DEX

GANA Payment, a decentralized payment platform on Binance Smart Chain, lost over $3.1 million in a security breach on November 20, 2025, at approximately 5:00 AM UTC. The attacker manipulated the project's smart contract to drain tokens, then laundered 1,140 BNB (approximately $1.04 million) and 346 ETH ($1.05 million) through Tornado Cash across BSC and Ethereum networks. The exploit caused GANA's token value to drop over 90%.

Crypto-collateralized lending reached an all-time high of $73.59 billion in the third quarter of 2025, marking a $20.46 billion increase from the previous quarter, according to Galaxy Research. On-chain lending now accounts for 66.9% of all crypto-collateralized debt. The growth was driven by DeFi protocols and collateralized debt positions, with lending applications capturing over 80% of the on-chain market.

Aztec Network launched its Ignition Chain on Ethereum mainnet Wednesday, activating a Layer 2 solution focused on programmable privacy. The network reached 500 validators, triggering block production on mainnet. The deployment followed last week's AZTEC token sale announcement.

Balancer disclosed a security exploit on November 3 that resulted in $121.1 million in stolen funds. The protocol recovered or protected $45.7 million through emergency response measures, representing a 38% mitigation rate. BAL token has declined 23.81% to $0.7487 following the incident.

The Sky community has approved the allocation of up to $2.5 billion in USDS stablecoins to support projects developed through the Obex incubator. Framework Ventures is leading a $37 million funding round into Obex and will oversee the initiative focused on generating onchain yield within the Sky ecosystem.

Uniswap generated over $985 million in protocol fees from January through October 2025, averaging approximately $93 million monthly. The decentralized exchange protocol recently introduced a governance proposal implementing fee burns and protocol revenue capture mechanisms, according to The Block's Data and Insights newsletter analysis.

SlowMist identified critical security vulnerabilities in NOFX AI, an open-source crypto futures trading platform built on DeepSeek and Qwen architectures, that allowed attackers to access wallet private keys and exchange API credentials. Binance and OKX worked with SlowMist to identify affected users and revoke compromised credentials by November 17. The flaws affected multiple system versions, with authentication controls failing to protect administrator functions and sensitive endpoints returning API keys by default.

Hyperliquid deployed HIP-3, a framework allowing developers to launch perpetual futures markets without central approval. Co-founder Jeff Yan announced the upgrade alongside initial integrations from TradeXYZ, Ventuals, and Felix Protocol. Each project deployed custom perpetual markets directly on the platform's Layer 1 infrastructure.

Uniswap introduced its Continuous Clearing Auctions (CCA) protocol on November 13, 2025, designed to streamline token launches on its decentralized exchange. The mechanism aims to address liquidity challenges and transparency issues in traditional token launch methods. Aztec Network became the first project to utilize CCA, launching as a privacy-focused Layer 2 solution on Ethereum. The protocol conducts continuous clearing processes that distribute token supply gradually over time through on-chain auctions.

Price manipulation attacks resulted in $42 million in losses across 51 separate incidents during 2025, according to CertiK Alert. The November 12 incident involving Popcat on Hyperliquid demonstrated coordinated manipulation tactics, triggering $63 million in liquidations through artificial buy walls and sudden order withdrawals. CertiK recorded 19 incidents in Q4 alone, approaching Q2's peak of 20 cases.