New Perpetual Futures DEX Aster Overtakes Hyperliquid in Trading Volumes

Aster, a nascent perpetual futures decentralized exchange, has eclipsed Hyperliquid in daily trading volumes mere days after its launch. The platform reported over $4 billion in daily volumes, briefly claiming the top spot among perp DEXs with a peak of $11 billion in 24-hour activity. Its rapid ascent signals intensifying competition in the decentralized derivatives space.

The upstart exchange, backed by Yzi Labs, now generates $4 million in daily fees—surpassing Hyperliquid's $2.91 million. During peak hours, both platforms rank among the top five fee generators across all DeFi protocols. Aster's aggressive positioning includes offering 300X leverage on HYPE, the native token of its rival Hyperliquid.

Market analysts note the launch has reinvigorated activity across perpetual futures DEXs. Aster's fee structure and high-leverage offerings appear strategically designed to capture market share from both established DEXs and centralized competitors.