The hottest DEX Substack posts right now

And their main takeaways
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Deep Dive: GMX

DeFi Education • 659 implied HN points • 18 Dec 22
🔮 Crypto DEX
  1. GMX is considered the top performer among derivatives DEX tokens, especially after the FTX collapse. Many investors are taking a closer look at it now.
  2. The focus of the deep dive is to explore GMX's protocol design, security features, and how its tokenomics work.
  3. The post aims to help readers decide whether to invest in the GMX token or use its exchange for trading.

Introducing Kaidro’s KDR Token on Katana!

Ronin’s Newsletter • 12 implied HN points • 18 Dec 24
🔮 Crypto DEX
  1. The Kaidro token ($KDR) is now available on the Katana DEX, allowing users to trade or provide liquidity.
  2. The $KDR token is a key part of the Kaidro ecosystem, which includes special merchandise and in-game benefits.
  3. Users can convert their previous tokens ($AKDR) to $KDR with a simple process starting today.

Introducing the RON/PIXEL Liquidity Pool on Katana!

Ronin’s Newsletter • 0 implied HN points • 19 Feb 24
🔮 Crypto DEX
  1. RON/PIXEL Liquidity Pool is introduced on Katana DEX for swapping using Ronin Wallet, making it convenient for users.
  2. For those preferring RON | RONIN for trading over Binance, the RON/PIXEL pool offers an alternative trading option.
  3. $PIXEL, the in-game digital asset for Pixels.xyz, is now available for trading with a total supply of 5 billion tokens.

The meme aper's guide to trading

Boltzmann Soul • 0 implied HN points • 22 May 24
💰 Finance DEX
  1. To start trading meme coins, you need to go through steps like swapping fiat for cryptocurrency on a CEX, taking control of your tokens on a non-custodial wallet, and bridging ETH to the Base network if necessary.
  2. When using DEXes to swap tokens, always use the coin address rather than the token name or ticker to avoid potential scams with similar names or tickers.
  3. Meme coin trading involves high risks of losing assets, so only trade with funds you can afford to lose. Be cautious about slippage, network congestion, and transaction failures when using DEXes.

Uniswap Flips the Fee Switch: From Governance Token to Value Accrual

Coin Metrics' State of the Network • 0 implied HN points • 13 Jan 26
🔮 Crypto DEX
  1. Uniswap turned on a fee switch that routes protocol fees into burning UNI, shifting the token from governance-only to one that directly accrues value through deflationary fee capture.
  2. Early data points to about $26M annualized protocol fees and roughly 4–5M UNI burned per year plus a 100M retroactive burn, which means UNI’s current market value embeds very strong growth expectations (around a ~207x revenue multiple).
  3. This change reflects a broader DeFi trend toward fee-linked token models (burns, staker payouts, vote-escrow) to better align holders with protocol economics, but ultimate value depends on fee capture, volume growth, LP incentives, and regulation.
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