In This Article
Hyperliquid is currently struggling, with its native token, HYPE, having lost over 20% of its value in the past week due to the emergence of a real competitor in the Binance-backed Aster. With the current strength in the BNB Smart Chain (BSC) ecosystem, investors are eagerly seeking the next 100x crypto that could be the next HEMI or STBL.
The re-emergence of GMX and the uptrend of APX crypto are also contributing factors to Hyperliquids’ current downtrend, as more competition enters the market, taking liquidity and mindshare away from HYPE.
Another metric indicating a decrease in the strength of the Hyperliquid platform is TVL (Total Value Locked). DeFiLlama data shows that HYPE has experienced a 4.51% reduction in TVL over the past 24 hours and more than a 20% decline in the past seven days. In just one week, Hyperliquid has gone from $2.7Bn in TVL to just over $2.2Bn.
As Hyperliquid TVL Crashes, Aster’s Skyrockets +400%
By now, everyone is aware that ASTER crypto is seemingly on a moon mission, backed by Binance founder CZ and his family investment firm, YZi Labs. The token has increased by over +8,000% since its launch on September 17, but it is the TVL for the Aster platform that highlights a rapidly growing user base.
Since September 17, Aster’s TVL has increased from $380M to over $1.82Bn as of today. It is now just $400M behind overtaking Hyperliquid’s $2.2Bn. If and when Aster overtakes Hyperliquid, this will mark the first psychological stage for ASTER flipping HYPE, with attention then shifting to market cap valuations.
Currently, HYPE is valued at around $11.2Bn, while ASTER is at $3.7Bn, and CZ has made it clear that ASTER aims to become the number one on-chain perpetual futures DEX on the market. Coupled with its ongoing Stage 2 airdrop campaign, Aster is going full throttle in its push to overtake Hyperliquid, meaning CZ-backed platforms will rule both the centralized exchange (Binance) and decentralized exchange (Aster) sectors.
APX and GMX Crypto: Two Other Projects Piling More Misery Onto HYPE
GMX is another decentralized exchange (DEX) that primarily trades crypto perpetual futures, offering up to 50x leverage across the Arbitrum and Avalanche blockchains.
It is an original DEX platform that has seen a resurgence recently, with Aster bringing significant attention to the on-chain DEX space. It operates using a unique multi-asset liquidity pool (GLP) and a modified Automated Market Maker (AMM) model, differing from traditional exchanges.
The GMX token is up +16.5% today and has seen an influx of new users, which means further diluting the userbase for perp DEXs and acting as another (smaller) thorn in the side for Hyperliquid.
APX crypto is up +27% on the day, and the BSC-based token will fully merge with ASTER on October 1. However, its $100M+ daily trading volume is another drain on the finite liquidity in the market, meaning HYPE is processing less trading volume while currently in a fairly brutal downtrend.
DISCOVER: 16+ New and Upcoming Binance Listings in 2025
Hopium for HYPE Bulls? Price Just Reached a Golden Pocket – Good Time to Long?
One bit of hope for Hyperliquid maxi’s is the HYPE chart on a 4-hour timeframe. By dropping to $44, it has just tapped a Golden Pocket that lines up with the 0.786 Fib line. During times of downtrend, a retrace to the 0.786 zone can signal a trend reversal, and HYPE’s 0.786 level lines up ideally with a decent support zone also around $44.
This price level could represent a perfect bounce zone for HYPE, and Hyperliquid bulls would see this as a favourable area to go long once again. One thing to note here is that whenever there is a project in which CZ has a vested interest in overtaking/killing, traditional technical analysis may not be enough.
In addition to chart watching, it would be prudent to monitor the Hyperliquid TVL, as increased outflows there would signal a decline in trust for the platform, which could contribute to further downside for the HYPE token.
The strength of the market, especially within the BSC ecosystem, is making bulls hungry for that next 100x crypto play, and Bitcoin Hyper (HYPER) is quickly becoming the go-to investment choice in that regard.
Is Bitcoin Hyper (HYPER) the Next 100x Crypto Play? $18M in ICO Funding is Betting On It!
Bitcoin Hyper (HYPER) has just reached $18M in presale funding, officially solidifying its position as one of the largest non-VC funded ICOs of 2025. While VCs aren’t publicly investing in HYPER, there have been multiple six-figure investments that have led to rumors of exchanges and/or VCs buying in early.
HYPER is packed with utility due to its status as a Bitcoin Layer-2 protocol, and it has the added benefit of still being in the ICO phase, meaning it isn’t at the mercy of current market volatility.
HYPER is a Bitcoin Layer 2 protocol that intelligently utilizes the Solana Virtual Machine (SVM) for super-fast speeds and low-cost fees. It settles everything on Bitcoin’s core layer to ensure stability and security.
While Bitcoin Hyper is a meme coin in branding, the team behind HYPER is working to bring a comprehensive end-to-end ecosystem of products to the Bitcoin mainnet, including DeFi, GameFi, and NFTs, among others.
Head to the Bitcoin Hyper website to follow the whales and join the presale. You can purchase using ETH, USDT, BNB, or even a credit card.
There are just 8 hours left to secure HYPER tokens at the current price of $0.012965, as once the timer hits zero, that price will be gone for good.
For the latest updates on all things HYPER, join the community on Telegram and X.
Visit HYPER HereEXPLORE: Best Meme Coin ICOs to Invest in 2026
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
