DEX

On January 20, 2026, an analysis argued that in 2025 and early 2026 most bridge losses stemmed from overwhelmed operators and validator coordination, not exotic exploits. Nine figure sums vanished within minutes as funds moved through privacy tools and DEXs before alarms fully registered. The piece stresses that design and operations, not just code, defined outcomes.

On January 18, 2026, a Trove builder said the project would pivot from Hyperliquid to Solana. On January 19, 2026, Trove stated it would retain $9,397,403 from its ICO, and minutes after launch the TROVE token fell more than 95%. The sale raised over $11.5 million and some refunds have been issued.

On January 19, 2026, Injective's community approved the "Supply Squeeze" to cut INJ issuance, with 99.89% voting yes. The changes pair lower emissions with ongoing buyback-and-burns; roughly 6.85 million INJ have already been destroyed, while TVL sits below $20 million, according to DefiLlama.

On Friday, Trove said it would shift its planned perps DEX from Hyperliquid to Solana just days before its token generation event. On Monday, the team disclosed it will keep $9,397,403 to continue building, while issuing refunds, and the TROVE token plunged over 95% to $0.0008 within ten minutes of launch.

Aster's price remains in a downtrend after Bitcoin's drop below $94.5k, with a short-term rebound of just over 10% possible in the coming days. Key levels include the prior demand at $0.683–$0.703 and the 78.6% retracement at $0.695, while a move above $0.81 and $1 is needed to shift bias.

Trove said it will shift its perpetual DEX development from Hyperliquid to Solana, drawing community skepticism over leadership and fundraising practices. As of January 19, 2026, Hyperliquid (HYPE) traded at $23.63 with a $7.14 billion market cap and a 5.52% 24-hour drop, while 60-day performance showed a 38.14% decline.

On January 19, 2026, ASTER hit a fresh all-time low around $0.62 and briefly dipped to $0.53, prompting the Aster DEX team to activate Strategic Buybacks, according to Cryptopolitan. The Stage 5 framework is currently channeling 20%–40% of daily platform fees into targeted repurchases, with provisions allowing up to 80% allocation. Aster said its treasury has begun swapping BNB for ASTER through a reserve wallet.

MOVE climbed over 15% after Hyperliquid added the token to its spot market, enabling collateral use for perpetual trading and coinciding with a 515% jump in daily volume. Long liquidations neared $4 million versus $2.67 million in shorts with leverage up to 50x. Weekly transactions totaled 4.2 million even as monthly active addresses fell 31% to 14.8K.

Uniswap has gone live on OKX's X Layer, an Ethereum layer-2 network launched in 2024, where it will function as the chain's preferred decentralized exchange. The integration connects X Layer users to Uniswap's token pairs and liquidity pools at layer-2 transaction costs, with no additional fees from Uniswap Labs, and forms a key part of OKX's phase-two DeFi rollout strategy.

On Wednesday, Lighter said users must stake LIT to deposit into its Lighter Liquidity Pool, with a 1:10 ratio allowing 1 LIT to unlock up to 10 USDC. The change takes effect immediately for new participants, while existing depositors have a two‑week grace period ending Jan. 28; fee waivers kick in at 100 LIT staked.