In just some days, a small new token has captured the eye of all the crypto world. Aster (ASTER) shot up over 1200% since its launch, reaching a market worth close to $2 billion. In the meantime, merchants are actually asking an enormous query: can this newcomer problem Hyperliquid, the established big within the decentralized derivatives market?
Let’s break it down!
Aster Makes a Gorgeous Debut
Aster entered the crypto market with a bang, surging practically 1200%. The soar was pushed by hypothesis round Binance founder Changpeng Zhao’s involvement, with a single tweet sending ASTER to $1.16
Based on CryptoQuant analyst Maartunn, this surge could also be extra than simply hype. Merchants see Aster as a possibility to seize a part of Hyperliquid’s $2.7 billion day by day buying and selling quantity and $4.09 billion open curiosity, making it one of many most-watched DeFi initiatives.
On high of it, Aster reached $782 million in complete worth locked (TVL) shortly after launch. Even after the preliminary pleasure settled, the platform held $655 million in TVL, practically double its pre-launch ranges, putting Aster among the many most lively decentralized derivatives platforms.
Hyperliquid: The Established Large
Aster’s immense soar has challenged the existence of Hyperliquid’s (HYPE) in a DeFi showdown. Though Hyperliquid isn’t new to the scene with its well-known token HYPE, it has constructed a powerful repute in perpetual futures buying and selling, holding 73% of the DEX market by mid-2025.
In July 2025 alone, it recorded $320 billion in buying and selling quantity and $86.6 million in protocol income, because of a 97% payment allocation for HYPE token buybacks by means of its Help Fund.
Nonetheless, is token, HYPE, has steadily grown from $10 to $60 over the previous six months, backed by robust buying and selling volumes and a loyal person base.
For brand new initiatives like Aster, matching this stage of stability and belief isn’t any small feat. Maybe, its early efficiency has positioned it as a critical competitor within the rising DeFi area, attracting consideration from each merchants and crypto lovers.
