In just a matter of days, Aster has gone from an ambitious new entrant to one of the most profitable names in crypto.
The decentralized exchange, which has support from Binance founder Changpeng Zhao, recorded higher daily revenue than Tether – a feat that signals how fast trading activity is shifting.
Numbers from DeFiLlama show the platform brought in nearly $94 million in fees over the past week, eclipsing Hyperliquid’s $26 million and trailing only Tether’s $154 million. On a single-day basis, Aster surged to the top spot, pulling ahead of both Tether and Circle.
Behind those revenues is staggering activity on the books. Traders pushed about $185 billion through Aster’s perpetuals markets in just one week, more than double the $80 billion seen on Hyperliquid. That momentum has catapulted the protocol into direct competition with centralized players, not just other decentralized exchanges.
Zhao himself has leaned into that comparison, arguing that Aster should be measured against Binance. While unusual for the exchange’s founder to highlight a rival, the connection is clear: Zhao advises Aster, his family office YZi Labs is an investor, and the protocol is built on BNB Chain. Several ex-Binance staffers are also part of the development team.
Adding fuel to the excitement, speculation has erupted around a possible ASTER token buyback. Screenshots circulating on X and Discord suggest the team may be considering a program to repurchase tokens from the market. Such moves, increasingly common in DeFi, mimic corporate stock buybacks by reducing supply and signaling long-term confidence.
With ASTER already up more than 2,000% in a month, the mere prospect of a buyback has given traders another reason to keep watching one of the fastest-rising projects in decentralized finance.
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Source: https://coindoo.com/aster-shocks-crypto-world-by-overtaking-tether-in-daily-revenue/