Crypto Markets Writer
Tony Rabbit is a crypto markets writer at DEXTools News covering decentralized finance, on-chain trends, and trading narratives. He turns DEXTools live on-chain data into clear, actionable explanations for everyday readers, with a focus on new token launches, memecoins, liquidity, token safety, and how DEX market structure actually behaves. His reporting leans on primary sources and verifiable on-chain evidence over hype.
1469 articles published
Robinhood Chain is now live on DEXTools. You can track and trade its pairs with our charts, scores and safety tools, the same way you do on Ethereum, Solana or Base. Here is a quick tour of the new chain, the tokens actually moving on it, and how to get started.
Robinhood Chain made headlines by overtaking Hyperliquid in 24-hour DEX volume just a week after launch. We read the chain: roughly $521 million of that volume rests on about $29 million of real liquidity, the top pools are all memecoins, and several trade tens of millions of dollars on almost no liquidity at all. The tokenized stocks it was built for are nowhere near the top.
In three minutes on July 12, CASHCAT's perpetual on Hyperliquid crashed from about $0.18 to a low of $0.0804, roughly 56 to 60% down, then snapped back within two minutes. We read the chain: nothing changed about the token. It was a leverage liquidation cascade, and it is a clean reminder that leverage is not your friend.
Solana's tokenized real-world-asset market just set a record at $3.62 billion, and about 97% of the world's tokenized-equity trading now runs on it. We pulled the live Raydium liquidity behind the names: the deepest single tokenized-stock pool holds around $2.8 million. Here is the real per-ticker depth behind a multi-billion headline.
On July 18, one year after it was signed, the GENIUS Act's ban on paying stablecoin holders any interest or yield takes force. The catch is a definition. We summed the contracts on-chain: Ethena's USDe supply is $3.94 billion, and $1.57 billion of it already sits in sUSDe collecting yield, entirely legally. Here is the loophole, measured.
An attacker deposited about $3 worth of SAUCE, pushed a manipulated price into a third-party oracle, and borrowed roughly $9 million from Bonzo Lend on Hedera on July 11. We read the chain: Bonzo's total value locked collapsed 78% and the whole Hedera network shed about 39% of its TVL in 24 hours. Here is what the data shows, and what we could not verify.
You asked, we built it. DEXTools now supports theme presets: restyle the entire app from Settings and pick the look that feels most like home, including styles inspired by other popular trading platforms. Here is what changed and how to switch in three taps.
Aave made its fixed-rate Stable Vaults publicly available, a stablecoin-yield engine for fintechs aimed at Morpho. We read the vaults straight from the contracts: one day in they hold about $1,400 in total across USDC, USDT and GHO, on a protocol holding over $12 billion. Live, but barely used yet. Here is the on-chain reality.
The largest token unlock of the week releases about $750 million of RAIN on July 11. We read the chain: the token carries a $9.5 billion market cap on roughly $5 million of real on-chain liquidity and $3.5 million of daily DEX volume. The unlock is about 150 times the liquidity meant to absorb it. Here is the on-chain reality.
The biggest exchanges are racing to put Wall Street on-chain, each on its own blockchain, and the pace jumped again this week. But their tokenized stocks are built very differently, and the difference decides whether you own a real share or just an IOU. Here is the clear breakdown.
Base turned on its B20 native-token standard on July 8, pitched for stablecoins, real-world assets and tokenized equities. We enumerated the first cohort straight from the registry on-chain: 2,000 tokens minted in a single seven-hour window, 98% of them 18-decimal memecoins, and not one genuine stablecoin or RWA among the ones we read.
Robinhood Chain went live on July 1 as a 24/7 tokenized-stock network. We read the chain a week later, and the open on-chain liquidity is memecoins and a stablecoin, not equities. The real stock tokens are synthetic debt instruments, blocked to US users, and a rounding error of activity, while imposter AAPL and TSLA tickers already trade.
