No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 16, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Cryptocurrency

Hyperliquid Faces Slow, ‘Painful Death’ As CZ-Backed Aster Rises

by TheAdviserMagazine
3 weeks ago
in Cryptocurrency
Reading Time: 4 mins read
A A
Hyperliquid Faces Slow, ‘Painful Death’ As CZ-Backed Aster Rises
Share on FacebookShare on TwitterShare on LInkedIn


Join Our Telegram channel to stay up to date on breaking news coverage

Hyperliquid is under siege, facing what trader James Wynn calls a “slow and painful death” as rival perpetuals DEX Aster gains ground, backed by Binance founder Changpeng Zhao, aka CZ.

Wynn, a crypto trader with almost 414k followers on X, says Aster is a “better product” and adds that CZ “will not stop until $ASTER is #1.”

“He loves competition, he loves building, and he is obsessed with winning,” Wynn said. “Hype will exist, but it will have a slow and painful death in my opinion.”.

Furthermore, CZ will not stop until $ASTER is #1.

He loves competition, he loves building and he is obsessed with winning.

Hype will exist, but it will have a slow and painful death in my opinion.

With Aster already doing more volume than HL. And with Aster being the better… https://t.co/VhncTh28od

— James Wynn (@JamesWynnReal) September 24, 2025

While Hyperliquid offers both spot and perpetuals trading, it is widely seen as Aster’s main rival in the perpetuals DEX space.

CZ Endorsement Boosts Aster

Aster is backed by YZi Labs, the private investment vehicle managing CZ’s personal wealth. It invested in Aster’s predecessor, Astherus, and supported the post-merger platform.

CZ has also publicly endorsed Aster, boosting its credibility. And BNB Chain and YZi Labs also provide it with mentorship, technical help, and marketing exposure.

Aster has also benefitted from promotion via CoinMarketCap’s CMC Launch program, which brought 400 million homepage views, millions of social media impressions, and over 500,000 clicks to Aster’s page.

Jin Choo, who leads CMC Launch, said the project was chosen for its innovation and market potential, not because of its connection with CZ and Binance.

That all helped the Aster (ASTER) token soar 334% in the past week, a period when Hyperliquid (HYPE) plunged 11%

Aster Soars In Open Interest and TVL, Overtakes Hyperliquid

With CZ’s backing, Aster is rapidly gaining traction, drawing users and liquidity away from Hyperliquid.

Aster, which operates on BNB Chain, has seen explosive growth, with open interest jumping nearly 33,500% in under a week and now rivaling Hyperliquid.

According to CoinGlass, Aster’s open interest soared from $3.72 million on Friday to $1.25 billion by Wednesday, showing that traders are quickly moving to the platform.

Open interest measures the total value of unsettled contracts and is often used to gauge market confidence and liquidity. The sharp rise suggests strong trader conviction in Aster.

Aster’s total value locked (TVL) has also surged. DefiLlama reported its TVL hit $1.85 billion on, up 196% from $625 million just five days earlier. Data from DefiLlama shows Aster handled about $24.7 billion in 24 hours while Hyperliquid managed $10 billion.

“With Aster already doing more volume than HL. And with Aster being the better product. And with $HYPE unlocks starting in November, I don’t even think the fear has kicked in yet,” said Wynn. ”I’m long $aster and I’m short $hype.”

But Hyperliquid remains No. 1 when measured by seven-day and 30-day perpetual volumes, with Hyperliquid recording $66 billion and $300 billion, respectively, over those periods. And its market capitalization of $13.8 billion still dwarfs Aster’s $3.3 billion.

Related Articles:

Best Wallet – Diversify Your Crypto Portfolio

Best WalletBest Wallet

Easy to Use, Feature-Driven Crypto Wallet
Get Early Access to Upcoming Token ICOs
Multi-Chain, Multi-Wallet, Non-Custodial
Now On App Store, Google Play
Stake To Earn Native Token $BEST
250,000+ Monthly Active Users

Best WalletBest Wallet

Join Our Telegram channel to stay up to date on breaking news coverage



Source link

Tags: AsterCZBackedDeathfacesHyperliquidPainfulRisesslow
ShareTweetShare
Previous Post

Systems Thinking for Law Firms: Seeing the Bigger Picture

Next Post

John M. Horack | The EDU Ledger

Related Posts

edit post
Binance Unleashes 0M Market Rescue With Instant Relief for Liquidated Traders

Binance Unleashes $400M Market Rescue With Instant Relief for Liquidated Traders

by TheAdviserMagazine
October 15, 2025
0

Binance has unleashed a $400 million lifeline to stabilize the crypto market, launching an aggressive relief and liquidity campaign designed...

edit post
US President Trump Confirms Trade War With China

US President Trump Confirms Trade War With China

by TheAdviserMagazine
October 15, 2025
0

Update Oct 15, 10:55pm: This article has been updated to include comments from US Treasury Secretary Scott Bessent and the...

edit post
Sony Bank files for OCC charter to issue and manage US stablecoins

Sony Bank files for OCC charter to issue and manage US stablecoins

by TheAdviserMagazine
October 15, 2025
0

Key Takeaways Sony Bank, majority-owned by Sony, is seeking a national trust bank charter with the OCC to enable it...

edit post
What This Means for Altcoins like $HYPER

What This Means for Altcoins like $HYPER

by TheAdviserMagazine
October 15, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Quick Facts: 1️⃣ Representative Troy Downing (R-Mont.)...

edit post
Sui Price Targets .5 as Figure Brings SEC-Approved YLDS to Sui

Sui Price Targets $9.5 as Figure Brings SEC-Approved YLDS to Sui

by TheAdviserMagazine
October 15, 2025
0

Sui price has attracted renewed market interest after its strategic collaboration with Figure Technology Solutions brought the SEC-approved YLDS token...

edit post
Are miners now net accumulators? Marathon adds 400 BTC after the crash

Are miners now net accumulators? Marathon adds 400 BTC after the crash

by TheAdviserMagazine
October 15, 2025
0

Bitcoin (BTC) miner MARA Holdings purchased 400 BTC for approximately $46 million on Oct. 13, capitalizing on the market collapse...

Next Post
edit post
John M. Horack | The EDU Ledger

John M. Horack | The EDU Ledger

edit post
Earnings Summary: Highlights of Jabil’s (JBL) Q4 2025 report

Earnings Summary: Highlights of Jabil’s (JBL) Q4 2025 report

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Massachusetts Treasury Check Fraud: .8 Million Scheme Leads to Federal Charges 

Massachusetts Treasury Check Fraud: $8.8 Million Scheme Leads to Federal Charges 

September 22, 2025
edit post
Foreclosure Starts Are Up in Key States—What Do Early-Stage Filings Mean For Investors?

Foreclosure Starts Are Up in Key States—What Do Early-Stage Filings Mean For Investors?

0
edit post
Drug Price Wars: What Can Really Tame Big Pharma?

Drug Price Wars: What Can Really Tame Big Pharma?

0
edit post
Mortgage Rates Today, Wednesday, October 15: Noticeably Lower

Mortgage Rates Today, Wednesday, October 15: Noticeably Lower

0
edit post
Binance Unleashes 0M Market Rescue With Instant Relief for Liquidated Traders

Binance Unleashes $400M Market Rescue With Instant Relief for Liquidated Traders

0
edit post
Electric aircraft startup Beta Technologies seeks to raise 5M in IPO

Electric aircraft startup Beta Technologies seeks to raise $825M in IPO

0
edit post
Bunge surges to lead S&P 500 after better-than-expected earnings revision lifts overhang (BG:NYSE)

Bunge surges to lead S&P 500 after better-than-expected earnings revision lifts overhang (BG:NYSE)

0
edit post
Drug Price Wars: What Can Really Tame Big Pharma?

Drug Price Wars: What Can Really Tame Big Pharma?

October 16, 2025
edit post
Binance Unleashes 0M Market Rescue With Instant Relief for Liquidated Traders

Binance Unleashes $400M Market Rescue With Instant Relief for Liquidated Traders

October 15, 2025
edit post
MacKenzie Scott triples down on DEI with  million donation to African American Cultural Heritage Action Fund

MacKenzie Scott triples down on DEI with $40 million donation to African American Cultural Heritage Action Fund

October 15, 2025
edit post
Electric aircraft startup Beta Technologies seeks to raise 5M in IPO

Electric aircraft startup Beta Technologies seeks to raise $825M in IPO

October 15, 2025
edit post
Bunge surges to lead S&P 500 after better-than-expected earnings revision lifts overhang (BG:NYSE)

Bunge surges to lead S&P 500 after better-than-expected earnings revision lifts overhang (BG:NYSE)

October 15, 2025
edit post
US President Trump Confirms Trade War With China

US President Trump Confirms Trade War With China

October 15, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Drug Price Wars: What Can Really Tame Big Pharma?
  • Binance Unleashes $400M Market Rescue With Instant Relief for Liquidated Traders
  • MacKenzie Scott triples down on DEI with $40 million donation to African American Cultural Heritage Action Fund
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.