Aster vs Hyperliquid: Binance Chain DEX Perps Volume Derails the HYPE Train
Binance Chain has outpaced Hyperliquid in 24-hour perpetual trading volume, driven by the new DEX Aster. Binance's 24-hour volume reached $21.6 billion, improving its market share against Hyperliquid’s $10.7 billion. Despite Hyperliquid leading in overall 30-day volumes at $326.77 billion, the emergence of Aster signals strengthening interest in Binance Chain's decentralized exchanges. The interest is supported by proposals from Binance Chain validators to significantly reduce gas fees, thus enhancing the trading experience on DEXs. Aster’s recent surge was also attributed to strong backing from industry figures, affirming a shift in dynamics in the DEX landscape. Experts predict sustained interest in BSC-based DEXs, emphasizing ongoing technical upgrades and integration within the Binance ecosystem as contributing factors to this market evolution. While Hyperliquid remains a dominant player, it will need to maintain competitive installations against fierce newcomers like Aster.
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