Before $aster, in 2019, Binance had a Dex... but it ultimately went nowhere.
The aster exchange itself, aside from perpetual contracts for BTC and ETH, has no depth in spot trading except for Aster....
Before hyperliquid, the first truly on-chain exchange in the crypto space was $Dydx, which is now also lukewarm.
The only one that has truly broken out is $hype. But in the future, there are several "hype killers" that are going to issue tokens.
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