Aster Outpaces Hyperliquid With 468,000 New Accounts Despite Technical Disruption

Aster DEX swiftly addressed a technical malfunction that caused significant price anomalies in its XPL perpetual contracts, compensating affected users with direct USDT refunds. The exchange's proactive response underscores its commitment to user trust, even as it outperformed rival Hyperliquid by generating $16.3 million in daily trading fees—more than triple Hyperliquid's $4.9 million.

The disruption stemmed from a misconfigured index price that remained hard-coded at $1 while the mark price was capped around $1.22. When administrators lifted the cap without correcting the index, prices surged from $1.30 to nearly $4 on Aster's platform, diverging sharply from stable pricing elsewhere. The incident triggered liquidations but was met with largely positive community feedback due to the platform's transparent remediation.

Institutional confidence in Aster appears undimmed, as evidenced by a whale accumulating 55 million ASTER tokens worth $115 million over two days. The exchange's resilience during the outage and its fee-generation prowess signal growing dominance in the competitive DEX landscape.