DEX

Solana is adding SushiSwap as a native DEX in February 2026, with routing handled through the Jupiter aggregator and swaps exposed directly in the SushiSwap interface. The DEX currently holds about $66M in total value locked and generates roughly $3M in annual fees, while Solana’s broader DEX ecosystem remains driven by meme tokens and active bot trading. Despite this growth in on-chain activity and Meteora’s strong USDC liquidity, SOL is trading around $84.40 with open interest near a six-month low of $2.2B and faces uncertainty about reclaiming the $95–$100 range.

On 10 February 2026, FalconX introduced margin financing for trades on Hyperliquid, offering institutional clients up to 5× leverage. The on-chain product brings prime brokerage-style tools to a decentralized derivatives venue, aiming to connect off‑chain capital management with on‑chain execution.

XRP's derivatives metrics swung sharply, with futures net flow turning negative by 3,711.06% and a net change of -$30.57 million, according to CoinGlass. Inflows totaled $174.19 million while outflows reached $204.77 million over the last four hours. Separately, XRP ETFs saw $15.16 million of inflows on Feb. 6 and $39.04 million weekly netflows.

On February 8, 2026, Forward Industries chairman Kyle Samani criticized Hyperliquid and its founder Jeff Yan, alleging the platform embodies crypto's issues and is closed source and permissioned. The article notes these claims are unverified. Hyperliquid highlighted upcoming HIP-4 outcome markets and, following HIP-3, saw over $12 billion in volume via TradeXYZ.

Lighter’s LIT token climbed more than 13% in 24 hours as its perpetual futures volume hit a yearly high of $7.53 billion and grew 34% over the week. Despite this spike and retail long positions around $800 on Uniswap, LIT’s price remained trapped between $1.40 and $2.04 as whales continued to distribute tokens and hold profitable leveraged shorts.

UNI rebounded from a four‑month low of $2.8, defended $3, and climbed to a local high of $3.5 before a mild pullback. At the time of writing, it traded at $3.49, up 9.2%, with market capitalization above $2 billion. Exchange flows on the 6th–7th of February signaled strong outflows.

Vitalik Buterin has argued that Ethereum’s Layer 1 now scales well enough that Layer 2 networks should prioritize advanced features over pure throughput, while ENS has canceled its Namechain L2 to keep ENSv2 fully on mainnet. MetaMask has integrated tokenized U.S. stocks, ETFs, and commodities via Ondo Finance, and perpetual DEXs recorded $70 billion in trading volume on February 5, their second-largest day on record. These moves highlight Ethereum’s evolving scalability roadmap and the growing link between decentralized markets and traditional financial assets.

According to Ripple's Reece Merrick on Feb. 6, 2026, XRP is poised to underpin real‑world financial infrastructure, as RippleX's latest Institutional DeFi roadmap targets mainnet features in the coming months. Santiment reported XRP rebounded 25% from $1.11 to $1.55, and was up 9% over 24 hours to $1.41 while down 18% weekly.

Bitwise filed a registration statement for a spot Uniswap ETF with the U.S. SEC on Feb. 5. The proposed UNI fund would initially exclude staking and names Coinbase Custody Trust Company LLC as custodian if approved. UNI traded at $3.33, down 7.91% over 24 hours, while volume jumped more than 90% to $692.7 million.

On 6 February 2026, Bitwise filed an S-1 with the U.S. SEC for a spot Uniswap ETF that would hold UNI directly, with Coinbase Custody named as custodian if approved. Staking is excluded at launch but could be added in future amendments. UNI traded near $3.32 with a 0.72% intraday gain, yet remained down 8.09% over seven days and 21.73% over one month.