News linked to both this project and an event.
Odaily Report: During the Binance attack, an obvious arbitrage opportunity emerged on-chain. According to a community user's review, the attacker, in order to avoid Tether freezing, swapped a large amount of USDT for ETH through DEXs, causing the ETH price on Uniswap to briefly rise to $2,560–$2,750, with some individual trades exceeding $3,000, while Aave's ETH price obtained through the Chainlink oracle remained at $2,250–$2,290. A price gap of 15% to 30% appeared between on-chain and oracle prices, lasting nearly an hour.Arbitrageurs exploited this price gap by depositing USDC/USDT as collateral into Aave, borrowing ETH at the oracle price, then selling it at high prices on DEXs, and buying back ETH to repay the loans once the spread narrowed. According to the user's statistics, within 6 hours after the incident, a total of 61 addresses borrowed ETH on Aave mainnet (excluding the hacker's address). Among them, the most profitable address sold 12,289 ETH at an average price of approximately $2,580, then bought back 12,314 ETH at an average price of approximately $2,297, earning about $3.47 million. The top ten arbitrage addresses collectively profited approximately $6.36 million.The user stated that the arbitrageurs exploited the price disconnection between centralized exchanges and DEXs, and that the Aave contract itself had no vulnerability. As DEX prices fell back and Aave froze the mainnet V3 market, the arbitrage window gradually closed. The above profits are based on transaction-by-transaction on-chain statistics and have not yet deducted Gas fees.
Flap announced on X that it has officially launched the Agent ID token issuance feature, initially supporting Binance Agent ID.According to the official introduction, only wallets holding a qualifying Agent ID can buy and sell tokens on Flap's official joint curve, with a holding cap of 2% per wallet, including developer wallets. Project teams can customize buy/sell taxes and tax distribution, and use Flap Vault to design the token fee mechanism; after tokens migrate to a DEX, all users can participate in trading.
Odaily Reports: Uniswap Labs has launched Aggregator Hooks, integrating external decentralized exchange quotes into its v4 routing system on Ethereum mainnet, Base, and Robinhood Chain within its web app and API. At launch, seven external sources are integrated; Uniswap claims this covers over 90% of DEX activity across supported networks, though it does not guarantee optimal execution for every swap. The routing engine can compare quotes block by block and settle swaps involving both Uniswap and external venues within a single transaction, without requiring additional token approvals for tapping external liquidity. Swaps routed through Aggregator Hooks can generate protocol fees that support UNI burning, and developers can integrate new routes via the Uniswap API; the actual impact on spreads and trading volume still needs to be verified through live trading.
ARK Invest's Q3 2026 DeFi report shows tokenized equities became the main driver of the rebound in on-chain trading activity during the quarter. Spot DEX trading volume for tokenized equities reached approximately $50 billion, about 9x the previous quarter, with its share of total spot DEX trading volume rising from about 1% to about 9%. Overall DEX spot trading volume grew approximately 13% quarter-over-quarter to $571 billion, marking the first increase in nearly four quarters.Robinhood Chain achieved approximately $65 billion in DEX trading volume and $51 million in network revenue in its first quarter live, with network revenue approaching BNB Chain's level over the same period. ARK Invest expects recent gas mechanism adjustments to bring the chain's revenue down from current levels. Total stablecoin supply fell approximately 3% quarter-over-quarter to $309 billion, but adjusted transaction volume grew approximately 16% quarter-over-quarter to $781 billion, while average monthly active addresses increased approximately 39% to 73 million. Perpetual DEX open interest grew approximately 76% quarter-over-quarter to $24 billion, while quarterly trading volume fell approximately 16% to $1.4 trillion; of that, Hyperliquid accounted for approximately $13 billion in open interest, or about 53%.
Odaily reports: Robinhood Chain DEX protocol Fables has announced the launch of the FABLES token, with the FABLES/USDG trading pool open for trading, and points claiming and PROLOGUE redemption also opened simultaneously. After FABLES launched, its market cap reached a peak of $18.67 million; it currently stands at $7.56 million, down about 59.51% from its post-launch high. PROLOGUE currently has a market cap of $1.38 million, down 57.23% over the past 24 hours. Fables previously stated that every 40 PROLOGUE can be redeemed for at least 1 FABLES.
Odaily Report: Roughly half of the market value of the tokenized stocks issued by Coinbase has been deployed into DeFi protocols on the Base network, involving fractional shares of major companies such as Apple and Nvidia, and is open to eligible non-U.S. users on the Base platform. As of the time of reporting, approximately $262.4 million of such assets had been deployed in DeFi protocols, an increase of about 18x from $14.66 million at the start of 2026. These assets can be traded on decentralized exchanges and used as collateral for lending. Coinbase previously disclosed that DEX trading volume of tokenized U.S. stocks on Base reached $1.5 billion over the past 30 days, up 313% from the prior 30 days.
according to Lookonchain monitoring, BTW has risen more than 110x within 5 months after launching on Aster DEX. An address went long 130,578 BTW on Aster DEX with 4x leverage, with a position value of $238,000. It currently has an unrealized profit of $151,000, with a return rate of 253.40%.
Odaily News — Papertrade.xyz, a synthetic perpetual contract DEX built on Hyperliquid HyperEVM, has attracted $118 million in deposits, reaching a total value locked (TVL) of $118 million, with the platform supporting up to 1000x leverage.As of 11:45 AM ET on October 10, data from Papertrade.xyz shows that the platform's 2,349 positions have open interest of approximately $11 billion, but the funds backing these positions amount to only $54 million.The platform does not charge slippage, funding rates, spreads, or traditional notional trading fees. Trades are executed through synthetic swaps between users and a shared protocol liquidity pool. Losing traders receive PAPER tokens, while profitable traders may experience delayed withdrawals when liquidity is insufficient.Papertrade.xyz was founded by Jez and Blurr, who operate under partial anonymity. The project also sold 100 pairs of custom paper pants at $2,000 each, which sold out in approximately 40 minutes, generating $200,000 in sales. (Bitcoin.com News)
Odaily News: According to Hunter Biden monitoring, Hunter Biden, son of former U.S. President Biden, posted the independent investigation results of the LAPTOP token launch incident, stating that he had commissioned forensic firm Groom Lake to verify all transactions on the day of launch. He denied that the team cashed out, saying that the founder tokens remain concentrated in the same wallet and have not been transferred since launch; his personal tokens have been locked for six months and will then be released over two years. He cited the investigation as saying that Market Maker 1 had $500,000 in startup capital, but only injected about $5,200 and fewer than 30,000 tokens into the liquidity pool, with the latter accounting for only 0.003% of the total supply. Extremely low liquidity caused the price to rise from $0.05 to about $317 in less than two minutes, then fall 98% within one hour. Eighty-four seconds after the price peaked, Market Maker 1 withdrew funds during the sell-off, reducing the funds available near the current price to absorb selling from $16,200 to zero. He said Market Maker 1 made about $686,000 in profit from its DEX position, while Market Maker 2 netted more than $2.1 million from related DEX trades, and argued that the market makers responsible for the launch problems should buy back and burn tokens. He said he bears ultimate responsibility, will not exit the project, and plans next week to burn most of the unclaimed tokens from the first airdrop; that airdrop accounted for 10% of the total supply.
Odaily News: Solana tokenized silver project Dominion has announced its shutdown. The team stated that a September security incident led to a large amount of SILV being exploited and sold off, followed by a liquidity collapse, loss of operating capital, and damage to market structure. The capital required for rebuilding now exceeds the project's remaining resources. Dominion has allocated most of its remaining liquid funds to a refund plan, allowing eligible pre-attack SILV holders to exit at $63 per token. SILV was originally designed as a Solana token backed 1:1 by physical silver, with each token corresponding to 1 troy ounce of silver. On September 11, attackers gained control of its 3/5 multisig keys and dumped approximately 46,900 SILV into a DEX with thin liquidity. The notional value before the attack was approximately $3 million, but only about $238,000 was ultimately cashed out.
Robinhood on-chain DEX Fables has announced that FABLES will conduct its TGE on October 20 and simultaneously launch the ve(3,3) mechanism. At TGE, the PROLOGUE reserve, points claims, and liquidity FABLES corresponding to the initial liquidity pool will total no more than 75 million tokens, and team tokens will not enter circulation.The points campaign will continue at a rate of 250 million points per week until October 19; participants must choose between claiming liquidity FABLES or locking them as veFABLES between October 12 and 19, and wallets that fail to complete their selection will lose eligibility to claim. 25 million FABLES will be reserved for PROLOGUE holders, with the claim window opening at TGE and lasting for one month.
Odaily News: On September 30, Byreal, a DEX in the Solana ecosystem, saw its cumulative trading volume surpass $5 billion. Byreal fully launched to the public on September 30, 2025, and today marks the one-year anniversary of its launch.According to previous reports, Byreal's tokenized stock xStocks trading volume exceeded $100 million in the past 30 days, making it the DEX platform with the second-highest xStocks trading volume.
Odaily News: Blockworks analyst Shaunda Devens posted on X that Polymarket's current FDV valuation of approximately $1.5 billion for Variational is somewhat overly optimistic. This pricing directly applies Hyperliquid and Lighter-level valuation-to-revenue multiples to a platform that still relies on points subsidies. By comparison, the median first-day "FDV / annualized revenue" ratio for recently launched Perp DEX tokens is only 6.3x (Variational is currently around 57x), and within the first month after TGE, trading volume typically drops sharply by a median of 54%.Shaunda added that if conservative assumptions based on historical precedents are adopted (using the median first-day "FDV/annualized revenue" ratio of 6.3x), Variational's fair valuation would be only $167 million, corresponding to a points price of $4.8–$5.4. Even using the highest recent ratio precedent (Lighter's approximately 21.1x), its valuation would still only be about $558 million, corresponding to a points price of $16–$18.However, Shaunda also explained: "To be clear, given that current market risk appetite is clearly in a Risk-on state, we do not believe Variational's valuation at TGE will fall to the extremely conservative range mentioned above. These historical multiples are listed to illustrate that current pre-market OTC pricing may be overly optimistic."
Perp DEX protocol Variational posted on X: "With the Swap feature now officially live (and more trading markets continuing to roll out), our next major initiative is the Omni trading API. Previously, all trading could only be done through the frontend interface. Soon, traders will be able to programmatically trade across the 550+ traditional finance and crypto markets already available on Omni."
Odaily reports: According to Spartan Capital monitoring, Robinhood Chain launched its mainnet on July 1, 2026. By the end of August, on-chain TVL had grown to $711 million, with August on-chain gas revenue reaching $6.6 million. The majority of August trading volume came from Uniswap, and on August 31, single-day on-chain fees briefly reached $2.1 million.Robinhood operates the sequencer and receives approximately 90% of on-chain fees; after deducting Ethereum settlement costs and the 10% licensing share paid to Arbitrum DAO, August net revenue was approximately $6 million.Robinhood Earn users deposited USDG and borrowed through Morpho, with deposits growing from $9.5 million on July 1 to $456 million on August 31, accounting for 68% of TVL at the end of the month. Users' estimated annualized yield was approximately 7%, while the lending side yield was approximately 3.7% at the end of August, with the spread subsidized by incentive funds from Morpho and its lending partners.As of the end of August, more than 340,000 tokens had been issued on-chain; Meme tokens paired with Robinhood Stock Tokens recorded $518 million in trading volume in August. Currently, on-chain trading activity is primarily driven by crypto-native users, and Robinhood's 27 million funded accounts have not yet migrated to the chain at scale. Robinhood wallet gas subsidies will continue until September 29, and Earn yields are planned to be gradually reduced.
Odaily reports: a16z and the DeFi Education Fund jointly submitted a proposal to U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce, recommending the establishment of a safe harbor rule that creates a "rebuttable presumption" that decentralized exchange (DEX) protocols and their front-end interfaces do not constitute "exchanges" as defined under the Securities Exchange Act of 1934. On the same day, a16z submitted a separate letter calling on the SEC to establish a registration regime for centralized crypto trading platforms, modeled after the 1998 Alternative Trading System (ATS) rules. Both letters were dated September 14, and three days later, the SEC issued an "innovation exemption" for tokenized equity trading venues.
well-known trader Bonk Guy posted in a TG channel stating that Arc is essentially a stablecoin public chain, and suitable use cases such as stablecoins may be found in the future. Although he has already bought Meme coins on the Arc chain, he plans to hold them for only a few days at most, and emphasized that if participating in Meme coin trading on Arc, it should be treated as a short-term opportunity.Bonk Guy further pointed out that for a long time, Arc has been one of the "best-executed" public chain launches. In the early stages after launch, the project connected to multiple key platforms such as FOMO and DEX Screener, with major launch platforms including Argus, Tolly, Lift, and Long. However, Arc is not the next Robinhood, BNB, or Solana, and users should participate cautiously, noting that treating it as a similar public chain may lead to losses.
Uniswap has announced that Uniswap v2, v3, v4, and UniswapX have integrated Arc, Circle's Layer 1 network built for stablecoin finance, and will serve as its preferred DEX from day one of Arc mainnet launch. Users can swap tokens, provide liquidity, and build applications on Arc through the Uniswap web app, wallet, and API.cirBTC, issued by Circle and backed by its custody-held Bitcoin, is now live on Uniswap. Institutions can mint and redeem it through Circle Mint, while other users can trade cirBTC or provide liquidity for it. Pools has become Arc's official token launch platform. Tokens launched through Pools will enter Uniswap v4 liquidity pools paired with USDC, with liquidity permanently locked and no launch platform fees charged; projects can choose instant launch or a 1-hour Crowd Launch. Developers can also integrate Arc trading functionality into applications or agents through the Uniswap API.
DeFi analyst Jordi in Cryptoland posted on X stating that historical data shows Uniswap's activation of the Fee Switch did not weaken its competitiveness—its market share not only held steady but even increased. Before the fee switch was turned on, Uniswap accounted for 21% of total DEX trading volume; immediately after the switch was flipped, its share remained essentially flat; now, with the onboarding of the Robinhood channel, its share has risen to 31%.Today, Uniswap's value capture capability is also stronger. Protocol monthly revenue started from zero and has now stabilized at around $7.2 million. Compared to its multi-billion-dollar valuation, this figure is not particularly impressive (the P/E ratio remains above 40x), but with market share increasing by 10 percentage points while monthly revenue jumped from zero to $7.2 million, this is absolutely a massive milestone.
Odaily News: Johann Kerbrat, Head of Crypto at Robinhood, posted on X platform that all Robinhood stock tokens are 1:1 backed by securely custodied real shares, and corresponding real shares of the company are purchased simultaneously when tokens are minted. Stock tokens provide economic rights equivalent to dividends and corporate action returns, with related returns reinvested into holdings.Johann Kerbrat stated that physical redemption and voting rights are not yet available, and Robinhood is working to enable 1:1 share redemption and voting functionality for eligible stock token holders. These tokens are composable, allowing developers to build new products on top of them.Additionally, he emphasized that stock tokens are not available to U.S. users and are also restricted in other jurisdictions such as Canada, the United Kingdom, and Switzerland.