Aster’s $64 billion daily volume, driven by 300x leverage, eclipses HyperLiquid’s $7.6 billion, while major cryptocurrencies like Bitcoin and Ether see a rebound.
Aster's daily volume soared to $64 billion, driven by 300x leverage, surpassing HyperLiquid’s $7.6 billion, despite both tokens seeing declines in a broader altcoin sell-off. Bitcoin and Ether prices increased, and futures open interest climbed to $31 billion, signaling renewed trader activity. Funding rates have turned positive, and calls dominate options volumes, suggesting improving market sentiment. Aster’s high leverage may increase risks despite the surge in trading volume.