DeFI News by Thebittimes.Com

PriveX, a privacy-first perpetual decentralized exchange (Perp-DEX), has officially launched on the COTI mainnet, as per reports shared with Finbold on Wednesday, June 4. The platform combines intent-based trading execution with private infrastructure to support both manual traders and autonomous AI agents. The launch brings a new DeFi primitive to COTI’s ecosystem, with PriveX aiming to offer a centralized exchange (CEX)-like experience on fully decentralized rails. Intent-based trading  At the heart of PriveX is an intent-based execution system designed to dynamically match trader instructions with available liquidity, whether sourced from decentralized exchanges or major centralized venues like Binance. Execution is handled by Symmio’s solver network, while trade visibility is protected using COTI’s Garbled Circuits privacy layer. This setup ensures strategies remain hidden until execution, reducing slippage and front-running risk. Shahaf Bar-Geffen, CEO...

A widely followed crypto strategist thinks several fundamental factors are conspiring to send the layer-1 protocol Hyperliquid (HYPE) to much higher valuations. Pseudonymous analyst Flood tells his 255,500 followers on the social media platform X that he’s bullish on the decentralized exchange even after HYPE printed a new all-time high of $39.68 yesterday. According to the analyst, HYPE is “still cheap” when you take into account the platform’s growth trajectory in the decentralized exchange space. “Why do you still get paid on buying HYPE at $39: – Lots of normies unable to buy, these people cannot figure out how to get on-chain – Spot not listed in any tier-one exchange – Claiming token is expensive here is not pricing in any growth, while Hyperliquid’s been growing open interest double-digit percentage week-over-week – $770,000,000 at present revenues of buybacks (market buys) – Exchanges a...

Base Dawgz ($DAWGZ) concluded its token presale on Thursday, successfully raising nearly $3.2 million after a little over two months of fundraising efforts.  The project’s native token, $DAWGZ,  is slated to debut on a decentralized exchange (DEX) on September 4 at 5 p.m. CET. Before $DAWGZ becomes available to the broader crypto trading public, early contributors have a final opportunity to purchase tokens at the listing price of $0.008582.  This early investment positions them advantageously, as $DAWGZ is anticipated to experience a significant price increase once trading begins. For those still deliberating, now is the time to act. With its impressive presale funding and the potential to emerge as the Shiba Inu ($SHIB) equivalent on the Base network, $DAWGZ is poised for significant price appreciation. The Base Network Needs More Canine-Themed Tokens In The Top 10 Since its inception, the Base network ha...

SOL, AVAX and DYDX rank among the top-performing altcoins this month. Cointelegraph investigates what is behind the move. On Nov. 15, several altcoins continued to show strength alongside Bitcoin (BTC), which notched an intra-day high at $37,400. Leading into the week, DYDX, Solana’s SOL (SOL) and Avalanche’s AVAX (AVAX) currently reflect double-digit gains , with each chasing after new year-to-date highs.  The sustained bullish price action from altcoins has led some analysts to declare the arrival of an altcoin season, and at the time of writing, the total market capitalization of the altcoin market has hit a 2023 high at $659.5 billion. Altcoin price rallies typically involve a slew of factors, some being sentiment-based and others based on project fundamentals. Let’s look at a few of this week’s top market performers to see what catalysts underlie their growth. dYdX fee switch boosts price The platform behind the DYDX token is dYdX, a decentralized exchange that offers futures co...