Binance-backed Aster is the new kid on the block in the world of decentralized perpetual futures (DEX) trading.
Reports from key data providers are showing that Aster has hit as much as $25 billion in volumes in a single day – far outpacing that of Hyperliquid.
Just how has Aster, a relatively unknown player in this space, risen so quickly?
How Aster Stands Out Amidst a Sea of Competitors
One of Aster’s core strengths is its multi-chain decentralized architecture, which supports major ecosystems like Ethereum, BNB Chain, Solana, and Arbitrum, giving users flexibility and access across multiple platforms without asset transfers.
This cross-chain compatibility expands Aster’s user base significantly. Furthermore, Aster offers innovative features such as hidden orders and MEV-aware routing, combining cutting-edge privacy and trade execution optimization, which helps to attract active perpetual futures traders.
Aster also benefits from powerful backing by Binance’s venture arm YZi Labs and strong community incentives such as lucrative staking rewards and protocol fee distributions, generating around $25 million in daily fees and out-earning Hyperliquid.
Aster’s Rewards and Incentives Keep Traders Coming Back for More
- Trading Rewards & Points: Traders earn Rh points for activity such as depositing, trading volume milestones, and asset storage on Aster Pro mode. These points qualify users for future ASTER token airdrops, effectively rewarding ongoing engagement and volume.
- Referral Program: Aster’s referral system allows traders to earn up to 10% commission on trading fees paid by their invited friends. Additionally, friends receive a 5% rebate on their own trades, creating a win-win incentive for growth and active usage. Rewards are paid out daily in the same asset used for trading fees.
- Fee Discounts and Staking: Holding or staking ASTER tokens gives traders discounts on trading fees, incentivizing token holding. Stakers also earn a share of the protocol’s trading fee revenue, providing passive income opportunities and aligning interests with platform growth.
- Airdrops and Bonus Tokens: The platform runs periodic token airdrops (seasonal events) tied to user activity and points accumulation. BonusUSD tokens are issued as non-withdrawable collateral tokens that can be used for leveraged trades, amplifying trading capacity and potential profits.
Overall, these incentives encourage liquidity provision, high trading volumes, platform loyalty, and community growth, positioning Aster competitively in the decentralized perpetual contracts market.
Its native token ASTER has experienced dramatic growth—up over 2,200% since launch—due to rapid user adoption and market enthusiasm. While Hyperliquid maintains deeper liquidity pools over longer intervals, Aster’s explosive volume growth and aggressive incentives position it as a “high-risk, high-reward” DEX option for advanced traders.
In summary, Aster is beating Hyperliquid in DEX trading through a combination of multi-chain accessibility, innovative trading features, aggressive incentives, and strong backing from Binance, resulting in higher daily volume and fee generation.
Hyperliquid remains dominant in institutional trust and stable infrastructure, but Aster is rapidly gaining ground by appealing to traders seeking advanced functionality and explosive growth potential in the decentralized perpetual futures market.
