Aster’s Fee Performance Surpasses Major Competitors
On-chain data reveals something interesting happening with Aster. Over the past 24 hours, the protocol collected approximately $14.33 million in fees. That’s not just a good number—it actually puts Aster in second place globally for fee capture, which is quite remarkable when you think about it. They’ve managed to surpass both Circle and Uniswap, two established names in the space.
The numbers over longer periods are equally impressive. Aster earned $69.6 million in fees over the last week and $75 million over the past month. The only protocol earning more in fees right now is Tether, which collected $22.18 million in the same 24-hour period. What’s particularly striking is that Aster’s fee generation is about ten times higher than Hyperliquid’s.
Trading Volume and Market Position
Looking at trading volume data from DeFiLlama, Aster processed $206.92 million in DEX volume during the last day and $3.321 billion over the past week. This positions them as the 11th highest protocol globally in DEX volume. Their competitor Hyperliquid sits at position 5 with $639.83 million in 24-hour volume and $5.394 billion weekly.
But here’s where it gets interesting—Aster has become the leading decentralized exchange for perpetual futures trading, surpassing Hyperliquid in that specific category. Their perpetual trading volume hit $62.486 billion in the last 24 hours and an astonishing $908.253 billion over the past 30 days. That represents a 184.81% weekly change in perpetual volume.
What’s Driving Aster’s Growth?
Traders seem particularly drawn to Aster’s focus on perpetual futures and their 1,001x maximum leverage options. Compare that to Hyperliquid’s 40x maximum leverage, and you can see why there’s been so much attention. Aster actually flipped Hyperliquid in daily revenue during its first week of operation, though it still trails in overall trading volume.
The token itself has been performing exceptionally well, jumping 4% in the last 24 hours to $1.96. Since launching in September, Aster has surged by 1,903.8%. That initial growth was even more dramatic—the token soared by 2,000% in its first seven days, reaching a $3.8 billion market cap. Currently, it sits at $3.18 billion, making it the 38th largest digital asset.
Binance Connections and Future Plans
There’s been some discussion about Binance connections. Changpeng Zhao (CZ) recently clarified that his involvement with Aster is strictly advisory, focusing only on product and technology matters. He doesn’t advise on regulatory issues. The team does have former Binance employees, and they’ve maintained close ties with the BNB chain ecosystem.
CZ described Aster as a “very strong project” and noted that the team’s familiarity with the BNB ecosystem gives the token an indirect boost. Looking ahead, Aster plans to move away from BNB Chain to its own dedicated layer-1 network, though details about this transition remain limited.
The exchange’s CEO, Leonard, mentioned that Aster Chain is currently in internal testing and is being designed with trade privacy in mind. Meanwhile, the airdrop that launched during the token generation event is set to close on October 17. Any unclaimed tokens will go back to the community rewards pool, which accounts for 53.5% of Aster’s total supply.
Prediction markets are watching closely too—Myriad gives Aster a 45% chance of hitting $4 by the end of October. Whether that happens remains to be seen, but the current momentum suggests this is one to watch in the perpetual futures space.
