Aster Surpasses Hyperliquid in Perp DEX Trading Volumes

Perpetual futures decentralized exchange Aster has overtaken previous leader Hyperliquid with a 24-hour trading volume of $11.94 billion, according to Defilama data on November 10, 2025.

Aster’s rise highlights changing trends in decentralized trading, driven by retail-friendly features and strategic endorsements, reflecting significant shifts in market dynamics.

Aster’s Record-Breaking $11.94 Billion Trading Volume

Aster’s rise to the top among Perpetual DEXs was driven by influential endorsements from prominent figures. Changpeng “CZ” Zhao, Binance’s former CEO, underscored Aster’s user-focused design, which includes features such as 1001x leverage. These features catered to retail traders, aligning with their demand for both high leverage and passive yield opportunities.

The endorsement significantly contributed to Aster’s trading activity and retail attractiveness.

“Aster’s adoption shows how retail-focused DEX design shifts market structure. High leverage and yield collateral are what users want now.” — Changpeng Zhao, Founder, Binance

Responses to Aster’s rise have been varied. Changpeng Zhao’s public statements praised Aster’s model for reflecting shifting market structures. These comments underscore a broader acceptance of user-centric design and enhanced collateral offerings in the industry. As a reflection, Aster’s respective social media channels have reported increased audience engagement, showcasing positive reception from enthusiasts and stakeholders alike.

Historical Trends and Future Insights in Decentralized Exchanges

Did you know? Aster’s trading activity surge is reminiscent of 2022 trends, where DYDX leveraged retail-oriented features to capture a similar market transformation.

BNB, an integral asset in collateral systems, maintains a current price of $1,000.12, with a market cap of {formatNumber(137754051672.93)}. Data from CoinMarketCap indicates a 24-hour trading volume of {formatNumber(2944910666.39)}, showcasing a robust 22.35% increase. Price adjustments include a 1.46% rise over the past 24 hours, but a decline of 11.79% in the last 30 days. The circulating supply is consistently at 137,737,294.65.

Insights from the Coincu research team reveal potential outcomes related to Aster’s innovative approaches. Historical analyses suggest a platform focused on retail enhancement and collateral innovation may advance regulatory deliberations, potentially resulting in amplified financial inclusion and broader adoption tactics that align with evolving user demands.