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AAVE $92.64 -2.94%
SUI $0.8721 -1.94%
XLM $0.1558 -3.37%
ZEC $263.51 +3.52%
BTC $68,714.30 -0.59%
ETH $2,108.04 -1.06%
BNB $598.49 -0.33%
XRP $1.32 -1.70%
SOL $79.79 -2.65%
TRX $0.3162 -0.38%
DOGE $0.0905 -2.09%
ADA $0.2448 -4.85%
BCH $432.41 -0.35%
LINK $8.77 -1.81%
HYPE $36.31 -1.59%
AAVE $92.64 -2.94%
SUI $0.8721 -1.94%
XLM $0.1558 -3.37%
ZEC $263.51 +3.52%

interface

A user lost approximately 50 million dollars in a single transaction due to slippage, and the founder of Aave stated that the interface had issued multiple warnings

A crypto user lost approximately $50 million in a token swap transaction on Thursday. On-chain data shows that the user exchanged about $50.43 million worth of aEthUSDT for aEthAAVE through the CoW Protocol, but due to insufficient liquidity pool depth, the transaction experienced a slippage of over 99%, ultimately resulting in the user receiving only about 327 aEthAAVE, worth approximately $36,000, with the difference being captured by arbitrage traders and network intermediaries.Aave founder Stani Kulechov posted on the X platform that the user purchased AAVE using $50 million USDT through the Aave interface. Due to the unusually large size of the single order, the interface issued an extreme slippage warning to the user and required confirmation. After accepting the warning on a mobile device, the user proceeded with the transaction.Kulechov stated that the CoW Swap router operated as expected and followed industry-standard operating procedures, but the outcome was clearly not ideal. Kulechov mentioned that Aave plans to contact the user and refund approximately $600,000 in fees charged from the transaction. Days before this incident, about $27 million in positions on Aave were liquidated, and some market participants believe that this liquidation may be related to a temporary pricing issue with wstETH.

Gate upgrades Gate for AI, DEX now supports standardized MCP interface

The global cryptocurrency trading platform Gate has announced the upgrade of its AI Agent infrastructure, Gate for AI. Today, the DEX MCP has been fully upgraded to provide native full-scenario market insights and cross-chain trading capabilities for AI Agents.Gate for AI has now connected CEX and DEX, building five major capability systems. First, centralized trading capabilities (CEX), supporting the invocation of products such as spot, contracts, wealth management, and IPOs; second, on-chain trading capabilities (DEX), supporting Swap, on-chain perpetual contracts, and Meme coin trading, deeply aggregating liquidity from 20+ mainstream public chains, and achieving optimal price execution through smart routing; third, wallet and signature systems, supporting wallet creation and on-chain signing; fourth, real-time information and sentiment data systems, providing structured market news and event data; fifth, on-chain data and industry information query capabilities, supporting queries on currencies, projects, addresses, and risk information.Gate for AI connects centralized and on-chain markets through a unified interface, allowing AI to conduct research, strategy generation, and trade execution within the same framework. After developers integrate mainstream AI systems, AI can directly invoke trading and data capabilities.This system adopts a dual-layer architecture of MCP + Skills, aiming to extend the exchange capabilities from traditional user interfaces to infrastructure that can be invoked by AI. This upgrade marks a gradual shift of trading platform capabilities towards AI-native infrastructure, and Gate will continue to promote the application of AI Agents in the digital asset market.

Bybit incubates DEX Byreal and releases the first open-source command line interface tool for AI agents

The first on-chain DEX incubated by Bybit, Byreal, founder emilyrealfreeman stated on social media that the Byreal Command Line Interface (CLI) has been open-sourced, marking its first protocol interface designed for AI agents.Unlike ordinary API wrappers or chatbot interfaces, Byreal CLI redefines the interaction between protocols and machines from an architectural level, providing deterministic execution, intent-constrained driven operations, and an Agent functionality focused on understanding users, making the system inherently safer and more reliable. Byreal CLI offers AI Agents a complete set of three primitives: identity, wallet (asset control), and a permissionless execution environment, which can only be supported simultaneously by cryptographic technology.Agents can freely discover, execute, and learn through a single command, including one-time liquidity pool analysis (APR estimation, risk scoring, LP range suggestions), with documentation and interfaces designed for AI execution. The new feature Copy Farmer allows Agents to automatically replicate top liquidity provision strategies. Byreal believes that within approximately two years, DeFi trading volume will flow more through AI Agents rather than front-end interfaces, and projects that optimize protocols for Agents in advance will win the routing layer, while those that do not keep up may become forgotten backend systems.
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