Binance founder CZ has truly kicked off the ‘Perp DEX Szn’ following the huge ongoing success of ASTER and his X post from yesterday, which has garnered attention for others in the space. Traders are left wondering whether ASTER, DRIFT, HYPE, or another perp dex platform will be the next 1000x crypto as we head into Q4.
ASTER continues to dominate mindshare right now, as it holds steady above $2 following this morning’s market-wide dump that briefly saw ETH drop below $4,000.
One Tweet From CZ Has Singlehandedly Kickstarted ‘Perp DEX Szn’
CZ took to X yesterday, saying, “Whoa, now everyone wants to be Perp Dex. More players will grow the market size faster. Rising tide lifts all boats. Long term, the best builders win. DYOR. Perp Dex era!”
With most eyes currently on ASTER and its battle to overtake HYPE, other projects have re-emerged from the shadows in a bid to claim a share of the rapidly growing liquidity pool being thrown at Perp DEX tokens.
Now, Perp DEX’s new and old are popping everywhere. This includes the Orderly Network launching its Perp DEX launchpad and one genius individual using it to create a platform hilariously named ‘AsterLiquid’. It costs nothing and takes just a few minutes. If it gains traction, creators can start earning immediately through trading fees.
It is just another layer to the Perp DEX narrative, and it will be interesting to watch how the market responds to an influx of new platforms emerging. However, it is likely that the tried-and-tested, well-backed DEXs, such as ASTER, HYPE, and DRIFT, will continue to dominate the market.
I LITERALLY SPUN(span?/spinned?) UP A DEX in 5 MINS!!!!!
asterliquid (dot) xyz🫡🫡 https://t.co/5vUJ61MfYC pic.twitter.com/3tSaJlTWzV
— Shark (@sarthak_1806) September 23, 2025
DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now
Is DRIFT Protocol the Forgotten Perp DEX? Could it be the Next 1000x Crypto Play in Q4?
Many believe DRIFT could be the perfect beta play to HYPE and ASTER. It is a Perp DEX platform on Solana that processes billions of dollars in volume each week and has over $300 million in TVL, according to DefiLlama.
With a market cap of $290M, it is unlikely that DRIFT is the next 1000x crypto play, but that doesn’t mean it won’t make big moves in the coming months. It is up +55% in the past month, likely due to the increased exposure to Perp DEXs since the launch of Aster.
It has now broken out after 220 days of consolidation and has been one of the strongest performers across the SOL ecosystem. The DRIFT Protocol has accumulated more than $3Bn perp volume in the last 7 days after hitting an all-time high in daily fees on September 23, when the platform made nearly $1M,
DRIFT is up +1% and is currently sitting at support, if it holds, short term Fib targets sit at $0.95 (+28%), $1.26 (+72%), and $1.72 (+135%). It represents one of the stronger R:R (risk-to-reward) plays on the market right now, but to make DRIFT the next 1000x play, more risk-on traders would need to take the trade at high leverage.
BONUS: Is Snorter Bot (SNORT) Another Hidden Gem Within the Solana Ecosystem?
Snorter Bot (SNORT) is a hybrid token that combines elements of a meme coin and utility, appealing to both risk-takers and those seeking serious utility. This Telegram trading bot has successfully raised over $4M during its presale and is anticipated to reach $5 million by the end of September.
Although it initially launched exclusively for Solana trading, Snorter Bot is designed to be multi-chain ready. This gives it a competitive advantage over options like BONKbot, which lacks this feature. Soon, SNORT will also be available for trading on Ethereum, Base, and other leading blockchains.
Holders of the SNORT token will enjoy competitive trading fees of only 0.85%, which are better than those offered by Trojan, Maestro, Banana Gun, and BONKBot.
Snorter Bot also includes built-in MEV protection, an innovative sniper tool, and a copy-trade function, allowing users to follow their favorite wallets and influencers as they make trades.
By effectively merging the viral appeal of meme coins with advanced utility, SNORT is positioning itself as a top contender among the best crypto presales to consider investing in right now.
To learn more, visit the SNORT presale website and discover why Snorter Bot is one of the leading Solana meme coins to invest in at this time.
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