CZ’s New Coin: Can Aster Dethrone Hyperliquid?

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Key Takeaways

What sorcery caused ASTER to soar by 1,000% in a week? 🚀

Backed by CZ and major listings, Aster drew two million users, $520 billion volume, and overtook BSC-USDT balances. A tale of ambition, or a fleeting mirage? 🧙‍♂️

How does Aster compare with Hyperliquid? 🤔

Hyperliquid’s $18.9 billion market cap dwarfed ASTER’s $1.6 billion. Yet, ASTER’s hidden orders and momentum hinted it could challenge HYPE’s dominance later. A David vs. Goliath saga? 🦌

The battle for decentralized exchange (DEX) dominance intensified as more users shifted trading to on-chain platforms. A modern-day gold rush, perhaps? 🏴‍☠️

On that note, a newly launched Aster [ASTER] DEX on Binance Smart Chain (BSC), parent chain to Binance Coin [BNB], premiered as a competitor to the Hyperliquid [HYPE]. A match made in crypto heaven? 🤝

ASTER led the top 100 crypto market with a 54% gain in 24 hours, while HYPE fluctuated by 0.32%. A rollercoaster ride for investors! 🎢

Following a mention by Binance founder Changpeng Zhao (CZ), ASTER surged by more than 350% in one day and over 1,000% in a week, reaching $0.50 at its peak. A meteoric rise, or a bubble waiting to pop? 💥

Market watchers questioned whether the token’s rally could rival Hyperliquid’s presence. A question as old as time: can the underdog triumph? 🤷‍♂️

On top of that, discussions on X (formerly Twitter) highlighted whether it could sustain momentum or if the surge resembled a bubble. A tale of hubris, perhaps? 🧠

DEX battle

Innovation and a growing user base have fueled Aster DEX’s rising dominance as an exchange. A phoenix rising from the ashes of competition? 🦅

It draws similarities from PancakeSwap [CAKE] in airdrop and farming percentages and tokenomics, as per Virtual Bacon. Perhaps the DEX is poised to become another “CAKE of 2021,” but with a focus on 2025. A sequel to a forgotten film? 🎬

The project gained CZ’s backing, which secured listings on Binance Alpha and Futures, MEXC, Gate.io, and HTX. A golden ticket to the crypto elite! 🎟️

On-chain activity seconded the hype around ASTER. A digital dance of numbers and greed? 💸

About 2 million users had been onboarded, contributing about $520 billion in total trading volume, as per a crypto analyst. On the other hand, Hyperliquid added 683,898 users over the same period. A crowd versus a trickle? 🌧️

Even so, Arkham data showed Aster’s vault became the second-largest BSC-USDT holder after Binance’s hot wallet. Hyperliquid responded by launching USDH, signaling a contest over stablecoin liquidity. A duel of the titans! ⚔️

In terms of development uniqueness, Aster was the first DEX to have hidden orders. The feature allowed for the placement of limit orders, completely concealed from the public order book. A secret society of traders? 👀

Apart from its advantages, did this feature affect the transparency of blockchain technology? A question as elusive as a shadow in the dark. 🕵️‍♂️

ASTER vs HYPE price analysis

At press time, ASTER’s market cap had peaked at $1.60 billion, while HYPE’s stood at $18.89 billion, making Hyperliquid roughly 11 times larger. A chasm of wealth, or a bridge yet to be built? 🌉

On the 15-minute chart, ASTER maintained its upward momentum, while HYPE showed signs of a mild recovery after a recent dip. Hyperliquid was trading at $56.54, just $4 below its peak, underscoring its resilience. A phoenix that never truly falls? 🦉

That left traders focused on whether Aster’s rise could outlast short-term hype. Despite momentum, it had not yet outperformed Hyperliquid’s entrenched liquidity and scale. A David who’s still learning to throw stones. 🧱

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2025-09-20 22:47