For crypto investors, this volume is an important indicator of market trends. PancakeSwap captured the largest share of this growth, highlighting its dominant position in the ecosystem.

Leading DEX on BNB Chain

PancakeSwap led the DEX trading activity with nearly $4.29 billion in volume over the past 24 hours. The platform’s strong user base and deep liquidity explain its dominance. Meanwhile, other exchanges also saw rising volumes, but PancakeSwap’s leadership demonstrates investor preference for reliable, liquid platforms.

This trend serves as a key signal for followers of rising coins and altcoin trends in the crypto market.

Memecoin and Altcoin Demand Boosts Volume

On-chain memecoin activity on BNB Chain played a critical role in boosting DEX volume. Popular memecoins saw higher trading volumes, attracting increased investor attention. Market analysts note that this surge may present short-term trading opportunities.

Key highlights:

• BNB Chain DEX volume: $6.051 billion
• PancakeSwap volume: $4.29 billion
• Memecoin and altcoin demand drives trading growth

These figures underscore sustained interest in decentralized exchanges and reaffirm BNB Chain’s importance in the DeFi ecosystem. Compared to other major blockchain projects, BNB Chain’s performance stands out.

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The post BNB Chain DEX Volume Surges: PancakeSwap Leads appeared first on Coin Engineer.

Hack Details and Impact 

Abracadabra Money has now been attacked for the third time in the past two years. In 2024 and 2025, it lost $6.49 million and $13 million, respectively. According to blockchain researchers @officer_cia and Weilin William Li, the attacker exploited a vulnerability in Abracadabra’s smart contracts. Around $1.7 million in MIM tokens was withdrawn and swapped for ~395 ETH. 

• All affected smart contracts have been paused. 
• The attacker bypassed payment controls to quickly transfer the funds. 
• Abracadabra team has not yet released an official statement. 

Market Reaction and Precautions 

Abracadabra Money previously lost $13 million in a March 2025 hack. The recent attack has increased community calls for stress tests and comprehensive smart contract audits. 

According to CoinMarketCap, Magic Internet Money (MIM) saw a 16.98% drop in trading volume. The 60-day price decline reached 40.26%, while the 90-day increase recorded 19.83%. This underscores the sensitivity of investor confidence. 

The incident reignites discussions on security measures in the DeFi sector. Experts emphasize that proactive security testing and rigorous smart contract audits are critical. 

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The post DeFi Protocol Abracadabra Money Loses $1.7M in Hack Attack appeared first on Coin Engineer.

Improved Liquidity and Speed with OKX’s DEX API

The new feature links OKX’s DEX API to MetaMask, offering lightning-fast trades with execution times under 100 milliseconds and lower slippage. According to Jeff Ren, founder of OKX Ventures, “MetaMask’s goal of becoming a universal Web3 wallet fits perfectly with the connected blockchain ecosystem we are building.”

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First-Ever External Integration of SERVO for MEV Protection

As part of the partnership, OKX Wallet has also adopted SERVO, an MEV protection solution developed by Consensys. This marks the first time SERVO has been integrated into a third-party wallet, signaling a strong step forward for onchain trading safety.

The partnership comes amid growing DEX volumes and increased focus on decentralization. OKX’s renewed focus on safety after past DEX misuse incidents—such as attempts linked to North Korea’s Lazarus Group—highlights the exchange’s commitment to protecting its users.

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The post OKX and MetaMask Join Forces to Revolutionize DEX Access appeared first on Coin Engineer.

But is this just another token, or a serious challenge to existing networks like Base?

INK Token: Utility First, Governance Last

According to the Ink Foundation, INK will have a fixed supply of 1 billion tokens and will not be used for governance purposes. This decision stands in contrast to most token models that rely heavily on community voting and governance dynamics. Instead, INK is being pitched as a “single-token model designed for usage, not speculation.”

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The token’s first use case will be a DeFi liquidity pool built on Aave. Users participating in this pool will likely be eligible for an airdrop, with more drops potentially planned. INK aims to provide a foundational liquidity layer for DeFi activity on the Ink network.

Part of the Optimism Mainnet Superchain Vision

Ink is part of the Optimism Mainnet Superchain initiative, which allows different Layer 2s to interoperate, share governance infrastructure, and utilize the OP Stack. Notably, Kraken’s Ink network is the first outside of Optimism itself to implement permissionless fault proofs.

Meanwhile, Base, the L2 developed by Coinbase, remains the most active with over 10 million daily transactions. However, with a unique token model and deep DeFi integration, INK could be a serious contender.

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The post Kraken-Backed Ethereum Layer 2 Launches INK Token to Rival Base appeared first on Coin Engineer.