【Cetus Returns to the Global Top Five DEX Aggregators, Strong Rebound After the Hacking Incident】
In mid-May, Cetus Protocol suffered a hacking attack exceeding $223 million, which temporarily raised doubts about its survival in the market. However, two months later, this core protocol on the Sui chain demonstrated with data: "Crisis may be a stronger starting point."
According to DeFiLlama data, Cetus's single-day trading volume on July 25 surpassed $249 million, returning to the global DEX aggregator ranking at number 4, trailing only behind 1inch, CoWswap, and OKX DEX, while surpassing established protocols like PancakeSwap and Jupiter.
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What does this rebound represent?
1. The protocol's recovery speed is astonishing.
Since the incident in May, the Cetus team quickly conducted smart contract audits, fixed vulnerabilities, and collaborated with the Sui Foundation to recover some funds, showcasing efficient crisis management capabilities.
2. Market trust has not collapsed, but rather strengthened.
After the incident, Cetus did not experience a massive liquidity flight; instead, it steadily rebounded under community support and transparent mechanisms, indicating that its brand trust foundation remains intact.
3. The Sui ecosystem is gradually maturing.
As one of the most important DEXs on Sui, Cetus's recovery also symbolizes that the entire ecosystem is moving towards higher safety and professional standards, attracting more new funds and developers to enter the space.
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In the world of DeFi, no one can guarantee that mistakes won't happen, but the ability to quickly stand up and stabilize market confidence is the real competitiveness. Cetus has once again proven one thing:
You can take off even against the wind, as long as you are resilient enough.
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