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Aster Beats Hyperliquid by $3.3B in Daily Perp Trading Volume and by $15B in Monthly Perpetual Trading
- Aster emerged as the leader in Perpetual Trading volume in the last 24 hours, beating Hyperliquid by $3.3 billion in daily trading volume.
- In the last 1 month, Aster beat Hyperliquid by $15 billion in perpetual trading volume, reaching $220 billion. However, the winner for the month was Lighter Protocol with $258 billion in perpetual trades.
- Bridgeless multichain support, 1001x leverage, LP tokens as collateral, and strong backing by Binance help Aster lead perpetual trading volumes.
Aster Leads in Last 24H Perpetual Trading, Beats Hyperliquid.
Aster led the perpetual trading volume race over the last 24 hours, with $6.7 billion in trades, beating all other protocols. Lighter came a distant second with $4.83 billion, while the much popular Hyperliquid came a distant third at $3.17 billion.
Hyperliquid has been a highly successful platform since its launch on November 29, 2024, leading the perpetual trading market. However, the rise of newer protocols like Aster (launch Sep 17, 2025) seems to break this winning trend.
What’s Working for Aster?
We have identified four major factors that have been working well to establish Aster as the leader in perpetual trading.
Zero Bridging Multichain Support
Aster supports multiple chains without the need for blockchain bridges.
Although bridges are quite helpful in cross-chain asset transfer, they cost high fees and are often compromised by hackers. An example is the Ronin Bridge hack in the 2022 Sky Mavis Hack (Axie Infinity), in which $625 billion was stolen by North Korean hackers.
Upto 1001x Leverage
Aster provides up to 1001x leverage on its protocol.
High leverage has been the favorite choice of scalpers who trade for very short periods and for minimal price movements. High leverage helps these traders win big while keeping the risk at a minimum.
Liquid Tokens as Collateral
Aster supports using liquidity provider tokens, such as asBNB (AsterBNB), as collateral. This helps traders earn passively from staking at Aster while using the same funds for trade collateral.
Backed by Binance Labs (Yzi)
Strong backing from Yzi Labs (formerly Binance Labs) helps Aster build with confidence. Changpeng Zhao founded the lab to help new projects overcome the entry barrier into the crypto market.
Falling Popularity? Hyperliquid Comes 3rd in Monthly Perpetual Trading Volumes
In the last 30 days, Hyperliquid seems to have lost a considerable market share to other perpetual trading protocols. Lighter led the previous month between November 15 and December 15 with $258 billion in perpetual trading volumes, whereas Aster came a close second with $219 billion. Hyperliquid secured a close third place at $204 billion.
Das Crypto publishes information for knowledge. Please consult your financial advisor before trading or making any investment decisions. Cryptocurrencies are subject to uncertainties and market volatility.
