Date: Tue, Sept 23, 2025 | 02:10 PM GMT
The cryptocurrency market is seeing heightened volatility after the initial Fed-driven surge, with Bitcoin (BTC) and Ethereum (ETH) both slipping into weekly losses. Despite this turbulence, one project continues to shine — Aster (ASTER), the newly launched decentralized exchange (DEX) platform publicly endorsed by Binance co-founder Changpeng Zhao.
Today, ASTER soared more than 40%, setting a new all-time high of $2.07, surpassing its previous peak of $1.99. The rally comes on the back of impressive on-chain performance that has now put ASTER ahead of its rival Hyperliquid (HYPE) in key growth metrics.
Surpasses Competitor in Volume and Revenue
Since its launch, Aster has maintained a rapid growth trajectory, and today it achieved a major milestone by overtaking Hyperliquid in both daily trading volume and revenue.
According to live data from DefiLlama, Aster recorded the highest 24-hour perpetuals (PERP) trading volume at $12.54 billion, placing it ahead of Hyperliquid’s $9.82 billion, which now holds the second spot.
The surge in trading activity has directly boosted the platform’s revenue as well. Aster secured the third-highest revenue in the past 24 hours at $4.02 million, while Hyperliquid trailed in fourth with $2.88 million.
What’s Driving the Momentum?
The rapid adoption of ASTER highlights its growing dominance in the DEX sector, particularly among perpetual futures traders. Strong community backing, combined with its endorsement from CZ and competitive trading features, has given it the edge in attracting users and liquidity.
With on-chain data showing consistent momentum and trading volume climbing to new highs, ASTER’s growth story may be far from over. If the platform continues to expand at this pace, it could position itself as a long-term leader in the decentralized derivatives space.
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