Decentralized perpetual exchange Hyperliquid has officially listed the native token of Aster, which has caused a lot of excitement in the on-chain trading community. The listing comes at a time when DeFi protocols are competing more fiercely for liquidity, users, and validator support.
In its X post, Hyperliquid said, “By community request, you can now long or short $ASTER with up to 3x leverage. Beware of low liquidity, high volatility, and increased liquidation risk.”
This development follows the launch of Aster Token ($ASTER) by Decentralized perpetual exchange Aster on the BNB chain. Within 24 hours of launch, the platform recorded $345 million in trading volume, $1 billion in Total Value Locked (TVL), and 330,000 new users. Changpeng Zhao, CEO of Binance, also expressed his appreciation for the successful launch.
Meanwhile, Hyperliquid’s native token, $HYPE, hit a new all-time high of $59.36 on Thursday. The token went up by about 8% in one day, bringing its market cap to $18 billion.
The listing of Aster’s native token on Hyperliquid can be considered both collaborative and competitive. Aster is debut on Hyperliquid, ASTER gained over $14 million in volume and it was trading at $0.63 at the time of writing.
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