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Aster Secures Global Rank 2 in Fee Revenue, Surpassing Circle and Uniswap
Aster (ASTER), an innovative digital asset protocol, has achieved a remarkable milestone by generating approximately $14.33 million in fee revenue within a single day, cementing its position as the world's second-largest platform for fee generation. This feat places Aster behind only Tether, which recorded a 24-hour fee revenue of $22.18 million, and ahead of prominent competitors, Circle and Uniswap (UNI).
According to on-chain data insights and reporting from Cryptopolitan on October 29, Aster achieved $69.6 million in fee revenue over the last seven days and amassed an impressive $75 million in total revenue during the past 30 days. These figures underscore Aster’s rapid growth trajectory within the digital asset ecosystem. The platform’s revenue performance is nearly 10 times higher than that of its competitor Hyperliquid (HYPE), further highlighting its prominent position in an increasingly competitive space.
Trading Volume: Hyperliquid Maintains Dominance
Despite its extraordinary fee revenue growth, Aster trails rival Hyperliquid in terms of trading volume. Data aggregated by DeFi Llama reveals that Aster's decentralized exchange (DEX) trading volume for the last 24 hours stood at $269.2 million, earning it the 11th spot globally. Over the past week, Aster saw a total trading volume of $3.32 billion.
Hyperliquid, however, continues to dominate in trading activity, reporting a 24-hour trading volume of $639.83 million and a seven-day total of $5.39 billion, which places it 5th globally. This notable disparity in trading volume between Aster and Hyperliquid reflects Hyperliquid's entrenched leadership in transaction frequency and scale.
Aster’s competitive edge lies in its focus on perpetual futures trading, a market that allows traders to employ leverage as high as 1,001x. While Aster outperformed Hyperliquid in daily revenue generation during its launch week, it has yet to close the gap in overall trading volume.
Notably, Aster’s perpetual futures transactions have gained significant traction, with its 24-hour trading volume reaching a staggering $62.48 billion and a cumulative 30-day volume of $908.25 billion. Weekly transaction volume growth has surged by an extraordinary 184.81%, signaling rising engagement and participation from traders in the platform’s innovative offerings.
Binance CEO Comments on Aster’s Progress
Changpeng Zhao (CZ), the CEO of Binance, recently shared insights on Aster during an X Spaces session. Zhao clarified Binance’s involvement, stating that the company provides product and technical advisory to Aster but is not engaged in regulatory matters. CZ emphasized the project’s robust foundation, detailing its tight-knit association with the BNB Chain ecosystem and its team composed of former Binance employees. He described Aster as "an exceptionally strong project."
The platform is undergoing a significant transition as it shifts from operating solely on the BNB Chain to developing its own Layer 1 network. Currently in internal testing, this new blockchain prioritizes transaction privacy as one of its core design features. This move reflects Aster’s ambition to establish greater autonomy and scalability within the digital asset landscape.
Aster Token Performance and Strategic Plans
Since its launch in September, the Aster token has showcased exceptional growth. It surged by an impressive 2,000% shortly after its debut, achieving a market capitalization of $3.8 billion. Although its valuation has slightly adjusted, the token remains strong at $3.18 billion, ranking as the 38th-largest digital asset globally. Over the past 24 hours, its price has risen by 4%, bringing it to $1.96 per token.
As part of its ecosystem strategy, Aster recently concluded its October 17 airdrop, during which unclaimed tokens were redirected to the community rewards pool. This community-centric allocation, representing 53.5% of the total token supply, is designed to create long-term value and encourage user participation across the platform’s ecosystem.
Looking ahead, Aster continues to expand and refine its suite of offerings, including the upcoming launch of its dedicated Layer 1 network and enhanced features focused on privacy and scalability. With innovation at its core, Aster is undoubtedly solidifying its reputation as one of the most promising protocols in the evolving digital asset sector.
