Aster

Hyperliquid

<p>Aster, a young shoot born in 2025, is already imposing its law in the effervescent world of decentralized finance. Backed by the BNB Chain, this next-generation DEX stacks records and draws all attention. With 36 billion dollars in volume in a single day, it silences the skeptics. More than just a hype phenomenon, Aster is carving out a prime spot in the crypto industry.</p>
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  <h2 class="in-brief--title" id="in-brief">In brief</h2>
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   <li>Aster surpasses 36 billion dollars in volume in a single day on its DEX.</li>
   <li>The crypto ecosystem stirs, between generous incentives and suspicions of hidden centralization.</li>
   <li>Changpeng Zhao, ex-Binance, actively supports the project via his YZi Labs fund.</li>
   <li>96% of ASTER tokens are reportedly controlled by six wallets, according to on-chain analysts.</li>
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<h2 id="h-aster-un-outsider-qui-marche-sur-les-plates-bandes-de-hyperliquid">Aster, an outsider treading on Hyperliquid’s turf</h2>
<p>Aster, having recently shown <a href="https://www.cointribune.com/en/aster-becomes-top-dex-token-hype-slips/" target="_blank" rel="noopener noreferrer nofollow">a 480% jump</a>, makes a smashing entrance with a volume of 1.9 billion dollars. Five days later, it records 36 billion. This <a href="https://cointelegraph.com/news/aster-perpetual-dex-volume-record-70b" target="_blank" rel="noopener noreferrer nofollow">spectacular growth</a> is no accident. Aster combines perpetual offers, spot trading, tokenized stocks, and community bonuses.</p>
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<p>Its launch rests on an effective gamification strategy. Users earn points through trading activities, with the promise of an ASTER airdrop. Result: traders flock in mass. In parallel, its interface in two modes (Simple and Pro) appeals both to novices and crypto market veterans.</p>
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<p>In a widely noted tweet, user @hansolar21 issues a clear warning: “<em>This looks like the 2018 fee-mining season. It never ends well for retail</em>.”</p>
<p>But despite warnings, the momentum is too strong. Aster surpasses Hyperliquid in daily volume and revenue, with 9.2M$ in 24 hours.</p>
<h2 id="h-decentralise-vraiment-quand-binance-reste-en-embuscade">“Decentralized,” really? When Binance stays in ambush</h2>
<p>Behind Aster’s explosion, one name resurfaces: Changpeng Zhao (CZ), ex-boss of Binance. Although ousted from his platform after an agreement with U.S. authorities, CZ continues to act via YZi Labs, the fund behind Aster. <a href="https://forklog.com/en/cz-backed-dex-aster-tops-hyperliquid-by-daily-volume/amp" target="_blank" rel="noopener noreferrer nofollow">This link</a>, far from trivial, fuels doubts about the project’s real independence.</p>
<p>His support is explicit. On X, he tweets: “<em>Well played! Good start. Keep building!</em>&nbsp;“</p>
<p>The message is clear: Binance remains omnipresent in the crypto ecosystem, even through entities claimed to be “independent.”</p>
<p>Aster benefits from this legitimacy lever. Its token ASTER, launched at $0.090, reaches a peak of $2.30 in less than a week. Its market cap jumps to $3.7 billion. But some warn about dangerous concentration: according to analyst @cyclop, 96% of the token is controlled by six wallets, questioning the decentralization promise.</p>
<h2 id="h-derriere-les-chiffres-les-dessous-d-un-raz-de-maree-crypto">Behind the numbers: the inside story of a crypto tidal wave</h2>
<p>Aster’s success is not just a flash in the pan. It is based on solid data that should be deciphered. Its progress is paced by spectacular peaks but also a well-oiled strategy combining yield, tokenomics, and community growth.</p>
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<p>Numbers and facts to remember:</p>
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 <li>On September 20, 2025, perpetual DEXs accumulated 70 billion dollars in volume, a historical record;</li>
 <li>Aster accounted for more than 50% of this volume alone;</li>
 <li>The protocol’s open interest climbed to 1.25 billion dollars;</li>
 <li>The TVL doubled in one week, reaching 2 billion dollars;</li>
 <li>The ASTER token rose by 2,400% between September 18 and 24.</li>
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<p>But not everyone is convinced. “<em>Flow is not conviction, these are incentives</em>,” <a href="https://x.com/tikooww/status/1971157845426212927" target="_blank" rel="noopener noreferrer nofollow">warns @tikooww</a>.</p>
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<p>This mixture of incentives and hype could quickly collapse if rewards dwindle.</p>
<p>Hyperliquid is not standing idle. Despite Aster’s breakthrough, it just set a global record: <a href="https://www.cointribune.com/en/hyperliquid-revenue-per-employee-record/" target="_blank" rel="noopener noreferrer nofollow">102.4 million dollars in revenue per employee</a>. With only 11 contributors, it redefines efficiency standards. The Aster-Hyperliquid duel is therefore far from over. And the crypto market, more unpredictable than ever, may still offer a few twists.</p>

Crypto: Aster shakes up the derivatives market with its DEX

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