Aster climbs to no. 2 in global fee rankings, behind Tether

On-chain data shows Aster received around $14.33 million in fees over the past 24 ￰0￱ feat positions the digital asset as the second-highest protocol globally in fee capture, surpassing Circle and ￰1￱ 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 ￰2￱ 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 ￰3￱ decentralized exchange currently ranks 11th highest protocol globally in DEX volume, coming under its rival Hyperliquid at position ￰4￱ saw $639.83 million in DEX volume in the last 24 hours, and $5.394 billion in the last 7 ￰5￱ DEX has drawn the attention of traders due to its focus on perpetual futures trading and thanks to its 1,001x max leverage ￰6￱ decentralized exchange flipped Hyperliquid in daily revenue during its first week, but remained behind in terms of trading ￰7￱ the time of publication, Aster’s perpetual trading volume hit $62.486 billion in the last 24 ￰8￱ DEX also saw $908.253 billion in perpetual trading volume in the last 30 days, with a 184.81% weekly change in perp ￰9￱ has surpassed its rival Hyperliquid to become the leading decentralized exchange specializing in perpetual ￰10￱ 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 ￰11￱ the guy who really wants to do a $300 million short doesn’t want you to see it.” – Changpeng Zhao , CEO of ￰12￱ emerging DEX on the Binance Smart Chain has also been soaring lately, with its token jumping 4% in the last 24 hours to $1.96. At the time of publication, Aster has surged by 1,903.8% since its launch this ￰13￱ market Myriad believes there’s a 45% chance Aster continues soaring and hits $4 by the end of ￰14￱ token soared by 2,000% in the first seven days of its debut, reaching a $3.8 billion market ￰15￱ the time of publication, it’s market cap increased by nearly 3% to $3.18 billion, which made it the 38th largest digital asset by market ￰16￱ Zhao supports Aster CZ popped into an X space over the weekend to explain that his links to Aster were strictly advisory and nothing ￰17￱ revealed that he only advises on product and tech and doesn’t advise the exchange on regulatory ￰18￱ also clarified that Aster’s team has Binance ties through former employees, maintaining that the team has stayed pretty close to the BNB chain ecosystem.

Binance’s founder also called Aster a very strong project, adding that the team’s familiar bond with the BNB ecosystem ends up giving his beloved token an indirect ￰19￱ is also planning to move away from BNB Chain to a dedicated layer-1 network, with its plans still fairly under ￰20￱ docs revealed that the initiative is coming soon, but don’t specify ￰21￱ exchange’s CEO, Leonard, revealed that Aster Chain is in an internal testing phase and is being designed to preserve trade privacy. Aster’s airdrop, which launched during its token generation event, is set to close on October ￰22￱ exchange said any unclaimed tokens will go back to the community rewards pool, which accounts for 53.5% of Ater’s total ￰23￱ $50 free to trade crypto when you sign up to Bybit now