- ASTER soared 40% in 24 hours, reclaiming $2 after its recent token generation event.
- The project is being hyped as a potential “Hyperliquid killer,” though perp DEX demand may not be winner-takes-all.
- With CZ’s backing, ASTER’s momentum is real, but volatility risks remain sky-high.
Aster is making waves that are hard to ignore. The decentralized exchange’s native coin, ASTER, built on BNB Chain, has suddenly become the day’s biggest winner among top 100 cryptos. Backed by none other than Changpeng Zhao and YZI Labs, the project is attracting traders who can’t resist the fresh promise of a new perpetual DEX narrative.
Aster’s Sudden Surge
Sometimes crypto doesn’t climb—it rockets. ASTER just bounced over 40% in the last 24 hours, a sharp comeback after yesterday’s dip. Ever since its token generation event last week, the chart’s been almost vertical, with bulls rushing in like there’s no tomorrow.
Prices jumped from barely above $1.20 on Sept. 17 to over $2 today. That’s not a casual move—it’s a frenzy, and it’s exactly what’s keeping perpetual futures DEXs in the spotlight this season. Traders are chasing liquidity and speed, and Aster seems to be delivering both.
Hyperliquid’s New Rival?
Of course, the natural comparison here is Hyperliquid. That protocol stormed the market in 2024, rode the Trump re-election rally, and now commands billions in volume. Hyperliquid even managed to beat out Ethereum and Solana in user fee revenue last month—seriously no small feat.
Aster, on the other hand, is still the new kid on the block. Its market cap just crossed $3.4 billion, compared to Hyperliquid’s $15 billion. But with a god candle like this and CZ’s name floating around, the “Hyperliquid killer” whispers are already circulating. We’ve heard this tune before—remember when Solana was dubbed the “Ethereum killer”? The truth is perp DEX demand is huge, and there’s probably room for more than one heavyweight.
Proceed With Caution
Now, before anyone thinks this is a guaranteed moonshot, let’s be clear: new projects move fast, in both directions. The same 40% surge that excites traders today could just as easily flip into a brutal correction tomorrow. That’s how early-stage altcoins behave—volatile, risky, sometimes rewarding, sometimes punishing.
Still, it’s hard to ignore the momentum Aster has right now. Whether it really becomes a Hyperliquid challenger or just another short-lived hype cycle, it’s already proving one thing: perpetual futures DEXs aren’t slowing down. In fact, they might be crypto’s next big “meta.”
