Aster, a decentralized exchange with perpetuals within the chain, moves ahead of high lipids in daily trading volumes, indicating an increasing relevance in busy dex markets.
Data from Defillama shows Aster has driven around $793 million in transactions over the last 24 hours, surpassing Hyperliquid’s $462 million.
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Aster’s Dex Volume Flips High Lipids
That performance led Aster to raise the top six dispersion exchanges per volume, with high lipids dropping to ninth place.
The momentum is impressive given the small weekly totals for Astor. It has cleared around $1.79 billion in deals in the last seven days, but well below Hyperliquid’s $5.78 billion.
Still, the sharp swing of daily volume suggests that traders are paying close attention to the DEX platform.
Meanwhile, much of this growth comes from a new attention tied to Binance founder Changpeng Zhao, who highlighted the platform’s multi-chain support and unique trading design.
Zhao pointed to features such as Hidden Orders, which allow users to trade without exposing their positions across the network. This design helps to reduce front rotation and limit price manipulation opportunities.
“Aster is not an exclusive PARP DEX for BNB chains. It natively supports multiple chains, and also supports hidden orders.
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By providing this “shadow zone” to perform order, Aster has created conditions that distinguished itself from many other persistent DEXs and appear to have accelerated the recent surge in use.
Token Rally draws whale bets
The increased trading activity coincides with the dramatic price action of Aster’s native tokens. Over the past week, tokens have skyrocketed over 800%, touching nearly $2 at their all-time high.
The explosive rally attracts large investors, and blockchain analytics firm LookonChain is tracking several whale bets that use momentum.
On September 20, the company reported that an influencer known as CookerFlips had withdrawn 5.57 million aster tokens after its initial $1.24 million deposit. Within three days, the position had earned about $5 million.
Ogle, another investor at World Liberty Financial, an advisor to World Liberty Financial, has resumed his long, 3x leveraged position at Aster. He currently sits at $357,000 with unrealized profits, with nearly $1 million in realised profits from previous transactions.
Market experts said these offensive bets reflect the volatility of Aster’s tokens. They also demonstrate the belief among some traders that the upward profile of exchanges continues to drive profits.
