陈剑Jason|Mar 18, 2026 14:15
Aster has been struggling at the 0.7 position for the past few months, despite posting positive news on the main website yesterday. It happens to be on the cost line for my second wave of warehouse building. The next visible positive news according to Roadmap is the addition of collateral. If there is still little movement after the collateral is added, it may undermine the confidence of many people.
In my impression, Hyperliquid had two particularly beautiful battles. The first one was when Binance launched VC coins on a high-frequency basis, and Hyperliquid cooperated with the earliest contract. As a result, a large number of people followed Binance's listing announcement and went short on Hyperliquid. In this battle, Hyperliquid stole a lot of traffic and users from the cryptocurrency circle.
The second battle was the recent war in Iran, where Hyperliquid made a name for itself through crude oil trading. Bloomberg, The New York Times, and other external media outlets reported on Hyperliquid, and in this battle, it emerged from the cryptocurrency industry and entered the mainstream.
Hyperliquid now feels a bit like a Polymarket in the mainstream's eyes, which is also the honor that the two major native projects in the cryptocurrency circle have received mainstream recognition in this cycle.
Aster is much dimmer compared to others, and I don't know if it's path dependency. It's still spinning around in the circle.
Of course, it can also be seen that CZ has tried his best and shouted diligently on Twitter, but CZ can't just watch Hyperliquid continue to be so awesome One is 40 billion, the other is 5.5 billion, the market value is almost 8 times different
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