Aster Surpasses Major Competitors in Revenue Surge

2 mins mins

Key Points:

Aster’s revenue surge positions it with Tether in earnings.
Surpassing competitors highlights the impact of institutional support.
Expert insights note strategic shifts in DeFi dominance.

Aster, a decentralized perpetual contract DEX, surged to second place in protocol revenue with around $18.47 million on October 5, trailing only Tether, according to DefiLlama data.

Aster’s rapid rise highlights a strategic shift in DeFi, challenging established dominance and attracting significant institutional and retail interest, impacting broader cryptocurrency market dynamics.

Institutional Support and Market Reactions Elevate Aster

Amid these developments, the cryptocurrency landscape sees shifts in protocol revenue distribution. Institutional backing and influencer engagement are driving changes in liquidity flows. The response from market leaders and investors has been profound, focusing on Aster’s growth trajectory and the broader DeFi competition.

Changpeng Zhao, Former CEO, Binance – “Aster’s hot daily revenue streak highlights its explosive growth, with its 7-day fees being 2.6x higher than rival perp DEX Hyperliquid. This strong performance is being driven by whale activity, Aster’s private order book, broader DeFi adoption.”

Changpeng Zhao, Former CEO, Binance – “Aster’s hot daily revenue streak highlights its explosive growth, with its 7-day fees being 2.6x higher than rival perp DEX Hyperliquid. This strong performance is being driven by whale activity, Aster’s private order book, broader DeFi adoption.”

Historical Context, Price Data, and Expert Analysis

Did you know? Unprecedented in recent times, Aster’s 30-day price hike of 2109.35% echoes the DeFi boom of early 2021, reflecting massive shifts in liquidity preferences and speculation.

According to CoinMarketCap, Aster’s recent trading activity saw its price fluctuate to $1.86, with a significant 2109.35% rise over the past 30 days. This upward momentum, alongside a circulating supply of 1.66 billion, places its market cap at approximately $3.09 billion. Despite a 5.50% downturn in 24-hour trading volume, it holds a strong market position.

aster-daily-chart-14 — Aster(ASTER), daily chart, screenshot on CoinMarketCap at 16:55 UTC on October 5, 2025. *Source: CoinMarketCap*

The Coincu research team suggests Aster’s rise may foreshadow broader industry changes. Expectations point to shifting dominance among DEXs, influenced by institutional investors and changing DeFi protocols. Examining historical parallels and current market dynamics sheds light on potential outcomes regarding revenue distribution and future trends.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.