Aster Overtakes Hyperliquid in Daily Trading Volumes Just Days After Launch – Here’s What Happened
- How Did Aster Eclipse Hyperliquid in Trading Volume?
- Why Is ASTER Token Rallying So Hard?
- What’s Behind Aster’s Fee Dominance?
- FAQs: Your Burning Questions Answered
In a stunning market shakeup, Aster—the newly launched perpetual futures DEX—has surpassed Hyperliquid in daily trading volumes mere days after its debut. With over $11 billion in 24-hour volume and $4M in daily fees, Aster is already challenging industry heavyweights. Meanwhile, its native token, ASTER, skyrocketed 257% to a new all-time high of $1.96. But how did this newcomer flip a dominant player so quickly? Let’s break it down.
How Did Aster Eclipse Hyperliquid in Trading Volume?
Aster’s explosive start isn’t just luck—it’s a mix of aggressive incentives and trader hype. The DEX reported $4B in perpetual futures volumes shortly after launch, but its real coup was hitting $11B in a single day, briefly topping Hyperliquid. According to DeFi Llama, Aster’s surge was fueled by a 300X leverage market (yes, you read that right) and a Stage 2 points program that rewards traders for activity. One user tagged as "cz" (unconfirmed if it’s Binance’s CZ) is already dominating the leaderboard. Talk about a flex.
Why Is ASTER Token Rallying So Hard?
ASTER’s price surge to $1.96 (up 257% since launch) mirrors Hyperliquid’s early days—but with a twist. Unlike Hyperliquid’s fixed buybacks, Aster’s are community-voted, adding a decentralized kicker. The token also got a boost from Binance inflows, with BNB-USDT pairs driving liquidity. Meanwhile, Hyperliquid’s HYPE token dipped to $46.98, still reeling from altcoin market jitters. Could this be a passing of the torch? Maybe. But let’s not ignore Hyperliquid’s $6.48B TVL lead versus Aster’s $1.3B.
What’s Behind Aster’s Fee Dominance?
Fees don’t lie: Aster generated $4M daily versus Hyperliquid’s $2.91M, per Cryptorank. Part of this comes from Bybit’s trading program funneling volume to Aster, plus PancakeSwap’s BNB Chain activity. The DEX even briefly cracked the top 5 fee producers during peak hours. Not bad for a rookie. But can it sustain this? That depends on whether its Rh points program keeps traders hooked.
FAQs: Your Burning Questions Answered
How did Aster achieve $11B in volume so fast?
Leverage mania (300X!), point farming, and Binance liquidity inflows created a perfect storm. Traders chased high-risk rewards, and Aster delivered.
Is Hyperliquid still the TVL king?
Yes—for now. Hyperliquid holds $6.48B in value locked, but Aster’s $1.3B is growing fast. The battle hinges on who can retain liquidity post-hype.
Will ASTER’s price rally continue?
Past performance isn’t future guarantee, but the token’s community-driven buybacks and exchange support (like BTCC listing ASTER pairs) could fuel momentum.
