Decentralized perpetuals exchange Aster is currently the top-ranking protocol on DefiLlama in terms of fees generated, surpassing Hyperliquid and other perpetual DEXs.
According to DefiLlama data, Aster recorded over $25 million worth of fees in the past 24 hours, placing it above other protocols. Its competitor Hyperliquid placed fifth by generating $3.17 million in the past day.
DefiLlama data also shows that Aster reported $199.96 million in spot trading volume over the past day, ranking the perps DEX in 13th place. In terms of volume, Hyperliquid trumps Aster, with $477.3 million. Aster is also not listed in the aggregator’s daily revenue ranking.
Backed by YZi Labs (formerly Binance Labs), Aster has an emphasis on multi-chain support, initially prioritizing BNB Chain. It was formerly known as APX Finance, before a rebrand following its merger with Astherus in March.
While it offers the high leverage and multi-chain features standard to perpetual DEXs, Aster’s core differentiator is its “hidden orders” feature, which allows users to place entirely invisible limit orders. This presents a stark contrast to the transparent order books of most on-chain perpetual decentralized exchanges.
Aster recently gained significant traction following its token launch on September 17, during which the price appreciated considerably. This buzz was further amplified when Binance co-founder Changpeng Zhao publicly endorsed the platform on X. Zhao also confirmed another social media post that said YZi Labs has a minority stake in Aster.
“Few understand this,” Zhao wrote on X Sunday. “Aster competes with Binance, but helps BNB.”
Meanwhile, the platform’s native token ASTER is trading down 1.76% at $1.89, according to The Block’s Aster price page. The token currently holds a fully diluted valuation of $15.1 billion, showing a notable growth from its initial FDV of $560 million at its token generation event.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
