“The war continues. With the increase in the popularity of DEX (decentralized exchange) Aster on the BNB chain, Hyperliquid has found a very serious competitor. It should be noted that the Bitcoin (BTC) and cryptocurrency market is constantly developing, and trading platforms are fierce fighting for attracting (and maintaining) traders and investors. Key points in this article: Aster surpassed Hyperliquid by daily bidding volumes […]”, – WRITE: Businessua.com.ua
The war continues. With the increasing popularity of DEX (decentralized exchange) Aster on BNB chain , Hyperliquid found a very serious competitor . It should be noted that the Bitcoin (BTC) market and cryptocurrency is constantly developing and trading platforms lead fierce struggle for involvement (and maintenance) of traders and investors.
The key points of this article:
- Aster surpassed Hyperliquid on daily volumes of bidding under indefinite contracts, reaching an impressive $ 66 billion.
- (Stupid) The credit shoulder, which offers Aster, up to X300, attracts traders, despite the increased risks.
Aster vs Hyperliquid: War of levers of influence? Indefinite futures contracts (PERP) on exchanges Aster and Hyperliquid They are now in the spotlight. According to data Defillama Aster recently surpassed Hyperliquid for 24-hour volumes of these indefinite contracts, reaching $ 66 billion compared with $ 7.6 billion The competitor. This ratio is almost 1 to 9!
The performance difference between the two platforms can be explained by the level credit shoulder, which they offer. According to Max Arch, Senior author Boltliqua, on X: Aster offers absolutely incredible credit shoulder 100x to 300x whereas Hyperliquid usually reaches a maximum in 40x and even closer to 20x in general. This above credit shoulder attracts traders looking for a quick profit, though it also increases the risk of significant losses .
“(…) Traders attract [вище] Credit shoulder, regardless of the quality of the base platform. But we will see how an increased risk associated with higher credit shoulder restrictions will affect platforms such as Aster in the long run. (…) ”
Max Arch, Senior author Boltliqua
Mixed performance for native tokens Despite the increase in trading volume, these two platforms have not yet observed bull recovery For their native tokens, Aster and Hype . Although these two digital assets have recently reached Ath (historical maxima) – September 18 for Hype and September 24 for Aster – The current general gloom in the cryptocurrency market did not spare them.
At the time of writing the article the price of token Aster fell from the maximum in $ 2,41 to approximately $ 1.70 . Meanwhile the price of token Hype fell from the maximum in $ 59.30 to $ 44.60 .
Competition between Aster and Hyperliquid is a good illustration of the current dynamics in the cryptocurrency sector, and the credit shoulder seems to be a significant argument for attracting traders. Since cryptoric continues to be nervous and aimless after a painful bear week on September 22 it will be interesting to see how these two giants of derivative trade adapt to future challenges.
Source: Journalducoin.com
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