Yesterday, I experienced on-chain exchange Hyperliquid for a while, and I feel that its smoothness is still quite inferior compared to Binance and OKX.
Today, I chatted with friends and discussed a question.
All the major voices in CEX are Chinese; will the major voices in DEX be Chinese or foreigners?
Let me mention some competitors that Hyperliquid is doing relatively well against: dYdX, GMX, SynFutures, and Drift.
Among them, Hyperliquid has a daily trading volume of 3 billion USD, DYDX 300 million USD, GMX 244 million USD, I couldn't find SynFutures, and Drift has a trading volume of 150 million USD.
Currently, the maker and taker fees are relatively low at Hyperliquid and DYDX; these two have higher trading volumes compared to other DEXs.
In addition to these two, there’s Aster, which CZ has been promoting recently. This DEX is Binance's favorite child and is expected to be a core application on BSC in the future.
Besides that, there’s also Standx, this dark horse.
Why do we say Standx is a dark horse? As we all know, Binance's contracts are currently the largest application in the exchange sector and even in the crypto sector.
The CEO of Standx is a former top executive from Binance's contracts who started a new DEX.
The relationship between Aster and Standx is like one is in the light and the other in the dark, both part of the Binance DEX ecosystem; they may appear to be competitors on the surface but dine and drink together privately.
Since they are both part of Binance, what are the differences between Aster and Standx?
Aster, as an officially supported DEX, is currently fully operational and supports multiple chains including BSC, SOL, ARB, ETH, with a maximum leverage of up to 100 times. It currently has 13.1 million TVL, equivalent to 135 million USD.
On the other hand, Standx is still under development. As a DEX operating without official support, Standx's traffic generation plan is to release the DUSD stablecoin, which offers a 4.45% annual yield for holders of DUSD.
In another 2 months, Standx will officially launch. Those who usually participate in airdrops can take a look at Aster and Standx, two DEXs emerging from Binance that have great potential to make their careers.
I hope that the final landscape of DEX will also focus on the Chinese, which confirms that in the crypto world, only the Chinese flow is the top flow.
Chinese people who strive for excellence spend their lives calculating scores
In elementary school, calculating scores for middle school, whether they can enter a key high school After high school, calculating whether they can attend a key university After university, calculating whether they can take the graduate entrance exam After starting work, calculating whether they can become a civil servant Even after becoming a civil servant, they still calculate whether they can buy BN ALPHA
Recently, participating in new offerings suddenly feels like preparing for college entrance exams.
Last night I sent a few messages, and finally someone from Bitget replied to me! Bitget has withdrawn the lawsuit and apologized!!!
During lunch today, the market lead from Bitget called me to address the relevant issues.
My demands are simple: 1. Bitget withdraws the lawsuit against me. 2. Bitget apologizes to me personally, after all, I haven't taken advantage of your exchange, and your own people know this. 3. Bitget clarifies that I have nothing to do with the market-making team; all the articles I posted were submitted by others.
The market lead from Bitget also responded to this matter: 1. Bitget has withdrawn the lawsuit against me. 2. The market head from Bitget apologized to me, stating that the lawyer's letter was sent by mistake, and the lawsuit came from Bitget's outsourced team, not the intention of the exchange. 3. Bitget has also clarified that I have no connection with the market-making team and sincerely apologized again.
I am quite satisfied with the development of the situation. Initially, I didn't intend to post so much about Bitget; it was the lawyer's letter that angered me and led to this extensive posting.
In addition, I would like to especially thank my fans and my fellow KOLs. It is your voices and support that helped me avoid being sued, and even worse outcomes. You made me believe that even a small spark can start a prairie fire.
For this incident, I have placed in the comments the friends who supported me at the first moment. Thank you again for your support. I am now at a loss on how to repay your help, and can only do my best to bring more benefits to my brothers!
I will continue to pay attention to Bitget VOXEL. If there are any misunderstandings, please contact @xiejiayinBitget. I hope there will be a good outcome in the end.