Just saw an interesting argument:
No one cares if Hyperliquid is L1,
no one cares if Lighter is L2,
no one cares if Var is RFQ,
no one cares what Aster is.
They are all pretty much the same, just use them.
Let me teach you the differences among these:
1. Why is HL (Hyperliquid) L1?
Technical meaning: It does not rely on Arbitrum or OP; it is an independent blockchain created specifically for trading.
Restaurant analogy: A self-built farmhouse. The owner thinks the rent in the outside mall (public chain) is expensive and crowded, so they buy land, build a building, and generate power.
Advantages: Extremely fast, no need to look at the landlord (Ethereum), can change things as desired.
Disadvantages: Have to build their own roads (cross-chain bridges); if customers want this meal, they have to make a special trip.
2. Why is Lighter L2?
Technical meaning: An order book built on Ethereum's second layer (Rollup).
Restaurant analogy: A boutique fast food place in the mall. It is located in the bustling "Ethereum shopping mall." It utilizes the mall's security and foot traffic, but to serve meals quickly, it has set up an ultra-fast independent assembly line in the restaurant.
Advantages: It has the security of the mall, and serves faster than ordinary restaurants.
Positioning: It is an elevated bridge (Layer 2) that is dependent on the main road.
3. Why is Var (Variational) RFQ?
Technical meaning: Here RFQ refers to the "Request for Quote" model.
Restaurant analogy: Finding a private chef or wholesaler. You are not ordering from a menu (order book), nor are you casually picking items from a self-service area (AMM).
You call the manager: "I want 1000 jin of beef, give me a price."
The manager tells you after calculating: "5000 yuan, deal or not?"
You say: "Deal." Transaction completed.
Advantages: Designed specifically for large clients, what you see is what you get, no slippage.
4. What exactly is Aster?
Aster follows the route of "mixed bag" and "strong operation."
It has both an order book and high-leverage models, and supports multiple chains.
Restaurant analogy: A super-popular chain self-service city.
A loudspeaker at the entrance shouts: The owner has money, and meals come with gold bars.
Although no one knows if its kitchen has a gas stove or an induction cooker, because there are many activities, it is popular, and has a strong background (Binance system), everyone rushes in.
#加密市场观察 $BNB @阿熊11Elevenbear $ASTER
