DEX

Since US spot Bitcoin ETFs debuted in January 2024, on-chain activity has cooled even as institutional allocations rose, according to financial analyst Jacob King. Market watcher Crypto Seth says net inflows into BlackRock and Fidelity's BTC ETFs have been muted since October 10, 2025, despite US equities trading near record levels and a shift in Federal Reserve policy. At the same time, Mintlayer and RioSwap are introducing infrastructure meant to route BTC directly into decentralized markets without wrapping, with the goal of preserving user control.

Binance Futures suspended a group of employees after a December 7, 2025 internal audit flagged suspected misuse of insider information linked to an official X post published less than a minute after a token launch at 05:29 UTC, according to the platform. The token, called Year of Yellow Fruit, continued to trade with decentralized liquidity and reached about a $5M market capitalization.

On December 8, 2025 in New York, Sonami unveiled $SNMI, which it describes as the first Layer 2 token on the Solana blockchain, aimed at improving reliability and transaction efficiency during periods of peak demand, according to a Chainwire announcement. The project’s Layer 2 design bundles multiple user interactions into single transactions that settle on Solana’s Layer 1 to reduce congestion. A presale is underway, with a Token Generation Event and listings on decentralized and centralized exchanges planned after the presale.

Kamino, a Solana-based lending platform, blocked Jupiter Lend's migration tool on December 7 over concerns about risk framework transparency. The move has sparked debate within Solana's $5 billion lending market. Solana Foundation President Lily Liu called on both platforms to prioritize collaboration over conflict, noting that Ethereum's lending market is roughly 10 times larger.

Jupiter Exchange withdrew marketing statements about its lending protocol after acknowledging the use of asset recollateralization. COO Kash Dhanda admitted prior claims of zero contagion risk were inaccurate. Competitor Kamino Finance blocked Jupiter Lend's migration tool in response to the controversy. JUP token traded at $0.23 on December 7, 2025, reflecting a 33.06% decline over 30 days.

Cloudflare experienced a service disruption on December 5, 2025, affecting major websites including government portals, LinkedIn, and cryptocurrency platforms such as Coinbase. The company deployed a fix within 10 minutes after detecting elevated error rates in Workers scripts at 09:38 UTC. Solana-based protocols including Jupiter Exchange and Raydium reported user interface failures, though backend systems remained operational.

Lighter, an Ethereum-based decentralized perpetual exchange valued at $1.5 billion, introduced spot market trading starting with ETH on Thursday. The platform processed $292.5 billion in trading volume during November, becoming the highest-volume perpetuals protocol that month. Lighter plans to add additional spot markets in the coming days.

Monad's blockchain processes 2.2 million daily transactions and holds $277.5 million in DeFi total value locked since its mainnet launch. Data show 75% of assets bridged to the network have moved to other chains, according to WormholeScan. The MON token has declined 28% over the past week despite generating $100,000 in fees during its first seven days.

Aave's governance community is considering shutting down protocol deployments on three blockchain networks that have underperformed financially. The Aave Chan Initiative proposed in late November to deprecate instances on zkSync, Metis, and Soneium, citing revenues insufficient to justify operational costs and risk exposure. The proposal includes establishing a $2 million annual revenue minimum for future chain deployments.

Aave V3 deployed on Mantle Network on December 2, bringing lending infrastructure to the Layer-2 platform. A governance proposal shows the DAO is considering shutting down deployments on zkSync, Metis, and Soneium, which generate between $3,000 and $50,000 in annual revenue. The proposal also sets a $2 million revenue threshold for future chain expansions.