Hippopotamus or elephant? While social networks Agree around perp dex And wonder who is the strongest between Hyperliquid and Aster, Bitwise has made its choice and has just submitted a file for an ETF hyperliquid (hype). This request will join the dozens of files that are currently awaiting a decision on the offices of the Paul Atkins teams in Washington. When will an Aster ETF?
The key points of this article:Bitwise filed a file for an ETF based on the hyperliquid token (hype), reflecting the craze around the perp dex.
ASTER, a competing platform, saw its volume of trading explode, exceeding that of Hyperliquid, which demonstrates the impressive boom in Perp Dex.
Bitwise submits a hyperliquid etf request (hype)
Society Bitwisespecialized in the management of digital assets, therefore recently made a request to the SEC to launch a new ETF This time based on the hyperliquid token (hype). The latter is associated with the trading platform for Decentralized perpetual term contracts eponymous. According to the details of the deposit, the Bitwise Hyperliquid ETF would directly hold Hype tokensused to obtain discounts on trading costs on the platform Hyperliquid. However, the deposit does not yet specify on which scholarship this ETF would be listed, nor under which Ticker it would be negotiated. This demand comes in a context of strong competition between the Perp Dex, these trading platforms decentralized specialized in perpetual term contracts. Indeed, Astera native platform for BNB Chainrecently launched his own token, Aster, and saw his volume of trading explode, even going beyond that ofHyperliquid.
This ETF specialist shared information on social networks – Source: account x
Emphasome Perp Dex
THE Perp DEX currently experience a boom unprecedented. These platforms make it possible to trade perpetual term contracts, that is to say contracts which have no date d’expirationunlike traditional term contracts. This characteristic makes them particularly attractive for traders who wish speculate on the price of cryptocurrencies without having to manage the complexity of term contracts classic.
Hyperliquid et Aster are two of the main platforms in this sector. Hyperliquid, with his token HYPEhas long been the market leader. However, Aster, with the recent launch of his token ASTERmanaged to capture a significant share of the market, in particular thanks to its presence on the BNB Chain. According to Coringlass data, open interest (open interest) on the Aster token has reached 1.15 billion of dollars, exceeding that of the hype which rises to 2.2 billion dollars. On social networks, this friendly clash with billions of dollars even sparked a wave of messages fans of one or the other, wanting to prove the superiority of their favorite Dex. The Bitwise deposit reflects this public enthusiasm and this growing trend towards the Perp Dex, and if it is approved, it could offer institutional investors a new way to access this expanding market. Wall Street is surfing on crypto and Bitwise is clearly not the only one to throw itself into the water.