Aster vs Hyperliquid: Which One Is More Promising Now?

Bittime - The crypto world continues to introduce new innovations, particularly in the DeFi and perpetual futures sectors. Two names currently being widely discussed areAster (ASTER) And Hyperliquid (HYPE). 

Both offer different technologies but compete closely in terms of liquidity, trading volume, and user adoption. Furthermore, Aster has also come under scrutiny due to alleged ties toChangpeng Zhao (CZ), founder of Binance.

This article will delve deeper into what Aster and Hyperliquid are, compare key features, highlight recent controversies, and look at potential future pricing.

Getting to know Aster and Hyperliquid

Aster (ASTER)

Aster is decentralized perpetual exchange (perp DEX)built on an ecosystemBNB ChainThis platform offers high liquidity, leveraged trading, and multi-chain support. 

Aster has gained a lot of attention because it is backed byYZi Good(formerly Binance Labs) and was once touted as a strong competitor to Hyperliquid.

Token ASTERASTER itself functions as a utility token that supports transactions in the ecosystem, staking, and incentivizes liquidity providers. Despite its recent launch, ASTER has immediately recorded very high trading volume.

Hyperliquid (HYPE)

Hyperliquid is a projectLayer-1 blockchainwhich focuses on perpetual futures and DeFi. 

Unlike Aster, which operates on the BNB Chain, Hyperliquid built its own chain withfully on-chain order bookand featureszero gas feefor perpetual transactions within its ecosystem.

Token HYPEIt's used for governance, staking, and as an incentive for validators and users. With a larger market capitalization than Aster, Hyperliquid currently has a strong presence in the perpetual futures market.

Read Also: What is Aster (ASTER)? Tokenomics and Price Prediction

The CZ Controversy and Aster's TVL Jump

Recently, Aster set a record withTVL (Total Value Locked) reaches $2 billionafter its token launch, before eventually dropping sharply to around $655 million according to DefiLlama data.

However, the 24-hour trading volume had reached$434 million, making it one of the most active derivative DEXs.

However, the surge is not free from community speculation regarding the involvement ofChangpeng Zhao (CZ). After CZ congratulated Aster on X (Twitter) with a short comment “keep building,” many users speculated that Aster might be a project launched to rival Hyperliquid’s growth.

According to a statement from a BNB Chain representative, Aster received support in the form of mentorship, ecosystem exposure, and access to technical and marketing resources through the incubation program.

With this achievement, Aster is now considered the number one DEX on the BNB Chain, although it still has some catching up to do with Hyperliquid, which records $800 million in daily volume and $15 billion in open interest.

Read Also: ASTER Coin on the Rise: Price Prediction and Impact of Binance's CZ Purchase

Key Features Comparison

Read Also: What Is USDH? The Hyperliquid Stablecoin That's Getting Attention

Tokenomics & Price Potential

ASTER Tokenomics

• Utility: staking, governance, liquidity incentive.
   
• Supply:There is still limited official information, but the initial distribution is large for liquidity providers.
   
• Potential:If the listing momentum on major exchanges continues, ASTER could rise to the range$5-$8in 6-12 months, despite high volatility.

HYPE Tokenomics

• Utility: governance, validator rewards, staking.
   
• Supply:total supply is clearer and more transparent, with distribution to validators & user ecosystem.
   
• Potential:with on-chain perpetual adoption continuing to increase, HYPE price could reach$70-$100.

Read Also: What is Hyperliquid (HYPE)?

Conclusion

Aster and Hyperliquid both have promise, but with different approaches.Astersuitable for those looking for high growth potential with high volatility risk, especially thanks to the hype and support of the Binance ecosystem.

Temporary Hyperliquidmore mature in terms of infrastructure and more stable in terms of volume and open interest, making it more suitable for long-term investors seeking stability.

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FAQ

What is Aster?

Aster is a BNB Chain-based perpetual DEX that offers leveraged trading and multichain support, with the ASTER token as its primary utility.

What is Hyperliquid?

Hyperliquid is a Layer-1 blockchain for perpetual futures with fully on-chain order book technology and zero gas fees.

Is it true that Aster is related to CZ?

There is no official evidence, but the involvement of YZi Labs (former Binance Labs) and CZ's remarks on X have led the community to speculate that CZ may have been involved.

Which is better for investment?

If you're willing to take on high risk and are pursuing aggressive growth, Aster could be appealing. For stability and established infrastructure, Hyperliquid is superior.