$HYPE and $ASTER , which are, so to speak, "unaffected by the bear market." Why is this? For the Hyperliquid platform, trading volume data is crucial. The platform has maintained very high trader activity for several weeks, and its fully on-chain order book model has attracted both retail and more advanced market participants. Growing revenue from transaction fees and the burn mechanisms associated with the HYPE token – including buyback elements financed by generated fees – reinforce the narrative of the project's real fundamental value. During a bear market, investors are increasingly seeking precisely these assets: those that generate stable cash flow and benefit from pure speculative activity, also betting on declines.
An additional impetus for Hyperliquid was the recent addition of tokenized assets for precious metals such as gold and silver.
The ASTER token has recently recorded significant growth, despite the broad altcoin market remaining in a correction. Several key factors can be identified here: firstly, the project is backed by CZ itself, the creator of the world's largest cryptocurrency exchange and increasingly the "face" of the Aster platform itself. Secondly, the exchange is increasingly introducing improvements and solutions well-known from its closest competitor and the leader of the entire sector, such as its own mainnet and incentive campaigns. Aster also targets "privacy" capital by providing so-called "dark pools." This trading offer is for investors who want to maintain their anonymity on the blockchain, without the possibility of detecting who is behind a given wallet.