Aster has emerged as a major player in the decentralized perpetuals market with the protocol capturing $14.33 million in fees in the past 24 hours. It ranked second globally among top crypto projects by fees generation, only behind Tether’s $22.18 million, while surpassing Circle and Uniswap. Notably, Aster’s fee capture is nearly 10 times higher than rival Hyperliquid.
As per DeFiLlama data, Aster fees have been continually surging since its launch, driven by a boom in decentralized perpetuals trading. Its hyperbolic growth was courtesy Binance Co-Founder Changpeng Zhao’s continued support and whale activity with massive trading volume.
Aster’s explosive growth since launch
The launch of Aster and its native token was on September 17, 2025. By September 24, the value of its token, ASTER, rose from $0.08 to $2.42 in just one week. Aster’s market cap reached $3.7 billion as a result of this spike, placing it in the top 50 cryptocurrencies by market cap.
At the time of writing, according to CoinMarketCap, ASTER was trading at $1.93, up 1.84% in the past 24 hours and 31% for the week. The token has soared 2,170% over the past month.
The crypto community considers Aster a direct competitor to Hyperliquid, a leading decentralized perpetuals trading platform. On September 24, Aster’s perpetual futures trading volume hit $24.7 billion, more than doubling Hyperliquid’s $10 billion. Its daily revenue also peaked at $7.2 million that day.
Strong backing and whale interest
In a recent X post, CZ confirmed that several former Binance employees are now part of Aster’s team. He clarified his own role after community rumors. “Not on the team, just an advisor,” he said, addressing claims he was part of Aster’s core group. CZ also noted, “Although Aster competes with Binance, it ultimately benefits BNB.”
Moreover, Lookonchain recently reported that YouTuber MrBeast has accumulated 705,821 $ASTER worth $1.28 million. His latest purchase was 167,436 tokens for $320,587.
Additionally, the Aster team also announced a token buyback and burn program, suggesting the protocol’s long-term sustainability plans.
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