investments has already been quickly priced into the market. If subsequent returns on capital spending are questioned, or interest rates remain elevated, further upside for the index will require more earnings confirmation rather than relying solely on investor risk appetite.
3 minutes ago
Tom Lee: Markets have nearly priced in two interest rate hikes from the Federal Reserve this year, and the rise in US Treasury yields is weighing on market sentiment.
Tom Lee said the market is still digesting Kevin Warsh’s remarks from his first press conference last week and repricing the macro environment. Over the past week, oil prices have pulled back, with war premiums contracting. Current oil prices are not far from the roughly $65 level seen before the conflict, indicating the market views related war risks as declining. On the other hand, 10-year U.S. Treasury yields continue to rise, now around 4.5%, higher than the pre-conflict level of roughly 4.2%. The main headwind the market has faced recently has shifted from oil prices to yields. Tom Lee noted that the market is not only focused on 10-year U.S. Treasury yields but also starting to price in potential additional interest rate hikes from the Federal Reserve. According to federal funds futures, the market is currently pricing in nearly two rate hikes this year. Bank of America further projected today that the Fed will raise rates three times this year, in September, October, and December respectively. Jeffrey Gundlach often emphasizes the importance of monitoring 2-year U.S. Treasury yields, as they typically lead the Fed and signal the central bank’s policy direction. Between 2023 and 2025, the relationship between 2-year U.S. Treasury yields and the federal funds rate indicated that the Fed’s policy was overly tight, requiring interest rate cuts. However, this relationship has recently reversed, meaning the Fed would need two rate hikes to catch up with 2-year U.S. Treasury yields. He believes that, at least for now, yields have become a headwind for the market.
3 minutes ago
Japan and South Korea's stock markets closed higher across the board, with Japan's stock market hitting a new closing high.
According to Bitget market data, the Nikkei 225 index closed up 3,191.37 points, or 4.61%, at 72,366.34 points on Thursday, June 25, hitting a new all-time closing high. South Korea’s KOSPI index rose 459.76 points (5.43%) to end at 8,930.78 points; SK Hynix surged 13% while Samsung Electronics gained more than 5%.
3 minutes ago
A newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
According to monitoring by Onchain Lens, a newly created wallet withdrew 17,675 ETH from Binance, valued at $28.58 million.
December 19th — On-chain data shows stablecoin U launched yesterday, with its circulating supply hitting $58.9 million in less than 24 hours since going live. Earlier reports: United Stables officially rolled out its U.S. dollar stablecoin U, which is now deployed on both the BNB Smart Chain (BSC) and Ethereum (ETH) blockchains and has completed multiple ecosystem integrations. For ecosystem support, U integrates with major DeFi protocols including PancakeSwap, Aster, Four.meme, and ListaDAO — letting users directly engage in on-chain trading, staking, lending, and liquidity provision. On the wallet front, Binance Wallet, Trust Wallet, and SafePal have added U to their platforms. Beyond the on-chain space, U has also been listed on centralized exchange HTX.
Relevant content
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
14 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
14 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
14 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
14 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
14 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
PANews, June 20 – According to on-chain monitoring data from blockchain security firm PeckShield, the OLPC/LABUBU trading liquidity pool on PancakeSwap on BNB Chain was hit by a hacker attack, with the attacker stealing approximately $1.1 million worth of crypto assets.
After the attack, the hacker quickly carried out fund transfer operations, bridging all stolen assets to the Ethereum network and depositing 633.4 ETH into the compliance-restricted mixing protocol Tornado Cash, using the mixing tool to sever the fund trail and significantly increase the difficulty of asset tracing.
In addition, the attacker conducted a small test transfer, sending 0.0221 BNB and 0.0411 ETH to a long-abandoned address. The purpose of this small transfer has not yet been determined. Currently, the PeckShield security team continues to track the attacker's full address chain, details of the attack contract vulnerability, and the remaining fund transfer paths.
On June 20th, PeckShield monitoring detected a flash loan attack targeting the OLPC/LABUBU liquidity pool on PancakeSwap over the BNB Chain, resulting in approximately $1.1 million in losses. Following the breach, the attacker transferred the stolen funds to the Ethereum network. They deposited 633.4 ETH into Tornado Cash, while sending 0.0221 BNB and 0.0411 ETH to an unusable blackhole burn address.
Relevant content
Preview: The U.S. May core PCE data will be released at 20:30 tonight, and is projected to hit its highest level since October 2023.
The Fed’s key inflation gauge, the Personal Consumption Expenditures (PCE) price index, will be released at 20:30 tonight, with markets expecting a sharp rise in May inflation that could reignite rate hike bets. The headline PCE year-over-year growth rate is projected to hit 4.1% in May, up from 3.8% in April and marking its highest level since 2023. Core PCE, which excludes food and energy, is forecast to rise to 3.4% year-over-year, up from 3.3% in April and its highest reading since October 2023. Core PCE has remained above the Fed’s 2% inflation target since 2021. The recent short-term inflation uptick was driven mainly by surging gasoline prices amid the Iran conflict in May. Oil prices have since edged lower following the signing of a peace deal between the U.S. and Iran, but core inflation has strengthened in tandem, indicating that price pressures are not solely tied to geopolitical oil shocks. Data from the CME FedWatch Tool shows that as of Wednesday, markets are pricing in a 34% probability of a 25 basis point rate hike in July. Aditya Bhave, U.S. economist at Bank of America Securities, noted that the recent inflation rebound stems in part from tariffs and one-off disruptions, but successive supply shocks have eroded the Fed’s patience, while deflationary room in the housing sector has largely been exhausted. Data shows that core PCE dipped to 2.6% in April, its lowest level since 2022, but annualized core PCE growth over the past three and six months has hovered near 3.8%.
4 minutes ago
SK Hynix plans to list on NASDAQ on July 10: A crypto whale opens 90% of its bullish positions in a single day, with all $21.27 million in long positions in unrealized profit.
According to Hyperinsight’s monitoring, SK Hynix officially announced its U.S. listing date today, targeting a July 10 debut on the NASDAQ. The company had previously disclosed a over $29 billion listing fundraising plan yesterday afternoon. Driven by listing optimism, SKHX surged 14% intraday, hitting $1930 at press time, with a daily trading volume of $407 million and open interest of $237 million. Since the news broke yesterday, 10 whales have built positions in SKHX on Hyperliquid, 9 of which opened long positions totaling around $21.27 million, at an average entry price of ~$1797.8 and average unweighted liquidation price of ~$1390.6. With price gains, all 9 long positions are now in unrealized profit. Market data shows that positions of over $1 million amount to roughly $140 million, with a long-short ratio (longs/shorts) of ~0.715. The average entry price for longs is ~$1672, while shorts average ~$1640. The nearest short liquidation threshold stands at $2149, just $200 away from the current price, mounting short-side pressure. -HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group, set it as admin (enable message sending permission) to auto-sync on-chain updates.
4 minutes ago
The "Retail vs. Wall Street" concept-linked token WEN continues its strong run, rising over 18% in after-hours trading.
According to Bitget market data, Wendy's (WEN) rallied 25.66% in the regular trading session, then climbed an extra 18.96% in after-hours trading, now changing hands at $9.35. Earlier reports noted that Serenity took to Twitter to mock the latest meme stock movement unfolding on Reddit's high-risk trading communities, targeting U.S. fast-food chain Wendy's. The Reddit community's meme warning reads: "If Wendy's goes bankrupt, we'll all be out of jobs, and after losing all our trading money, we'll have to work behind Wendy's trash cans." Serenity later clarified that they hold no positions, only found the activity amusing, and added they were unsure if the campaign would succeed. Wendy's holds a special cultural status on Reddit's WallStreetBets community; for years, "working behind Wendy's trash cans" has been a staple joke among retail investors mocking their trading losses.
4 minutes ago
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
4 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
4 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
If traditional finance got a blockchain makeover, DeFi protocols would inevitably be the result. Here, decentralized apps (DApps) and smart contracts reign supreme, offering you control over your financial future.
From staking your digital assets for crypto yield to conducting anonymous crypto swaps, this guide introduces you to the top DeFi protocols to keep an eye on in 2026.
In This Guide:
12 Top DeFi protocols in 2026 DeFi protocols comparedWhat are DeFi protocols?How do DeFi protocols work?Should you use DeFi protocols?Could DeFi replace traditional finance?Frequently asked questions12 Top DeFi protocols in 2026
1. dYdX
Best DeFi protocol for liquid staking
Token
dYdX
Token max supply
1,000,000,000 DYDX
Market cap
$1.499B
TVL
$401.81M
The dYdX protocol provides advanced financial instruments like perpetual and margin trading within the DeFi ecosystem. The leading exchange operates without KYC, allowing for anonymous, trustless trading. It supports perpetual and margin trading, alongside lending and borrowing, and offers competitive fee structures and gas-free trading experiences.
The platform provides lower collateralization levels compared to competitors, increasing accessibility. dYdX also utilizes StarkWare for increased efficiency and lower transaction fees and allows for community contributions and governance.
Notably, dYdX also transitioned to an independent blockchain within the Cosmos ecosystem, enhancing performance and furthering decentralization.
Pros
Advanced trading options No KYC required Low fees Layer-2 scalability Dynamic interest rates Interoperability with Cosmos Cons
Complex for beginners Dependent on Ethereum Limited spot trading New chain transition challenges Ecosystem adaptation required Trade features: Perpetual trading, margin trading, decentralized order book, layer-2 scalability, cross-margin capabilities.
Security features: Self-custodial security, third-party audits, secured by Ethereum protocol.
Platform and ecosystem features: No KYC, open-source code, integration with Cosmos ecosystem, decentralized governance, off-chain order matching.
2. PancakeSwap
Best DeFi protocol for cost-effective transactions
Token
CAKE
Token max supply
450,000,000 CAKE
Market cap
$974.4M
TVL
$2.224B
PancakeSwap is a top-tier DeFi protocol. It focuses on the Binance Smart Chain blockchain, but supports a total of eight networks, including Ethereum.
PancakeSwap’s native crypto is CAKE, which has a total supply of 450 million tokens. This decentralized exchange leverages an automated market maker (AMM) model, allowing for direct, wallet-to-wallet trades without intermediaries, enhancing user control and security.
Moreover, it offers a range of services beyond simple trades, such as yield farming, staking, and lotteries, enabling users to earn rewards in various ways. Its user-friendly interface makes it accessible for beginners, while its innovative features, like the zkBridge technology, ensure secure and efficient transactions across different blockchain networks.
PancakeSwap’s growth is underscored by its status as the first billion-dollar project on the Binance Smart Chain and its continual upgrades, such as the current PancakeSwap V3, demonstrating its commitment to improving functionality and user experience.
Pros
Intuitive interface High APY for liquidity providers (LPs) Supports staking and farming NFT marketplace Cons
No mobile app No native crypto wallet Trade features: Instant crypto trading, liquidity pools, asset bridging, perpetual trading, and cryptocurrency purchasing.
Game and NFT features: Gaming marketplace, prediction market, NFT marketplace for NFTs on BNB Chain.
DeFi and ecosystem engagement: Governance, initial farm offerings (IFOs), gauge voting and revenue sharing, and farm booster.
3. De.Fi
Best DeFi protocol for monitoring
Token
DEFI
Token max supply
1,000,000,000 DEFI
Market cap
n/a
TVL
n/a
De.Fi provides detailed smart contract analysis to detect potential vulnerabilities and assign security scores. It offers an extensive dashboard for monitoring wallet transactions and balances, alongside powerful investment tools for analyzing and controlling positions in DeFi protocols, NFT collections, and lending markets.
Additionally, De.Fi includes specialized security features like the De.Fi Shield and Scanner for thorough contract examination. It also comes with user-friendly transaction tools such as secure crypto sending and De.Fi Swap for easy cryptocurrency exchanges across various blockchains, making it a well-rounded solution for utilizing the DeFi space safely and effectively.
Uniswap is another leading decentralized exchange. The native token is UNI, which has a total supply of 1 billion tokens.
Governed by its users through the UNI token, it offers a community-driven experience, unlike centralized platforms. Uniswap’s liquidity pools facilitate secure and direct token swaps, ensuring users maintain complete control over their funds. Originally built on Ethereum, it now supports other Ethereum-compatible networks like Polygon and Optimism, offering lower transaction costs.
Uniswap’s simplicity makes it accessible for beginners while providing advanced features for experienced users. This is rare when it comes to DEXs, which can often be tricky to use and less straightforward than their CEX counterparts. Uniswap also boasts broad token availability and deep liquidity, reducing price impact on large trades.
Additionally, the DEX has integrated NFT trading, enhancing its offerings. With nearly 5 million unique wallet addresses and surpassing $1 trillion in trading volume, its popularity and reliability are evident.
Finally, Uniswap’s swap fees are competitive, especially when compared to centralized exchanges, and users can choose cheaper networks to avoid high Ethereum gas fees.
Game and NFT features: NFT marketplace, prediction market.
DeFi and ecosystem engagement: Governance, concentrated liquidity, transaction fee structure.
5. Curve Finance
Best DeFi protocol for stablecoins
Token
CRV
Token max supply
2,091,644,627 CRV
Market cap
$730.32M
TVL
$2.486B
Curve Finance is a leading decentralized exchange (DEX) on the Ethereum blockchain, specializing in the efficient trading of stablecoins and wrapped tokens like wBTC, renBTC, and sBTC. Founded by Michael Egorov, it has quickly risen to prominence, and is particularly famed for its innovative use of liquidity pools and automated market maker (AMM) systems. These allow users to earn high annual interest rates — over 300% in some pools — on deposited cryptocurrency.
The platform distinguishes itself with its unique bonding curve. This is optimized for stablecoins to reduce slippage, allowing significant trades with minimal price impact. This has positioned Curve as a vital component in the DeFi space, especially for those interested in liquidity mining and yield farming.
Curve Finance operates as a decentralized autonomous organization (DAO), with its governance token CRV enabling holders to vote on changes and proposals. This shift to a DAO structure allows Curve to operate with enhanced transparency and community-driven development. Despite its complexity and the potential for impermanent loss, Curve Finance offers significant opportunities for liquidity providers and traders, underlined by security measures including multiple code audits and bug bounties to safeguard user assets.
Pros
Specializes in stablecoins Reduced slippage Governed by DAO Multiple security audits Bug bounties for added safety Cons
Complex for beginners Focused mainly on stablecoins and wrapped tokens Reliance on Ethereum blockchain, leading to potential high gas fees Trade features: Stablecoin specialization, efficient liquidity pools, unique bonding curve, minimal slippage in trades.
Earning features: High annual interest rates from liquidity pools, rewards in CRV tokens, participation in yield farming.
DeFi and ecosystem engagement: Governance via CRV token, high total value locked (TVL), support for various wrapped tokens.
6. Balancer
Best DeFi protocol for multi-tokens pools
Token
BAL
Token max supply
62,244,253 BAL
Market cap
$268.21M
TVL
$1.242B
Balancer is a versatile and innovative DeFi platform that redefines the concept of decentralized exchanges (DEXs) by combining elements of automated market makers (AMMs) and index funds.
Unlike traditional DEXs — which typically focus on two-token liquidity pools — Balancer’s USP lies in its ability to maintain a balanced portfolio through automatic rebalancing, adjusting the pool’s asset allocations in response to market price changes.
Balancer supports three types of pools: public pools, where anyone can add liquidity and earn trading fees; private pools, where only the creator can contribute liquidity and set parameters; and smart pools, which are private pools with adjustable parameters controlled by a smart contract. This flexibility caters to a wide range of user preferences and risk tolerances.
Furthermore, Balancer’s architecture is designed to function on Ethereum and also on six additional blockchain networks, expanding its accessibility and interoperability within DeFi ecosystems. By providing a decentralized platform for multi-asset liquidity, Balancer contributes significantly to the efficiency of the cryptocurrency market.
Complex for beginners Limited on smaller chains Trade features: Multi-token pools, automated portfolio rebalancing, customizable pool types (public, private, smart), wide asset variety, minimal slippage through dynamic trading fees.
Earning features: Rewards in BAL tokens, high yield from liquidity provision, participation in liquidity mining, diversified income streams through various pool types.
DeFi and ecosystem engagement: Governance via BAL token, significant total value locked (TVL), interoperability across multiple blockchains, support for a variety of digital assets and wrapped tokens.
7. Summer.fi
Best DeFi protocol for services
Token
Summer.fi
Token max supply
N/A
Market cap
N/A
TVL
$5.345b
Summer.fi, initially known as Oasis.app and one of the earliest MakerDAO projects from 2016, has evolved significantly beyond its original scope.
After Maker became fully decentralized, Summer.fi emerged as a standalone platform, dedicated to establishing a highly trusted application for DeFi capital deployment.
It now transcends being merely an interface for the Maker Protocol. It aims to be the most secure place for engaging with DeFi, providing users with advanced automation features like stop-loss, auto-buy, and auto-sell, as well as strategies such as Constant Multiples for optimizing Vault performance. If your Vault’s collateralization ratio hits your Sell Trigger, Constant Multiple will execute.
Summer.fi prioritizes user experience, offering clear insights into positions, returns, and associated risks, backed by a comprehensive knowledge base reflecting community feedback.
Pros
Comprehensive DeFi services Advanced automation features, (stop-loss, take-profit, auto-buy, etc.) User-friendly interface Integration with multiple protocols (Aave and Maker) Cons
Complex for new users Limited to ERC-20 tokens Borrowing features: Flexible repayment schedules, diverse collateral types, integrated with multiple protocols like Aave and Ajna, protection against market volatility through the Oracle Security Module and constant updates from Chainlink.
Multiplying features: Increase or decrease collateral exposure in one transaction, use borrowed funds to buy more collateral, integration with liquid platforms and the 1inch DEX aggregator for best execution prices, dedicated interface for managing positions.
Earning features: Self-custody solutions for yield earning, compatibility with Aave and Maker protocols, increase yield from StETH, participate in the Dai Savings Rate for passive income.
Automation features: Stop-loss to prevent liquidations, take-profit for efficient exits, auto-buy and auto-sell for Vault management, Constant Multiple to maintain predefined exposure levels.
Integration and partnerships: Support for various wallets like MetaMask and Ledger, integration with the 1inch Network for efficient token swaps, launched on Optimism layer-2 for reduced transaction costs, Ajna Protocol integration for curated borrowing and lending pools.
8. Aave
Best DeFi protocol for liquidity
Token
AAVE
Token max supply
16,000,000 AAVE
Market cap
$1.711B
TVL
$10.564B
Aave (AAVE) is a pioneering entity in the DeFi sector. The comprehensive lending platform boasts a significant Total Value Locked (TVL), which surpasses $10 billion in crypto collateral.
Aave enables users to lend and borrow a wide array of tokens across multiple ecosystems, ensuring a versatile and inclusive financial experience.
The platform’s latest iteration, Aave V3, expands its reach beyond Ethereum to include 10 different blockchain networks, further solidifying its position as a key player in DeFi by enhancing accessibility and providing a range of options for its diverse user base.
Pros
High TVL Wide range of tokens Multi-chain accessibility Flash loans availability Governance via AAVE token Cons
Complexity for beginners High gas fees on Ethereum Risk of liquidation Trade features: Flash loans, real-time interest accrual, stable and variable interest rates, Ethereum network integration, multi-asset collateral support.
Earning features: aTokens for deposit interest, decentralized lending and borrowing, yield optimization strategies, liquidity mining.
Security features: Over-collateralization of loans, smart contract audits, safety module for risk mitigation, bug bounties for platform integrity.
Platform and ecosystem features: Governance via AAVE tokens, layer-2 solutions for reduced fees, decentralized autonomous organization (DAO) structure, no KYC requirements, multi-chain accessibility.
9. MakerDAO
Best DeFi protocol for generating a stablecoin
Token
MKR
Token max supply
1,005,577 MKR
Market cap
$2.686B
TVL
$7B
MakerDAO is a pioneering DeFi platform that has revolutionized the way users engage with digital assets. The platform provides a decentralized borrowing and lending system with its stablecoin, DAI, at the core.
Built on the Ethereum blockchain, it allows users to leverage a variety of cryptocurrencies as collateral to generate DAI, maintaining stability through rigorous governance by MKR token holders.
The platform distinguishes itself with features like over-collateralization to ensure loan security, and a dual-rate model offering users the choice between stable and variable interest rates. However, users must navigate complexities such as liquidation risks and market volatility.
As MakerDAO evolves, it continues to solidify its status as a cornerstone of the DeFi landscape with the introduction of upgrades like V3 and the addition of the GHO stablecoin — balancing user empowerment with the intricate dynamics of decentralized finance.
Pros
Decentralized lending DAI stability Ethereum-based Governance by MKR Over-collateralization Variable interest rates Cons
Complexity High gas fees Liquidation risks Trade features: Flash loans, stable and variable interest rates, real-time aTokens, multi-currency collateral, governance-driven updates.
Earning features: Interest on deposits, participation in governance, yield farming opportunities, dynamic interest rates.
Security features: Over-collateralization, liquidation mechanisms, community governance for risk management, security modules for asset protection.
Platform and ecosystem features: Decentralized borrowing and lending, Ethereum-based, MKR token for governance, integration with multiple crypto assets, open-source development, Maker Vaults for asset management.
10. Compound Finance
Best DeFi protocol for staking
Token
COMP
Token max supply
10,000,000 COMP
Market cap
$487.27M
TVL
$2.668B
Compound Finance is a prominent decentralized lending platform operating on the Ethereum blockchain, known for pioneering the DeFi lending space.
Established by Robert Leshner and Geoffrey Hayes in 2018, Compound simplifies the process of borrowing and lending cryptocurrencies without intermediaries, allowing over $2 billion in assets to be locked on its platform.
Unique for its innovations, such as yield farming and governance through COMP tokens, the platform aims to provide financial inclusion, eliminating traditional transaction minimums and credit checks.
While offering competitive returns through real-time interest rates, users engaging with Compound and its governance token, COMP, must be cautious of market volatility and conduct in-depth research prior to investment.
Pros
Decentralized borrowing and lending No transaction minimums User-friendly interface Supports multiple ERC-20 assets Yield farming opportunities Cons
Market volatility risks Requires over-collateralization Complexity for new users High gas fees on Ethereum Trade features: Real-time interest rate adjustments, supports diverse ERC-20 tokens, and a user-centric lending and borrowing system.
Earning features: Yield farming with COMP tokens, competitive APR for lenders, dynamic interest rates based on market conditions.
Security features: Extensive security audits (Trail of Bits, OpenZeppelin), economic risk analysis by Gauntlet, transparent and verifiable contracts.
DeFi and ecosystem engagement: Decentralized governance with COMP tokens, financial inclusion without traditional verifications, continuous platform innovation and updates.
11. Lido
Best DeFi protocol for ETH staking
Token
LDO
Token max supply
1,000,000,000 LDO
Market cap
$2.215B
TVL
$34.445B
Lido Finance is a DeFi staking protocol offering user-friendly, semi-custodial staking services across multiple cryptocurrencies. Known for its simple interface and decentralized structure, Lido allows users to stake their assets and receive liquid staking tokens, such as stETH, which can be utilized in the broader DeFi ecosystem for yield farming.
Supported by major players in DeFi and endorsed for its reasonable fees and rewarding referral program, Lido maximizes decentralization through its governance token, LDO, allowing stakeholders to partake in decision-making. While Lido streamlines the staking process, users should consider the semi-custodial nature, the staking rewards fees, and potential tax implications associated with rewards.
Semi-custodial service Staking rewards fees Potential tax implications Staking features: Easy and unrestricted staking, maximized earning potential, liquid staking tokens for yield farming.
Earning features: Daily staking rewards, assets used as collateral for lending and yield farming, participation in governance for reward optimization.
Security features: Smart contracts audited by Quantstamp and Sigma Prime, semi-custodial nature maintains user control.
DeFi and ecosystem engagement: Governance via LDO tokens, broad DeFi integration, supports multiple blockchains including Ethereum.
DeFi protocols comparedProtocolTypeTVLTokenNo. of blockchains supportedPancakeSwapDEX$2.224BCAKE9UniswapDEX$5.543BUNI8CurveDEX$2.486BCRV14BalancerDEX$1.242BBAL8Summer.fiDEX$5.345bsummer.fi4AaveLending$10.564BAAVE12MakerDAOLending$7BMKR1CompoundLending$2.668BCOMP4dYdXDEX$401.81MdYdX1LidoStaking$34.445BLDO5De.FiTracker and walletn/aDEFI15What are DeFi protocols?DeFi protocols are sets of rules, procedures, and codes that govern decentralized finance (DeFi) systems, enabling users to engage in activities such as trading, lending, and staking tokens within blockchain ecosystems.
DeFi represents a paradigm shift leveraging blockchain technology, primarily Ethereum, to cultivate an open, permissionless, and borderless financial ecosystem. Unlike traditional systems, developers write smart contracts to deploy DeFi protocols that enable peer-to-peer interactions without intermediaries. By adhering to the same set of rules, DeFi protocols ensure a standardized experience for all participants.
An example of a DeFi protocol is MakerDAO. The popular DeFi lending platform allows users to borrow against their crypto assets by locking them in exchange for a stablecoin, DAI, thus offering more predictable repayment terms despite the volatility of crypto markets.
Other protocols allow you to earn a passive income by generating yield from your staked assets. One popular example is the Lido protocol, which allows you to earn on stETH. Platforms like Lido aim to offer the highest APY on crypto staking, allowing users to maximize returns on their staked assets within the Ethereum ecosystem.
The total value locked (TVL) is often used as a metric to gauge a protocol’s adoption and utility, with MakerDAO being one of the largest by TVL, highlighting its significant role in DeFi.
In 2026, new and more efficient technologies are being developed. For instance, some protocols incorporate asynchronous smart contracts, which allow transactions and agreements to be executed without needing all parties to be present or online simultaneously. This helps streamline operations within networks like Ethereum.
According to DeFiLlama, the top protocol categories are lending, DEXs, bridges, CDP (protocols that mint their own stablecoin using collateralized lending), and restaking.
Protocol categories: DeFiLlamaWhy do you need DeFi protocols?DeFi allows decentralized apps (DApps) and platforms to provide services like crypto lending and crypto yield earning through staking. Users can participate in AMM (automated market maker) systems to improve liquidity.
These features offer a fertile ground for startups to innovate beyond conventional financial products, fostering rapid experimentation and potential disruption. The global accessibility facilitated by DeFi platforms makes them a significant tool for financial inclusion, allowing startups to reach a worldwide audience.
The interoperability among various DeFi protocols enhances this further, enabling seamless integration of services like web3 gaming and metaverse tokens, broadening the scope of what blockchain startups can achieve.
The total value locked (TVL) in DeFi platforms serves as a metric of trust and utility, indicating the number of cryptocurrencies staked, lent, or committed to liquidity pools, highlighting the ecosystem’s growth and stability.
By eliminating intermediaries, DeFi significantly lowers transaction costs, making it an attractive model for startups, especially in crypto lending and yield generation. Instead of being worried about your credit score, you can apply for a crypto loan with fewer restrictions than in TradFi. This reduction in costs, combined with the potential for high crypto yield through mechanisms like staking, positions DeFi as an increasingly popular option for both entrepreneurs and investors in the crypto market.
How do DeFi protocols work?DeFi protocols function by leveraging blockchain technology. While most of them are based on Ethereum, some may also support other networks. At the heart of these services are smart contracts, self-executing contracts with the terms of the agreement directly written into code, which facilitate, verify, and enforce the negotiation or performance of a contract.
DeFi, however, requires thorough research and understanding of several factors, including security, liquidity, and the platform’s governance structure. It’s important to assess the user experience, the degree of interoperability with other DApps and blockchain systems, and the level of community involvement in decision-making processes.
1. Decentralized apps (DApps)Users can engage with various DeFi platforms or DApps to access a wide range of financial services.
One common way to participate is through crypto lending on platforms. Protocols such as Aave or Compound allow you to deposit cryptocurrencies to earn interest. The earnings are measured as Annual Percentage Yield (APY), which is a volatile percentage that corresponds to the market’s demands.
2. Liquidity miningAnother popular DeFi activity is liquidity mining. You can provide liquidity to decentralized exchanges (DEXs) by depositing your assets into liquidity pools. This deposit is usually made for a pair of assets, such as ETH-USDT, but it can be anything else.
In return, you earn rewards, often in the platform’s native tokens. This process is critical for ensuring there is enough market liquidity for trading and is facilitated by AMMs, algorithms used by DEXs to determine the price of tokens and facilitate trades.
3. Swaps (trading)Trading on DEXs is another key function of DeFi protocols. These platforms allow users to trade cryptocurrencies directly with others in a more private and accessible manner than on centralized exchanges.
This not only supports the decentralized ethos of blockchain but also contributes to the Total Value Locked (TVL).
Should you use DeFi protocols?Pros Earn money: You can make your crypto work for you. Put your assets in DeFi platforms to earn interest or rewards. Trade easily: Swap cryptocurrencies directly with others. No need for a middleman. More control: You’re in charge of your money. No bank or institution can block your transactions. Open to everyone: Anyone with an internet connection can join. It’s global and inclusive. Transparent: Everything is recorded on the blockchain. You can see all transactions. New opportunities: Explore new financial services like crypto lending or web3 gaming. Cons Risky: Crypto values can change fast. Your investments can shrink quickly. Complicated: Some DeFi stuff is hard to understand. It’s not always beginner-friendly. Security issues: Hacks happen. If a DeFi platform gets attacked, you might lose your money. No customer support: If you have a problem, there’s no customer service to call. Research needed: You need to do your homework before investing. Not all platforms are safe. High fees: Sometimes, you’ll pay a lot to make transactions, especially when the network is busy. Could DeFi replace traditional finance?Decentralized finance has the potential to usurp traditional institutions, specifically TradFi. Decentralized finance enables users to transact securely, anonymously, and efficiently and is thus likely to gain popularity as web3 and crypto adoption grows. From crypto lending to staking to market makers, DeFi is exciting but also risky.
Do not interact with any DeFi protocols until you have developed a solid plan and are entirely comfortable with the mechanisms of the platform. Always be aware of the potential for losses, and never invest more than you can afford to lose.
Frequently asked questions What is the most popular DeFi protocol? The most popular DeFi protocol is often considered to be MakerDAO. It frequently leads in terms of Total Value Locked (TVL) and has a wide usage across the DeFi ecosystem. MakerDAO’s platform revolves around the generation of DAI, a stablecoin pegged to the U.S. dollar, and enables decentralized borrowing and saving. Its popularity stems from its innovative approach to maintaining currency stability and providing a decentralized credit service.
What are the top five DeFi tokens? The top five DeFi tokens typically include Maker (MKR), Aave (AAVE), Compound (COMP), Uniswap (UNI), and PancakeSwap (CAKE), based on their market capitalization and impact on the DeFi space. These tokens facilitate governance of their respective platforms, offering holders voting rights on decisions and upgrades. They are integral to the operations of these platforms, from lending and borrowing to providing liquidity and facilitating decentralized trading.
What is TVL in DeFi protocols? Total Value Locked (TVL) in DeFi protocols refers to the total amount of assets currently being staked, lent, or deposited within a DeFi protocol’s smart contracts. It serves as a metric to gauge the overall health and growth of the DeFi market, indicating how much money is actively used in these decentralized financial services. A higher TVL suggests greater user trust and utility of the DeFi ecosystem.
How many DeFi protocols are there? The number of DeFi protocols is constantly growing as the space evolves and new projects are launched. There are hundreds of DeFi protocols across various blockchains, catering to different aspects of decentralized finance such as lending, borrowing, trading, and liquidity provision. The exact number can vary daily due to the dynamic nature of the crypto and DeFi industries.
How many DeFi protocols are there? The number of DeFi protocols is constantly growing as the space evolves and new projects are launched. There are hundreds of DeFi protocols across various blockchains, catering to different aspects of decentralized finance such as lending, borrowing, trading, and liquidity provision. The exact number can vary daily due to the dynamic nature of the crypto and DeFi industries.
Is TVL a good metric? TVL is a good metric for understanding the scale and usage of a DeFi protocol, as it reflects the total capital committed by users. However, it should not be the sole metric for assessing a protocol’s value or success, as it does not account for risks, decentralization level, or liquidity. It’s best used in combination with other factors like user growth, transaction volume, and protocol governance for a comprehensive evaluation.
What is a good FDV TVL ratio? A good FDV (Fully Diluted Valuation) to TVL (Total Value Locked) ratio for a DeFi project is typically below one, indicating that the project’s market valuation is not excessively higher than the value of assets locked in the protocol. Lower FDV/TVL ratios suggest that the protocol is undervalued or efficiently using its capital, which can be attractive to investors. However, this ratio should be considered alongside other metrics and project fundamentals for a complete analysis.
What is the TVL formula? The TVL formula in DeFi protocols calculates the total value of all assets deposited in the protocol’s smart contracts, which can include cryptocurrencies, stablecoins, and other tokens. It aggregates the value of these assets, often converting them to a common currency like USD for a standardized measure. The formula is the sum of the value of each type of asset multiplied by its current market price.
How to calculate FDV? The Fully Diluted Valuation (FDV) is calculated by taking the total supply of a token (both circulating and non-circulating) and multiplying it by the current price of the token. This gives an idea of what the market cap would be if all tokens were in circulation and trading at the current price. It’s an important metric for understanding the potential market size and investment risk of a cryptocurrency or DeFi project.
PANews reported on April 30 that the tokenized stock platform xStocks has been launched on BNB Chain, initially offering more than 50 tokenized US stocks and ETFs, including Apple, Tesla, Nvidia, and the S&P 500 ETF. More than 100 more assets will be added in the coming weeks.
Currently, the tokenized assets are available for trading on PancakeSwap and CowSwap, and will soon be integrated with 1inch. In addition to direct trading, these tokenized shares can also be used as collateral for lending and integrated into structured yield strategies, and will be further integrated with protocols such as Chainlink, Venus Protocol, and Flux in the future.
BNB Chain currently has an on-chain RWA scale of $3.8 billion, approximately 45,000 holders, and a transaction volume of $1.17 billion, making it the second largest RWA public chain.
