Aster Leads Perpetual DEX Market With $41.78B Daily Trading Volume

Despite Aster’s continued presence in protocol fee rankings, HyperLiquid now leads with $9.975 billion in 24-hour trading volume, surpassing Lighter and claiming the top spot.

HYPE

Summary

HyperLiquid reached $9.975 billion in 24-hour perpetual futures trading volume, overtaking Lighter to claim the top position. Aster, despite being removed from DefiLlama's volume ranking, still ranks eighth in protocol fees, generating $2.81 million in 24-hour fees, ahead of Pump but below HyperLiquid.

Terms & Concepts
  • Perpetual Futures: A type of futures contract with no expiry date, allowing traders to hold positions indefinitely.
  • Protocol Fees: Fees generated by a decentralized platform for the services it provides, such as trading, lending, or staking.