
Decentralized cryptocurrency exchanges (DEXs) are rapidly emerging as significant contenders in the financial market, successfully challenging the long-standing dominance of centralized exchanges (CEXs).This evolution intensified recently when Hyperliquid, a decentralized platform, faced a substantial $6.2 million exploit involving the Jelly my Jelly (JELLY) memecoin. A sophisticated trader, known as a whale in market parlance, capitalized on Hyperliquid’s liquidation parameters and