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CZ-Backed Aster Tops Crypto Fee Charts, Overtakes Hyperliquid in Perp Volume

DeFiLlama data shows the newcomer leading protocol fee rankings following a surge in perpetuals trading activity.

Overview

  • Aster briefly out-earned Tether on 24-hour fees and generated about $93 million over the past week, according to DeFiLlama.
  • Seven-day perp volume reached roughly $185–$228 billion, more than double Hyperliquid’s ~$80 billion, with single-day tallies reported around $42 billion.
  • The project is backed by CZ’s YZi Labs, runs on BNB Chain infrastructure, and has been framed by CZ as competing with Binance rather than just other DEXs.
  • On-chain trackers attributed more than $1.28 million in ASTER purchases to a wallet linked to MrBeast, though the YouTuber publicly denied involvement with the identified address.
  • Aster differentiates with 1,001x leverage and Hidden Orders, is internally testing an Aster Chain L1 to preserve trade privacy, and recently reimbursed users after an XPL perp price glitch.