Hyperliquid Faces Slow, ‘Painful Death’ As CZ-Backed Aster Rises

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High lipids are surrounded and face what trader James Wynn calls “slow and painful death.”

Wynn, a crypto trader with nearly 414k followers on X, adds that Aster is a “better product” and that CZ “doesn’t stop until $Aster is #1.”

“He loves competition, he loves buildings and is passionate about victory,” Wynn said. “There’s hype, but in my opinion, I’ll have a slow, painful death.”

Hyperliquid offers both spot and permanent deals, but it is widely seen as Aster’s main rival in the permanent Dex space.

CZ approval boosts Aster

Aster is backed by YZI Labs, a private investment vehicle that manages CZ’s personal wealth. It invested in Astherus, the predecessor of Aster, and supported the post-merger platform.

CZ also publicly supports Aster and is increasing its credibility. Additionally, the BNB Chain and YZI Labs provide mentorship, technical help and marketing exposures.

Aster also benefits from promotions through Coinmarketcap’s CMC launch program, bringing Aster’s page with 400 million homepage views, millions of social media impressions and over 500,000 clicks.

Jin Chu, who heads the launch of CMC, said the project was chosen not because of CZ’s relationship with Binance, but because of innovation and market potential.

It all helped Aster (Aster) tokens rise 334% over the past week.

Hyperliquid Faces Slow, 'Painful Death' As CZ-Backed Aster RisesHyperliquid Faces Slow, 'Painful Death' As CZ-Backed Aster Rises

Aster soars with open interest and TVL, overtaking the fat

With CZ support, Aster rapidly gains traction, separating users and fluidity from high liquids.

Working on the BNB chain, Aster has seen explosive growth, with nearly 33,500% interest growing within a week, and now rivaling high lipids.

According to Coinglass, Aster’s public interest surged from $3.72 million on Friday to $1.25 billion by Wednesday, indicating traders are moving rapidly to the platform.

Open profits are often used to measure the total value of open contracts and to assess market confidence and liquidity. The surge suggests the conviction of Aster’s powerful trader.

The total Aster value is locked (TVL) is also rapidly increasing. Defillama reported that TVL was $185 at $1.855 billion, up 196% from $625 million just five days ago. Data from Defillama shows that Aster processed about $24.7 billion in 24 hours, while Hyperliquid manages $10 billion.

“Aster already has more volume than HL, and Aster is a better product. $High Advertisement I don’t think the fear has started yet when I unlocked it from November,” Wynn said. $ aster And I’m short $High Advertisement. ”

However, high liquids remain number one when measured in permanent quantities of 7 and 30 days, with high liquid records recording $66 billion and $300 billion respectively over these periods. And it dwarped Aster’s market capitalization of $13.8 billion.

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