Bybit，Crypto和Perp Dexs：Aster挑戰超流利

Bybit的見解強調了分散的永久交流（PERP DEX）的不斷發展的景觀，Aster成為了強大的競爭者，成為了超級流動性的強大競爭者。

Yo, crypto enthusiasts! Let's dive into the world of decentralized perpetual exchanges (Perp DEXs), where things are heating up. Bybit's latest Crypto Insights report reveals a fascinating power shift, with Aster stepping up to challenge Hyperliquid's dominance.

喲，加密愛好者！讓我們深入研究一切正在加熱的世界化永久交流（PERP DEX）的世界。 Bybit的最新加密見解報告揭示了一個引人入勝的權力轉移，Astppepped逐漸挑戰超流動性的主導地位。

The Rise of Aster

阿斯特的崛起

Formed from the merger of Astherus and ApolloX, Aster burst onto the scene with a token that skyrocketed over 300% in hours. Its market cap hit a cool $1.33 billion within two days. Key features include MEV-free execution and dual trading interfaces, catering to both retail and pro users. Plus, plans for a zero-knowledge-powered chain and Binance ecosystem integration are seriously boosting its profile.

Aster是由Astherus和Apollox的合併形成的，用一個令牌猛增了300％以上的代幣。它的市值在兩天內達到了13.3億美元。關鍵功能包括無MEV執行和雙交易界面，可滿足零售和專業用戶的需求。另外，零知識驅動的鍊和二元生態系統集成的計劃正在嚴重提高其概況。

Hyperliquid vs. Aster: A Clash of Titans

超級流動與翠菊：泰坦的衝突

Hyperliquid still holds the crown, boasting around $200 billion in September trading volume compared to Aster's $20 billion. Its market cap is estimated at $13.2 billion, dwarfing Aster's $2.5 billion. But don't count Aster out just yet!

超級流動仍然持有王室，9月份的交易量約為2000億美元，而阿斯特（Aster）的200億美元則為2000億美元。它的市值估計為132億美元，矮小的阿斯特（Aster）的25億美元。但是不要剛算一下！

Their strategies differ wildly. Hyperliquid built its own Layer 1 infrastructure for centralized exchange-like execution. Aster, launched on BNB Chain, focuses on ecosystem integration, branding, and token-driven growth. It's like the tortoise and the hare, but with blockchains.

他們的策略差異很大。 Hyperliquid構建了自己的第1層基礎架構，用於集中式交換式執行。在BNB鏈上發射的Aster專注於生態系統整合，品牌和代幣驅動的增長。就像烏龜和野兔一樣，但是有區塊鏈。

Decentralization Taking a Backseat?

權力下放倒退？

Bybit's report points out that trustlessness and community governance are losing ground to speed, liquidity, and user experience. Hyperliquid set the standard with its blockchain optimized for trading, but Aster is gaining traction through narrative and incentives.

Bybit的報告指出，無信任性和社區治理正在為速度，流動性和用戶體驗而失去基礎。 Hyperliquid通過優化交易的區塊鏈設定了標準，但是Aster通過敘事和激勵措施獲得了吸引。

Bybit Enters the DEX Race

Bybit進入DEX比賽

Bybit isn't just watching from the sidelines. They've jumped into the on-chain DEX game with Byreal, a Solana-based exchange. In its beta phase, Byreal has already recorded over $335.41M in cumulative trading volume. Keep an eye on this one!

Bybit不只是從場邊看。他們與基於Solana的交易所Byreal跳入了鏈DEX遊戲。在Beta階段，Byreal的累計交易量已經超過3.3541億美元。密切關注這個！

The Future of Perp DEXs

perp dexs的未來

Decentralized perpetual DEXs are evolving. Decentralization is becoming more of a feature than a fundamental principle. With centralized exchanges launching their own versions, expect competition to skyrocket. Hyperliquid faces a real challenge, as the market increasingly values storytelling, ecosystem incentives, and cultural resonance alongside technical performance.

分散的永久性DEX正在發展。權力下放越來越多，而不是基本原則。隨著集中式交流推出自己的版本，預計競爭會激增。由於市場越來越重視講故事，生態系統激勵措施和文化共鳴以及技術績效以及技術績效，超級流動性面臨著一個真正的挑戰。

North America's Crypto Scene: More Than Meets the Eye

北美的加密場景：不止於此

While the Perp DEX landscape is shifting, it's worth noting that the U.S. crypto market has its own quirks. Despite high trading activity, a Bank of America survey revealed that 75% of investors have no crypto exposure. However, North America still drives significant transaction volumes, accounting for about 26% of global activity. The approval of Bitcoin and Ethereum ETFs is boosting institutional participation, so there's plenty of room for growth.

雖然Perp Dex景觀正在發生變化，但值得注意的是，美國加密貨幣市場有自己的怪癖。儘管貿易活動很高，但美國銀行的一項調查顯示，有75％的投資者沒有加密貨幣。但是，北美仍在推動大量交易量，約佔全球活動的26％。比特幣和以太坊ETF的認可正在促進機構參與，因此有足夠的增長空間。

Final Thoughts

最後的想法

So, what does this all mean? The Perp DEX world is dynamic, with new players and strategies constantly emerging. Bybit is right in the thick of it, both as an observer and a participant. It’s like watching a high-stakes poker game, but with more blockchain. Buckle up, because the ride is just getting started!

那麼，這全是什麼意思？ PERP DEX世界充滿活力，新的參與者和策略不斷出現。 bybit在它的厚度中，無論是觀察者還是參與者。這就像觀看高風險撲克遊戲，但有更多區塊鏈。扣緊，因為旅程才剛剛開始！