The crypto community is actively discussing the rivalry between two decentralized exchanges, Aster and Hyperliquid. Amid growing interest in the DEX market, Aster’s supporters are putting forward a number of arguments that the project could outperform its competitor.
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Aster offers 24/7 perpetual contracts on US stocks. This is a rare feature for a DEX, and it sets the project apart from its competitors.
The project’s native stablecoin, USDF, is converted from USDT at a 1:1 ratio and generates additional income through user activity and fee sharing.
Changpeng Zhao (CZ), CEO of Binance and founder of YZi Labs, is a strong supporter of Aster. His involvement is seen as a strategic advantage for the project. Few projects can boast the backing of the founder of a major crypto exchange.
Aster is affiliated with YZi Labs, providing centralized support and resources for rapid scaling. This distinguishes the project from its more fragmented competitors.
Binance remains the largest centralized exchange by trading volume. Aster’s close relationship with the project opens up marketing and user acquisition channels unavailable to many other projects.
While Hyperliquid’s audience is largely built around crypto Twitter and professional traders, Aster is targeting a broader retail base, which could provide the project with increased reach.
Aster is backed by YZi Labs, giving the project access to capital and business connections. This position allows it to actively compete for liquidity and partnerships.
Expanding liquidity is one of Aster’s priorities. If the project succeeds in attracting market makers and algorithmic traders, it will be able to compete with Hyperliquid in terms of order book depth.
At the time of publication, the ASTER token’s market capitalization is estimated at approximately $1 billion, and its fully diluted value (FDV) is approximately $5 billion. Tokenomics are being built with an emphasis on a controlled supply.
ASTER’s market capitalization is currently lower than Hyperliquid’s, creating room for potential growth. However, the total token supply is capped at eight billion, with a significant portion circulating under the control of the team and YZi Labs. This tokenomic model allows the project to flexibly manage issuance, marketing, and liquidity, potentially accelerating its market advancement.
The competition between the Aster and Hyperliquid teams is not only technical but also strategic. CZ’s role as an experienced market player heightens interest in this rivalry. BeInCrypto previously reported that Zhao may view Aster as a tool to undermine Hyperliquid’s leadership. The businessman has experience challenging major projects, which has led to their demise.
Источник: cryptocurrency.tech
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