Avantis and Aster Tokens have big pump over 300%, the new generation Perp DEX is disrupting the crypto market landscape.

The cryptocurrency market is undergoing a silent revolution, with the token prices and lock-up volumes of emerging perpetual futures decentralized exchanges (Perp DEX) experiencing explosive growth, while traditional platforms are facing capital outflows. Avantis (AVNT) and Aster (ASTER) have risen by 66% and 146% respectively over the past week, with total value locked (TVL) significantly increasing, indicating a large-scale capital rotation occurring in the derivatives trading sector. This trend not only changes the competitive landscape of the DeFi ecosystem but may also herald the arrival of a new era in decentralized derivatives trading.

Emerging Platforms Rise: Avantis and Aster Lead Industry Transformation

Despite the overall pullback in the crypto market, funds in the DeFi sector are migrating en masse to emerging protocols, with Avantis and Aster standing out particularly.

· Avantis: Short-term rise of over 320% in just two weeks

Avantis's native token AVNT has surged an astonishing 66% in the past week, skyrocketing from $1.25 to its current price of $2.05. Even more impressive is that the token hit a peak of $2.64 on September 21, representing a 320% increase from its issuance price of $0.4880, all occurring in less than two weeks after its listing.

The user adoption rate of the platform has also shown explosive growth. According to data from DefiLlama, Avantis' Total Value Locked (TVL) increased by 27% from September 14 to September 22, soaring from $17.7 million to $22.6 million. This rapid growth reflects traders' strong interest in the platform's innovative features and potential returns.

· Aster: The New Star Endorsed by the Founder of CEX

Aster's performance has been even more astonishing, with its token price skyrocketing by 146% from $0.5623 to $1.39 during the same period. The token reached a peak of $1.96 on September 21, reflecting a 250% rise since its launch on September 18, showcasing strong market demand.

What is even more remarkable is that Aster's Total Value Locked (TVL) skyrocketed from $370.1 million to $1.21 billion in just one week, with a rise rate of up to 228%. This astonishing rise may be related to the Centralized Exchange founder publicly expressing support for decentralized exchanges on the social media platform X, providing high-profile endorsement for Aster.

Traditional platforms face challenges: capital outflow and market share decline

In stark contrast to the booming development of emerging platforms, mature Perptual Futures trading platforms experienced a significant decline during the same period.

· Hyperliquid and Jupiter: Market Cap and Lock-up Position Both Decline

In the past seven days, the former industry leader Hyperliquid's HYPE Token price dropped from $53 to $47.62, a decline of 9.3%; during the same period, Jupiter's JUP Token also fell from $0.5067 to $0.4657, a decline of 8%.

It is worth noting that the Total Value Locked (TVL) of both platforms decreased by 3.3% and 5.6% respectively during the period from September 14 to 22. This phenomenon of capital outflow clearly indicates that traders are shifting their funds from traditional platforms to emerging protocols in search of higher returns and innovative trading experiences.

Perptual Futures DEX market: Structural changes in the overall pullback

Despite the broader Perptual Futures DEX market falling from a historical high of $6.1 billion TVL on September 13 to $5.1 billion on September 22, this sector continues to perform well, especially compared to the overall downturn in the crypto market.

This market dynamic reflects a deeper structural change: funds are being reallocated from mature platforms to emerging protocols, rather than simply leaving the market. Traders seem to be seeking to engage with new platforms that have high growth potential, hoping to participate in the early stages and gain possible high returns.

Innovation-Driven Competition: User Experience and Functionality Upgrade

The competition between decentralized exchanges is becoming increasingly fierce, with various platforms vying for market share through multiple means:

Improve User Experience: The new platform focuses on simplifying the trading process and lowering the entry barrier.

Reduce transaction costs: Offer a more competitive fee structure to attract high-frequency traders.

Innovative trading features: introducing unique trading tools and strategy options.

Liquidity Incentive Program: Attract liquidity providers through token rewards

Future Outlook: Sustainable Growth or Temporary Bubble?

Although Avantis and Aster are currently performing well, the key question is: can these emerging platforms maintain their astonishing rise, or are they merely experiencing temporary market speculation?

Expert opinions are divided into two camps:

Optimists: The Beginning of a New Paradigm

Supporters believe that these new platforms represent the next generation of decentralized derivatives trading, with their innovative features and more efficient trading mechanisms continuing to attract users and capital. As the encryption market matures, the demand for efficient, low-cost derivatives trading will continue to rise, providing long-term development momentum for these platforms.

Cautious faction: Beware of excessive speculation

Cautious analysts point out that the explosive rise of the new platform is partly due to market speculation and token incentives. Once these short-term factors fade, funds may flow back to mature platforms with more stable infrastructure and deeper liquidity.

Regardless, this capital rotation in the Perp DEX space is reshaping the landscape of crypto derivatives trading. For investors and traders, closely monitoring the development of this trend and understanding the advantages and risks of different platforms will be key to seizing market opportunities.