Aster Token is quickly becoming one of crypto’s hottest stories of the week. The decentralized exchange (DEX) built on Binance Smart Chain has jumped 47% in the past 24 hours, reaching an all-time high of $2.12 on Tuesday.
On prediction market Myriad, traders now give Aster a 45% chance of hitting $4 by the end of October—a move that would nearly double today’s $2.06 price.
Aster Surpasses Hyperliquid in Revenue
Fresh data from DeFiLlama shows Aster generating $4.58 million in daily revenue, overtaking Hyperliquid’s $2.82 million.
But in daily trading volume, Hyperliquid still leads with $783.52 million compared to Aster’s $558.95 million. That means Aster’s upside is clear—but so are the hurdles ahead.
Backed by CZ’s YZi Labs
Aster specializes in perpetual futures trading and is backed by YZi Labs, the crypto investment firm founded by Binance’s Changpeng “CZ” Zhao. Analysts see it as BNB Chain’s direct rival to Hyperliquid, which has been one of 2024’s most talked-about DEX projects.
The Rivalry Heats Up
Hyperliquid’s HYPE token still commands a $12.6 billion market cap, ranking as the 18th largest crypto. But its token price has slipped 3% today and 13% this week, as Aster’s rise puts pressure on investor sentiment.
By contrast, Aster sits at a $3.5 billion market cap, ranked 50th overall.
What’s Next?
With revenue momentum, whale attention, and strong backers, Aster is showing it may be more than just a short-term hype token.
The big question for investors: Will Aster sustain its rally and challenge Hyperliquid’s dominance—or will this surge stall before hitting the $4 milestone?
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