Aster Stuns DeFi, Overtakes Hyperliquid in Daily Trading Volume Mere Days After Launch

A new DeFi protocol just pulled off a staggering market coup.

Volume Warfare

Aster didn't just enter the market—it exploded onto the scene. The platform's daily trading volume surged past Hyperliquid's, a well-established player, achieving what many thought was impossible this quickly. This wasn't a gradual climb; it was a full-scale assault on the status quo.

The mechanics behind the surge remain a hot topic, but the numbers speak for themselves. The flip happened decisively, proving that in the crypto world, legacy can be overturned in a heartbeat. It's a reminder that liquidity, like investor sentiment, is fiercely competitive and brutally efficient—a truth that keeps traditional finance guys awake at night, probably checking their bond yields.

This seismic shift signals one thing: the race for DeFi dominance is far from over, and new contenders can rewrite the rules overnight.

Based on Cryptorank data, Aster also got a boost to its daily volumes, achieving the highest activity of all perpetual futures DEX. The launch of Aster revived the whole space, with increased on-chain activity and competition between networks and protocols. 

ASTER reaches new all-time peak

The rapid expansion of Aster’s trading boosted its native asset. ASTER traded at a new all-time peak on Tuesday, rising to $1.96. The asset is already up over 257% since its launch, with relatively few setbacks. The ASTER rally models the drive of Hyperliquid, with a few changes. The DEX will also utilize buybacks, but those will be determined by the community through voting. 

During the showdown between Hyperliquid and the new contender, HYPE took a step back. HYPE is now consolidating around $46.98, still showing weakness after the general drop in altcoin prices. HYPE may get a boost from whale buying in the coming days, but for now, it remains far from its all-time peak NEAR $60. 

Hyperliquid remains the leader with over $6.48B in value locked, while Aster is catching up with around $1.3B. Hyperliquid retains the advantage of a native chain, as well as an eventual stablecoin launch. The DEX has also accrued over $5.6B in USDC liquidity, while Aster received direct BNB-USDT inflows from Binance’s hot wallets.

Aster gets a boost from point farming program

The current activity on Aster is partially due to the initial hype following the launch. The DEX is getting another boost from its Stage 2 Rh points program. 

The perpetual futures DEX also opened the leaderboard for its Stage 2 reward program. On position 2, one of the most active users is tagged as ‘cz’, though still unverified whether Binance’s Changpeng ‘CZ’ Zhao is active on the platform. 

The program contains daily challenges, including trading and holding. As Cryptopolitan previously reported, Aster is also drawing in volumes from a special trading program on Bybit. 

The success of ASTER also expanded DEX activity on BNB Chain. PancakeSwap emerged as the leading DEX due to the additional activity from the early trading of ASTER tokens.

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