Beginners

Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Aster Captures 90% Market Share, Squeezing Hyperliquid and Binance

Source Tradingkey

TradingKey – Aster’s dominance in the perpetual DEX sector surges toward 90%, posing a serious challenge to centralized exchanges.

On Sunday, September 28, decentralized perpetual contract protocol Aster (ASTER) continued its meteoric rise, reaching nearly 90% market share with $47 billion in 24-hour trading volume — far surpassing rivals like Hyperliquid (HYPE), Superp, and Drift Protocol.

altText

Perpetual DEX Rankings – Source: CoinMarketCap.

Aster’s rapid ascent is not only eroding Hyperliquid’s market share but also threatening Binance’s perpetual contract business. Binance founder Changpeng Zhao (CZ) commented on social media today, stating, “Aster competes with Binance, but it’s good for BNB.”

Just recently, CZ declared that “the Perp DEX era has arrived,” signaling a shift in the competitive landscape for perpetual trading. While this trend challenges centralized exchanges like Binance, it may benefit CZ personally — his investment firm YZi Labs holds equity in Aster.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View Ethereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the

Author NewsBTC

Apr 27, Sun

Ethereum, the second-largest cryptocurrency, has increased by 12.3% over the past seven days. Interestingly, Ethereum has held its ground firmly, supported by a clean uptrend that began after the

OpenAI Introduces Lowest-Cost ChatGPT Subscription in India with UPI Payment Option On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

Author Mitrade

Aug 19, Tue

On Tuesday, OpenAI introduced ChatGPT Go, its most affordable AI subscription tier, targeting the price-sensitive Indian market. Nick Turley, OpenAI’s Vice President and Head of ChatGPT, announced the launch via an X post, highlighting that users can pay through India’s Unified Payments Interface (UPI).

ANZ Raises Gold Price Forecast to $3,800/Oz, Predicts Rally to Continue Through 2026 Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.

Author Mitrade

Sept 10, Wed

Gold is expected to continue its upward momentum throughout 2025 and into early 2026, driven by ongoing geopolitical tensions, macroeconomic challenges, and market anticipation of U.S. monetary easing, according to analysts from ANZ in a research note released Wednesday.

Tesla set to beat Q3 delivery estimates on robust U.S. and China demand, says RBC Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).

Author Mitrade

Sept 26, Fri

Tesla (NASDAQ: TSLA) is on track to exceed market expectations for third-quarter deliveries, driven by stronger sales momentum in both the United States and China, according to RBC Capital Markets. The firm projects 456,000 vehicle deliveries for Q3, compared with consensus forecasts of 440,000 (Visible Alpha) and 448,000 (FactSet).

Bitcoin drops below $110K ahead of $22B options expiry; altcoins tumble Bitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.

Author Mitrade

Sept 26, Fri

Bitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.

Popular Symbols