RT Fluid 🌊 (@0xfluid)Fluid is the fastest DEX on @ethereum to reach $100B 🌊Insights by @DrxlEth, shared on @MessariCrypto ...

Core Insights - Justin Sun's HTX has launched SunPerp, a decentralized perpetual exchange, to compete with existing platforms like Binance's Aster and Hyperliquid [1][6] - The launch of SunPerp represents a strategic expansion of the TRON ecosystem, addressing the need for native on-chain derivatives trading [1][3] Launch Details - SunPerp officially launched on October 1 during the Token 2049 event after a public beta phase that began on September 19 [2] - By September 21, SunPerp had onboarded over 3,000 users, with daily trading volumes reaching $30 million by Day 6 of the beta [2] Technical Features - Built on the TRON blockchain, SunPerp benefits from low network costs, high throughput (up to 2,000 TPS), and a significant share of USDT circulation (over 50% of the global supply) [3] - The platform offers up to 20x leverage in both cross and isolated margin settings, supporting over 31 trading pairs, including popular memecoins and blue-chip assets like Bitcoin [3] Market Context - Decentralized perpetual exchanges (perp DEXs) have seen significant growth, capturing a larger share of the cryptocurrency derivatives market, with expectations to account for 25% of the market share by 2025 [4][6] - Centralized exchanges like Binance and OKX still dominate the market, with Binance recording $50 billion in daily derivative volumes and OKX at $30 billion [7]

BNB price has once again reclaimed the crucial resistance of $1,000 as bulls eye for a rally to all-time highs. The frenzy around BNB Chain is kicking in fast, as it overtakes top market players in on-chain activity. Amid the recent BNB rally, founder Changpeng Zhao’s wealth has exploded significantly. BNB Price Eyes Gains to $1,200 BNB has staged a major breakout, with the $780–$800 resistance zone now acting as strong support. Analysts note that as long as the price holds above this range, momentum poi ...

Listing Announcement - BitMart will list BSX (BSX) [1] - BSX is a self-custodial crypto derivatives decentralized exchange (DEX) built on the Base Layer 2 (L2) network [1] - Trading pair will be BSX/USDT [1] - Trading starts on September 28, 2025 at 4:00 AM UTC [1] Operational Details - Deposits are available [1]

Market Overview - Hyperliquid dominated onchain derivatives trading for the past year, but Aster is emerging as a potential competitor [1] - The contrast between Hyperliquid and Aster is stark, with different approaches to funding, team structure, and marketing [9][10] Technology and Architecture - Hyperliquid built its own layer 1 blockchain for full vertical integration, processing up to 200,000 orders per second with sub-0.2 second finality [11][14] - Aster takes a horizontal integration approach, aggregating liquidity from multiple chains like BNB Chain, Ethereum, Solana, and Arbitrum [17] - Hyperliquid offers perpetual futures with up to 50x leverage, while Aster offers up to 101x leverage and stock perpetuals [15][20][21] Tokenomics - Hyperliquid's Hype airdrop in November 2024 distributed $310 million coins, worth $1.2 billion at launch, to 94,000 users [24][25] - Aster allocated 53%, around 4.3 billion tokens, of its 8 billion maximum supply to airdrops [32] - Hyperliquid uses 93-97% of protocol fees to buy back and burn Hype, creating a deflationary flywheel [27] Adoption and Growth - Hyperliquid has over $6.5 billion TVL and over $2.7 trillion in cumulative volume, generating over $1 billion in annualized revenue [39][40] - Aster has 2 million users total, with 330,000 joining in the first 24 hours after TGE, and TVL peaked at $2 billion [41] Risks and Challenges - Hyperliquid's core software is closed source and the network is run by a limited number of validators, raising centralization concerns [45] - Aster's dependence on CZ's hype and its multi-chain architecture pose risks, including potential vulnerabilities to cross-chain attacks [46][47]

RT lucacs (@lucacseth)> q1 2023 a new perp dex enters the arena> out ships everyone and aligns users via a material wealth effect> dominates so strongly it’s compared to cexs, not dexs> cexs are pressured to kingmake a competing product> every short-term incentive is used to disrupt the incumbent, and it starts to work> the perp dex market hits an all time high as sidelined capital flows into low cap betas> incentives dry up and value accrues back to the best product> the incumbent’s market opportunity is l ...

Core Insights - Hyperliquid (CRYPTO: HYPE) is emerging as a competitor to XRP (CRYPTO: XRP) in the cryptocurrency space, both aiming to attract specific types of capital while offering fast and inexpensive transactions [1][3] Group 1: Hyperliquid Overview - Hyperliquid is a Layer-1 blockchain designed to support a decentralized exchange (DEX) focused on crypto trading, particularly for leverage and derivatives [3] - The DEX on Hyperliquid has demonstrated significant activity, with over $1.1 billion in spot trading volume and more than $9.6 billion in perpetual futures trading volume as of September 18 [4] Group 2: XRP Overview - XRP Ledger (XRPL) is tailored for regulated money movement and tokenized finance, featuring protocol-level asset controls essential for financial institutions [5] - XRPL has a native stablecoin, RLUSD, with a total of $95.9 million in fiat currency-backed value and $159.4 million in tokenized U.S. Treasuries [6] Group 3: Liquidity Comparison - Hyperliquid offers a substantial stablecoin float of $6.3 billion, which is significant given its market cap of $15.7 billion, indicating more liquid capital compared to XRPL [8] - In contrast, XRPL has less liquidity available for traders, as it is primarily designed for financial institutions rather than crypto traders [7][8]

South Korea’s largest crypto exchange Upbit will list FLUID with KRW, BTC, and USDT pairs. Fluid is a lending protocol and decentralized exchange (DEX). Upbit also announced the listing of Infinit (IN) and B3. IN will trade against BTC and USDT, while B3 will trade against USDT. Infinit is an AI-powered DeFi intelligence platform, and B3 is a Layer 3 blockchain built on Ethereum Layer 2 (Base) using the OP Stack.https://t.co/TnxeU3P7Gyhttps://t.co/cNyYtYuIGj ...

The builders… keep building.@FluxBeamDEX is addressing all of the challenges on existing L1sAnd why they are interested in building on Fogo.Higher TPS with low latency is needed.The lack of the infrastructure is leading to a poor experience for users.FluxBeam has been focused on the testnet of Fogo to ensure all scale is possible from 20,000 tps to a TRUE, 1 million TPS5ms transaction time for apps is their goal and what they are seeing on test net today, with 0 latency.They built a BRAND NEW rpc, lantern, ...

Project Overview - FogoFest showcases numerous high-quality projects and builders, indicating a vibrant ecosystem [1] - Valiant is developing a decentralized exchange (DEX) on Fogo, aligning with the trend of DEXs potentially surpassing centralized exchanges (CEXs) [1] - Fogo is building the infrastructure layer for blockchains to operate more efficiently [1] Technology and Performance - Fogo claims to be 10x faster than Solana, suggesting significant performance improvements [2] - Fogo aims to provide less stale prices and better pricing mechanisms [2] - Fogo focuses on MEV (Miner Extractable Value) reduction for better trade execution [2] Product Offerings - Blaze, a token launchpad, is designed for meme tokens and more [2] - The platform offers one-click trading for all traders, simplifying the trading process [2] - A pro mode provides a more detailed DEX-like trading experience [2] - A "troll box" feature offers an untamed, permissionless chat on the DEX [2] Upcoming Events - DoubleZero ecosystem announces the mainnet launch in a couple of weeks [2] - Potential Token Generation Event (TGE) is anticipated soon [2]