Hyperliquid and Aster are driving the evolution of the Sui DeFi ecosystem, focusing on the perpetual contract decentralized exchange (DEX) market. Aster is rapidly gaining market share, while Hyperliquid is enhancing its infrastructure with the "HIP Blueprint." This includes features like HIP-1 for one-click token launches and HIP-2 for a native liquidity engine, aimed at boosting capital efficiency and price discovery. These developments are expected to expand the DeFi ecosystem on Sui and potentially lead to the emergence of more Perp DEXs.