> CZ doesn't want Aster to compete with Hype, "they compete with Binance".
It's funny, but this is also why CZ is so good. He understands that bickering with other perp DEXs is futile when it's Binance with all the liquidity, all the volume, and all the users.
Don't go after your small competitors (meaningless in the grand scheme of things). Go after the king.
And, right now, it looks like it's only the king going after himself.
Aster team will announce buyback soon
They flipped Teather in 24h revenue, and it's number 1 project by revenue
Let's compare potential buyback with Hyperliquid:
> ASTER 7 day fees $93.5M, 1 day fees $29.4M, MC $3.2B
> HYPE 7 day fees $26.1M, HYPE 1 day fees $3.1M, MC $12.2B
> MC/Rev (Ann.): HYPE 11.9x, ASTER 0.65x
> FDV/Rev (Ann.): HYPE 44.0x, ASTER 3.18x
> Buyback Yield (30d): HYPE 0.70%, ASTER ~1.25% (est. from 30d rev vs mcap)
> Buyback Yield (Ann.): HYPE 8.40%, ASTER ~15.2%
tl;dr - @Aster_DEX generates way more fees, valuation multiples are way lower, and buyback yields looks better.
CZ don't want Aster to compete with Hype, "they compete with Binance".
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