{"id":168338,"date":"2025-09-25T15:03:10","date_gmt":"2025-09-25T15:03:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/168338\/"},"modified":"2025-09-25T15:03:10","modified_gmt":"2025-09-25T15:03:10","slug":"aster-dex-flips-hyperliquid-on-this-front-is-hype-at-risk","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/168338\/","title":{"rendered":"Aster DEX flips Hyperliquid on THIS front – Is HYPE at risk?"},"content":{"rendered":"

\t\t\t\t\t\t\t\t\t\t\"Avatar\"<\/p>\n

Journalist<\/p>\n

\t\t\t\t\t\t\t\t\t\tPosted: September 25, 2025<\/p>\n

\t\t\t\t\t\t\t\tKey Takeaways\u00a0
\nHow did Aster DEX perform this week?\u00a0<\/p>\n

The DEX has raked in 3x more perps trading volume than Hyperliquid and 6x more revenue.\u00a0<\/p>\n

Will ASTER surpass HYPE?\u00a0<\/p>\n

Analysts were divided on the outlook, but ASTER still has more growth potential in the short term.\u00a0<\/p>\n

Aster [ASTER]<\/a> price rallied nearly 90% this week, reversing an early 30% correction. <\/p>\n

Although it erased some gains as of press time, the rally elicited mixed views on its potential impact on Hyperliquid [HYPE]<\/a>.\u00a0\u00a0<\/p>\n

\"ASTER<\/a><\/p>\n

Source: ASTER\/USDT, TradingView<\/p>\n

Aster flips Hyperliquid<\/p>\n

According to Dune data<\/a>, Aster topped the perp volume in the past 24 hours, which was over $30 billion. Over the same period, Hyperliquid and Lighter did $10 billion each. That\u2019s a 3x outperformance for Aster.\u00a0<\/p>\n

\"Aster<\/a><\/p>\n

Source: Dune<\/p>\n

Aster was crushing it on the revenue and fee fronts, too. <\/p>\n

According to DeFiLlama data<\/a>, Aster raked in $13 million in fees in the past 24 hours, while Hyperliquid saw only $2.4 million. That\u2019s nearly 6x lead for the new CZ-backed perp DEX.\u00a0<\/p>\n

Although Hyperliquid still dominated the Total Value Locked (TVL), Aster\u2019s apparent traction still divided analysts on its potential to disrupt<\/a> the incumbent.\u00a0<\/p>\n

For his part, STIX OTC market founder, Taran Sabharwal, claimed<\/a> that Aster could \u2018kill\u2019 Hyperliquid through CZ backing.\u00a0<\/p>\n

\"Aster<\/a><\/p>\n

Source: X<\/p>\n

But Sunny Shi, research analyst at crypto VC Syncracy, downplayed such an outlook.\u00a0<\/p>\n

He said that Aster\u2019s \u2018dark pools\u2019 weren\u2019t fully anonymous, and the Hyperliquid still ranked better in foundation (especially on decentralization).\u00a0<\/p>\n

He added<\/a> that,\u00a0<\/p>\n

\u201cIt takes a bit of time, a lot of iteration, and a lot of execution to go from what the Aster experience is today to what Hyperliquid has built over the past 2+ years.\u201d<\/p>\n

Another pseudonymous trader, Gumshoe, echoed Shi\u2019s stance, adding<\/a> that profits from Aster will be rotated to HYPE.\u00a0<\/p>\n

But Hyperliquid has to deal with another short-term headwind: monthly unlocks<\/a> from November, worth over $10 billion in the next 24 months.\u00a0\u00a0<\/p>\n

Whales double down on ASTER<\/p>\n

Meanwhile, whale interest in ASTER isn\u2019t slowing down. Blockchain analytics firm, Lookonchain, found<\/a> that two whales have accumulated 118 million ASTER worth over $270 million or 7% of the circulating supply.\u00a0<\/p>\n

These large players have been aggressively buying this week, coinciding with the nearly 90% price upswing in the past few days. But HYPE dropped 32% to $42, erasing its entire September rally.\u00a0<\/p>\n

Aster is expected to launch its own L1 chain soon, with a scheduled airdrop on the 5th of October.<\/p>\n

The airdrop campaign could have partly contributed to the record trading volume as users hunt for rewards. How the price will react to these upcoming developments remains to be seen.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tPrevious: U.S. Senate to discuss digital assets tax reforms on October 1 \u2013 Details<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Bitcoin \u2013 Is BTC waiting for FOMO as investors flee to safer assets?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Journalist Posted: September 25, 2025 Key Takeaways\u00a0 How did Aster DEX perform this week?\u00a0 The DEX has raked…\n","protected":false},"author":2,"featured_media":168339,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1095,64,63,99],"class_list":{"0":"post-168338","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-au","10":"tag-australia","11":"tag-business"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/168338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=168338"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/168338\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/168339"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=168338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=168338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=168338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}