Weak activity but better than Hyperliquid  The da

Weak activity but better than Hyperliquid 

The daily trading volume was up by 10% as per CoinMarketCap data, with this outperformance extending against Hyperliquid [HYPE]. ASTER had a volume of $5.467 billion against HYPE’s $4.605 billion

This was a show of strength against its peer, even though it launched way after HYPE.

But despite this, other chain metrics were down. The DEX and perp volumes were declining, below their September to early November records.

Additionally, the fees experienced significant impact, plummeting to approximately $1.18 million throughout the day. The Total Value Locked (TVL) fell by almost 50%, down from $2.48 billion to $1.32 billion.All these factors were bearish in nature but could change abruptly when markets shift. These could derail this potential 30% rally, but those were not the only hurdles