Aster, a perpetual futures DEX, surpassed Hyperliquid. It achieved a record $11.94 billion in 24-hour trading volume, fueled by high leverage and endorsements.
In a significant development, this Monday, November 10, the perpetual futures decentralized exchange (DEX) Aster surpassed Hyperliquid. It became the leader in 24-hour trading volume. According to DefiLlama data, Aster reached a record $11.94 billion.
CZ Endorsement Fuels Aster’s Surge to Top Perps DEX
This milestone was fueled by powerful endorsements. These included backing from then Binance CEO Changpeng “CZ” Zhao. CZ pointed out that Aster’s user-centric design with high leverage (1001x), yield, is “what users want now.”
Related Reading: ASTER News: Coinbase Adds Aster to Roadmap, Boosting Decentralized Trading Interest | Live Bitcoin News
Aster’s ascendance is a major change. It shows changes in the dynamics of the decentralized trading market. The instant effect is the validation of retail-centric platforms. Aster’s success reflects a definite shift in user demand. This trend is reminiscent of DYDX in 2022. Public validation from people such as CZ is evidence of increased acceptance of user-centered designs across the industry.
The cryptocurrency industry saw a strong recovery on November 10, 2025. This was driven by optimism in risk assets. Much of the early uptick saw Bitcoin climb to highs of over $106,000. HBAR also reached near $0.20. This was following a pivotal agreement by the US Senate. The deal was aimed at preventing a lengthy government shutdown.
While Aster led the way in terms of trade volume, Hyperliquid still performed well in other regards. At the beginning of October 2025, it still dominated the market in terms of open interest. It had $14.68 billion to Aster’s $4.86 billion. Its daily volumes were reported to be at the level of $10-15 billion in those times.
BNB Integration Helps Aster Lead Perpetual DEX Volume
For most of 2024, Hyperliquid was the leader in the perpetual DEX market. However, the landscape dramatically changed in September 2025. This was with the rise of Aster and other competitors, such as Lighter.
Aster’s sudden growth in volume was due to its merger with APX Finance. It also benefited by the integration with the BNB ecosystem. These strategic moves brought forward an increase in its presence in the market and trading activities.
The shift in market dynamics highlights the evolving nature of decentralized finance. User demand for high-leverage and yielding platforms is increasing. Endorsements from influential figures such as CZ can help to make a significant impact on platform adoption. The capacity to integrate into larger ecosystems also proves to be important in terms of market leadership.
Aster’s feat shows that newer and more retail-focused platforms can quickly take down the established players. This generates a more competitive and innovative environment in the DEX sector. As the market continues to evolve, user-centric design and strategic partnerships are likely to continue to be key drivers of success.
In conclusion, Aster’s record-breaking $11.9 billion trading volume is a significant event in the DEX market. Driven by user-focused design, high leverage and influential endorsements, Aster has taken over Hyperliquid. This change is a validation of the increasing demand for retail-oriented platforms and the dynamic nature of decentralized trading.
The post Aster Crypto News: Aster Overtakes Hyperliquid with Record $11.9B Volume appeared first on Live Bitcoin News.