Aster Token Surges Over 2,100% Amidst DEX Competition with Hyperliquid

The decentralized exchange Aster, focused on perpetual futures trading, has seen its native token, $ASTER, gain over 2,100% in the past month.

Aster token gains 2100%

Aster supports high leverage of up to 1,001x, attracting experienced traders seeking higher rewards despite greater risks.
It is multi-chain, supporting BNB Chain, Solana, Ethereum, and Arbitrum, allowing users to trade without bridging costs.
Aster's unique feature includes Hidden Orders for private trades, contrasting with Hyperliquid’s transparent model.
Aster plans potential migration to its own layer-1 chain for independence from BNB Chain.

Aster surpassed Hyperliquid in daily revenue shortly after launch but still trails behind in weekly trading volume. The recent comparison was $924M for Aster against $671M for Hyperliquid.

CZ Zhao stating the obvious

Aster’s growth hints at a shift in DeFi trading apps, potentially increasing demand for Web3 wallets like Best Wallet and tokens such as $BEST.