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Shandong to draw global attention with Confucius cultural festival

QUFU, China, Sept. 24, 2025 /PRNewswire/ — East China’s Shandong province is the birthplace of Confucianism and one of the core origins of Chinese civilization, having cultivated the land for millennia. The belief system has deeply rooted itself in the hearts of its people, shaping their lifestyles and the nation’s values.

The Shandong Provincial People’s Government announced that on Sept 27 and 28 the 2025 International Confucius Cultural Festival will be held in Qufu, administered by Jining. It was the hometown of Confucius, who was revered as a sage living during the Spring and Autumn Period (770-476 BC) and was the founder of Confucianism.

Themed “A Vision of Confucius: A World in Harmonious Coexistence”, this year’s festival will feature three major events, including an opening ceremony with the 20th awards ceremony of the UNESCO Confucius Prize, a memorial ceremony for Confucius, and a “study tour with Confucius” tourism-themed event, all in celebration of the 2,576th birthday of the sage.

In the past two decades since the UNESCO Confucius Prize started in 2005, the prize has seen 57 excellent projects from 36 countries including South Africa, Spain and Pakistan. They’ve promoted the implementation and effectiveness of the quality education goal in the United Nation’s Sustainable Development Goals and received widespread praise and high recognition from the global education community. This is evidence enough for Confucius’ saying: “Education without distinction” — and knowledge belongs to all who seek it.

Shandong, with its rich Confucian culture heritage, has always attracted the attention of the world. The tourism-themed event to be released during the festival aims to get visitors into a richer and more immersive cultural experience, touring Shandong’s mountains and rivers, savoring Confucius’ wisdom and exploring the connotation of harmonious coexistence. Meanwhile, a series of provincial-range study tours featuring Confucian culture will be launched.

In addition, the Shandong Provincial Department of Culture and Tourism will join China Daily to host an event entitled “Global influencers explore Confucius hometown in shandong” from Sept 28 to 30.

About 10 international media figures, bloggers and cultural influencers will visit Qufu, Tai’an and Zibo, exploring Confucian heritage, Taishan Mountain and the colored glaze cultures through special immersive experiences. The event will feature interactive sessions, creating diverse content to amplify Shandong’s cultural appeal and tell its stories to the world.

 

SKF redesigns Industrial organization to increase competitiveness

GOTHENBURG, Sweden, Sept. 24, 2025 /PRNewswire/ — SKF is redesigning parts of the Industrial business to further increase its competitiveness and accelerate profitable growth. The new set-up, which will be implemented with immediate effect, will drive business synergies across the full value chain globally and simplify structures to accelerate execution regionally.

The functions Operations and Commercial excellence are combined into one which will enable a stronger alignment, governance and end-to-end execution across the full value chain. The business area Independent and Emerging Businesses will be discontinued. Its stand-alone entities will be organized in Specialized Industrial Solutions to further strengthen these strategic core businesses as they are tailored according to respective business and market needs.

“As the separation of the Automotive business is progressing, we have the opportunity to adapt our set-up for the Industrial business. This is a natural next step in our strategic journey and with clearer and more efficient structures, we will strengthen both our strategic and commercial capabilities,” says Rickard Gustafson, President and CEO.

SKF is announcing the following changes in Group Management:

Hans Landin, Senior Vice President, Group Commercial Excellence Bearings, is appointed to lead the new organization of stand-alone businesses and assume the role as President Specialized Industrial Solutions.

Joakim Landholm, Senior Vice President Group Operations & Chief Sustainability Officer, will assume the role as Senior Vice President Commercial and Operations Development.

Susanne Larsson, Senior Vice President Finance and CFO, will in addition to her current role assume the role as Chief Sustainability Officer.

Thomas Fröst, President, Independent and Emerging Businesses, will leave Group Management today but will remain in an advisory role during a transition period.

“A sharpened industrial focus will evolve our strengths and with this new organizational set-up we aim to create even more progress for our customers and for us as a company. On behalf of SKF, I would also like to thank Thomas for his valuable contribution during many years of employment in building these core businesses, and I wish him all the best for the future,” says Rickard Gustafson.

Aktiebolaget SKF
      (publ)

For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com 
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908072; sophie.arnius@skf.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/skf-redesigns-industrial-organization-to-increase-competitiveness,c4238915

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LG Innotek Acquires Large-scale Funding from IFC “Proof of World-leading ESG Management”

  • Successful funding of USD 200 million, to be utilized for expansion of production facility in Vietnam
  • Spotlighting of outstanding ESG management metrics’ recognition by global institution with stringent standards 

SEOUL, South Korea, Sept. 24, 2025 /PRNewswire/ — LG Innotek (CEO Moon Hyuksoo) announced on 24th September the successful acquisition of large-scale funding from the International Finance Corporation (IFC) in recognition of its outstanding performance in ESG (environmental, social, and governance) management.

The IFC, a member of the World Bank Group, is an international financial institution that supports private sector investment.

LG Innotek applied for the IFC’s Sustainability-Linked Loan (SLL) last year to invest in the expansion of its production facility in Hai Phong, Vietnam, becoming the first Korean company to secure a total of USD 200 million. The loan has a maturity of eight years.

Introduced in 2017, the SLL is an international financial mechanism designed to promote ESG management among global companies. Companies with higher ESG performance and compliance metrics benefit from greater interest rate reductions.

Most importantly, unlike the Green Loan, which requires the funds to be applied only to ESG-specific projects, the SLL can be used for various purposes. This is the reason for the rigorous approval process and strictly regulated loan execution management and supervision. Throughout the term of the loan, the company must meet ESG management targets agreed upon in advance with the bank to continue to benefit from the low interest rate.

An LG Innotek official said, “LG Innotek’s satisfying the rigorous standards of a reputable international organization to successfully secure SLL funding once again demonstrates its unrivaled ESG management capacity worldwide.”

In 2022, the company set the ambitious goals of converting 100% of its electricity use to renewable energy (RE100, Renewable Electricity 100) by 2030 and achieving carbon neutrality by 2040.

It has since established a comprehensive roadmap to achieve the first goal, and as of 2024, 60% of its electricity use is renewable. This is the highest conversion rate among Korean companies that have joined RE100, with the exception of the Korea Water Resources Corporation, which engages in a renewable energy business. Notably, its plants in Paju and Gumi in South Korea, along with its facilities in Vietnam, achieved RE100 status last year.

These efforts earned LG Innotek a “Leadership A” rating in the 2024 Carbon Disclosure Project’s Climate Change Response Assessment and led to it being named the Leading Carbon Management Company for the third consecutive year.

Carsten Müeller, the IFC’s Regional Industry Director for Manufacturing, Agribusiness, and Services in Asia and the Pacific, stated, “We are delighted to sign the first SLL with LG Innotek. We look forward to continuing our work with LG Innotek to promote sustainability.”

LG Innotek CFO Jihwan Park(Executive Vice President) commented, “This IFC funding is a meaningful financial outcome of the company’s authentic ESG management activities. Going forward, we will continue to lead in ESG management while delivering exceptional value to our customers.”

Jihwan Park, CFO (Executive Vice President, right) of LG Innotek, and Carsten Müeller, the IFC’s Regional Industry Director for Manufacturing, Agribusiness, and Services in Asia and the Pacific at IFC, pose for a commemorative photo after concludinsg the Sustainability-Linked Loan (SLL) signing ceremony held recently in Seoul.
Jihwan Park, CFO (Executive Vice President, right) of LG Innotek, and Carsten Müeller, the IFC’s Regional Industry Director for Manufacturing, Agribusiness, and Services in Asia and the Pacific at IFC, pose for a commemorative photo after concludinsg the Sustainability-Linked Loan (SLL) signing ceremony held recently in Seoul.

 

Hyundai Mobis Accelerates 2030 GHG Reduction Targets

  • Hyundai Mobis secured SBTi approval for its 2030 target to reduce greenhouse gases by nearly half (46%) compared to 2019 levels
  • This is expected to positively impact the company’s global order competitiveness, including meeting UK electric vehicle grant eligibility criteria
  • The company is expanding its renewable energy transition (RE100) by installing solar power at domestic and international facilities…also strengthening activities to support systematizing GHG management for partners

SEOUL, South Korea, Sept. 24, 2025 /PRNewswire/ — Hyundai Mobis (KRX 012330) has newly set greenhouse gas reduction targets for 2030 and obtained approval for them from Science Based Targets initiative (SBTi). This is the result of the company presenting achievable reduction targets and implementation methods for the next five years and comprehensively demonstrating them.

Hyundai Mobis’ mid-to-long-term GHG reduction plan aligns with strengthened sustainability policies in Korea and various countries worldwide. By satisfying this essential condition supporting global orders, the company can now expect favorable effects in terms of mobility competitiveness.

Hyundai Mobis announced on 24 that its GHG reduction targets have been approved by the Science Based Targets initiative (SBTi).

SBTi is a global organization jointly established by the Carbon Disclosure Project (CDP), the UN Global Compact (UNGC), and others. It scientifically verifies corporate GHG reduction targets based on the Paris Agreement on climate change.

Hyundai Mobis received approval for its GHG reduction targets through 2030, an intermediate step toward achieving carbon neutrality by 2045. The company’s reduction plans for both domestic and international business sites, as well as the supply chain, simultaneously passed the review. Consequently, Hyundai Mobis’ GHG reduction over the next five years is projected to be 46% lower than the 2019 baseline, nearly halving emissions.

Through this verification, Hyundai Mobis secured approval for its near-term goal to reduce absolute Scope 1 and 2 GHG emissions from its operations by 46% by 2030. For Scope 3 emissions from purchased goods and services, the company aims to achieve a 55% reduction per million KRW of value added within the same timeframe.

This SBTi approval is also expected to positively impact the company’s global order competition. With SBTi verification now included in the UK’s electric vehicle grant requirements, global automakers are increasingly favoring automotive suppliers with SBTi approval.

■ Hyundai Mobis on track to achieve its 2040 RE100 goal for domestic and international facilities…also increasing efforts to support partners in systematizing GHG management

Hyundai Mobis has established a concrete carbon neutrality strategy, setting a target to increase the proportion of renewable energy used at its domestic and international facilities to 65% by 2030 and 100% by 2040. To achieve this, the company is implementing RE100 by establishing separate timelines for each country and facility.

In Korea, the company is installing solar power generation facilities at its key sites like the Daegu and Ulsan plants and the Yeongnam Logistics Center, rapidly advancing the shift to low-carbon energy. Overseas, it is expanding the installation of solar facilities at its sites in India and elsewhere.

Additionally, Hyundai Mobis is increasing its renewable energy share through various methods, including signing renewable energy purchase agreements and purchasing certificates. The company’s facilities in Slovakia, Brazil, and Turkey have already completed their transition to 100% renewable energy.

To reduce GHG emissions in its supply chain, Hyundai Mobis is supporting its partners in systematizing their GHG management and expanding the purchase of low-carbon raw materials. Last year, the company expanded its supply chain scope to include overseas partners when conducting third-party verification of GHG emissions from both domestic and international partners and disclosing the results. Building on this, the company plans to establish GHG management strategies tailored to emission characteristics to drive effective reductions.

Meanwhile, Hyundai Mobis has declared carbon neutrality based on its ‘Green Transformation to 2045 Net-Zero’ vision, establishing a roadmap to practice environmental management. The company regularly reports its renewable energy transition targets and performance to its Sustainability Management Committee and is strengthening its practical implementation efforts.

About Hyundai Mobis

Hyundai Mobis is the global no. 6 automotive supplier, headquartered in Seoul, Korea. Hyundai Mobis has outstanding expertise in sensors, sensor fusion in ECUs and software development for safety control. The company’s products also include various components for electrification, brakes, chassis and suspension, steering, airbags, lighting, and automotive electronics. Hyundai Mobis operates its R&D headquarters in Korea, with four technology centers in the United States, Germany, China, and India. For more information, please visit the website at http://www.mobis.com.

Media Contact 
Choon Kee Hwangckhwang@mobis.com
Jihyun Han : jihyun.han@mobis.com

 

Empowering ASEAN Development Across the Value Chain, Genertec Shines at the 22nd China-ASEAN Expo


NANNING, CHINA – Media OutReach Newswire – 24 September 2025 – On September 17, the 22nd China-ASEAN Expo (CAEXPO) opened grandly in Nanning, Guangxi.

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With the theme “Promoting AI Empowerment and Innovation for A New Shared Future”, this year’s CAEXPO covers 160,000 square meters and brings together more than 3,200 exhibitors. At the central SOE pavilion, Genertec showcased under the theme “Integration and Smart Manufacturing for a Sustainable Future”, highlighting its latest achievements in deepening its strategic layout of the ASEAN market and driving high-quality development through cutting-edge technological, business model, and service innovation. During the event, Genertec also co-hosted a promotion and exchange session under the theme “Joining Hands with ASEAN to Forge Cooperation, Igniting Intelligence to Unveil a New Future”, underscoring its role as both a “value chain integrator” and a “regional development enabler” in building a closer China-ASEAN community with a shared future.

Three specialized zones: Showcasing full-chain cooperation strength

At its 360-square-meter booth, Genertec highlighted three key sectors—international engineering, advanced equipment, and innovation services—directly responding to ASEAN’s twin demands for better infrastructure and upgraded manufacturing.

International engineering powering regional growth: By combining physical models with immersive VR, Genertec presented its landmark projects along the Belt and Road, showcasing full-chain capabilities in infrastructure and energy development.

Advanced equipment driving industrial upgrades: The highlight was Neusoft Medical’s self-developed NeuViz Epoch Elite CT scanner, the world’s fastest 16 cm spiral CT, which drew wide attention with its ultra-fast scans and crystal-clear imaging.

Innovation services enabling technology transformation: Genertec showcased how innovation services act as the engine of tech upgrades. Using VR-based virtual machine tools, visitors could “step inside” machines, see their structure clearly, and even simulate dismantling—turning complex industrial technology into something tangible.

Building collaboration platforms: Industry forum and youth dialogue

As one of CAEXPO’s official side events, the forum featured keynote speeches, signing ceremonies, and roundtable discussions, showcasing achievements in international engineering and equipment cooperation. Around 200 guests attended.

Guest speakers—including senior Chinese and ASEAN officials—praised Genertec’s achievements in advancing Belt and Road cooperation and opening new channels for collaboration. They offered insights on deepening industry chain cooperation, building modern industrial systems, and promoting regional integration.

In the Gen Z Roundtable, ASEAN youth in China and Genertec’s Chinese and foreign employees, exchanged views on regional cooperation, green transition, and cross-cultural communication.

Looking ahead

Genertec will continue focusing on ASEAN’s needs in infrastructure and advanced equipment, deepening trust and expanding cooperation with governments, enterprises, and institutions across the region.

Hashtag: #Genertec

The issuer is solely responsible for the content of this announcement.

Hengrui Pharma and Glenmark Pharmaceuticals Enter Exclusive License Agreement for HER2 ADC Trastuzumab Rezetecan (SHR-A1811)

SHANGHAI, Sept. 24, 2025 /PRNewswire/ — Hengrui Pharma (600276.SH; 01276.HK), a leading innovative global pharmaceutical company focused on scientific and technological innovation, announced today that it has entered into an exclusive license agreement with Glenmark Specialty S.A. (GSSA), a wholly-owned subsidiary of Glenmark Pharmaceuticals Ltd., which is a research-led, global pharmaceutical company, for Hengrui’s independently developed HER2-targeting ADC, Trastuzumab Rezetecan (SHR-A1811).

Under the terms of the agreement, Hengrui has granted Glenmark exclusive rights to develop and commercialize Trastuzumab Rezetecan worldwide, excluding Mainland China, the Hong Kong SAR, the Macao SAR, Taiwan Region, USA, Canada, Europe, Japan, Russia, Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan and Uzbekistan. Glenmark will pay Hengrui an upfront payment of US$18 million. Hengrui is eligible to receive regulatory and commercial milestone payments of up to US$1.093 billion. Based on the net sales of Trastuzumab Rezetecan within the licensed territory, Glenmark will pay corresponding royalties to Hengrui.

Jo Feng, President of Hengrui Pharma, said:

“Facing the major global challenge of cancer treatment, Hengrui has over the years accelerated the research and development of cutting-edge innovative therapies such as ADCs, and is committed to addressing clinical treatment challenges and meeting unmet medical needs. This collaboration with Glenmark is a significant step in Hengrui’s ongoing strategy to deepen its presence in emerging markets. We look forward to working together to enhance the accessibility of innovative therapies and to bring new hope to patients in more countries and regions.”

Glenn Saldanha, Chairman and Managing Director of Glenmark, said:

“We are delighted to collaborate with Hengrui and build on the scientific momentum of Trastuzumab Rezetecan (SHR-A1811) as we continue expanding our oncology pipeline and leadership. This partnership aligns strongly with our strategy to bring differentiated, high-value therapies to patients and reinforces our commitment to advancing innovation in areas of significant unmet need.”

Trastuzumab Rezetecan is Hengrui’s self-developed HER2-targeted ADC. In May 2025, it was approved in China for the treatment of adult patients with HER2 (ERBB2) activating mutations in unresectable locally advanced or metastatic non-small cell lung cancer (NSCLC) who have received at least one prior systemic therapy. This is the first China-developed ADC approved for HER2-mutated NSCLC. In September 2025, the new indication for Trastuzumab Rezetecan in breast cancer was accepted by China’s NMPA for review and was included in the priority review program. To date, Trastuzumab Rezetecan has been included in the NMPA’s Breakthrough Therapy Designation list for nine indications, covering NSCLC, breast cancer, gastric or gastroesophageal junction adenocarcinoma, colorectal cancer, biliary tract cancer, and gynecologic malignancies.

Currently, Trastuzumab Rezetecan is actively advancing multiple clinical trials. In August 2025, Trastuzumab Rezetecan in combination with adebrelimab and chemotherapy obtained Orphan Drug Designation from the US FDA for gastric or gastroesophageal junction adenocarcinoma.

Notably, based on its proprietary modular ADC platform (HRMAP®) and over 10 years of experience in ADC research and development, Hengrui Pharma has become a leading domestic enterprise in the layout of popular targets, with a number of differentiated ADC products. At present, more than 10 differentiated ADC molecules, including Trastuzumab Rezetecan, have been successfully approved for clinical trials. As of June 2025, 6 of Hengrui’s ADC products are in Phase III clinical trials or beyond, and a number of innovative drug products are deployed in various solid tumor treatment fields.

About Glenmark Pharmaceuticals

Glenmark Pharmaceuticals Ltd. (BSE: 532296 | NSE: GLENMARK) is a research‐led, global pharmaceutical company, having a presence across Branded, Generics, and OTC segments; with a focus on therapeutic areas of respiratory, dermatology and oncology. Glenmark Pharmaceuticals has 11 world-class manufacturing facilities spread across 4 continents, and operations in over 80 countries. Scrip 100 positions Glenmark Pharmaceuticals amongst the Top 100 biopharmaceutical companies ranked by Pharmaceutical Sales in 2023. For more information, please visit the following website of Glenmark Pharmaceuticals: www.glenmarkpharma.com.

About Hengrui Pharma

Hengrui Pharma is an innovative, global pharmaceutical company dedicated to the research, development and commercialization of high-quality medicines to address unmet clinical needs. Its therapeutic areas of focus include oncology, metabolic and cardiovascular diseases, immunological and respiratory diseases, and neuroscience. Founded in 1970 with the core principle of putting patients first, Hengrui Pharma remains committed to advancing human health by striving to conquer diseases, improve health, and extend lives through the power of science and technology.

learnd SE: Sale of a majority stake in learnd Ltd. as part of a management buy-out and appointment of former chairman of the supervisory board as sole member of the management board

Public disclosure of inside information pursuant to Article 17 para. 1 of Regulation (EU) No 596/2014 on market abuse (Market Abuse Regulation)

Sale of a majority stake in learnd Ltd. as part of a management buy-out and appointment of former chairman of the supervisory board as sole member of the management board

LUXEMBOURG – EQS Newswire – 24 September 2025 – learnd SE (ISIN: LU2358378979, Stock Exchange: Frankfurt) (the “Company”) announces the sale of a majority stake in its operating subsidiary, learnd Ltd., as part of a management buy-out to a company controlled by its former management board members, as well as the appointment of the former chairman of the supervisory board as sole member of the management board.

Sale of 50.5% of shares in learnd Ltd.

Today, the Company has entered into a share purchase agreement with learnd Arrow Limited regarding the sale of 50.5% of the shares in its subsidiary, learnd Ltd. (the “Transaction”). The Transaction values learnd Ltd. at an enterprise value of EUR 48.5 million. The sale will result in the Company receiving an amount of EUR 10,455,693.00. In addition, as part of the Transaction, all outstanding intra-group loans will be settled; as a consequence, the Company will receive an additional amount of EUR 10,799,307.00. learnd Arrow Limited is indirectly controlled by John Clifford and Simon Wood, the two former members of the management board of the Company. learnd Ltd. encompasses the operating business of the Company. The share purchase agreement was entered into on customary market terms. The Transaction is subject to the clearance under the National Security and Investment Act of the United Kingdom, which is expected to be obtained prior to October 2, 2025. After the Transaction is completed, the Company will retain an indirect minority stake of 49.5% of the shares in learnd Ltd.

In parallel with the Transaction, the Company will acquire all shares in the Company held by the two former members of the management board for no consideration, except for one share each (the “Repurchase”). The Company intends to propose the cancellation of such repurchased shares to its shareholders in the next general meeting. Additionally, both former members of the management board will waive (i) their claims to certain bonus payments to which they were entitled and (ii) all of their options to subscribe for shares in the Company (the “Waiver”). Both the Repurchase and the Waiver are subject to (i) the completion of the Transaction and (ii) the approval of the cancellation of the repurchased shares by the Company’s general meeting.

In connection with the share purchase agreement, the Company has entered into a shareholders’ agreement with the new majority shareholder of the operating company. This shareholders’ agreement grants the Company, inter alia, the right to nominate one of up to four members of the board of directors of the operating company. Certain extraordinary measures related to the management of the operating company are subject to the Company’s approval.

Use of the proceeds from the sale

The Company intends to use the net proceeds from the sale as follows: (i) approximately 40% for the repayment of existing shareholder loans and another loan, and (ii) approximately 30% for the repayment of acquisition financing utilized for prior acquisitions. The remaining funds will be allocated to cover operating costs and, to the extent available, for distribution to the Company’s shareholders.

New appointment to the management board and changes in the supervisory board

Immediately prior to the Transaction, John Clifford and Simon Wood have resigned from the management board of the Company to avoid conflicts of interest. The supervisory board of the Company has appointed Gisbert Rühl, the former chairman of the supervisory board and co-founder of the SPAC GFJ ESG Acquisition I SE, as sole member of the management board of the Company. As his successor, the supervisory board appointed Johann Stachow, former general counsel of Xella International GmbH, as a member and chair of the supervisory board of the Company. The supervisory board consists of Johann Stachow (chair), Karl-Theodor zu Guttenberg, and Stefan Spang.

Important Notice

This announcement may contain forward-looking statements based on current assumptions and forecasts made by the Company’s management board. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expected in such statements. The Company assumes no obligation to publicly update or revise any such statements.

Hashtag: #learndSE

The issuer is solely responsible for the content of this announcement.

Bybit Crypto Insights Report: Aster Takes on Hyperliquid in the Perp DEX Boom

DUBAI, UAE, Sept. 24, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest Bybit Crypto Insights report, analyzing the growth of decentralized perpetual exchanges and how Aster has emerged as a competitor to Hyperliquid.

Bybit has entered the onchain DEX race with Byreal, a Solana-based decentralized exchange now in beta and set for mainnet in early October. According to DefiLlama, Byreal has recorded more than $335.41M in cumulative trading volume since its beta launch, with daily volume peaking at $28.15M. TVL reached a high of $14.22M. Byreal uses hybrid liquidity models, including RFQ and CLMM mechanisms, to reduce slippage and curb MEV.

The Rise of Aster

Aster was formed from the merger of Astherus and ApolloX and launched in September with a token that surged more than 300 percent in hours. The ASTER token reached a $1.33 billion market cap within two days. Aster’s features include MEV-free execution, hidden orders and dual trading interfaces designed for both retail and professional users. Plans for a zero-knowledge-powered chain and integration with the Binance ecosystem have strengthened its early positioning.

How Aster stacks up against Hyperliquid

Hyperliquid remains the leading decentralized perp DEX, recording about $200 billion in September trading volume compared with Aster’s $20 billion. Its market capitalization is estimated at $13.2 billion, while Aster’s is about $2.5 billion.

The two platforms reflect contrasting strategies. Hyperliquid built its own Layer 1 infrastructure with HyperBFT consensus and sub-second finality, delivering centralized exchange-like execution entirely on chain. Aster was mainly launched on BNB Chain with a modular design and emphasizes ecosystem integration, branding and token-driven growth.

How is Hyperliquid different from dYdX/GMX?

Legacy platforms such as dYdX and GMX emphasize decentralization as a core principle. By comparison, newer players like Hyperliquid and Aster prioritize speed, liquidity and user experience. Both sacrifice a degree of decentralization in favor of performance.

Hyperliquid and beyond

Bybit’s report notes that ideals such as trustlessness and community governance are taking a back seat to execution and user experience. Hyperliquid has long been the sector’s benchmark, having developed a blockchain optimized for trading, with fully on-chain matching and sub-second settlement.

Aster, however, has gained visibility not by building new infrastructure but by capturing attention through narrative, exchange backing and incentives. Its rapid rise illustrates how token launches, partnerships and endorsements can shift market dynamics.

The road ahead

The report concludes that decentralized perpetual DEXs are evolving into a model where decentralization is treated as a feature rather than a foundation. With centralized exchanges capable of launching their own versions, competition is expected to increase.

Hyperliquid, once seen as untouchable, now faces an existential challenge. Its infrastructure remains strong, but the market increasingly rewards storytelling, ecosystem incentives and cultural resonance alongside technical performance.

Read more about Aster’s emergence, Hyperliquid’s position and the evolving landscape of decentralized perpetual exchanges in the Bybit Crypto Insights Report: The rise of decentralized perp DEXs: How Aster matches Hyperliquid.

#Bybit / #TheCryptoArk /#BybitResearch

Bybit Crypto Insights Report: Aster Takes on Hyperliquid in the Perp DEX Boom
Bybit Crypto Insights Report: Aster Takes on Hyperliquid in the Perp DEX Boom

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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