Aster, a perpetual futures DEX, has just done something rather spectacular-surpassing Hyperliquid with a mind-blowing $11.94 billion in 24-hour trading volume. How? Well, high leverage and some very influential endorsements helped.
On Monday, November 10, in what can only be described as a shockwave through the crypto universe, Aster, the decentralized exchange (DEX) for perpetual futures, overtook Hyperliquid. According to DefiLlama data, Aster’s 24-hour trading volume hit a record-breaking $11.94 billion. Yes, you read that right. It’s not a typo. It’s more than a modest sum.
CZ’s Blessing Takes Aster to the Top of Perps DEX
What’s behind this meteoric rise, you ask? Well, let’s talk about endorsements. Not just any endorsements, but endorsements from the likes of Binance’s former CEO, Changpeng “CZ” Zhao, who, with a knowing smile, declared that Aster’s user-friendly, high-leverage (yes, you read that-1001x) design is precisely what the market craves. Well, CZ, we’re all ears.
Related Reading: ASTER News: Coinbase Adds Aster to Roadmap, Boosting Decentralized Trading Interest | Live Bitcoin News
Aster’s rise isn’t just a fluke. It represents a fundamental shift in the decentralized trading market. Retail-centric platforms are now the flavor of the month, and Aster’s success is the proof in the pudding. It’s like the 2022 DYDX wave all over again, but this time with even more hype and-dare we say-validation from the crypto elite. CZ’s endorsement is just further evidence that user-focused designs are having a moment in this industry.
The crypto world itself was riding high on optimism on November 10, 2025, with risk assets like Bitcoin touching over $106,000 and HBAR pushing near $0.20. This euphoria, no doubt, had something to do with a certain agreement in the US Senate to avoid a government shutdown. But let’s not get bogged down in the details.
While Aster ruled the roost in terms of trading volume, let’s not forget about Hyperliquid. It may have fallen short in volume, but at the beginning of October 2025, it was still the leader in open interest, boasting a healthy $14.68 billion compared to Aster’s comparatively modest $4.86 billion. At that point, Hyperliquid was still reporting daily volumes of $10-15 billion. They weren’t exactly slacking.
BNB Integration Makes Aster the Perpetual DEX Dominator
Hyperliquid, for most of 2024, had the perpetual DEX crown firmly on its head. But, as is the way of the crypto world, things can change in the blink of an eye. Enter September 2025-Aster and its competitor, Lighter, stormed onto the scene and turned the market upside down.
Aster’s skyrocketing volume was no accident. It had a few tricks up its sleeve, like merging with APX Finance and integrating with the BNB ecosystem. These moves weren’t just for show-they brought Aster’s presence in the market to new heights. And when you’re integrating into BNB’s vast ecosystem, let’s just say your chances of success improve exponentially. Call it strategy, call it luck-either way, Aster is here to stay.
This seismic shift in the market signals a new era for decentralized finance. Users are clamoring for high-leverage, high-yield platforms, and endorsements from influential figures like CZ can move mountains. But it’s not just about the hype-it’s about having the muscle to integrate into larger ecosystems, which is exactly what Aster has done.
Aster’s success proves that new, retail-focused platforms can quickly topple the old guard. It’s like watching the underdog story unfold in real-time. This has led to a much more competitive and innovative environment in the DEX space. And, if the market continues to evolve this way, expect user-centered design and strategic partnerships to be the key to dominance.
In conclusion, Aster’s $11.9 billion trading volume is nothing short of a game-changer in the DEX market. Thanks to its high-leverage, user-centric design, and a little help from friends like CZ, Aster has left Hyperliquid in the dust. This isn’t just a flash in the pan-it’s a clear signal that decentralized trading is undergoing a major transformation, and Aster is leading the charge.
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2025-11-10 21:59