{"id":594419,"date":"2026-05-02T04:00:54","date_gmt":"2026-05-02T08:00:54","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=594419"},"modified":"2026-05-02T00:41:42","modified_gmt":"2026-05-02T04:41:42","slug":"hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/","title":{"rendered":"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The Hyperliquid [HYPE] vs. Aster [ASTER] debate has picked up again. While big names and public support can bring visibility, users are also looking closely at the nuances.<\/p>\n<p>At the same time, Hyperliquid is pushing into a new category with Pre-IPO perpetual markets, making the argument more interesting.<\/p>\n<h2>Hyperliquid at a clear lead<\/h2>\n<section class=\"text-token-text-primary w-full focus:outline-none [--shadow-height:45px] has-data-writing-block:pointer-events-none has-data-writing-block:-mt-(--shadow-height) has-data-writing-block:pt-(--shadow-height) [&amp;:has([data-writing-block])&gt;*]:pointer-events-auto [content-visibility:auto] supports-[content-visibility:auto]:[contain-intrinsic-size:auto_100lvh] R6Vx5W_threadScrollVars scroll-mb-[calc(var(--scroll-root-safe-area-inset-bottom,0px)+var(--thread-response-height))] scroll-mt-[calc(var(--header-height)+min(200px,max(70px,20svh)))]\" dir=\"auto\" data-turn-id=\"request-WEB:781e7e65-6801-48a2-b903-4150ea2cd1d6-1\" data-testid=\"conversation-turn-4\" data-scroll-anchor=\"false\" data-turn=\"assistant\">\n<div class=\"text-base my-auto mx-auto pb-10 [--thread-content-margin:var(--thread-content-margin-xs,calc(var(--spacing)*4))] @w-sm\/main:[--thread-content-margin:var(--thread-content-margin-sm,calc(var(--spacing)*6))] @w-lg\/main:[--thread-content-margin:var(--thread-content-margin-lg,calc(var(--spacing)*16))] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:40rem] @w-lg\/main:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col agent-turn\">\n<div class=\"flex max-w-full flex-col gap-4 grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal outline-none keyboard-focused:focus-ring [.text-message+&amp;]:mt-1\" dir=\"auto\" data-message-author-role=\"assistant\" data-message-id=\"fde12897-1aa0-43cb-b672-52d7f47a4545\" data-message-model-slug=\"gpt-5-5-thinking\" data-turn-start-message=\"true\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden\">\n<div class=\"markdown prose dark:prose-invert w-full wrap-break-word dark markdown-new-styling\">\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\"><a href=\"https:\/\/x.com\/Ryker_Crypto\/status\/2049846803672293728\" target=\"_blank\" rel=\"noopener\">In a recent post on X<\/a>, crypto analyst Ryker argued that Hyperliquid\u2019s edge over Aster comes down to one thing: transparency.<\/p>\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\">His point was that because Hyperliquid activity happens on a public chain, large whale trades are easier to track, discuss, and turn into market stories. That visibility keeps the platform in conversation and brings more traders in.<\/p>\n<figure id=\"attachment_594420\" aria-describedby=\"caption-attachment-594420\" style=\"width: 1290px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHKEzSubcAEFWjK.jpeg\"><img decoding=\"async\" class=\"size-full wp-image-594420\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHKEzSubcAEFWjK.jpeg\" alt=\"hyperliquid\" width=\"1290\" height=\"624\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHKEzSubcAEFWjK.jpeg 1290w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHKEzSubcAEFWjK-300x145.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHKEzSubcAEFWjK-1024x495.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHKEzSubcAEFWjK-768x371.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHKEzSubcAEFWjK-1200x580.jpeg 1200w\" sizes=\"(max-width: 1290px) 100vw, 1290px\" \/><\/a><figcaption id=\"caption-attachment-594420\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\">At press time, <a href=\"https:\/\/ambcrypto.com\/coins\/hyperliquid\/\" target=\"_blank\" rel=\"noopener\">Hyperliquid<\/a> led DEX derivatives with about $7.62B in OI and $7.89B in 24h volume, while <a href=\"https:\/\/ambcrypto.com\/coins\/aster-2\/\" target=\"_blank\" rel=\"noopener\">Aster<\/a> had around $1.96B in OI and $1.70B in 24h volume.<\/p>\n<h2 data-start=\"65\" data-end=\"782\">Pre-IPO perps from Hyperliquid<\/h2>\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\">This is now extending into product innovation. HIP-3 and TradeXYZ <a href=\"https:\/\/docs.trade.xyz\/asset-directory\/pre-ipo-perpetuals\" target=\"_blank\" rel=\"noopener\">have added<\/a> Pre-IPO perpetual markets to the docs, allowing traders to take price exposure to companies before they go public!<\/p>\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\">Note that these are perpetual derivatives, not shares, IPO allocations, tokenized equity, or ownership rights. The pricing is designed around pre-listing price discovery.<\/p>\n<figure id=\"attachment_594423\" aria-describedby=\"caption-attachment-594423\" style=\"width: 802px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHOFezQW8AALAK6.png\"><img decoding=\"async\" class=\"size-full wp-image-594423\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHOFezQW8AALAK6.png\" alt=\"hyperliquid\" width=\"802\" height=\"385\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHOFezQW8AALAK6.png 802w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHOFezQW8AALAK6-300x144.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HHOFezQW8AALAK6-768x369.png 768w\" sizes=\"(max-width: 802px) 100vw, 802px\" \/><\/a><figcaption id=\"caption-attachment-594423\" class=\"wp-caption-text\">Source: trade.xyz<\/figcaption><\/figure>\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\">The oracle is linked to the company\u2019s latest funding round, while the market decides the trading price. Once the IPO happens, the perp converts at the IPO price; if not, it settles using the average Pre-IPO price.<\/p>\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\">$CBRS is already tradable, with an IPO expected on the 7th of May.<\/p>\n<h2 data-start=\"65\" data-end=\"782\">Market favors the lead<\/h2>\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\">At the time of writing, HYPE was up 50.02%, while ASTER was down 9.14% over the same timeframe.\u00a0HYPE also closed around $40.96, gaining 3.13% on the day, after trading between roughly $39.70 and $41.16.<\/p>\n<figure id=\"attachment_594424\" aria-describedby=\"caption-attachment-594424\" style=\"width: 2108px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HYPEUSD_2026-05-02_01-32-45.png\"><img decoding=\"async\" class=\"size-full wp-image-594424\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HYPEUSD_2026-05-02_01-32-45.png\" alt=\"hyperliquid\" width=\"2108\" height=\"1484\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HYPEUSD_2026-05-02_01-32-45.png 2108w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HYPEUSD_2026-05-02_01-32-45-300x211.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HYPEUSD_2026-05-02_01-32-45-1024x721.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HYPEUSD_2026-05-02_01-32-45-768x541.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HYPEUSD_2026-05-02_01-32-45-1536x1081.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HYPEUSD_2026-05-02_01-32-45-2048x1442.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/HYPEUSD_2026-05-02_01-32-45-1200x845.png 1200w\" sizes=\"(max-width: 2108px) 100vw, 2108px\" \/><\/a><figcaption id=\"caption-attachment-594424\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\"><a href=\"https:\/\/ambcrypto.com\/aster-vs-hyperliquid-can-usd1s-34-3-growth-shift-market-leadership\/\" target=\"_blank\" rel=\"noopener\">That gap<\/a> says a lot.<\/p>\n<p data-start=\"65\" data-end=\"782\" data-is-last-node=\"\" data-is-only-node=\"\">Aster may still have attention because of the names linked to it (read: Binance&#8217;s Changpeng Zhao), but Hyperliquid seems to have the better use case. With Pre-IPO perps now entering the conversation, the market is clearly giving Hyperliquid more credit.<\/p>\n<hr \/>\n<h2 data-start=\"65\" data-end=\"782\">Final Summary<\/h2>\n<ul>\n<li data-start=\"168\" data-end=\"277\"><em>Hyperliquid dominates DEX derivatives, far ahead of Aster.<\/em><\/li>\n<li data-start=\"278\" data-end=\"395\"><em>Markets like Hyperliquid\u2019s transparency and new Pre-IPO perp offering.<\/em><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Transparency and new Pre-IPO perp markets are pushing Hyperliquid to the front.<\/p>\n","protected":false},"author":114,"featured_media":594425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,6376,20],"tags":[],"class_list":["post-594419","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-solana-news","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Hyperliquid leads Aster with gains, as new Pre-IPO perpetual markets boost its edge in crypto derivatives trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Transparency and new Pre-IPO perp markets are pushing Hyperliquid to the front.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-02T08:00:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Samyukhtha-52-e1777696889647.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Samyukhtha L KM\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samyukhtha L KM\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"ReportageNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/\"},\"author\":{\"name\":\"Samyukhtha L KM\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/45f285e0aba4007b72ba6b5ec9cbcb19\"},\"headline\":\"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game\",\"datePublished\":\"2026-05-02T08:00:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/\"},\"wordCount\":387,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/Samyukhtha-52-e1777696889647.webp\",\"articleSection\":[\"Altcoin\",\"News\",\"News 1\",\"Solana\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/#respond\"]}],\"copyrightYear\":\"2026\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/\",\"name\":\"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/Samyukhtha-52-e1777696889647.webp\",\"datePublished\":\"2026-05-02T08:00:54+00:00\",\"description\":\"Hyperliquid leads Aster with gains, as new Pre-IPO perpetual markets boost its edge in crypto derivatives trading.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\\\/#primaryimage\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/Samyukhtha-52-e1777696889647.webp\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/Samyukhtha-52-e1777696889647.webp\",\"width\":1600,\"height\":900,\"caption\":\"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"name\":\"AMBCrypto\",\"description\":\"Stay Ahead!\",\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"alternateName\":\"AMBCrypto News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ambcrypto.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\",\"name\":\"AMBCrypto\",\"alternateName\":\"AMBCrypto News\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/04\\\/amb-wide.jpg\",\"width\":600,\"height\":60,\"caption\":\"AMBCrypto\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/cryptoamb\",\"https:\\\/\\\/x.com\\\/CryptoAmb\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/13629485\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/45f285e0aba4007b72ba6b5ec9cbcb19\",\"name\":\"Samyukhtha L KM\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/IMG_8731-1-100x100.jpg\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/IMG_8731-1-100x100.jpg\",\"contentUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2026\\\/02\\\/IMG_8731-1-100x100.jpg\",\"caption\":\"Samyukhtha L KM\"},\"description\":\"Samyukhtha L KM is a financial journalist and market analyst at AMBCrypto. She covers key market moves, blockchain adoption, and socially-driven crypto trends. She also enjoys providing fresh takes through commentaries on emerging narratives.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/samyukhtha-l-km-275342230\\\/\"],\"url\":\"https:\\\/\\\/ambcrypto.com\\\/author\\\/samyukhtha-lkm\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game - AMBCrypto","description":"Hyperliquid leads Aster with gains, as new Pre-IPO perpetual markets boost its edge in crypto derivatives trading.","robots":{"index":"index","follow":"follow","max-image-preview":"max-image-preview:large"},"canonical":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/","og_locale":"en_US","og_type":"article","og_title":"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game - AMBCrypto","og_description":"Transparency and new Pre-IPO perp markets are pushing Hyperliquid to the front.","og_url":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/","og_site_name":"AMBCrypto","article_publisher":"https:\/\/www.facebook.com\/cryptoamb","article_published_time":"2026-05-02T08:00:54+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Samyukhtha-52-e1777696889647.webp","type":"image\/webp"}],"author":"Samyukhtha L KM","twitter_card":"summary_large_image","twitter_creator":"@CryptoAmb","twitter_site":"@CryptoAmb","twitter_misc":{"Written by":"Samyukhtha L KM","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"ReportageNewsArticle","@id":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/#article","isPartOf":{"@id":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/"},"author":{"name":"Samyukhtha L KM","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/45f285e0aba4007b72ba6b5ec9cbcb19"},"headline":"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game","datePublished":"2026-05-02T08:00:54+00:00","mainEntityOfPage":{"@id":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/"},"wordCount":387,"commentCount":0,"publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"image":{"@id":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Samyukhtha-52-e1777696889647.webp","articleSection":["Altcoin","News","News 1","Solana","Trading View"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/#respond"]}],"copyrightYear":"2026","copyrightHolder":{"@id":"https:\/\/ambcrypto.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/","url":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/","name":"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game - AMBCrypto","isPartOf":{"@id":"https:\/\/ambcrypto.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/#primaryimage"},"image":{"@id":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/#primaryimage"},"thumbnailUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Samyukhtha-52-e1777696889647.webp","datePublished":"2026-05-02T08:00:54+00:00","description":"Hyperliquid leads Aster with gains, as new Pre-IPO perpetual markets boost its edge in crypto derivatives trading.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/hype-aster-falls-pre-ipo-markets-change-the-dex-derivatives-game\/#primaryimage","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Samyukhtha-52-e1777696889647.webp","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/05\/Samyukhtha-52-e1777696889647.webp","width":1600,"height":900,"caption":"HYPE, ASTER falls: Pre-IPO markets change the DEX derivatives game"},{"@type":"WebSite","@id":"https:\/\/ambcrypto.com\/#website","url":"https:\/\/ambcrypto.com\/","name":"AMBCrypto","description":"Stay Ahead!","publisher":{"@id":"https:\/\/ambcrypto.com\/#organization"},"alternateName":"AMBCrypto News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ambcrypto.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ambcrypto.com\/#organization","name":"AMBCrypto","alternateName":"AMBCrypto News","url":"https:\/\/ambcrypto.com\/","logo":{"@type":"ImageObject","@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/04\/amb-wide.jpg","width":600,"height":60,"caption":"AMBCrypto"},"image":{"@id":"https:\/\/ambcrypto.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/cryptoamb","https:\/\/x.com\/CryptoAmb","https:\/\/www.linkedin.com\/company\/13629485\/"]},{"@type":"Person","@id":"https:\/\/ambcrypto.com\/#\/schema\/person\/45f285e0aba4007b72ba6b5ec9cbcb19","name":"Samyukhtha L KM","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/02\/IMG_8731-1-100x100.jpg","url":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/02\/IMG_8731-1-100x100.jpg","contentUrl":"https:\/\/ambcrypto.com\/wp-content\/uploads\/2026\/02\/IMG_8731-1-100x100.jpg","caption":"Samyukhtha L KM"},"description":"Samyukhtha L KM is a financial journalist and market analyst at AMBCrypto. She covers key market moves, blockchain adoption, and socially-driven crypto trends. She also enjoys providing fresh takes through commentaries on emerging narratives.","sameAs":["https:\/\/www.linkedin.com\/in\/samyukhtha-l-km-275342230\/"],"url":"https:\/\/ambcrypto.com\/author\/samyukhtha-lkm\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/594419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/users\/114"}],"replies":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/comments?post=594419"}],"version-history":[{"count":0,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/posts\/594419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media\/594425"}],"wp:attachment":[{"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/media?parent=594419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/categories?post=594419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ambcrypto.com\/wp-json\/wp\/v2\/tags?post=594419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}