Overview

• Aster’s token set a fresh all-time high around $2.34 after a steep daily jump, lifting its market capitalization to roughly $3.5–$3.7 billion.
• Platform disclosures and tracker data show 24-hour perpetuals volume outpacing Hyperliquid on reported days, climbing from about $12 billion to nearly $22 billion, with daily revenue cited around $7–$9 million.
• CEO Leonard said an in‑house Layer‑1 chain is in testing with sub‑second finality, native perp integration and privacy features, while noting ongoing Binance listing talks and an expected buyback announcement in the coming weeks.
• On‑chain and market data highlight significant whale activity and large airdrop/migration distributions near 704 million tokens, with reports of concentrated holdings and upcoming unlocks posing volatility risks.
• Rival Hyperliquid remains ahead on longer‑term metrics such as monthly volume and TVL, underscoring that Aster’s recent wins reflect short‑window surges rather than sustained dominance.