{"id":89222,"date":"2025-09-24T14:19:55","date_gmt":"2025-09-24T11:19:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89222"},"modified":"2025-09-24T14:23:44","modified_gmt":"2025-09-24T11:23:44","slug":"cz-backed-dex-aster-tops-hyperliquid-by-daily-volume","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cz-backed-dex-aster-tops-hyperliquid-by-daily-volume\/","title":{"rendered":"CZ-backed DEX Aster tops Hyperliquid by daily volume"},"content":{"rendered":"

The decentralised exchange Aster has surpassed Hyperliquid by daily trading volume. According to DeFi Llama<\/a>, over the past 24 hours the platform handled $20.8bn versus $9.7bn for its rival.<\/p>\n

\"image\"
Source: DeFi Llama.<\/figcaption><\/figure>\n

The BNB Chain\u2013based DEX<\/a> also out-earned its rival on fee revenue: $9.2m versus $2.7m in the past 24 hours. Aster ranked second among protocols, ahead of Circle, the firm behind USDC<\/a>.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Top-10 protocols by fee revenue. Source: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

However, the platform still trails its competitor on TVL<\/span> at $1.8bn. At the time of writing, Hyperliquid\u2019s total value locked exceeds $6.5bn.<\/p>\n

\"image\"
Source: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

On Aster\u2019s coattails, BNB Chain outstripped Solana<\/a> for the first time by daily transaction fees. Until mid-September the network rarely topped $500,000, while its rival consistently hovered around $1.2m.<\/p>\n

\"image\"
Top five blockchains by transaction fees. Source: DeFi Llama<\/a>.<\/figcaption><\/figure>\n

Where did Aster come from\u2014and what does CZ have to do with it?<\/h2>\n

Aster emerged<\/a> from a merger of APX Finance and Astherus in March. The exchange drew the crypto community\u2019s attention after launching its eponymous token on September 17.<\/p>\n

Its standout feature is hidden orders, allowing invisible limit orders to be placed in the order book. That sets Aster apart from the transparent mechanics of most on-chain exchanges and helped attract users.<\/p>\n

But the main catalyst was a post by Binance founder Changpeng Zhao (CZ) congratulating the exchange on the release of its native coin.<\/p>\n

\n

Well done! \ud83d\udc4f Good start. Keep building! pic.twitter.com\/oMfOxfsBRS<\/a><\/p>\n

\u2014 CZ \ud83d\udd36 BNB (@cz_binance) September 17, 2025<\/a><\/p><\/blockquote>\n