Particle.news

Download on the App Store

Aster Overtakes Hyperliquid on Daily Perp Volume as ASTER Frenzy Deepens

CZ-linked backing with a high-profile CMC campaign is funneling traders and liquidity into the week‑old DEX.

Overview

  • Aster’s 24‑hour perpetual volume reached roughly $30 billion, about triple Hyperliquid’s ~$10 billion, while fees hit about $13 million versus Hyperliquid’s ~$2.4 million, according to Dune and DeFiLlama.
  • Open interest in ASTER derivatives climbed to around $1.25 billion within days of launch, signaling rapid trader adoption tracked by CoinGlass.
  • Total value locked rose to approximately $1.85 billion and the token’s market cap hovered near $3.7–$3.8 billion after a roughly 2,000% weekly surge reported by multiple outlets.
  • On‑chain data show two large wallets accumulated about 118 million ASTER (roughly $270 million), reinforcing concerns about concentrated supply and short‑term volatility.
  • Despite Aster’s short‑term lead on daily flow, Hyperliquid still tops longer‑term volumes, as Aster tees up further incentives with a planned Oct. 5 airdrop and an L1 chain under development.