Aster DEX Surpasses Hyperliquid in Volume and Revenue

Aster's Market Surge and Hyperliquid's Challenges

Aster, a decentralized exchange (DEX) on the BNB Chain, has seen significant market activity with its trading volume reaching between $23–$30 billion in 24 hours, surpassing Hyperliquid's figures.
Aster is generating approximately $10 million in daily revenue, quadrupling Hyperliquid's revenue during the same period.
Crypto trader James Wynn has publicly supported Aster while criticizing Hyperliquid, highlighting Aster’s hidden-order and MEV-mitigation features as advantageous for large traders.
Significant whale activities have been observed, with major wallets acquiring about 118 million ASTER, valued at $270 million, indicating strong accumulation interest.
Simultaneously, there were withdrawals of 68 million ASTER ($156 million), suggesting strategic repositioning by large holders.
Hyperliquid has introduced measures such as a USDH stablecoin to enhance liquidity but has experienced a 25% decline from recent price peaks as funds move to ASTER.

Aster’s focus on MEV-free execution and private limit orders appeals to both retail and professional users, contributing to its rising prominence. Meanwhile, Hyperliquid faces competitive pressure amidst these developments.