Hot knowledge: @Aster_DEX has been live for less than a week, and its market share has skyrocketed from an initial 11% to 27%. Its 24H trading volume has also surged to $2.1 billion. On the other hand, @HyperliquidX, which once monopolized 80% of the market share, has now been eaten away by ASTER, dropping to just 53%. Although its 24H trading volume is still $4.1 billion, its dominance isn’t as strong as before. If we roughly estimate based on market share: · By FDV ratio, ASTER’s ideal price is around 3.4; · By circulating market cap ratio, ASTER’s ideal price is closer to 5.5. In one sentence: With the backing of @cz_binance and Binance @binancezh, ASTER is using speed and market share to show everyone that the DEX/PERP landscape is no longer dominated by @HyperliquidX alone.