Aster vs Hyperliquid: BNB Chain DEX Perps Volume Derails the HYPE Train

The battle of Dex BNB chain-based decentralized exchange asters get hot as they helped the parent chain outperform the 24-hour permanent trading volume of high lipids.

According to data from Dune Analytics, the BNB chain’s 24-hour permanent volume is $21.6 billion, surpassing Hyperliquid’s $10.7 billion. Edgex and Light continued closely at $8.2 billion and $6.2 billion, respectively.

In terms of overall trading volume, two exchanges are jogging for positions. For each Coingecko data, $609 million on Hyperliquid’s 24-hour volume is seventh among DEXS, while Aster sits in eighth place with $583 million on 24-hour volume.

Aster’s native tokens have grown by 41.4% in the last 24 hours to a market capitalization of $3.9 billion, making it the 47th largest cryptocurrency by market capitalization per Coingecko data.

Hyperliquid’s hype now falls by 6.2% that day, but with a market capitalization of $12.1 billion, it’s pretty high for the 20th largest cryptocurrency in the rankings.

In countless forecast markets released DecryptionParent company Dastan, users draw complex pictures of Astor’s outlook. The predictor cast an 87% chance at Aster, which ranks in the top 40 coins on CoinMarketCap this month, but expects over 60% of the forecast to fall below $4 until November.

Passing phase?

Interest in Astor has been lost Binance Co-founder Changpeng Zhao’s Vocal Support for DEX Tweet Earlier this week, he praised that “good start.”

“The lasting volume of BSC and the recent surge in DEX activity is not just a passing phase,” said Cecilia Hsueh, chief strategy officer at Crypto Exchange MEXC. Decryption.

Technical upgrades, incentive programs and integration with the vinance ecosystem are some of the key aspects that give the durability of this meta, Hseuh added.

A sudden increase in interest in BSC-based decentralized exchanges, particularly Aster and other BSC-based platforms, has led to triple-digit gatherings of several altcoins in just two days. Decryption It was reported previously.

As announced Tuesday, all eyes are in the latest proposal from BNB Chain Validators with the aim of accelerating the block interval from 750 ms to 450 ms. Tweet.

The proposal to cut gas prices by 10 times will strengthen BSC’s competitive positioning, Hseuh said.

The BNB chain is actively trying to suck up interest in DEX, but is far from high lipids, but looking at the long-term data points, there is still a long way to go as it is still a market giant.

Hyperliquid’s 30-day permanent volume of $326.77 billion is more than five times the market share of Binance’s $60.12 billion. A few weeks ago, legacy and cipher giants including Vanek, stateStreet, Sky, Ecena, Agora and more were competing to submit Hyperliquid’s USDH Stablecoin suggestion.

Still, Hesuh believes that Hyperliquid’s leadership is “no longer in conflict.” Interest in decentralized exchanges helps with high lipids, but now we need to “fight hard to maintain that edge.”