DEXs and CEXs are hemorrhaging volume to Web2 proprietary trading firms in a massive shift that's reshaping crypto trading.
The concerning reality:
- Most prop firms operate B-book models with demo accounts
- No actual trades or real order flow occur
- Payouts funded by new user sign-up fees
A $20 billion annual industry built on questionable foundations is siphoning hundreds of billions in trading volume away from legitimate crypto exchanges.
This opaque system raises serious questions about market integrity and trader protection in an already volatile space.
At the same time, DEXs and CEXs are losing hundreds of billions in volume to Web2 prop firms. Most of these firms run B-book models: demo accounts, no real trades or orderflow, payouts funded by users' new sign-up fees. A $20B/year industry built on an opaque & shaky
Automated Trading Accounts Hit 100% Pass Rate on Hyperliquid

Foxify's automated FUNDED accounts on Hyperliquid have achieved a 100% pass rate during beta testing, with all 46 accounts surpassing the +20% profit threshold. **Key Performance Metrics:** - All 46/46 automated accounts crossed +20% PnL - 100% pass rate vs. ~13% average for human traders at prop firms - Standard profit target remains +15% PnL per level plus 100 activity points **Upcoming Changes:** - New instant promotion trigger at +20% PnL, bypassing point requirements - Accounts offer 80% profit share with instant funding - All trading occurs on-chain through Hyperliquid The platform provides $20K Elite Instant FUNDED accounts with no evaluation period required. Early beta results suggest automated strategies may significantly outperform traditional human trading approaches in prop firm challenges. [Join Discord](http://discord.com/invite/foxifytrade) to participate in the program.
Automated Trading Beta Achieves 98% Profit Rate on Funded Accounts

A decentralized trading platform has launched automated funded accounts in beta, with 45 out of 46 challenges currently profitable - a 98% success rate. **Key Points:** - Standard funded challenge pass rates typically sit below 20% - The automated system runs through trading phases on autopilot - Platform positions itself against traditional prop firms that profit from trader failures Interested traders can join the platform's [Discord community](https://discord.com/invite/foxifytrade) and inquire in the general chat to participate in the beta program.
FOXIFY Releases Updated Whitepaper with New Elite Track and Automated Accounts

FOXIFY has published an updated whitepaper for its FUNDED trading program, consolidating platform information and introducing new features. **Key Updates:** - Comprehensive overview of all FUNDED-supported platforms in one document - Detailed breakdown of asset classes and trading pairs available per platform - Web3 onboarding guides for beginners covering onramp and trading basics - Introduction of upcoming $20K Elite track for advanced traders - Information on FOXIFY Trading Co NFTs and associated funding bonuses - Details on automated FUNDED accounts (launching soon) The whitepaper serves as a centralized resource for traders using FOXIFY's no-KYC, on-chain funding platform, which offers 80% profit splits and instant payouts in USDC. [Read the whitepaper](https://docs.foxify.trade/)
Foxify NFT Snapshot on Perptools Extended Two Weeks

The Foxify Trading Co. NFT snapshot on Perptools has been extended by two weeks, giving users more time to qualify for free NFT mints. **Updated Timeline:** - July 29, 20:00 UTC: Eligibility window closes and snapshot taken - July 30, 12:00 UTC: NFT Mint Wave 1 - July 31, 12:00 UTC: NFT Mint Wave 2 **Eligibility:** Users who have used FUNDED on Perptools may qualify for 2 free NFT mints, each valued up to $9,000 based on OpenSea floor price. **NFT Tiers:** - Bronze (merge 5 to mint Silver) - Silver: +10% funding boost - Gold: +25% funding boost Check eligibility: [perptools.foxify.trade/en/nft/eligibility](https://perptools.foxify.trade/en/nft/eligibility)
馃 Foxify NFT Mint Wave 2 Opens - Final Day to Claim

**Foxify NFT Mint Wave 2 is now live** with a deadline of 23:59 UTC today (May 22, 2026). **Key Details:** - This is the second and final day of the two-day mint window - Users qualified for 2 NFTs must mint today to complete their allocation - Missing today's window means forfeiting eligibility - One mint per wallet per day **Background:** - Wave 1 took place May 21st - Eligibility was determined by snapshot taken May 20th - Users could check qualification status at [app.foxify.trade](https://app.foxify.trade/en/nft/eligibility) - Those eligible for only 1 NFT could choose either day to mint The 12-hour mint window closes at 23:59 UTC with no extensions or second chances for those who miss the deadline.