Aster dethrones Hyperliquid with $1.25B open‑interest surge
BNB Chain DEX Aster saw open interest jump from million to $1.25 billion in under a week, temporarily leading daily perpetual volumes ahead of rivals like Hyperliquid.
Aster’s 24‑hour burst put it ahead of rivals including Hyperliquid, edgeX and Lighter. On longer windows, though, Hyperliquid remains the deeper venue by seven‑ and 30‑day volumes, underscoring that Aster’s rise has been fast but recent.
The surge comes with visible ecosystem backing. A BNB Chain spokesperson said Aster is receiving mentorship, ecosystem exposure and access to technical and marketing resources, with YZi Labs (formerly Binance Labs) also named among supporters. Separately, CoinMarketCap’s CMC Launch featured Aster in a broad campaign that drove large‑scale discovery across its channels.
CMC Launch lead Jin Choo told Cointelegraph that the push generated about 400 million homepage banner impressions and over 3 million tweet impressions, alongside a combined audience reach above 5 million via newsletters, app notifications and media coverage. He added that the campaign logged roughly 1.5 million live‑event views, 1.5 million landing‑page clicks and more than 500,000 clicks to Aster’s project page. Choo also said the selection was “solely based on [the project’s] merits,” noting that Binance and CoinMarketCap operate independently despite corporate ties.
Distribution is set to widen further: Trust Wallet said perpetuals are “coming soon,” advertising 100+ markets and up to 100x leverage, and naming @Aster_DEX as the engine behind the feature. CZ amplified the post, framing it as two portfolios working together.
Beyond headline figures, Aster’s TVL has climbed sharply this week, signaling more collateral flowing into the protocol to back trading. Whether the share it captured persists once campaign effects fade will turn on how liquidity settles across the BNB ecosystem and how well integrations like Trust Wallet convert curious users into repeat traders.
The seven‑ and 30‑day leaderboards still point to Hyperliquid’s deeper base, even as Aster’s recent spike has reset the near‑term race for attention.
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