Avantis and Aster Tokens Surge as Perpetual DEX Market Cools
The perpetual DEX sector is experiencing a cooling phase, with Total Value Locked (TVL) declining from $6.1B to $5.1B between September 13 and September 22.
- New entrants Avantis ($AVNT) and Aster ($ASTER) show resistance to the downturn with significant gains.
Avantis: Growth Insights
- $AVNT token price increased by 66% in one week, from $1.25 to $2.05.
- TVL grew by 27%, from $17.7M to $22.6M.
- Focuses on innovative derivatives products and user-friendly interfaces.
- Token’s price rose 641% over the past month.
Aster: Explosive Performance
- $ASTER token surged 2213%, from $0.20 to $1.90 in a month.
- TVL increased by 228%, from $370M to $1.21B.
- Boosted by endorsement from Changpeng Zhao and trader rotation from underperforming projects.
Market Dynamics and Sustainability Concerns
- Questions about sustainability of surging TVL and token prices.
- Speculative momentum may fade quickly, as seen with Hyperliquid’s decline.
Bitcoin Hyper: Potential for DeFi Integration
- $HYPER aims to integrate Bitcoin into DeFi, offering fast transactions without sacrificing stability.
- Presale surpassed $17M, indicating strong investor interest.
- Potential reinforced by success of $AVNT and $ASTER.
The rise of Avantis and Aster illustrates new protocols attracting traders through innovation and higher potential returns, even as the overall market consolidates. Sustainability remains uncertain.