BNB Chain-based decentralized exchange (DEX) Aster is giving a tough fight to dominant players like Hyperliquid, while gaining massive traction in a short time period. Infamous crypto trader James Wynn made a bold claim that Hyperliquid will die a slow and painful death. This comes as the ASTER token rallied by a massive 2,200% over the past week, while the HYPE token crashed 25% during the same period.
James Wynn Goes Long on ASTER Token, Predicts Hyperliquid Death
Crypto trader James Wynn has expressed confidence in the decentralized exchange (DEX) Aster, noting that even Binance founder Changpeng Zhao (CZ) recently endorsed the project. The ASTER token price has seen a massive rally, shooting past $2 this week, as the BNB Chain-based project grabs eyeballs.
Wynn noted that (CZ) is determined to take Aster to the top of the market and would kill the competition along the way. As a result, the trader expects the competitor DEX Hyperliquid to decline eventually. “Hype will exist, but it will have a slow and painful death in my opinion,” said Wynn.
Note that the ASTER price rally comes on the heels of strong numbers registered by the DEX. The blockchain has emerged among the top-performing projects by revenue and trading activity. Aster’s 24-hour perpetual trading volume reached $24 billion, more than double that of rival Hyperliquid (HYPE).
The platform is now generating $10 million in daily revenue, positioning it as a key contender among leading crypto projects. Aster is generating nearly four times more daily revenue than Hyperliquid. As a result, it has been decimating competition at every end. In order to counter this competition, Hyperliquid is taking key measures, like the recent introduction of its USDH stablecoin.
Why Aster Is Better Than Hyperliquid, Explains Wynn?
Infamous crypto trader James Wynn gained popularity earlier this year after losing a massive $100 million, after facing major liquidations in Bitcoin trading positions on the Hyperliquid DEX. The trader noted that he was hunted down by the cabal. His trade positions and size were visible to all on the Hyperliquid DEX. Back then, Binance founder Changpeng Zhao called the need to build a ‘dark pool perp DEX,’ in order to avoid the MEV attacks.
The Aster decentralized exchange (DEX) exactly solves this problem! The BNB Chain-based DEX offers MEV-free execution, hidden orders, and dual trading interfaces tailored for both retail and professional users. The hidden order functionality allows traders to place limit orders without disclosing order size or presence on the public order book. Citing these reasons, trader James Wynn noted that he’s going long on ASTER token and shorting HYPE.
ASTER Token Whale Activity Jumps
Amid the ASTER price rally recently, whale activity has shot up. On-chain data shows that two whales recently accumulated 118.25 million Aster worth $270 million, representing 7.13% of the token’s circulating supply.
In a related move, 15 wallets withdrew 68.25 million Aster, worth $156.3 million, from the Aster platform four days ago. Additionally, wallet 0xFB3B, linked to Daniel Larimer and Galaxy Digital, pulled 50 million Aster, from crypto exchange Gate.io.
