DeFi comes and goes, but the latest developments in the sector have surprised even experienced players.
However, with gains of 600% and 2100%, respectively, two new entrants – Avantis ($AVNT) and Aster ($ASTER) – are quickly gaining traction, resisting the broader downturn with impressive increases in both token price and protocol adoption.
Avantis’s native token ($AVNT) increased by 66% in just one week, rising from about $1.25 to $2.05. Its TVL also grew by nearly 27%, going from $17.7M to $22.6M in the same period.
Avantis, a product of Coinbase, emphasizes innovative derivatives products and user-friendly interfaces as key factors attracting new liquidity. Unlike some older protocols, Avantis has customized features specifically for retail traders seeking alternatives to centralized platforms.
The steady yet rapid growth indicates a sustainable influx of capital rather than mere speculative fever. With the token’s price rising 641% over the past month, investors are looking for further gains ahead.
Aster’s rally has been much more explosive. Its token surged 2213% in a month, jumping from $0.20 to $1.90 within that period.
Even more remarkable was its TVL growth – a 228% increase from $370M to $1.21B between September 14 and 22.
While the emergence of Avantis and Aster highlights the dynamism of the DeFi derivatives landscape, questions remain about sustainability.
Surging TVL and token prices often correlate with speculative momentum, and history shows that hype can fade quickly once the initial excitement cools – as Hyperliquid discovered this past week.
Can Bitcoin Hyper introduce a note of stability by opening the door for Bitcoin’s integration into the DeFi world?
$HYPER token holders get access to dApps built on the Hyper Layer 2, pre-sales, and all early-stage features.
The gains highlight a bigger trend: new protocols attract traders by promising innovation, improved user experiences, and higher potential returns, even as the overall perpetual DEX market consolidates.
Whether Avantis and Aster can sustain their momentum remains uncertain, but $HYPER might be here for the long run.
