Demex Blog

Latest — May 19, 2025

Nitron Exploit Update: Recovery, Restitution & Next Steps

Since the Nitron lending market exploit, we've been working tirelessly on recovery, and formulating a fair restitution plan. Here’s a comprehensive update on what we’ve done so far, how we plan to compensate affected users, and what we’re building next to ensure this never happens

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Nitron Exploit Post-Mortem: What Happened, What Was Lost, and What’s Next

On May 16th, Demex's lending markets (Nitron) were exploited, resulting in a loss of $950,559 in user funds. The exploit was isolated to Nitron — no user funds in spot or perpetual trading were affected, and those services remain fully operational. This post outlines what happened, how it

User Pools

Trade with More Collateral, Earn Shared Profits. What Are User Pools and How Can They Improve Your Trading? User Pools are an innovative way for traders to manage and expand their perpetual trading strategies on Demex. Whether you're looking to trade larger positions or earn passively through managed

Mantle Rewards Are Here: Stake $MNT, Trade Perpetuals, and Qualify for the $DMX Airdrop

Stake 200 $MNT, trade $1,000+ on Demex perps, and you could win 15,000 Demex Points toward the $DMX airdrop. Live from Mar 28 to Apr 18.

Demex Daily #378: Celo Becomes Ethereum L2 for Greater Security and Liquidity

What’s Interesting Today: Celo has transitioned from a layer-1 blockchain to an Ethereum layer-2 protocol using optimistic rollups. The move enhances Celo’s security, scalability, and composability with Ethereum-native applications while maintaining one-second block times and low transaction costs. By leveraging Ethereum’s network effects, Celo gains access to

Demex Daily #377: BlackRock Expands Bitcoin ETP and Tokenized Assets

What’s Interesting Today: BlackRock has launched the iShares Bitcoin ETP (IB1T) in Europe, listing it on German, French, and Dutch exchanges, with Coinbase providing custody. This follows the success of its U.S. Bitcoin ETF, which has attracted nearly $40 billion in net inflows. BlackRock’s crypto offerings continue

Demex Daily #376: Berachain Redefines Block Rewards with Proof of Liquidity

What’s Interesting Today: Berachain’s Proof of Liquidity (PoL), launched on March 24, introduces a dual-token model where BERA secures the network and BGT governs rewards. With 37 reward vaults distributing emissions, protocols compete to attract liquidity. Now the fifth-largest blockchain ($5.3B TVL), Berachain limits validators to 69,

Demex Daily #375: OneKey Now Natively Supports MetaMask

What’s Interesting Today: OneKey, an open-source crypto hardware wallet backed by Coinbase Ventures, is now natively integrated with MetaMask. This update allows users to connect OneKey via USB or Air-Gapped (QR code) signing, enhancing security by keeping private keys offline. OneKey’s flagship Pro and Classic 1s models offer

Demex Daily #374: Canary Capital Files for First NFT & Token ETF Approval

What’s Interesting Today: Canary Capital has filed for SEC approval to launch the Canary PENGU ETF, which will hold both the Solana-based PENGU token and Pudgy Penguins NFTs. PENGU surged in value after its January launch but has since dropped 90% from its peak. The ETF filing comes amid

Demex Daily #373: EigenLayer Strengthens Ethereum Security with New Integrations

What’s Interesting Today: EigenLayer is expanding its role in Ethereum’s modular security with new integrations into Mantle Network and ZKsync. Mantle has adopted EigenDA for data availability, improving scalability and validator decentralization, while ZKsync is using EigenDA for data storage and integrating EigenLayer’s AVSs for decentralized zk