Aster, a new decentralized exchange for on-chain perpetuals backed by former Binance chief Changpeng Zhao, has recorded its first daily volume win against Hyperliquid.
On Sept. 23, Aster disclosed that traders moved more than $12 billion worth of contracts on its platform in a single day. That figure put it ahead of Hyperliquid, which registered $9.8 billion over the same period.
Aster’s momentum has been fueled by several key factors, including investor enthusiasm linked to Binance founder Changpeng Zhao’s endorsement and the extraordinary surge of its native token. Over the past week, ASTER has rallied more than 2,100%, hitting an all-time high of $1.97.
That price run has drawn liquidity and speculators to the platform, in turn boosting trading volumes and visibility.
However, despite Aster’s rise, the platform’s number still pales significantly against Hyperliquid’s.
DeFiLlama data shows Hyperliquid has recorded nearly $307 billion in trades during the past month, compared with only $27 billion for Aster.
That disparity illustrates how significant Hyperliquid’s lead is, even as these new entrants pressure its market share.
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