騎著Asterrest Wave：分散交換革命中的質量

Aster在Defi空間中引起了波浪，挑戰了Hyperliquid等巨人。它的重點是社區和多鏈流動性是質量和持續成功的關鍵嗎？

Riding the Aster Crest Wave: Quality in the Decentralized Exchange Revolution

騎著Asterrest Wave：分散交換革命中的質量

The decentralized exchange (DEX) landscape is heating up, and Aster is making a splash. With a unique approach to liquidity and community engagement, Aster is vying for a piece of the pie dominated by Hyperliquid. But can it deliver on quality and long-term sustainability?

分散的交換（DEX）景觀正在加熱，Aster散發出來。阿特（Aster）採用獨特的流動性和社區參與方法，爭奪一塊以超流動性為主的餡餅。但是，它可以實現質量和長期可持續性嗎？

Aster's Ambitious Vision

阿斯特的雄心勃勃的願景

Born from the merger of Astherus and APX Finance, Aster aims to tackle liquidity fragmentation across multiple chains. Unlike Hyperliquid's focused Layer 1 approach, Aster embraces a multi-chain strategy, supporting BNB Chain, Ethereum, Solana, and Arbitrum. This broad reach allows it to tap into diverse DeFi ecosystems and cater to users with specific chain preferences.

Aster源於Astherus和APX Finance的合併，旨在應對多個連鎖店的流動性分裂。與Hyperliquid的專注1層方法不同，Aster採用了多鏈策略，支持BNB鏈，以太坊，Solana和inotum。這種廣泛的範圍使其能夠利用各種自我生態系統，並適合具有特定鏈條偏好的用戶。

Key Features: Solving On-Chain Trading Pain Points

關鍵特徵：解決鏈交易點疼痛點

Aster introduces innovative features like a "hidden order" system to combat front-running and liquidation manipulation. This dark pool-like design conceals order details until execution, a feature praised by figures like Changpeng Zhao. Furthermore, its margin system supports both segregated and cross-collateralized trading, enhancing capital efficiency for users.

Aster引入了創新功能，例如“隱藏訂單”系統，以打擊正面運行和清算操作。這種類似深色池的設計掩蓋了訂單的細節，直到執行為止，這一功能受到Changpeng Zhao等人物的稱讚。此外，其保證金系統支持隔離和交叉化的交易，從而提高了用戶的資本效率。

Aster vs. Hyperliquid: A Tale of Two Strategies

Aster vs. Hyperliquid：兩個策略的故事

Hyperliquid, with its dedicated Layer 1 blockchain, has set the standard for transaction execution efficiency. However, Aster's multi-chain approach offers advantages that Hyperliquid struggles to match. Integration with yield protocols like Pendle and Venus creates opportunities for capital efficiency that Hyperliquid's isolated L1 architecture can't replicate. Plus, Aster offers higher leverage options, even extending to US stock perpetual contracts.

Hyperliquid及其專用第1層區塊鏈，為交易執行效率設定了標準。但是，Aster的多鏈方法提供了超流動鬥爭匹配的優點。與Pendle和Venus這樣的收益協議的集成為資本效率創造了機會，使Hypliquid的孤立L1體系結構無法複製。另外，Aster提供更高的槓桿選擇，甚至擴展到美國股票永久合同。

Tokenomics: Community vs. Revenue

Tokenomics：社區與收入

Aster's tokenomics prioritize community incentives, allocating a whopping 53.5% of its tokens to airdrops and community rewards. This contrasts with Hyperliquid's more traditional approach of aggressive buybacks using protocol revenue. While Aster's community-focused strategy might create stronger network effects, its long-term sustainability hinges on convincing users of its business model.

Aster的Sokenomics優先考慮社區激勵措施，將其代幣的53.5％分配給了氣流和社區獎勵。這與使用協議收入的超級流動性更傳統的積極回購方法形成鮮明對比。儘管Aster以社區為中心的戰略可能會產生更強大的網絡效應，但其長期可持續性取決於令人信服的用戶對其業務模型。

Binance's Backing: Ecosystem Defense?

Binance的支持：生態系統防禦？

Aster's launch isn't happening in a vacuum. YZi Labs (formerly Binance Labs) has been quietly funding Aster's development, suggesting a strategic move by Binance to defend its ecosystem. By investing in DeFi alternatives within its sphere of influence, Binance aims to maintain its dominance in the derivatives market.

Aster的發射沒有在真空中發生。 Yzi Labs（以前是Binance Labs）一直在悄悄地為Aster的發展提供資金，這暗示了Binance以捍衛其生態系統的戰略舉動。通過在其影響力領域投資Defi替代方案，binance旨在保持其在衍生品市場中的優勢。

A Word of Caution (and a Dash of Optimism)

一個謹慎的話（以及樂觀的一點點）

While Aster boasts impressive features and strong backing, it's crucial to approach it with a healthy dose of skepticism. The platform's total locked value plummeted after its initial surge, raising questions about its long-term adoption. Innovations that seem too good to be true often are.

儘管Aster具有令人印象深刻的特徵和強大的支持，但至關重要的是，以健康的懷疑態度接近它。該平台最初激增後，該平台的總鎖定價值暴跌，引發了有關其長期採用的疑問。似乎太好了，無法實現的創新。

Ultimately, Aster's success will depend on its ability to convince traders to switch from Hyperliquid's proven infrastructure. But hey, competition is good for everyone, right? So, grab your popcorn and let's see how this decentralized exchange showdown unfolds!

最終，Aster的成功將取決於其說服交易者從高流動性的基礎設施轉移的能力。但是嘿，競爭對每個人都有好處，對嗎？因此，抓住您的爆米花，讓我們看看這個分散的交換攤牌如何展開！