What Is Aster? The Decentralized Exchange on BNB Chain That’s Taking on Hyperliquid► https://t.co/YIGIhDtiEN https://t.co/YIGIhDtiEN ...

Core Insights - Aster is a decentralized exchange that has gained significant attention due to its high leverage options, support from Binance co-founder Changpeng "CZ" Zhao, and a rapidly increasing token value [1][2] - The Aster token reached a market capitalization of $3.2 billion, making it the 50th largest cryptocurrency within just a week of its launch [2][5] - Aster specializes in perpetual futures trading and competes with Hyperliquid, another decentralized exchange, having surpassed it in daily revenue but lagging in overall trading volume [1][6] Company Overview - Aster is a decentralized exchange that operates across multiple chains, including Solana, Ethereum, and Arbitrum, with a primary focus on the BNB Chain [3] - The exchange is backed by YZi Labs, the crypto investment firm of Changpeng "CZ" Zhao, co-founder of Binance [3] Trading Mechanism - Perpetual futures allow traders to speculate on cryptocurrency prices without owning the underlying assets, differing from traditional futures which have an expiration date [4] - Aster offers a maximum leverage of 1,001x, which is significantly higher than many competitors, making it attractive for traders seeking high-risk, high-reward opportunities [4] Market Performance - Aster's token experienced a remarkable 2,000% increase in its first week, reaching a market cap of $3.8 billion before stabilizing at over $3 billion [5] - As of late September 2025, Aster's weekly trading volume was reported at $3.32 billion, while Hyperliquid led with $5.39 billion in trading volume [6]

Hyperliquid’s decentralized exchange has rapidly grown to become one of the biggest projects in crypto. Here’s how it works. https://t.co/CaZuYgzlNa ...

What Is Hyperliquid? The Decentralized Exchange With Its Own Blockchain► https://t.co/H35V67BTZP https://t.co/H35V67BTZP ...

DEX perp wars ...

Found a fast-growing new perps DEX similar to Aster/Lighter, @pacifica_fiTeam from OpenAI, Jane Street, Binance, etc, and self-funded (no VC)Offchain CLOB matching with settlement, deposits, and withdrawals on SolanaSolid UX so far and growing fast with a points program ...

Market Trends - Perpetual DEXes are thriving due to the need for deep liquidity and low fees [1] - BNB Chain's scale and efficiency drive volume for on-chain traders [1]

Aster, an emerging decentralized exchange on the Binance Smart Chain, has been flying lately, with its token jumping 47% over the last day and setting a new all-time high of $2.12 on Tuesday afternoon. And predictors on Myriad, a prediction market developed by Decrypt’s parent company Dastan, believe there is a 45% chance Aster continues its charge and hits $4 by the end of October. That would nearly double its current price of $2.06. Aster has generated $4.58 million in daily revenue, according to on-chain ...

RT BSCN (@BSCNews)🚨@PancakeSwap MARKS FIVE YEARS AS A MULTICHAIN DEX LEADER!143M users, $2.3B TVL, and more reshape its DeFi ecosystem 👇https://t.co/XwDYwYqlbw ...

🚨@PancakeSwap MARKS FIVE YEARS AS A MULTICHAIN DEX LEADER!143M users, $2.3B TVL, and more reshape its DeFi ecosystem 👇https://t.co/XwDYwYqlbw ...