How Automated Market Makers Replace Order Books with Math
Learn how automated market makers work, from the constant product formula to liquidity pools. Understand AMM risks, slippage, and why they power DeFi.
Learn how automated market makers work, from the constant product formula to liquidity pools. Understand AMM risks, slippage, and why they power DeFi.
The Clearing House and seven U.K. banks picked Quant on the same day. U.K. banks went live with customer transactions while the U.S. network targets 2027.
Plasma released 1.81 billion XPL tokens on September 25, worth $160 million. Traders positioned ahead and the price climbed 20% over seven days.
KelpDAO filed a lawsuit claiming LayerZero endorsed a vulnerable setup in 2024. LayerZero says it always recommended the opposite. The hack cost $292M.
Restaking lets validators secure multiple protocols with one stake. The April 2026 Kelp DAO hack showed how layered yields create cascading failures.
ZetaChain voted 99.4% to shut down its Layer 1 blockchain and migrate ZETA to Solana at 1:1. The token surged 64% on news that typically crashes valuations.
Flash loans let you borrow millions in DeFi with zero collateral, use the funds, and repay in seconds. One transaction executes it all or nothing.
A hacker drained $7.73M in rsETH from an Ethereum wallet. An MEV bot paid $47,000 in gas to front-run the transaction and took 99% of the funds.
Linea's dual burn only fires on the fee surplus left after Ethereum costs, and the chain earns about $1,200 a day while 47.5 billion tokens stay locked.
Solana app revenue hit $143 million in August against Ethereum's $47 million, but the fees come from memecoin launchpads and the top one keeps moving.
The revised CLARITY Act splits DeFi into two legal classes and aims CFTC registration at protocols that only look decentralized, days before a Senate vote.
Ethereum staking just passed 35% of supply with the exit queue near empty, but the yield is at a three-year low and one firm has staked 5 million ether.
Aptos hit an all-time low on August 30, then unlocked 11.31 million more APT, with close to 60% going to insiders and most of the supply still to come.
An Arbitrum committee moved to ban three teams over 457,553 ARB in misused grants, but the proposed penalty cannot freeze wallets or claw back the funds.
A double-spend on the Nomic bridge left 36% of Osmosis Alloyed BTC with no bitcoin behind it. Validators froze 22.65 BTC, and a real gap remains.
MEV, or maximal extractable value, is the profit bots make by reordering your Ethereum transactions. How sandwich attacks, searchers, and MEV-Boost work.