The DEX market has really gone crazy lately. Hyperliquid's HYPE reached a new high of $59, rising 8% in a day, while ASTER is even more exaggerated, with CZ's statement causing it to surge by 350%. Both projects adopt a fee-sharing and deflationary model, which means that when the platform makes money, it distributes it to token holders. HYPE has real income backing it up, with $250 million collected just from fees in the third quarter, and Arthur Hayes even mentioned that there is a potential for a 126-fold increase. ASTER relies entirely on celebrity effect; CZ's influence in the crypto world is at a nuclear weapon level. In such extreme market conditions, the key is to act fast. HYPE can be cautiously tested in the $57.5 to $58 range, and if it breaks past the previous high of $59.3, then increase the position, with leverage of 10 to 15 times being relatively appropriate. ASTER carries greater risk but also more attractive returns; a pullback to around 0.45 can be a gamble, with leverage going up to 20 to 30 times, but remember this is pure gambling, and if you lose, don't blame the market.
ETH's short-term consolidation does not alter its long-term trend, with multiple key sector data highlighting growth potential.
Recently, ETH has shown a high-level consolidation trend, with prices oscillating between $4,255 and $4,500, and short-term momentum has somewhat weakened. However, from a macro perspective, this asset has demonstrated strong growth trends in key areas such as spot, futures, and ETFs.
According to CryptoRank data, since the beginning of August, ETH's trading volume in the spot market accounted for 32.9%, slightly exceeding Bitcoin's 32.6%. Meanwhile, between August 18 and 25, Ethereum's spot trading volume reached $480 billion, compared to Bitcoin's $400 billion during the same period, which propelled ETH's market share to a peak of 41%.
The futures market has similarly confirmed this trend. Since mid-July, ETH futures trading volume has consistently led Bitcoin and reached a historical high of $3.08 trillion in August. Although the open interest has retreated about 15% from its peak to $59 billion, it remains at a high level.
Ethereum ETFs have become a key force driving market growth, with net inflows reaching $10 billion from 2025 to date, and cumulative spot trading volume nearing $20 billion, accounting for 16% of total spot trading volume, setting a historical record.
Among them, BlackRock's ETHA dominates the field, handling 74% of ETF trading volume, with assets under management reaching $25 billion, indicating strong interest from institutional investors.
Despite ETH experiencing short-term adjustments and ETFs facing six consecutive days of outflows recently, on-chain data remains robust. The total value locked on-chain has reached a new high of $258 billion, with 51.7 million monthly active addresses and $140 billion in decentralized exchange trading volume. Additionally, exchange balances have fallen to a three-year low, indicating strong reluctance to sell among investors.
According to Vector's perspective, current market funds may be shifting from Ethereum to low market cap tokens, a trend that in the past has often signaled a decrease in interest in altcoins and a return of funds to Bitcoin.
However, the current situation is not entirely bearish for ETH. There are also views suggesting that Ethereum may be in an accumulation phase, with the market forming a silent accumulation, which, once momentum resumes, could lay the groundwork for the next round of increases.
In summary, despite short-term consolidation, Ethereum's overall performance in the spot, futures, and ETF markets, along with the robust development of on-chain indicators, indicates that it still possesses further upward potential.
A large short position was liquidated, with a forced buy of a position worth 4.78 million dollars, leading to a short-term spike… After pulling to 8 dollars, the Binance contract open interest instantly dropped by 6 million coins, and it has now fallen back to $6.3.
Hyperliquid is about to explode! The native stablecoin USDH will bring an annual income of $220 million
HYPE coin is approaching its historical high, and the technical aspect looks quite good! RSI shows strong momentum, and if it can break through the key resistance level of $48.70, the next stop could be a new height of $51.18. But what really excites people is that Hyperliquid announced the launch of the native stablecoin USDH! This is not just empty talk; they have adopted a competitive governance model that allows the development team to submit proposals, and the final issuer is decided after voting by validators. Why is this a big event? Currently, there is $5.5 billion in USDC deposits on the Hyperliquid platform. If successfully migrated to USDH, it could generate up to $220 million in additional income for HYPE holders each year, based on a 4% yield! This is an astronomical figure.
$WLFI Congratulations to the unreliable group for wearing out my patience. Going from 0.395 to 0.177 is impressive. Whenever I decide I no longer want to hold on, you can rise. Right now, I still have a little bit of faith left, and if you wear it out, I'm out. After this, if I invest my faith in a particular coin in the contract, I will be a fool, and I will have to accept it.
$WLFI just entered and was directly killed by a waterfall in one second. What exactly is this? It's my first time buying a newly released coin, and it has wasted all my efforts from the past few days! Should I hold on, or is it a loss? Big shots, please teach me, I would be very grateful.