Aster has overtaken Hyperliquid in decentralized exchange (DEX) revenue, reporting $7.2 million in daily earnings compared to Hyperliquid's $2.79 million. This shift is reflected in a 37% surge in ASTR, while HYPE underperformed. Meanwhile, Bitcoin rebounded to $112,800 after dipping to $111,000, though it remains below key moving averages, suggesting potential for further pullbacks. In other developments, Solana's launchpad activity has declined to a four-month low, with $117 million in volume and fewer than 100,000 active wallets. Arca's CIO highlighted that the crypto rebound is selective, focusing on ETF-backed assets like Bitcoin and Ethereum. Traditional markets saw the dollar strengthen as Federal Reserve Chair Powell maintained a cautious stance on rate cuts, while Nasdaq futures indicated a renewed risk appetite.
Aster Leads DEX Revenue as Bitcoin Rebounds Amid Market Volatility
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