Aster Token Skyrockets to New High After Flipping Hyperliquid in Revenue—Will the Price Double Again?

Core Insights - Aster, a decentralized exchange on the Binance Smart Chain, has seen a significant price increase of 47%, reaching an all-time high of $2.12 [1] - Predictors on Myriad estimate a 45% chance that Aster's price will hit $4 by the end of October, nearly doubling its current price of $2.06 [1] Revenue and Market Position - Aster generated $4.58 million in daily revenue, surpassing its main competitor Hyperliquid, which generated $2.82 million [2] - Despite higher revenue, Aster's daily trading volume is $558.95 million, lower than Hyperliquid's $783.52 million [2] Company Background - Aster specializes in perpetual futures and is backed by Binance founder Changpeng "CZ" Zhao's investment firm YZi Labs [3] - Aster is positioned as a competitor to Hyperliquid, another decentralized exchange focusing on perpetual futures [3] Market Dynamics - Hyperliquid gained attention after a $1.6 billion airdrop in 2024, leading to significant leveraged trading activity [4] - Hyperliquid's HYPE token has a market cap of $12.6 billion, making it the 18th largest cryptocurrency, while Aster's market cap is approximately $3.5 billion, ranking it 50th [4] - Predictors on Myriad have shifted their outlook, now believing HYPE is more likely to reach $39 before $69, with a probability of 61% [5]