BlackholeDex Becomes Leading DEX on Avalanche

Algebra Integral has introduced an **upgradeable, modular plugins architecture** that enables safe iteration at scale for decentralized exchanges. **Key Features:** - Storage-safe upgrades that don't disrupt liquidity, ALMs, or farming - Support for multiple plugins in one pool - Real-time upgrades with modular, composable structure - Audited by [MixBytes](http://bit.ly/4qGx2Fm) **New Marketplace Additions:** The [MEV-X Onchain Backrun plugin](https://market.algebra.finance/plugin/mevx-backrun/) is now available, audited by BailSec. It internalizes MEV for DEXs by executing backruns within the same transaction. **Ecosystem Updates:** - MAIN DEX and OpenLedger hosted a DeFAI AMA exploring how on-chain history can reduce fees for active traders - Algebra published a [technical article](http://medium.com/@crypto_algebra/the-limits-of-multihop-routing-in-dex-field-28ff2bac233d) on multihop routing limitations - Focus on RWA integration via V4 plugins for institutional DeFi Algebra powers 90+ DEXes across EVM chains with its modular CLAMM architecture.

Multihop routing allows DEXes to execute trades through intermediate tokens when direct pools don't exist, but this design creates structural inefficiencies at scale. **Three core problems emerge:** - **Fragmented liquidity**: Large reserves sit unused because liquidity is isolated within specific pools. A USDe-to-USDT swap might exclude DAI/USDC liquidity entirely, even though it exists. - **Compounding costs**: Each hop multiplies fees, price impact, and gas costs. A 3-hop route means 3x the expenses. - **Throughput bottlenecks**: Swap capacity is limited by the weakest intermediate pool, not total TVL. A $10M pool becomes irrelevant if routing depends on a smaller $1M pool. Real data from Curve-style stablecoin pools shows some swaps require 5+ intermediate pools. Many large pools barely participate in routing. The result: traders get worse execution, LPs see inefficient capital use, and DEX builders face limited composability. Algebra Labs argues this isn't a routing problem but a liquidity design problem. The solution requires rethinking how liquidity is structured, moving toward unified liquidity surfaces rather than isolated pools. [Read the full analysis](https://algebra.finance/)

**Algebra Finance is actively seeking partnerships** with developers and projects interested in building decentralized exchange infrastructure. **Who can apply:** - DEX platforms - Blockchain networks - Plugin developers - Industry influencers Interested parties can submit their proposals through Algebra's [collaboration form](http://algebra.finance/form). Algebra specializes in next-generation AMM technology with concentrated liquidity, featuring adaptive fees, built-in farming capabilities, and support for deflationary tokens across multiple blockchains.

**Nest Exchange goes live on Hyperliquid** Nest Exchange has launched on Hyperliquid, powered by Algebra's DEX engine. The platform features: - V4 pools with plugins - Onchain rewards that compound value back to voters - High APRs for liquidity providers **10 Algebra DEXes hit DeFiLlama's Top-100** Algebra-powered exchanges are climbing revenue rankings across multiple chains: - Blackhole, QuickSwap, THENA leading the pack - Camelot DEX, Kittenswap, StellaSwap also featured - Several DEXes underreporting data, suggesting more are performing well **Cypher ICO reaches 450 ETH cap** The Cypher ICO closed after hitting its 450 ETH funding target. Token generation event (TGE) scheduled for Dec 16 at 3 PM UTC, with liquidity exclusively on Cypher AMM using Algebra's infrastructure. **Partnership with Tycho announced** Algebra teams up with [Tycho](https://docs.propellerheads.xyz/tycho/overview) - an open-source Rust library that helps DEXes capture more volume by connecting to major order-flow engines like CoWSwap solvers and 1inch resolvers. Single integration makes DEX liquidity visible across billions in weekly routing volume.

**Algebra introduces V4 plugins** that allow DEX developers to customize liquidity pools according to their specific needs. The plugin system addresses common developer demands: - Enhanced efficiency - Full customization options - Reduced gas costs - Improved safety features **Key benefits:** - Transform any pool into a tailored solution - Modular architecture for flexible implementation - Maintains Algebra's core features like adaptive fees and built-in farming Developers interested in implementing these customizable solutions can contact Algebra through their [integration form](https://algebra.finance/form/). *Ready to enhance your DEX with modular functionality?*