Aster Tops Perpetual DEX Rankings with $41.78B Volume

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  Aster leads with $41.78B in daily trading volume.
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  Hyperliquid dominates open interest with $14.68B.
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  Aster also generates the most daily fees at $13.44M.

In the ever-evolving world of decentralized finance (DeFi), Aster perpetual DEX has made a massive statement. According to the latest data from CoinMarketCap, Aster has surged ahead of all perpetual decentralized exchanges (DEXes), recording a remarkable $41.78 billion in 24‑hour trading volume. This puts it well ahead of competitors, with Lighter and Hyperliquid posting $10.13 billion and $9.02 billion, respectively.

This milestone positions Aster not just as a market leader in terms of volume but also highlights the growing appetite for efficient and high‑liquidity DEX platforms in the crypto ecosystem.

Hyperliquid Leads in Open Interest

While Aster holds the top spot in trading volume and fees, Hyperliquid leads the race in open interest, with a staggering $14.68 billion. This figure represents the total value of outstanding derivative contracts on the platform — a key metric reflecting market confidence and trading activity.

Despite having lower 24‑hour volume than Aster, Hyperliquid’s open interest signals strong user engagement and longer‑term trading positions by its users.

Fee Generation and Rising Protocols

Beyond trading volume and open interest, Aster also outshines others in daily fee generation, collecting $13.44 million in the past 24 hours. This figure is a strong indicator of platform usage and sustainability, suggesting that Aster not only has volume but also a high rate of transaction activity and user interaction.

Other top‑performing DEX protocols in the space include edgeX, Apex, Paradex, Pacifica, GRVT, Jupiter, and Reya DEX — all showing growing traction but still trailing Aster’s leading performance.

With this level of activity, Aster perpetual DEX is solidifying its status as a dominant player in the DeFi derivatives market, while platforms like Hyperliquid demonstrate strength in other metrics such as open interest. The competition is heating up, and users are the ultimate winners as innovation and liquidity grow.