Data released by Uniswap revealed the platform’s scale in decentralized spot trading. According to information shared by Wu Blockchain, the data was provided by DeFiLlama Research.

The protocol processed over $70 billion in trading volume over the last one-month period. This figure was higher than the combined volume of the top three DEXs following Uniswap in volume rankings.

Uniswap Leads in Decentralized Spot Trading

The comparison showed that Uniswap not only reached a high monthly volume but also possesses a trading scale larger than the sum of its three closest competitors.

Uniswap presented this result as an indicator of its liquidity and volume leadership in the decentralized spot trading market. The statement indicated that trading activity on the platform has remained strong recently.

Uniswap Surpasses the Combined Total of Its Three Largest Competitors: Volume Exceeds $70 Billion isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Perpetual futures based on real-world assets (RWA) are becoming a major trading segment on-chain. According to Castle Labs data reported by Wu Blockchain, volume rose from $0.8 billion in October 2025 to $123 billion in August 2026.

Monthly volume remained above $100 billion during the June-August 2026 period. It peaked in July at $147 billion, the highest level in the series.

RWA trades took a significant share of on-chain volume

The share of RWA perpetual futures in total on-chain perpetual futures volume hovered between 12% and 13% for most months. In July, this rate reached approximately 20%.

According to an September 8 chart from Castle Labs based on DefiLlama data, monthly volume grew from $22 billion in January 2026 to $118 billion in June 2026.

The current open interest in RWA perpetual futures stands at approximately $4.9 billion. About 90% of these positions are concentrated on TradeXYZ and Variational. Thus, despite high trading volume, the majority of open interest is concentrated on these two platforms.

On-Chain RWA-Based Perpetual Futures Volume Grew Approximately 120x isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to a post-mortem report published by Cronos on Tuesday, validators restored the chain to its pre-exploit state to recover funds that had fallen under the attacker’s control. This move recovered **$111.2 million**, but it also reversed user transactions unrelated to the attack.

The attack occurred on August 30 on Tectonic’s lending platform. The attacker **pumped the price of Tectonic’s native token, TONIC, by approximately 100x within minutes due to low liquidity**. Then, using the inflated collateral, they executed a **$120.4 million loan** across nine different markets in a single transaction. Cronos halted the network approximately two hours later.

Cronos Reverses 10,961 Blocks

While restarting the network, validators rolled back **1 hour and 54 minutes of chain history** following the attack. A total of **10,961 blocks** were reversed during this process. The reversed transactions included transfers and smart contract operations unrelated to the exploit.

As the chain resumed operation, open positions were repriced. This situation may require users transacting on Cronos to re-verify their transactions. In particular, it could create additional reconciliation needs for **bridges and applications** that acted on the assumption that a Cronos transaction had been finalized.

Not all funds were recovered. **$9.19 million**—approximately 7.6% of the total affected amount—that left Cronos before the network was halted could not be retrieved. Block production resumed approximately 11 hours after the attack.

Cronos stated that the decision was made in conjunction with validators, and the alternative was to restart the network without restoring it to its previous state. This option would have meant preserving the borrowed assets held by the attacker. The rollback move recovered the majority of the funds but also demonstrated that transaction finality on the network depends on the collective decision of validators in emergency situations.

Cronos Recovers $111 Million: User Transactions Also Reversed Across 10,961 Blocks isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

The Cronos network halted transactions following the detection of an exploit on Tectonic, the largest lending protocol associated with Crypto.com. On-chain researcher Weilin Li estimated the impact to be approximately $75 million, though this figure has not yet been confirmed by Tectonic or Cronos.

According to reports from The Block, Tectonic held approximately $121.7 million in total value locked (TVL) and $82.7 million in active loans prior to the incident. Cronos halted the network after detecting the attack. Tectonic, in turn, requested its users not to interact with the protocol.

TONIC Price Inflated for Collateral

According to Li’s on-chain analysis, the attacker inflated the price of the TONIC token, which has low trading volume, by 100x in approximately 20 minutes. The attacker then used the artificially inflated price as collateral to borrow other assets from Tectonic.

The mechanism used by the attacker involves pumping the price of a low-liquidity asset in a short period and using this value as collateral for borrowing. Li noted that there were approximately 364.6 trillion TONIC tokens in the attack position, and these tokens were pumped to a level that would support the estimated debt amount.

The researcher initially calculated that approximately $66 million in assets had been seized. Later, another $8 million was found at another address linked to the attacker, raising the total estimate to $75 million. However, the attacker was only able to move approximately $6 million to Ethereum before Cronos was halted. Thus, the majority of the affected assets remained on Cronos.

Crypto.com CEO Kris Marszalek announced that the company’s app and exchange were not affected by the attack and that the security team is assisting with the investigation. No timeline has yet been shared regarding when Cronos will be operational again.

Cronos Network Halts: Only $6 Million of Estimated $75 Million in Assets Transferred isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

According to the announcement shared by Wu Blockchain, the Ethena Foundation has purchased the locked tokens of several major early-stage investors who sold ENA over the past nine months and has reached an agreement on a new framework that will strengthen the economic rights of token holders.

The first step involves the purchase of all locked ENA tokens held by specific seed investors who had been selling. No amount was disclosed for the transaction in the announcement. This establishes a new arrangement for the locked tokens belonging to this investor group.

Governance voting begins for ENA buyback

The Ethena Foundation and Ethena Labs have also reached an agreement that allocates the protocol’s intellectual property and the ownership of value derived from the protocol to the Foundation. This structure envisions a model where token holders exercise control through governance, and residual cash flow from the protocol will not be transferred to equity investors in the Labs company.

One of the most notable points of the announcement was the governance proposal launched for the ENA buyback. If the proposal is accepted, net revenue generated from all business lines under the Ethena brand will be used to programmatically purchase ENA. The proposal is currently open for voting, and the Foundation’s post stated that it has been approved by the Risk Committee.

The Foundation and leading investors also aim to eliminate potential supply pressure from future monthly investor token unlocks. Accordingly, while unvested investor tokens are planned for release, team tokens will remain locked based on the initially determined vesting schedule.

Two Moves for ENA in Ethena: Certain Locked Tokens Purchased, Buyback Up for Vote isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Decentralized finance protocol Moonwell has launched an investigation into the MAMO Core Market on Base. Security firms stated that the attacker may have artificially altered the collateral price of the low-liquidity MAMO token to obtain a borrowing capacity higher than its normal value.

To prevent further risk, Moonwell reduced the new borrowing limits for all Core Markets on Base to 1 wei. This effectively prevents users from taking out new loans from these markets. The protocol also reduced supply limits for MAMO and WELL to the same level; no changes were made to other supply limits.

Allegation of borrowing cbBTC via MAMO price

PeckShield estimated that approximately $8.7 million worth of funds were withdrawn in the potential exploit, reporting that the funds were consolidated in DAI at a single address. According to the mechanism reported by CertiK, the attacker manipulated the price of MAMO used as collateral and then borrowed actual cbBTC from the mCBTC market. Blockaid also detected a similar attack method.

In an X post, Moonwell announced that it is investigating the development and will share more information as it becomes available. Moonwell’s WELL token has lost approximately 13% in the last 24 hours, while MAMO has dropped by approximately 9%.

Estimated $8.7 Million Loss at Moonwell: Borrowing Restricted on Base isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

The smart contract pools holding user funds for the DeFi lending protocol Term Labs were drained by exploiting the protocol’s governance mechanism. These vaults function as fund pools where users deposit assets used in lending transactions. According to information shared by Wu Blockchain, PeckShieldAlert, and CertiK Alert, the attack occurred today.

A governance exploit means the attacker abused decision-making authority within the protocol to redirect the movement of assets in the vaults to their own advantage. This method can simultaneously affect multiple pools where user funds are held. Initial on-chain calculations recorded approximately 2,843 ETH along with 1.6 million DAI in the attacker’s address. The total loss was calculated to be approximately $8.5 million.

Attacker’s address was funded via Tornado Cash

On-chain transaction records shared by PeckShieldAlert showed that, in addition to approximately 2,843 ETH, 1.68 million USDC was withdrawn. The post stated that this USDC amount was swapped for approximately 1.68 million DAI, and the DAI is being held in the address under the attacker’s control. Thus, it was observed that a portion of the stolen assets was converted into a different stablecoin after the attack.

It was reported that the attacker’s address was initially funded with 2 ETH via Tornado Cash. This transfer was recorded as the first funding activity of the address prior to the attack. Term Labs announced that they are continuing their investigation into the incident and will share more details regarding the review.

Term Labs Suffers $8.5 Million Loss: 2,843 ETH Found in Attacker’s Address isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

While publicly traded digital asset treasury companies faced pressure on their balance sheets due to the downturn in the cryptocurrency market, Hyperion DeFi bucked the trend. The company reported $31 million in net income for the second quarter of 2026. This figure was more than triple the $8.8 million record from the previous quarter.

The gross value of Hyperion’s HYPE assets increased from $71 million at the end of the first quarter to $133 million. Consequently, the company broke its net income record for the second consecutive quarter. In contrast, it had reported a net loss of approximately $9 million in the same period last year.

Hyperion DeFi Grows HYPE Assets

CEO Hyunsu Jung stated that the company is not only growing its HYPE treasury but is also developing scalable businesses, products, and services on Hyperliquid, doing so while reducing costs over time.

Following the results, Hyperion entered into an agreement with Entropy, the creator of HIP-3 markets, committing to lock 500,000 HYPE tokens on the network. The company will also allocate 500,000 HYPE to Skew Technologies to support the planned HIP-4 outcome markets. These agreements provide the necessary token collateral for parties seeking to establish decentralized HIP-3 markets.

Hyperion announced that it terminated its agreements with Native Markets and Felix following the discontinuation of the USDH stablecoin, which freed up 800,000 HYPE tokens for other use cases. The company held approximately 2 million HYPE at the end of the second quarter. At the time of writing, HYPE was trading at $56.14, up 3% on the day, while Hyperion shares gained approximately 5% in the after-hours market.

Hyperion DeFi Hits Record as Crypto Market Slumps: Net Income Surges to $31 Million isimli makale Selim Kuşçu tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Harmony confirmed that its network, which provides infrastructure for DeFi applications, was exploited at the start of the Asian session. The attacker minted 4 billion ONE via empty blocks, representing approximately 26% of the circulating supply. As roughly 2.8 billion ONE were transferred to exchanges, the ONE price dropped by as much as 40%, hitting record lows.

Focus is now on the July US CPI data to be released at 12:30 UTC. The market expects the data to be a directional driver for risk assets. Bitcoin has been trading around the $63,900 level, up 0.23% since midnight, while the Fear and Greed Index remained at 38.

Short positions rise ahead of CPI

While no direct causality can be established between the exploit and CPI, derivatives data pointed to cautious positioning. While total futures trading volume and open interest remained flat, the share of shorts in taker trades—which pull liquidity via market orders—rose to 51.36%, reversing the long dominance seen at the start of the week.

A 6% increase in open interest while the price of AVAX fell indicated that the weakness was supported by the futures market. CVD, which measures net market order flow, reached its most negative level among major assets, signaling that short selling has become more aggressive. DOGE open interest climbed to 17.2 billion tokens, hitting its highest level since October; with the price remaining flat around 7 cents, the risk of a sharp, directionless move remained high.

$70,000 level watched in Bitcoin options

BVIV, which measures Bitcoin’s 30-day implied volatility, eased from 38.66% on Monday to 37.5%. Low short-term option volatility suggested that a major post-CPI shift is being priced in conservatively, though the risk associated with the data may be underestimated.

The $70,000 call option reflecting bullish expectations was the most traded contract on Deribit for the second consecutive day. Demand also increased for BTC strangle trades—a strategy involving buying both puts and calls simultaneously—indicating that some investors are pricing in sharp volatility rather than a specific direction.

ONE Plunges 40% Following Harmony Exploit: Short Positions Gain Momentum Ahead of CPI isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

One of the leading figures in the cryptocurrency market, Bitwise CIO Matt Hougan, argues that a silent but deep revolution is taking place in the world of decentralized finance (DeFi). In an interview on July 30, Hougan emphasized that DeFi projects are moving beyond being mere governance tools and that platform revenues are starting to flow directly to token holders. This change is fundamentally altering the way DeFi assets are valued while opening the doors to a new era for investors.

Hougan cites the Hyperliquid platform as the most concrete example of this transformation. Hyperliquid, which uses a massive 99 percent of its platform revenue to buy back its own token, is receiving great praise from the market. Similarly, Uniswap (UNI) is strengthening its value capture mechanisms, while Aave is moving towards a more integrated structure by eliminating the distinction between company equity and the token. Projects such as Morpho and Chainlink (LINK) are also joining this movement by improving their tokenomics structures.

A New Era in DeFi Tokens: The Shareholder Model

According to Hougan, this structural change brings DeFi tokens to a position similar to corporate shares in the traditional financial world. Now, token holders do not just vote on the project’s future; they also receive a financial share of the platform’s success. This allows tokens to become real income-generating assets rather than just speculative tools.

However, the renowned executive states that the market has not yet fully realized this critical development and has “not woken up.” Noting that many DeFi assets still remain at low valuations despite this new model, Hougan points out that balances could shift as the market begins to price in this structural change. This implies that under current market conditions, some assets are trading well below their intrinsic value.

Bitwise CIO Matt Hougan Explains the Silent Revolution in DeFi Altcoins: The Market Has Not Woken Up Yet isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Ether.fi, one of the largest staking platforms in the cryptocurrency world, has made a fundamental change to its flagship product, weETH. Managing approximately $3.55 billion in customer assets, the protocol separated the restaking feature from weETH, offering investors a clearer range of choices. With this move, weETH will now only earn basic Ethereum staking rewards, while users who wish to take on higher returns and the accompanying additional risks must opt for a new token, weETHs.

This structural change allows investors to determine their risk management according to their own strategies. Previously, weETH holders had to take on the complex risks associated with the restaking mechanism, whether they wanted to or not. Now, users can freely choose between basic staking—a safe harbor—and high-risk restaking, like travelers heading in opposite directions at a crossroads.

New Debate in Ethereum Staking Rewards

Ether.fi’s strategic move coincides with a period of intense debate regarding reward mechanisms on the Ethereum network. Ethereum Foundation researchers presented a plan suggesting that rewards be halted once half of the total Ethereum (ETH) amount on the network is locked. The current system is criticized for the fact that rewards continue regardless of how much the staked amount increases, leading to the concentration of assets in large institutions. In the proposed new model, rewards are aimed to be completely zeroed out when the staked amount reaches the 60 million level.

Ether.fi founder Mike Silagadze reacted strongly to this proposal, arguing that the new regulation would push small investors out of the system and weaken staking-based products. The protocol’s financial data shows that growth continues; Ether.fi managed to generate $223 million in transaction fees and $51 million in revenue on an annualized basis. In the second quarter, another notable detail was that only $30,000 worth of shares were transferred to ETHFI token holders via buybacks on the platform, which announced $41 million in gross revenue.

Ether.fi’s Critical $3.55 Billion Move: Investors No Longer Forced to Take That Risk isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.

Hyperliquid, one of the most prominent protocols in the decentralized finance (DeFi) world, solidified its position in the sector with its newly released second-quarter data. The real-world asset (RWA)-focused perpetual futures contracts offered under the platform’s HIP-3 protocol have quickly become a primary focus for investors. These contracts, which accounted for only 1.8% of the total trading volume just two quarters ago, reached a 32.2% share in the latest report, becoming the platform’s main growth driver.

According to Hyperliquid’s quarterly report, the trading volume of RWA contracts reached $213 billion. This figure represents approximately one-third of the platform’s total volume. Achieving strong results on the financial performance side as well, the protocol generated $169 million in revenue during the second quarter. While a significant portion of this revenue—$141 million—was used for buyback operations, the platform’s total cumulative revenue surpassed the $1 billion mark, clearing a major milestone.

RWA Adoption Accelerates in the DeFi World

Institutional interest is also increasing for HYPE, the platform’s native asset. During the period, three different HYPE ETFs began trading, while investment funds and treasuries now hold approximately 7.7% of the total HYPE supply.

These figures prove that Hyperliquid has evolved beyond being just a trading platform into an RWA-focused financial giant. The process of moving traditional financial assets onto the blockchain has reached a new dimension through the liquidity and trading variety offered by the platform. In particular, buyback strategies and the participation of institutional funds are directly contributing to the ecosystem’s sustainable growth.

Historic Report from Hyperliquid: RWA Share Surges to 32.2% as Revenue Surpasses $1 Billion isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.