Perp DEXs are on fire, with volumes topping $1 trillion a month for the first time. 
Aster, backed by YZi Labs (formerly Binance Labs), has suddenly vaulted to the top of volume charts, but is its rise organic, or manufactured? 
But while everyone frames the battle as Aster vs. Hyperliquid, Syncracy’s Ryan Watkins and Sunny Shi argue the real fight is much bigger: decentralized exchanges versus centralized giants like Binance. 
Plus: what role Solana will play in the next chapter in the perps DEX wars? And won’t Ethereum even compete? 
Thank you to our sponsors!
<ul>
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<a href="https://binance.onelink.me/y874/Unchained">⁠Binance⁠</a>
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<a href="https://www.asia.token2049.com/">Token2049</a>
Guests:
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</ul>
<ul>
 <li>
<a href="https://x.com/RyanWatkins_">Ryan Watkins</a>, Co-Founder of Syncracy Capital
</li>
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<a href="https://x.com/defi_monk">Sunny Shi</a>, Investor at Syncracy Capital
 
Links:
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</ul>
<ul>
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Unchained: 
</li>
<ul>
 <li>
<a href="https://unchainedcrypto.com/nearly-12-billion-in-hype-token-unlocks-loom-ahead-maelstrom/">Nearly $12 Billion in HYPE Token Unlocks Loom Ahead: Maelstrom</a>
<a href="https://unchainedcrypto.com/why-hyperliquid-should-cut-its-total-token-supply-nearly-in-half/">Why Hyperliquid Should Cut Its Total Token Supply Nearly in Half</a> 
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What’s the Better Bet? Stocks or Gold? - Ep. 916

Crypto assets and blockchain technology are about to transform every trust-based interaction of our lives, from financial services to identity to the Internet of Things. In this podcast, host Laura Shin, an independent journalist covering all things crypto, talks with industry pioneers about how crypto assets and blockchains will change the way we earn, spend and invest our money. Tune in to find out how Web 3.0, the decentralized web, will revolutionize our world.