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, co-founder 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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