DEX

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.

Solana DApp revenue fell to $22 million last month, the weakest reading in 18 months after $36 million two months earlier. SOL is trading around $87, while derivatives indicators show muted positioning, including near-0% perp funding and a 12% options skew that reflects demand for downside protection. A daily close below $87 could leave $80 as the next level to watch, while a recovery would require reclaiming $100.

SOL fell 11% over three days after topping at $97.70 on Monday, and the drop to $87 on Thursday coincided with $25 million in leveraged long liquidations. Derivatives positioning turned cautious, with perpetual funding near 0% and a 12% 30-day options skew, while Solana DApp revenue sank to $22 million—its lowest level in 18 months—adding pressure to a potential $80 retest.

JPMorgan said Hyperliquid has seen rising activity as some non-crypto traders use its 24/7 perpetual futures to get oil exposure during weekends and off-hours. The bank highlighted the WTI crude CL-USDC perp, where daily volume peaked near $1.7 billion in mid-March and open interest climbed to about $300 million, alongside leverage up to 20x.

Injective plans to support native issuance of USD Coin and connect to Circle's Cross-Chain Transfer Protocol to enable direct USDC transfers across supported blockchains. Native USDC is expected to serve as a core collateral and liquidity asset for Injective's trading-focused DeFi ecosystem, while Circle's burn-and-mint design aims to reduce bridge-related risks.

Aave plans to introduce a protection tool called "Aave Shield" that will block swaps with more than 25% price impact after a user lost over $50 million swapping USDT for AAVE through its interface last week. The loss occurred when $50.4 million in USDt was exchanged via CoW Swap but returned only about $36,500 in AAVE due to thin liquidity, infrastructure issues and a sandwich attack by an MEV bot.