Decentralized stock exchanges are gaining ground despite the exploitation of the liquid height of $ 6 million

The exchange of decentralized cryptocurrencies (DeXs) continues to challenge the dominance of central platforms, even with the exploitation of $ 6.2 million on prominent risks in the Dex infrastructure.

The coded currency whale made at least $ 6.26 million on my jelly (Jelly) Memeco by exploiting the liquidation parameters on HyperleliQuid.

Bobby Ong, co -founder of Coingecko, said that the exploitation was the second main accident on the platform in March.

“$ Jellyjelly was the most prominent attack as we saw Binance and OKX a list on charges of coordinating an attack against hypertleiid,” Ong said on April 3. mailAdding:

“CEXES is clearly threatened by Dexes, and you will not see its market share erosion without fighting a battle.”

Dex derivative market grows

Hyperleiid is the eighth largest permanent future exchange through both central and decentralized stock exchanges. This puts it “before some prominent Ogs like HTX, Kaken and Bitmex”, ONG, noting a research on April 4 a report.

Related to: Bitcoin to 110 thousand dollars after that, excessive liquid whale bags of 6.2 million “short” exploitation: the financing was redefined

The growing trading volume of Hyperleliid began to reduce the market share of other central stock exchanges.

Hyperleiid is the 12 largest derivative player, with an open interest in more than $ 3 billion over 24 hours-although it still tracks Binance 19.5 billion dollars by a big difference, by a big difference, Coingecko Data appears.

According to Bitget Research Ryan Lee, the accident may harm the user’s confidence in the emerging decentralized platforms, especially if the procedures that were conducted after dispensing with them are excessively central.

“The intervention of hyperliquid – which has been criticized as central despite its decentralized spirit – may make investors cautious about similar platforms,” ​​he told me.

The whale takes advantage of logic trading in the whale

The unknown excessive whale whale managed to take advantage of Hyperliviid filtering parameters by spreading millions of dollars from trading positions.

The whale has opened two long jobs worth $ 2.15 million and $ 1.9 million, and a short form of $ 4.1 million to make up effectively, according to post -death by the Blockchain Archham Analysis Company.

When the price of the gel increased by 400 %, the short center of 4 million dollars was not filtered immediately due to its size. Instead, it was absorbed into the Vault fault (HLP), designed to liquidate large places.

Related to: Polymarket audits face more than $ 7 million

As of March 27, the unknown whale still retains 10 % of the total supply of Memecoin, worth about $ 2 million, despite the freezing of the liquid mix and its condition on the MIMON, noting “evidence of the suspicious market activity” that includes commercial tools.

The excessive liquid exploitation occurred two weeks after the Wall Street, which was launched by Mimia Mim (Melania) and the tumor participating in the distinctive symbol, Hayden Davis, after more than 99 % after its launch with 80 % supplies.

https://www.youtube.com/watch?

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