jakiro
Author: Yue Xiaoyu; Source X, @yuxiaoyu111
Hyperliquid’s wealth effect opens the on-chain derivatives track, and later Aster ignited the track again through the wealth effect..
It can be said that the on-chain contract craze has started now, and Perp Summer is here!
The emergence of Aster is just right. Hyperliquid has had a huge impact on Binance’s contract trading business, and Aster on the BNB chain just happened to send Binance the strongest forward.
Binance’s intention is obvious: support Aster to fight Hyperliquid.
CZ personally stood on the platform, and Aster’s market value directly exceeded US$15 billion, becoming the number one contract exchange in BNB ecosystem.
At this time, I can’t help but ask, which exchange supports the next Perp DEX, will become the next Aster?
After researching it, I found that it is still in the short period after the hot spots. The public chains of OKX, Bitget, and Bybit have not yet made on-chain contract DEX, and the first one to come out was the Gate Exchange!
Gate personally came to the scene and launched the on-chain contract trading platform Gate Perp DEX based on its own Gate Layer second-tier network.
Why can Gate move so quickly?
This is definitely inseparable from Gate’s on-chain infrastructure. To be honest, Gate’s Web3 service has always been a bit unknown before and has been blocked by platforms such as OKX and Bitget.
But I found that in the past year, Gate has been making efforts on the chain. Not only has its own wallet Gate Wallet polished well, it has also launched a series of innovative services, such as Gate Pay, a cryptocurrency payment solution, and this time the on-chain contract exchange Gate Perp DEX.
How is the experience of Gate Perp DEX?
My first experience of connecting to Gate Perp DEX with a Gate wallet was very good, and the overall was very silky.
Gate Perp DEX is built on its high-performance layer two network Gate Layer, so it is absolutely OK in terms of speed.
In addition, Gate Perp DEX was done by Gate himself, and its cooperation with Gate Wallet is very good, which can be said to be comparable to the trading experience of a centralized exchange.
More importantly, one of the huge driving forces behind Aster’s popularity is the expectation of airdrops.
Gate Perp DEX has also developed a points system, which will conduct a systematic assessment based on user behavior and contribution, and there will be airdrop expectations in the future.
I have written an article before, studying the platform coins of the top five exchanges.
At that time, I specially placed the Gate Exchange in the top five and conducted targeted analysis. I think the platform currency of the Gate Exchange is an undervalued value depression.
Now looking at it, $GT has a market value of only US$2 billion, which is really much different from the market value of US$15 billion for Aster’s single application.
You should know that the business support behind $GT is the Gate Exchange, Gate public chain, Gate wallet and now Perp DEX.
Will $GT be the dark horse of platform coins in this round?Will Gate Perp DEX be the dark horse on-chain contracts in this round?
We can wait and see.
