Tether is leading a $150M recovery initiative for Drift Protocol; the plan will also shift the perp DEX's primary settlement asset to USDT on Solana.

The second-largest perpetual futures DEX by volume began the rollout of its mainnet, which uses ZK proofs to keep trades private.

The move comes amid a broader Aptos TVL decline and less than two years after Merkle closed a $2 million seed round with participation from Aptos Labs.

The feature allows CEX users to copy top traders on the largest perp DEX.

The platform’s native token went live late eastern time, catching many traders off guard.

The DeFi protocol is releasing an onchain-offchain hybrid CLOB perp exchange on DeFi’s largest Layer 1.

The funding round, led by Founders Fund and Ribbit Capital, values the company at about $1.5 billion.

Harrison’s Architect exchange will primarily focus on TradFi assets.

With $1.78 billion locked on the platform, Aster processed more than double the trading volume of Hyperliquid on Sept. 24.

Binance founder CZ is promoting a new decentralized exchange, Aster, as Lighter farming ramps up while users flock to find the next Hyperliquid.