Aster, a decentralized perpetuals exchange on BNB Chain, has experienced an astounding 33,500% increase in open interest, rising from $3.72 million to $1.25 billion in less than a week. This dramatic surge suggests a growing confidence among traders in the platform, possibly attributed to its recent promotion and support from platforms like CoinMarketCap. In addition, Aster also reported a total value locked (TVL) of $1.85 billion, a significant jump from $625 million last Friday. On the trading front, Aster surpassed Hyperliquid in daily trading volumes, achieving nearly $24.7 billion, compared to Hyperliquid's $10 billion. Despite Aster’s triumph in 24-hour performance, Hyperliquid maintains a stronger position overall in longer timeframes, with $66 billion in seven-day volumes and nearly $300 billion in 30-day volumes. This competitive landscape indicates a rapidly evolving DeFi sector, where Aster's recent performance represents a direct challenge to established platforms like Hyperliquid.

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