Concluding Demex Points: The DMX Conversion & What Comes Next When we introduced Demex Points in early 2024, we wanted the time, capital, and conviction our community put into Demex to carry forward and be recognized. Today we're sharing how we're closing out the Demex Points chapter and honoring that commitment. This will also complete the
Nitron: Update to Liquidation Process Dear Demex Community, Following feedback from Nitron users and community members, we want to provide an update to the previously scheduled resumption of liquidations on Nitron (3 July 2025). The proposed change is meant to protect as many users as possible from further losses, especially those with larger positions. Rather
nLEND Redemption Platform Launch Update We are preparing to launch the nLEND redemption platform tomorrow, June 26, 2025, provided there are no last-minute technical issues.
Nitron Update: nLEND Platform & Restitution Progress We want to provide a follow-up to our previous update on the Nitron restitution progress.
Nitron Exploit Update: Recovery, Restitution & Next Steps Since the Nitron lending market exploit, we've been working tirelessly on recovery, and formulating a fair restitution plan. Here’s a comprehensive update on what we’ve done so far, how we plan to compensate affected users, and what we’re building next to ensure this never happens
Nitron Exploit Post-Mortem: What Happened, What Was Lost, and What’s Next On May 16th, Demex's lending markets (Nitron) were exploited, resulting in a loss of $950,559 in user funds. The exploit was isolated to Nitron — no user funds in spot or perpetual trading were affected, and those services remain fully operational. This post outlines what happened, how it
User Pools Trade with More Collateral, Earn Shared Profits. What Are User Pools and How Can They Improve Your Trading? User Pools are an innovative way for traders to manage and expand their perpetual trading strategies on Demex. Whether you're looking to trade larger positions or earn passively through managed
Events and Promotions Featured Mantle Rewards Are Here: Stake $MNT, Trade Perpetuals, and Qualify for the $DMX Airdrop Stake 200 $MNT, trade $1,000+ on Demex perps, and you could win 15,000 Demex Points toward the $DMX airdrop. Live from Mar 28 to Apr 18.
Crypto News Demex Daily #378: Celo Becomes Ethereum L2 for Greater Security and Liquidity What’s Interesting Today: Celo has transitioned from a layer-1 blockchain to an Ethereum layer-2 protocol using optimistic rollups. The move enhances Celo’s security, scalability, and composability with Ethereum-native applications while maintaining one-second block times and low transaction costs. By leveraging Ethereum’s network effects, Celo gains access to
Crypto News Demex Daily #377: BlackRock Expands Bitcoin ETP and Tokenized Assets What’s Interesting Today: BlackRock has launched the iShares Bitcoin ETP (IB1T) in Europe, listing it on German, French, and Dutch exchanges, with Coinbase providing custody. This follows the success of its U.S. Bitcoin ETF, which has attracted nearly $40 billion in net inflows. BlackRock’s crypto offerings continue
Crypto News Demex Daily #376: Berachain Redefines Block Rewards with Proof of Liquidity What’s Interesting Today: Berachain’s Proof of Liquidity (PoL), launched on March 24, introduces a dual-token model where BERA secures the network and BGT governs rewards. With 37 reward vaults distributing emissions, protocols compete to attract liquidity. Now the fifth-largest blockchain ($5.3B TVL), Berachain limits validators to 69,
Crypto News Demex Daily #375: OneKey Now Natively Supports MetaMask What’s Interesting Today: OneKey, an open-source crypto hardware wallet backed by Coinbase Ventures, is now natively integrated with MetaMask. This update allows users to connect OneKey via USB or Air-Gapped (QR code) signing, enhancing security by keeping private keys offline. OneKey’s flagship Pro and Classic 1s models offer
Crypto News Demex Daily #374: Canary Capital Files for First NFT & Token ETF Approval What’s Interesting Today: Canary Capital has filed for SEC approval to launch the Canary PENGU ETF, which will hold both the Solana-based PENGU token and Pudgy Penguins NFTs. PENGU surged in value after its January launch but has since dropped 90% from its peak. The ETF filing comes amid
Crypto News Demex Daily #373: EigenLayer Strengthens Ethereum Security with New Integrations What’s Interesting Today: EigenLayer is expanding its role in Ethereum’s modular security with new integrations into Mantle Network and ZKsync. Mantle has adopted EigenDA for data availability, improving scalability and validator decentralization, while ZKsync is using EigenDA for data storage and integrating EigenLayer’s AVSs for decentralized zk
Crypto News Demex Daily #372: Onchain Labs Boosts Arbitrum Amid Ethereum's L2 Struggles What’s Interesting Today: Offchain Labs, the developers of Arbitrum, have launched Onchain Labs, an incubator program to expand Arbitrum’s DApp ecosystem by supporting innovative projects while promoting fair launches. This comes amid growing concerns over Ethereum’s fragmentation due to the rapid rise of Layer 2 networks, which
Crypto News Demex Daily #371: Ethena and Securitize Launch Converge to Bridge DeFi and RWAs What’s Interesting Today: Ethena Labs and Securitize are launching Converge, an EVM blockchain designed to bridge DeFi and real-world asset (RWA) tokenization for retail and institutional investors. Converge will integrate major DeFi projects like Ethereal, Morpho, and Aave Labs’ Horizon, with custodial support from Anchorage, Copper, and RedStone. Ethena’
Crypto News Demex Daily #370: TON Society Applauds Durov’s Release as Free Speech Win What’s Interesting Today: The TON Society celebrated Pavel Durov’s release and departure from France on March 15, calling it a victory for free speech, online privacy, and innovation. Durov, detained since August 24, 2024, faced strong support from the crypto industry and free speech advocates, who condemned France’
Crypto News Demex Daily #369: Aptos EverMove Hits Hong Kong with HKD 4M HackerHouse What’s Interesting Today: Aptos EverMove, an initiative by Movemaker and Aptos Foundation, is launching its first event—a five-day HackerHouse in Hong Kong from April 1-5, 2025, at Cyberport. With a prize pool of HKD 4 million, the event invites developers, especially from the Chinese-speaking region, to build on
Crypto News Demex Daily #368: XRPTurbo Launches DeFi Tools for XRP Ledger Growth What’s Interesting Today: XRPTurbo is launching a powerful suite of DeFi tools to accelerate adoption on Ripple’s XRP Ledger (XRPL), offering an intuitive token and NFT minting platform, a token locking and vesting DApp for enhanced transparency, and an AI agent creator for automating blockchain activities. Powered by
Crypto News Demex Daily #367: Holesky Finalizes as Pectra Faces Delays What’s Interesting Today: Ethereum’s Holesky testnet has reached finality after delays and technical challenges, marking progress toward the Pectra upgrade, which has been postponed from its original March 2025 launch date. Holesky, activated on February 24, initially faced network instability but finalized transactions on March 10, while the
Crypto News Demex Daily #366: Thailand Approves USDT and USDC What’s Interesting Today: Thailand’s SEC has approved USDT and USDC for trading on crypto exchanges, signaling growing stablecoin adoption. The stablecoin market has expanded to $227 billion, with increasing use in cross-border trades and remittances. Thailand aims to become a digital asset hub, launching initiatives like the "
