Key Highlights
- Aster tops Hyperliquid with $25.77B in daily perpetual futures volume
- ASTER token airdrop and farming drive platform activity
- Strategic support from YZi Labs, Changpeng Zhao, and Trust Wallet
ASTER Token and Trading Volume Lead the Way
Decentralized exchange Aster has taken the lead in the perpetual futures market, surpassing Hyperliquid. According to DeFiLlama, Aster’s daily trading volume in perpetual futures contracts reached $25.77 billion, compared to Hyperliquid’s $10.09 billion.
Aster also ranks second in daily fees collected, generating $10.17 million in commissions, while Hyperliquid ranks sixth.
Formed through the merger of Astherus and APX Finance, Aster benefits from combined liquidity and user bases. On September 17, 2025, the platform held a Token Generation Event (TGE), introducing ASTER.
The first stage of Au and Ph point farming concluded on September 23, 2025, and points can still be earned during Genesis Stage 2, ending October 5, 2025.
The total ASTER supply is 8 billion tokens, with 53.5% allocated to airdrops, according to tokenomics.
Ecosystem Growth
The surge in activity is likely driven by the ASTER airdrop, which rewards platform participants. Aster has also received backing from YZi Labs and former Binance CEO Changpeng Zhao, who invested in Astherus in November 2024. The project is believed to have participated in the YZi Labs incubator, providing mentorship and technical support.
Additionally, Aster actively integrates with ecosystem projects, particularly Trust Wallet, to expand accessibility and usability.
Why Aster Is Attracting Attention
Aster’s growth reflects a combination of factors:
- Token incentives and farming that encourage user participation
- Strategic mergers enhancing liquidity and platform capabilities
- High-profile partnerships boosting credibility and adoption
- DeFi integrations that expand the platform ecosystem
By combining these elements, Aster is emerging as a leading DEX in perpetual futures, attracting traders and investors while increasing the visibility of ASTER token across decentralized finance platforms.
