TLDR
- Aster topped DEX volume with $10.6B, ahead of Lighter’s $10.1B and Hyperliquid’s $8B.
- Wintermute now holds 2.7M Aster tokens, up from just 5,400 after its previous liquidation.
- DefiLlama reinstated Aster’s data after initial concerns about volume accuracy.
- Robinhood listed ASTER for spot trading, lifting the token amid broader market weakness
Aster has reclaimed the top spot among decentralized perpetual exchanges, posting $10.6 billion in 24-hour trading volume, according to Coinomedia. This development places Aster ahead of rivals Lighter and Hyperliquid, which logged $10.1 billion and $8 billion, respectively. Wintermute’s recent decision to resume purchasing Aster tokens after a notable sell-off signals a shift in institutional behavior. The move follows increased attention from platforms like Robinhood and DefiLlama.
Aster Leads 24-Hour Perp DEX Trading Volume
According to data from DeFiLlama, Aster recorded $10.6 billion in 24-hour trading volume, surpassing both Lighter and Hyperliquid. Lighter posted $10.1 billion, while Hyperliquid followed with $8 billion. This puts Aster in the leading position among decentralized perpetual exchanges.
This volume spike follows renewed trader engagement on the platform. Traders are increasingly shifting from centralized exchanges to decentralized options that offer round-the-clock trading without custodial control.
DefiLlama Reinstates Aster Amid Scrutiny
DefiLlama had previously delisted Aster from its analytics platform. The removal came after analysts flagged trading activity that seemed too closely correlated with Binance. The platform’s founder, 0xngmi, acknowledged the issue and said a new data verification system is being developed.
Despite these past concerns, Aster was quietly reinstated on DefiLlama. The return to the dashboard came without an official announcement. Some experts, like Haseeb Qureshi from Dragonfly, expressed concerns over inconsistencies in the updated historical data.
Wintermute Reverses Strategy and Rebuilds Token Holdings
Wintermute, a prominent trading firm, has started reaccumulating ASTER tokens after previously selling large amounts. On-chain data shows that the firm now holds around 2.7 million tokens. This is a steep increase from just 5,400 tokens following a prior liquidation.
Before this shift, Wintermute had transferred over $4.8 million worth of ASTER tokens to exchanges like Bybit and Gate. The firm’s renewed accumulation indicates a return of interest from institutional players at a time when prices are trading near recent lows.
Airdrop Distribution Issues and Robinhood Listing
Aster recently faced issues during its token airdrop event. Some users received incorrect allocations, while others got their expected amounts. The team paused the distribution and announced that those affected would be reimbursed properly after a review.
Meanwhile, Robinhood’s listing of ASTER for spot trading provided a boost for the token. The listing came as part of the platform’s effort to expand its crypto offerings. The added visibility contributed to a slight recovery from recent price lows and increased trading attention.
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