DEX

EDGE fell to an all-time low of around $0.40 on June 1 after previously reaching $1.54, with the move erasing about 51% in a single day and sparking roughly $6.2 million in liquidations. edgeX said the protocol was not compromised and blamed suspected external market manipulation, while on-chain researcher ZachXBT questioned the token's supply concentration and criticized the project's self-investigation.

On June 1, Uniswap (UNI) fell 2.30% and broke below the $3.02 support it had held since February, with the token trading around $2.97 over the past 24 hours. Trading volume rose 35% to $110.95 million as derivatives positioning tilted bearish, including a 0.91 long/short ratio and nearby liquidation levels at $2.91 and $3.09.

On May 27, 2026, Intercontinental Exchange CEO and founder Jeffrey Sprecher said at the Bernstein Strategic Decisions Conference that Hyperliquid is "bigger than Nasdaq," pointing to its scale despite a core team of 11 people. The piece contrasts that claim with token and equity valuations, then shifts to activity metrics such as roughly $180B in monthly volume and more than 70% share of the decentralized perpetuals market. It also flags regulatory uncertainty for U.S. and U.K. users and highlights upcoming dates including June 11 and the June 30, 2026 MiCA deadline.

OpenZeppelin co-founder and former CTO Manuel Aráoz said DeFi is unsafe and said he has privately advised friends and family to exit major "blue-chip" protocols. Industry figures including 0G Labs CEO Michael Heinrich and Cysic founder Leo Fan disputed the framing, citing about a 98% improvement in DeFi lending security since 2020 and daily loss rates near 0.001% on major lending protocols. They argued security is shifting toward continuous, machine-speed defenses and that regulators should prioritize operational security over a narrow focus on code.

Americanfortress has rolled out a beta of its compliance-oriented privacy infrastructure on Arbitrum, adding stealth-address tooling and name-based transfers aimed at institutional and high-volume DeFi use. The company says Arbitrum holds more than $15 billion in total value locked, and the beta includes a “Receive on Arbitrum Privately” campaign that will grant the first 500 eligible participants a lifetime FortressName.

Alephium said its TokenBridge on Ethereum was exploited, with roughly $815,000 drained after an attacker minted 13.76 million wrapped ALPH from forged transactions. The team urged liquidity providers to pull funds from ALPH pools on Uniswap and PancakeSwap and avoid swapping against those pools while the bridge remains shut down.

More than 1,400 liquidity pools linked to legacy DxSale contracts on BNB Chain were emptied in a $7.3 million exploit flagged on May 29. Investigators said some proceeds, including 2,958 BNB worth $1.87 million, were funneled across wallets and routed through services such as AnySwap before reaching Binance deposit addresses. DxSale had not issued a public statement at the time of reporting.

Gravity Bridge, an Ethereum–Cosmos cross-chain bridge, lost about $5.4 million on May 30, 2026 in an incident on-chain analysts tied to a possible bridge contract key compromise. The attacker took mostly USDC alongside ETH, USDT, and PAYG, and later swapped much of the stolen assets into native ETH. Parts of the funds were reported to have moved through ChangeNow and Binance, while a large balance was still held in ETH at the time of reporting.

On May 29, 2026, the CFTC approved KalshiEX's BTCPERP, a bitcoin-referenced perpetual futures contract designed to trade 24/7 and settle in cash to CF Benchmarks' Bitcoin Real Time Index (BRTI). The agency also described a case-by-case approach for perpetual listings and outlined conditions under which registered FCMs may access certain foreign perpetual markets via affiliates. Together, the steps introduce a regulated U.S. pathway that could compete with onchain perpetual DEXs for institutional and U.S. client flow.

UNI continued to fade as selling pressure kept the token from regaining higher levels, with price trading near $3.02 after breaking prior support. Binance flow data showed a sharp shift, including a 7-day average netflow of +145,829 UNI and single-day inflow spikes of 1.8 million UNI (May 25) and more than 3.1 million UNI (May 27). The setup leaves traders watching whether these deposits translate into heavier selling or reverse into outflows as buyers absorb supply.