Aster Dey Lead Perpetual DEX Race, HYPE Dey Face Unlock Pressure
Aster don rise pass 9,900% since e launch on September 17, show say competition for perpetual DEX strong well well. Binance and YZi Labs incubate am for BNB Chain and so e market cap climb go $3.3 billion, TVL reach $1.16 billion and 24-hour volume pass $55 million for the first five days. After Binance add USDT, USDC and TRY pairings, Aster 24-hour volume jump 50% reach $1.9 billion and weekly volume cross $2 billion. Technical charts show say Aster don break above $2 with RSI just dey near overbought, mean say e still fit go higher. Meanwhile, Hyperliquid (HYPE) dey face strong sell pressure. From late November, monthly token unlock of 237.8 million HYPE over two years fit add $500 million supply every month. Only 17% dey absorb through fee buybacks, so $410 million gap fit weigh price down. Traders dey look support for $47.44 and resistance for $49.72. Overall, perpetual DEX sector ready for more wahala as Aster and HYPE dey compete for market share.
Bullish
We dey categorize di impact as bullish because Aster rapid rise and increased trading volume dey signal strong short-term momentum for di perpetual DEX sector. Di Binance listing and high RSI dey suggest say buying pressure go continue. Even though Hyperliquid dey face big sell-side pressure from large token unlocks, dis one dey mainly affect HYPE, no be Aster. For long term, Aster ability to maintain liquidity, user experience, and regulatory resilience fit solidify its market position and strengthen price potential to go up. Even though Hyperliquid unlock schedule fit cause some volatility, di overall news dey favor Aster price trend, giving perpetual DEX market better bullish outlook.