Crypto: Aster shakes up the derivatives market with its DEX

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.

Aster, an outsider treading on Hyperliquid’s turf

Aster, having recently shown a 480% jump, makes a smashing entrance with a volume of 1.9 billion dollars. Five days later, it records 36 billion. This spectacular growth is no accident. Aster combines perpetual offers, spot trading, tokenized stocks, and community bonuses.

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.

In a widely noted tweet, user @hansolar21 issues a clear warning: “This looks like the 2018 fee-mining season. It never ends well for retail.”

But despite warnings, the momentum is too strong. Aster surpasses Hyperliquid in daily volume and revenue, with 9.2M$ in 24 hours.

“Decentralized,” really? When Binance stays in ambush

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. This link, far from trivial, fuels doubts about the project’s real independence.

His support is explicit. On X, he tweets: “Well played! Good start. Keep building! “

The message is clear: Binance remains omnipresent in the crypto ecosystem, even through entities claimed to be “independent.”

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.

Behind the numbers: the inside story of a crypto tidal wave

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.

Numbers and facts to remember:

• On September 20, 2025, perpetual DEXs accumulated 70 billion dollars in volume, a historical record;
• Aster accounted for more than 50% of this volume alone;
• The protocol’s open interest climbed to 1.25 billion dollars;
• The TVL doubled in one week, reaching 2 billion dollars;
• The ASTER token rose by 2,400% between September 18 and 24.

But not everyone is convinced. “Flow is not conviction, these are incentives,” warns @tikooww.

This mixture of incentives and hype could quickly collapse if rewards dwindle.

Hyperliquid is not standing idle. Despite Aster’s breakthrough, it just set a global record: 102.4 million dollars in revenue per employee. 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.