DEX

Hyperliquid’s third-week-of-March recap highlighted three developments: the launch of an officially licensed S&P 500 perpetual contract, USDC support arriving on HyperEVM, and new activity highs across HIP-3 tokenized commodity markets. The update also referenced TradeXYZ figures showing a $5.6 billion 24-hour peak volume and about 45,300 daily unique traders, alongside a community ETHCC Cannes event scheduled for March 31.

Balancer founder Fernando Martinelli has proposed shutting down Balancer Labs after months of legal and economic pressure, while the Balancer protocol continues operating under a new setup. The plan would end BAL emissions, remove veBAL governance, redirect protocol fees to the DAO treasury, cut V3 swap fees, and introduce buybacks and burns that could remove up to 35% of supply over time. BAL was trading near $0.15, with support around $0.126 and resistance near $0.1785 and $0.20 as the overhaul's execution becomes the key variable.

Balancer Labs will shut down following financial strain and a $116 million exploit in November, while executives propose that the Balancer Foundation and Balancer DAO take over ongoing operations. The team says the company has been running without revenue and spending heavily to attract liquidity, which it says diluted BAL holders. Balancer’s TVL has fallen from a $3.3 billion peak in November 2021 to $158 million, after dropping to $800 million by October 2025 and then sliding another $500 million in the two weeks after the hack.

On Mar 23, 2026, the Balancer Foundation submitted governance proposals that would overhaul BAL tokenomics and reorganize operations to extend the protocol's runway. The plan would halt BAL incentives, end veBAL, route 100% of protocol fees to the DAO treasury, and offer a BAL buyback for holders who want to exit. It also calls for winding down Balancer Labs, moving work into a new operating company, and cutting headcount from 25 to 12.5 while reducing the new entity's budget by 34% to $1.9M.

As of March 23, 2026, an analysis of 5,000 XRP Ledger blocks found that payments accounted for 53.20% of over 1 million sampled transactions. OfferCreate activity followed with about 371,895 transactions (34.2%), while NFTokenBurn ranked third at about 65,369. In the same block set, Ripple USD (RLUSD) led stablecoin-related transfers with 92,699, ahead of ARK at about 10,281.

Immunefi's “State of Onchain Security 2026” report argues that a hack's impact extends well beyond the moment funds are stolen, often turning into a months-long operational and market crisis. The report estimates average direct theft at about $25 million and finds hacked tokens saw a median 61% drop over six months, with 84% failing to regain their hack-day price in that period.

Fidelity Investments told the US SEC on Friday that the agency should keep building a clearer framework for broker-dealers to offer, custody and trade crypto assets on alternative trading systems. The firm said comprehensive rules are "critical" for tokenized securities, including third-party issuances, and it also urged guidance to allow distributed ledger technology for ATS recordkeeping.

Resolv Labs said on Sunday that an exploit enabled an attacker to mint 50 million unbacked USR and forced the team to pause all protocol functions. PeckShield also reported an additional 30 million USR minted, while D2 Finance estimated the attacker extracted about $25 million as USR briefly traded as low as $0.025 on Curve before rebounding.

On March 19, 2026, TRON introduced the TRX/USDC trading pair on Aerodrome Finance, a leading DEX on Coinbase's Base layer-2 network. As of March 21, 2026 (08:00 UTC), TRX traded at $0.3096 with a market cap around $29 billion, while technical indicators on weekly charts suggested early momentum improvement. The article highlights key levels near $0.32 (USD pair) and 0.00000469 (BTC pair) as areas traders are watching.

Grayscale filed a Form S-1 with the U.S. SEC on 20 March to register a proposed HYPE ETF linked to Hyperliquid's native asset. HYPE traded around $39–$40 after climbing from below $30 in early March, while crypto ETF flow data showed +$146m last week, +$2.29bn last month, -$1.62bn last quarter, and -$225.8m on 19 March. Approval is not assured and remains subject to SEC review.