Bybit，Crypto和Perp Dexs：Aster挑战超流利

Bybit的见解强调了分散的永久交流（PERP DEX）的不断发展的景观，Aster成为了强大的竞争者，成为了超级流动性的强大竞争者。

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.

哟，加密爱好者！让我们深入研究一切正在加热的世界化永久交流（PERP DEX）的世界。 Bybit的最新加密见解报告揭示了一个引人入胜的权力转移，Astppepped逐渐挑战超流动性的主导地位。

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的合并形成的，用一个令牌猛增了300％以上的代币。它的市值在两天内达到了13.3亿美元。关键功能包括无MEV执行和双交易界面，可满足零售和专业用户的需求。另外，零知识驱动的链和二元生态系统集成的计划正在严重提高其概况。

Hyperliquid vs. Aster: A Clash of Titans

超级流动与翠菊：泰坦的冲突

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!

超级流动仍然持有王室，9月份的交易量约为2000亿美元，而阿斯特（Aster）的200亿美元则为2000亿美元。它的市值估计为132亿美元，矮小的阿斯特（Aster）的25亿美元。但是不要刚算一下！

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.

他们的策略差异很大。 Hyperliquid构建了自己的第1层基础架构，用于集中式交换式执行。在BNB链上发射的Aster专注于生态系统整合，品牌和代币驱动的增长。就像乌龟和野兔一样，但是有区块链。

Decentralization Taking a Backseat?

权力下放倒退？

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的报告指出，无信任性和社区治理正在为速度，流动性和用户体验而失去基础。 Hyperliquid通过优化交易的区块链设定了标准，但是Aster通过叙事和激励措施获得了吸引。

Bybit Enters the DEX Race

Bybit进入DEX比赛

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不只是从场边看。他们与基于Solana的交易所Byreal跳入了链DEX游戏。在Beta阶段，Byreal的累计交易量已经超过3.3541亿美元。密切关注这个！

The Future of Perp DEXs

perp dexs的未来

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正在发展。权力下放越来越多，而不是基本原则。随着集中式交流推出自己的版本，预计竞争会激增。由于市场越来越重视讲故事，生态系统激励措施和文化共鸣以及技术绩效以及技术绩效，超级流动性面临着一个真正的挑战。

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

北美的加密场景：不止于此

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.

虽然Perp Dex景观正在发生变化，但值得注意的是，美国加密货币市场有自己的怪癖。尽管贸易活动很高，但美国银行的一项调查显示，有75％的投资者没有加密货币。但是，北美仍在推动大量交易量，约占全球活动的26％。比特币和以太坊ETF的认可正在促进机构参与，因此有足够的增长空间。

Final Thoughts

最后的想法

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!

那么，这全是什么意思？ PERP DEX世界充满活力，新的参与者和策略不断出现。 bybit在它的厚度中，无论是观察者还是参与者。这就像观看高风险扑克游戏，但有更多区块链。扣紧，因为旅程才刚刚开始！