Aster Volume Surges as Perp DEX Activities Hit Record Highs

Decentralized exchanges specializing in perpetual futures are witnessing unprecedented trading volumes, with Aster leading the charge. On-chain data reveals a staggering $67.134 billion in 24-hour perpetual trading volume, underscoring the explosive growth of the Perp-DEX sector.

Aster, backed by YZi Labs, dominates with $35.868 billion in daily volume—triple that of its nearest competitor, Hyperliquid. The broader market processed $739.599 billion over the past month, signaling a paradigm shift in derivatives trading.

Despite the volume surge, perpetual DEX tokens face headwinds. Aster’s token dipped 4.78% to $2.14, while Hyperliquid’s HYPE fell 5.85% to $42.39. Market participants remain laser-focused on whether this liquidity boom can sustain token valuations.