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Pond0x reported that its DEX reached $100 million in cumulative volume, citing a Dune dashboard as evidence. The Pond0X decentralized exchange (DEX) has reached more than $100 million in total trading volume, according to a September 28 social media post from its official channel. Investors previously lost over $2 million in the launch of the exchange’s native token, PNDX, when the coin turned out to have a transfer function that allowed anyone to transfer it without the owner's permission. But supporters claim these losses were not the fault of the developer. $108,000,000 Trade Volume And counting. What comes next…? pic.twitter.com/lpetFqJAkq — Pond Coin (@Pond0x) September 28, 2023 As evidence for Pond0X DEX’s trading volume , the official channel cited a Dune dashboard created by user mogie, which shows over $111 million in all-time trading volume as of September 29. Total volume metric for Pond0X. Source: @mogie Dune channel The PNDX token launched on July 28. At the tim...

Block production on Base abruptly halted for 43 minutes as developers rushed to implement a fix. Coinbase's Ethereum layer-2 network Base has suffer its first major outage since its public launch on Aug. 9. For approximately 45 minutes on Sept. 5, no new blocks were produced on the Base chain. Its developers first identified the "stalled" block production at 9:36 pm UTC, according to the Base status site. Block production on the Base network stalled at 9:36pm Sept. 5. Source: BaseScan “We identified a delay in block production due to part of our internal infrastructure requiring a refresh. We’ve implemented a fix and are seeing widespread recovery,” Coinbase told Cointelegraph in response to a query on the outage .  Base claims the issue has since been identified with the team now deployed a fix which has seen a "widespread recovery" of block production. It's continuing to monitor the chain for further issues.  Base developers said the cause of the out...

The total value locked (TVL) on the Base layer-2 network spiked to more than $400 million since the launch of the Aerodrome decentralized exchange. The most recent information from DefiLlama shows that the TVL of Base, a layer 2 Ethereum (ETH) network developed at Coinbase, increased by more than 56% to reach $405.66 million in the past week. With the launch of Aerodrome on the Base chain, the TVL on the Base chain has exceeded 400 million US dollars, surpassing the zkSync Era (384 million US dollars), and an increase of about 56% in the past week. The Aerodrome TVL has approached US$200 million. The higher APR has… — Wu Blockchain (@WuBlockchain) September 2, 2023 This increase was powered mainly by the introduction of Aerodrome, a new trading and liquidity marketplace, on the network. Aerodrome got off to a sluggish start when it launch ed on Aug. 28. It brought in less than $5 million in liquidity over the course of its first two days. However, since Aug. 31, deposits ...