The crypto market just got rocked. Over $19 billion in liquidations, Bitcoin plunging below $110K, ETH down 16%, and top alts like SOL and XRP nosediving 20–30%.
The trigger? Trump’s sudden 100% tariff on China, reigniting the US–China trade war and sending global markets into panic mode. A perfect storm — leveraged longs met panic selling, turning a correction into a full-blown cascade.
But while the chaos unfolded, not every DEX cracked under pressure.
Hyperliquid (HYPE), the high-performance on-chain perps DEX, proved its mettle. Despite record volatility, no outages, no frozen funds, no exploits — just clean execution and deep liquidity.
$7B+ daily volumes
$2.7M token burn adding long-term scarcity
200K orders/sec capacity and zero-gas trading
Even as market share dipped to 38% pre-crash, Hyperliquid’s composure showed why traders trust it. Decentralized, but not fragile.
AsterDEX (ASTER) — once the breakout challenger with CZ’s endorsement and 1001x leverage — didn’t hold up as well.
Its token slid 10%+ amid wash-trading suspicions, DeFiLlama delisting fears, and a looming $360M unlock that spooked investors.
With 96% of supply concentrated in six wallets, volatility was inevitable. When leverage unwound, AsterDEX’s narrative couldn’t hold the floor.
This crash isn’t the apocalypse — it’s a reset. Institutions are quietly accumulating, echoing the post-2020 recovery vibes. With Fed rate cuts on the horizon, the setup for a rebound looks eerily familiar.
Hyperliquid emerges as the steady ship in stormy waters. AsterDEX remains the wild experiment.
As DeFi matures, the question isn’t who pumps harder — it’s who survives the stress test.
So, what’s your move — buy the fear or wait for clarity?
Stay ahead in the ever-changing crypto world. For in-depth insights, expert analysis, and real-time market updates, explore Chainbull — your go-to hub for blockchain intelligence.
