Overview

• Aster logged tens of billions in 24-hour perp volume this week, with readings around $25–$36 billion that outpaced Hyperliquid’s roughly $10 billion and produced an estimated $9–$13 million in daily fees.
• The ASTER token has jumped about 2,000% since its Sept. 17 launch to the $2.30–$2.40 area, as open interest reached about $1.25 billion and TVL climbed to roughly $1.85–$2.0 billion.
• On-chain trackers reported two wallets accumulating about 118.25 million ASTER (around $270 million), concentrating supply and increasing the risk of sharp price swings.
• Hyperliquid’s HYPE is down roughly 25–32% from last week’s peak after notable whale sales, including Arthur Hayes’ ~$5.1 million exit, with a late‑November unlock of about 237.8 million tokens weighing on sentiment.
• Aster’s breakout is supported by BNB Chain and YZi Labs involvement and a CoinMarketCap launch campaign, as traders debate whether the surge reflects sustainable adoption or incentive-driven activity.