DEX

Wormhole Labs has launched Sunrise, a liquidity gateway designed to facilitate seamless transfers of external assets to the Solana network. The platform debuts with support for Monad's MON token, which begins trading tomorrow. Sunrise utilizes Wormhole's Native Token Transfers framework to provide unified liquidity across Solana-based decentralized exchanges.

Coinbase announced on November 21 the acquisition of Vector.fun's team and technology, while the Tensor Foundation retained the NFT marketplace and TNSR token. TNSR surged 11-fold from $0.0344 to $0.3650 between November 19 and November 20 before dropping 37.3% to $0.1566 within 24 hours. The price action raised questions about potential information asymmetry ahead of the announcement.

Aerodrome and Velodrome, leading decentralized exchanges on Base and Optimism, reported front-end compromises early Saturday morning. Both platforms warned users to avoid primary domains and use decentralized mirror links while investigations into the DNS hijack continue. Smart contracts remain secure and unaffected.

Aerodrome, the largest decentralized exchange on Base blockchain, has issued a security alert regarding a DNS hijacking incident affecting its main domains. Two decentralized mirrors remain accessible, while centralized domains (.finance and .box) are still compromised. The platform confirmed smart contracts remain secure.

Coinbase finalized the acquisition of Vector.fun, a Solana-native trading platform, on November 21, 2025. The deal integrates Vector's technology into Coinbase's decentralized exchange infrastructure while bringing the 13-member team onboard. Vector.fun specializes in low-cost perpetuals and spot trading on Solana, which recorded over $1 trillion in DEX volume in 2025.

Coinbase announced Friday its agreement to acquire Vector, a Solana-based trading platform. The deal will integrate Vector's onchain indexing technology into Coinbase's consumer trading systems and DEX routing capabilities. Solana decentralized exchanges processed over $1 trillion in volume in 2025, according to Messari.

Coinbase has agreed to acquire Vector.fun, a Solana-based trading platform developed by Tensor Labs, for an undisclosed sum. The deal, expected to close by year-end, represents Coinbase's ninth acquisition in 2025. Vector's technology will be integrated into Coinbase's decentralized exchange infrastructure to expand access to Solana ecosystem assets.

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.