Quick overview of perp dexes
Hyper Liquid
Market cap 12 billion
FDV 43 billion
Daily Fees 3 million
Buybacks active
Aster
Market cap 4 billion
FDV 19 billion
Daily Fees 10 million
Buybacks confirmed, but not active
Avantis
Market cap 540 million
FDV 2 billion
Daily Fees 130,000
Buybacks rumored, not confirmed. (anyone have an update?)
These are the three hot ones right now.
Solana Perp dexes include Jupiter (which has buybacks, but they are small by comparison) and Drift which has no buybacks.
While much of the Aster volume is likely airdrop farming, it is obviously still undervalued compared to HYPE.
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