Aster Overtakes Hyperliquid in DEX Trading Volume: A DeFi Power Shift

Aster overtook Hyperliquid in DEX trading volume on September 21, 2025, recording $793 million in 24-hour transactions, a record that briefly placed it among the top six decentralized exchanges. This surge, driven by Binance founder CZ's endorsement and unique features like hidden orders, propelled Aster's native token to an 800% weekly rally, hitting an all-time high near $2. In a $3.5 trillion cryptocurrency market, Aster's overtake of Hyperliquid signals intensifying competition in perp DEXs. This article explores the Aster overtake of Hyperliquid event, volumes, technical edges, whale activity, and DeFi implications.

Aster's Volume Milestone

Aster's overtake of Hyperliquid marked a pivotal moment, with $793 million in daily trading volume surpassing Hyperliquid's $462 million. This Aster overtake of Hyperliquid achievement ranked Aster in the top six DEXs, while Hyperliquid slipped to ninth. Over the past seven days, Aster cleared $1.79 billion, trailing Hyperliquid's $5.78 billion but showing rapid acceleration. The event underscores Aster's rising dominance in on-chain perpetuals trading.

• Daily volume: $793 million (Aster) vs. $462 million (Hyperliquid).
• Weekly total: $1.79 billion (Aster) vs. $5.78 billion (Hyperliquid).
• Ranking: Top six for Aster, ninth for Hyperliquid.

Technical Edges Behind the Surge

Aster's overtake of Hyperliquid stems from its innovative design, supporting multiple chains natively and featuring hidden orders to prevent front-running. CZ highlighted: “Aster is not a BNB Chain exclusive perp dex. It supports multiple chains natively. It also supports hidden orders. Different from other perp dex designs.” This “shadow zone” for order execution reduces manipulation, attracting traders seeking fair execution. Aster's multi-chain flexibility contrasts Hyperliquid's BNB focus, fueling its momentum.

• Hidden orders: Reduces front-running.
• Multi-chain: Native support across networks.
• Quote: CZ on design differences.

Whale Activity and Token Rally

Aster's overtake of Hyperliquid coincided with a 800% native token rally to near $2, drawing whale interest. On September 20, Lookonchain reported influencer CookerFlips profiting $5 million from a $1.24 million deposit, and investor Ogle booking $1 million in gains. This whale frenzy amplified volumes, positioning Aster as a high-reward play in perp DEXs.

• Token rally: 800% to $2 ATH.
• Whale profits: $5 million (CookerFlips), $1 million (Ogle).
• Impact: Boosted trading activity.

Implications for DeFi Market

Aster's overtake of Hyperliquid intensifies perp DEX competition, potentially fragmenting liquidity but spurring innovation. With Hyperliquid's weekly lead intact, Aster's daily wins signal a power shift toward multi-chain platforms. In a $3.5 trillion market, this could attract more institutional flows to DeFi, though sustained volumes are key to long-term dominance.

• Competition: Fragmented but innovative.
• Liquidity: Potential shifts to multi-chain.
• Institutional: Increased DeFi inflows.

Final Insights

Aster's overtake of Hyperliquid with $793 million daily volume on September 21, 2025, driven by hidden orders and CZ's praise, highlights DeFi's evolving landscape. In a $3.5 trillion market, the 800% token rally signals opportunity. Monitor weekly volumes for sustained lead and explore Aster for perp trading. Diversify across DEXs to capture liquidity trends.