decentralized exchanges
Coverage of decentralized exchanges in the Nexus archive.
- StablR’s EURR and USDR depeg after attacker mints $13.5 million in unbacked tokens through multisig exploit
StablR’s EURR and USDR stablecoins depegged after an attacker exploited a multisig vulnerability to mint $13.5 million in unbacked tokens, leading to massive sell-offs on decentralized exchanges. EURR dropped to $0.85 and USDR fell as low as $0.40 as the attacker dumped $10.4 million in face value.
- dex slippage is getting ridiculous
The article discusses the issue of high slippage on decentralized exchanges (DEXs), where users are forced to pay excessive fees to execute trades due to flawed routing algorithms. It highlights frustration over capital losses during simple onchain swaps, with users reporting significant financial harm.
- The wrong way to trade $3.85T
Decentralized exchanges accounted for 10% of total crypto trading volume in 2026 so far, while centralized exchanges continue to grow. Total processed volume this year reached $3.85T, with projections of $10T by year-end and $18T next year.