The decentralized exchange Aster has emerged as a leader among platforms for trading perpetual futures, leaving behind its key competitor — Hyperliquid.
This is reported by Business • Media
Record Trading Volumes and Fees
In the past day, the trading volume of perpetual futures contracts on Aster reached $25.77 billion, the highest figure among all decentralized exchanges in this segment. In comparison, Hyperliquid, which previously held one of the leading positions, recorded a significantly lower volume of $10.09 billion during the same period.
Aster also demonstrates strong financial results in terms of collected fees. Over the past day, the platform collected $10.17 million in fees, ranking second among all protocols. Hyperliquid placed sixth in this ranking.
Integrations, Support, and User Activity
Aster is a decentralized platform formed from the merger of Astherus and APX Finance. The exchange is actively developing thanks to support from YZi Labs and a number of integrations with leading ecosystem projects, including Trust Wallet. The support of former Binance CEO Changpeng Zhao has also played a significant role in its growing popularity.
An important event for the exchange’s development was the token generation event for ASTER (TGE) held on September 17, 2025. The first phase of farming Au and Ph points concluded on September 23, and the second phase — Genesis Stage 2 — is currently ongoing and will end on October 5, 2025.
The platform incentivizes users to participate in farming by offering substantial rewards. The total supply of the ASTER token is 8 billion units, of which 53.5% is allocated for the airdrop according to the project’s tokenomics.
“The surge in activity on the platform is likely driven by several factors. Primarily, this is the airdrop, for which a significant volume of issuance has been allocated. The project has also received support from YZi Labs and former Binance CEO Changpeng Zhao.”
Participants in the ecosystem can gain additional benefits by using referral links — specifically, a 30% discount on fees and a team boost. Thanks to active integrations and investor support, Aster continues to strengthen its position in the decentralized exchange market and attract new users.