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On-chain data shows Aster received around $14.33 million in fees over the past 24 hours. The feat positions the digital asset as the second-highest protocol globally in fee capture, surpassing Circle and Uniswap. Aster also earned $69.6 million in fee capture in the last 7 days and $75 million in the last 30 days. Aster’s fee capture level is second to Tether ($22.18 million), and is also ten times that of Hyperliquid. Aster surpasses Hyperliquid in DEX volume Data from DeFiLlama shows that Aster saw $206.92 million in DEX volume in the last 24 hours, and $3.321 billion in the last 7 days. The decentralized exchange currently ranks 11th highest protocol globally in DEX volume, coming under its rival Hyperliquid at position 5. Hyperliquid saw $639.83 million in DEX volume in the last 24 hours, and $5.394 billion in the last 7 days. The DEX has drawn the attention of traders due to its focus on perpetual futures trading and thanks to its 1,001x max leverage options. The decentralized exchange flipped Hyperliquid in daily revenue during its first week, but remained behind in terms of trading volume. At the time of publication, Aster’s perpetual trading volume hit $62.486 billion in the last 24 hours. The DEX also saw $908.253 billion in perpetual trading volume in the last 30 days, with a 184.81% weekly change in perp volume. Aster has surpassed its rival Hyperliquid to become the leading decentralized exchange specializing in perpetual futures. Hyperliquid has its own blockchain powering the exchange, and its transparent model has also caught headlines due to whales placing big bets. Hyperliquid’s maximum leverage also tops out at 40x. “The current model, where everything is fully transparent, may or may not be the best model. Yeah, you can see a big whale placed at $300 million…

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Filed under: News - @ September 29, 2025 8:28 am