Definitive enables retail traders, whales, liquidity funds, and even AI agents to buy and sell any asset on any chain with the institutional-grade execution quality of centralized exchanges (CeFi). 

Founded by the team that built Coinbase Prime’s trading engine and managed billions in trades for names like Michael Saylor and Elon Musk, the platform now opens its doors to all DeFi investors, delivering institutional-grade on-chain trading. 

Team & Founders 

• Dennis Qian – Cofounder 
• Jai Prasad – Cofounder 
• Blake Arnold – Cofounder 
• Amar Patel – Engineering 

Key Features 

• Advanced Order Types: TWAP, Limit, Stop/Take Profit – rare in DeFi. 
• Aggregated Liquidity: Best prices from 100+ DEXs, on-chain venues, and 15+ off-chain PMMs. 
• Analytics Tools: Real-time PnL tracking, multi-chain portfolio analysis, post-trade reporting. 
• Institutional Features: Automated reporting, sub-accounts, role-based access, and hidden order flows. 
• Gas & Chain Abstraction: No constant transaction signing or gas management needed. 
• Competitive Fees: 4x–20x cheaper than competitors. 

Why Definitive? 

• Definitive is more than just a DeFi platform — it’s a complete solution for trading with institutional-grade precision. 
• Non-Custodial: Users retain full control over all transactions and withdrawals. Approved “performers” may handle certain execution steps. 
• Automated Trading: TWAP, Limit, and Stop algorithms reduce manual effort and 24/7 monitoring. 
• Auditable: All trade history is on-chain verifiable and exportable. 

Supported Chains & Liquidity Platforms 

Definitive offers maximum flexibility with multi-chain support across Solana, Base, HyperEVM, and all major EVM-compatible networks. 

Liquidity Platforms 

• 100+ On-Chain DEXs: Uniswap, SushiSwap, Curve, Balancer, GMX, and more. 
• 15+ Off-Chain PMMs: Unique liquidity opportunities and long-tail assets not found on centralized exchanges. 
• Smart Order Routing automatically secures the best price across platforms. 

EDGE Token ($EDGE) 

The $EDGE token is a utility asset that powers Definitive’s trading ecosystem. 

Core Functions: 

• Trading fee discounts (40–50% when staked) 
• Unlocking advanced analytics and features 
• Staking rewards tied to platform value 
• Reward sharing from trading & staking 
• Governance voting rights 
• Ecosystem incentives for contributors and developers 

Tokenomics 

• Name: EDGE 
• Total Supply: 1,000,000,000 EDGE 
• Max Supply: 1,000,000,000 EDGE 
• Circulating Supply: 203.02M EDGE 

Distribution

• Community: 49% 
• 10.95% TGE Airdrop 
• 38.05% Future community rewards 
• Treasury: 9.46% 
• Investors: 14.64% (12-month lock + 2-year linear vesting) 
• Team: 26.90% (12-month lock + 2-year linear vesting) 

Advantages 

• Multi-chain trading with CeFi-grade execution 
• Institutional analytics and reporting tools 
• Automated trading algorithms reducing manual errors 
• Transparent, non-custodial structure 
• EDGE token rewards through staking and platform use 

Roadmap 

• Q2 2024: Token launch & airdrop 
• Q4 2024: Platform upgrades, fee discounts via staking 
• Q1 2025: Exclusive EDGE token-holder benefits; expansion to all EVM chains; enterprise features like sub-accounts and role-based access 
• Q2 2025: Reward sharing for trading & staking 

Official Links

• Website
• Twitter
• Discord

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The post Definitive (EDGE): Institutional-Grade DeFi Trading appeared first on Coin Engineer.

Over the past week, Doodles NFTs recorded $2.6 million in total sales volume — a 368% increase compared to the previous week — making it the fifth-highest-selling NFT collection.

DOOD Token Airdrop and Exchange Listings

Doodles officially announced on May 7 that its long-anticipated DOOD token will launch on May 9 through a token generation event. The memecoin will initially launch on Solana and later bridge to Base.

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The project will mint 10 billion DOOD tokens, with 68% allocated to the community: 30% for Doodles holders, 13% for the New Blood community, and 25% for the ecosystem fund. The team will receive 17%, and the company will receive 5%, both subject to a 1-year cliff and 3-year vesting period. The remaining 10% will be reserved for liquidity.

NFT holders can pre-register to receive an airdrop allocation. Major exchanges like Binance and Bybit have confirmed that they will list the token after it’s minted on May 9.

NFT Market Sees Overall Growth

As top collections like Doodles gain momentum, the total NFT market reached over $103 million in weekly sales — a 7% increase from the prior week, according to CryptoSlam.

Ethereum-based NFTs led the market with $26.5 million in sales, followed by Polygon at $19.1 million, driven by real-world asset platform Courtyard, which alone posted $17 million in weekly sales. Mythos Chain and Bitcoin NFTs also showed strength with $16 million and $12 million in volume respectively.

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Background of the Attack

On October 25, 2023, blockchain security firm Cyvers Alerts reported an attack on the Base blockchain. This incident occurred through a vulnerability in a smart contract related to Wrapped Ether (WETH). The attackers exploited weaknesses in oracle services to manipulate prices, stealing approximately $993,534 in funds. They transferred a significant portion of the funds to the Ethereum network and then funneled $202,549 through the privacy-focused Tornado Cash platform, later stealing an additional $455,127 using the same method.

Price Manipulations

The primary method used in this attack involved exposing a weak oracle to price fluctuations. Oracles, tools used to provide external data to the blockchain, are commonly used in decentralized finance (DeFi) projects. When oracles rely on low-liquidity and unreliable trading pairs, they become vulnerable to price manipulation. Cyvers’ senior SOC leader, Hakan Ünal, explained that the oracle in question depended on a pair with limited liquidity, which made manipulation easier.

Oracle manipulations pose a critical threat in the DeFi ecosystem. Ensuring the secure verification of oracles is essential to protect users’ funds. This attack underscores the need for DeFi projects to strengthen and secure their oracle solutions.

Expert Recommendations for DeFi

Cyvers noted that such attacks occur due to the use of unverified lending contracts. To prevent these attacks, they recommend using oracles with higher liquidity. Additionally, enhancing oracle diversity and security is an important step toward preventing similar price manipulations. The reliability of oracles will be a crucial factor for the future growth of DeFi platforms.

Security Protocols

This attack highlights the need for DeFi platforms to address security vulnerabilities. Strengthening oracle reliability and verifying lending contracts are critical steps to prevent such attacks. Unverified lending contracts weaken the system’s security, posing a significant risk to user funds in the DeFi ecosystem.

While the attacker’s identity remains unknown, the responsibility falls on organizations managing unverified lending contracts and those making insecure oracle selections. This attack emphasizes that DeFi projects need to adopt not only a growth-oriented but also a security-focused approach. Projects offering more reliable and diversified oracle solutions, such as Chainlink, can play an essential role in preventing such attacks.

The Need for Security

To ensure continued growth in the DeFi space, proactive measures must be taken against security vulnerabilities. Protecting user funds, correctly configuring oracles, and implementing robust security protocols are vital for the sustainability of DeFi projects. This incident serves as a reminder that enhanced security measures are crucial for the continued development of DeFi.

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The post $1 Million Attack on Base Blockchain! appeared first on Coin Engineer.

Base TVL doubles to $380 million. The Base network went public in early August and has now become the fourth most valuable Layer 2 blockchain in terms of TVL, following other networks like Arbitrum One, Polygon, and OP Mainnet. Furthermore, the project team is actively making daily improvements in their pursuit of excellence.

Alexander Cutler, co-founder of Aerodrome, commented, “The growth has been exceptional and is a validation of our thesis that ecosystem-specific DEXs can thrive.”

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Liquidity increased on Base

The development team at Velodrome Finance, a decentralized exchange built on the OP network, collaborated with 20 launch partners to introduce Aerodrome as a forked version of Base earlier this week. The team’s goal is to increase liquidity on the network and process a significant portion of transactions on-chain. This approach aligns with the strategies of Velodrome and OP Mainnet, both of which involve utilizing decentralized financial incentives.

Cutler added, “Before our launch, the liquidity landscape on Base was fragmented, and the DeFi ecosystem was lacking. We’ve helped facilitate over 20 partners joining Base, and they have also contributed to fostering a liquidity explosion within the ecosystem.”

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Furthermore, it appears that those responsible for SwirlLend rug pull, have executed the transfer of a significant volume of cryptocurrency from the Base blockchain to the Ethereum blockchain. To be precise, they have moved around $289.5K worth of various cryptocurrencies, encompassing 140.68 ETH and 32.6K USDC, from the Base platform to Ethereum. Additionally, they still retain approximately 92 ETH on the Base blockchain.

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Interestingly, even though Coinbase’s Base blockchain launched just a week ago with relatively limited secured capital, it has already experienced a collection of fraudulent activities and security breaches. SwirlLend, a lending protocol active on both Base and the recently established Linea chain, swiftly drained a combined total of $460,000 from these two chains right after its initiation, subsequently erasing its presence from social media platforms.

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