Defi goes back and forth, but the latest developments in this sector have been amazed even for experienced players.
The permanent DEX (Distributed Exchange) sector is in the cooling phase. The locked total value (TVL) fell from a history high of around $6.1 billion on September 13th to about 5.1 b by September 22nd.
However, with 600% and 2100% profits, the two new entrants (Avantis ($avnt) and Aster ($aster)) quickly gained traction and are resisting a wider recession accompanied by an impressive increase in both token prices and protocol adoption.
Avantis: Rapid but steadily growing
Avantis’ native tokens ($AVNT) rose 66% in just one week, up from around $1.25 to $2.05. TVL also rose nearly 27%, moving from $17.7 million to $22.6 million over the same period.
Coinbase’s product, Avantis highlights innovative derivative products and a user-friendly interface as key factors that attract new liquidity. Unlike some older protocols, Avantis has specially customized features for retailers looking for alternatives to centralized platforms.
Stable but rapid growth indicates a sustainable inflow of capital rather than just speculative heat. Investors are looking for more profits in the future as token prices have risen 641% over the past month.
Aster: Breakout Stories
Astor’s rally was far more explosive. That token jumped 2,213% a month, jumping from $0.20 to $1.90 within that period.
What’s even more noteworthy was the growth of TVL. Between September 14th and 22nd, it rose 228%, up from $370 million to $12.1 billion.
In the case of Aster, significant support from Changpeng Zhao has increased the reliability and awareness of the entire Crypto community.
Hyperliquid’s $Hype Token fell by about 9.3% and TVL fell by 3.3%, while Jupiter saw a 8% drop in tokens and TVL fell by 5.6%. The photos are reassigned to promising projects that appear to be more upside down, and thus benefit from Avantis and Aster at the expense of established projects.
Big picture: Sustainable growth or short-lived hype?
The emergence of Avantis and Aster highlights the dynamism of the Defi Derivative landscape, but questions about sustainability remain.
The surge in TVL and token prices often correlate with speculative momentum, and history shows that, as the heights have been discovered over the past week, hype can quickly disappear when initial excitement cools.
Can Bitcoin Hyper introduce stability notes by opening the door to Bitcoin’s integration into the world of Defi?
Bitcoin Hyper ($hyper) – Unlock Bitcoin native debt application
In Bitcoin Hyper ($hyper), Bitcoin could reinvent itself. Rather than simply a valuable store, Hyperlayer 2 allows you to exchange wrapped Bitcoins at Solana-Fast speeds. Low cost and high throughput make microtransactions possible.
Also, there is no sacrifice of speed and stability as the final payment remains in Bitcoin Layer 1.
$Hypertoken Holder has access to DAPPS built on HyperLayer 2, Pre-Sale, and all early stage features.
Prescile screamed over $17 million as investors realized how much Bitcoin Hyper had potentially held. The success of $avnt and $aster helps to strengthen potential $hyperholds. Learn how to buy $Hyper with our guide.
For more information, please see the pre-sale page.
This profit highlights a larger trend. The new protocol will attract traders with promising innovations, improved user experiences and improved potential returns, even as the overall persistent DEX market consolidates.
It remains uncertain whether Avantis and Aster will be able to maintain momentum, but $Hyper may be here in the long run.
Author of Aaron Walker, Newsbtc – https://www.newsbtc.com/news/binance-aster-soars-1800-in-awek/
