24h Volume
$1.74B
+77.6% 24hOpen Interest
$2.01B
Fee
Mar 2026 — May 2026 · 83 days
Multi-chain perp DEX formed from merger of APX Finance and Astherus. Offers crypto and tokenized stock perpetuals with up to 1001x leverage.
$ASTER
Launched (Sep 2025)
53.5%
Formed from APX Finance + Astherus merger. $ASTER token live since Sep 2025. 53.5% community allocation via multi-stage airdrops. $1T+ cumulative volume, 2.69M users.
Multi-stage: 53.5% of supply over ~80 months
TGE: Sep 17, 2025. Stage 5: Dec 22, 2025 (96M ASTER). Ongoing distributions.
YZi Labs (ex-Binance Labs), CZ
Aster is a multi-chain perpetual DEX formed from the merger of APX Finance and Astherus in late 2024, backed by YZi Labs (formerly Binance Labs) and CZ. Operating primarily on BNB Chain, it has grown to support over 302 markets including both crypto perpetuals and tokenized stock and commodity contracts.
The platform's headline feature is its extreme leverage offering — up to 1001x in Simple mode — catering to traders who want maximum capital efficiency. Fees are competitive at 0.01% maker and 0.035% taker, lower than most orderbook competitors. Aster uses a multi-mode trading interface with Standard, Simple, and Elite options, letting traders choose their preferred complexity level.
Aster's inclusion of tokenized stock perpetuals (Apple, Tesla, Nvidia, and more) alongside traditional crypto pairs sets it apart from most DeFi trading platforms. This hybrid approach attracts traders who want exposure to traditional markets within a decentralized framework, all settled in USDC.
The ASTER token launched in September 2025 with a 53.5% community allocation distributed through multi-stage airdrops. The platform has accumulated over $1 trillion in cumulative trading volume and serves 2.69 million users. Weekly Rh point epochs drive ongoing engagement and reward distribution.
Aster appeals to traders seeking broad market coverage, including tokenized stocks, and those comfortable with extremely high leverage. Its BNB Chain base provides access to Binance's wider ecosystem while maintaining decentralized custody.
Hyperliquid and Aster represent two distinct approaches to orderbook-based perpetual trading. Hyperliquid runs on its own L1 with deep native liquidity, while Aster offers extreme leverage up to 1001x on BNB Chain with tokenized stock perps.
Aster and edgeX are both orderbook DEXes targeting high-leverage traders, but Aster operates on BNB Chain with up to 1001x leverage, while edgeX focuses on low-latency execution on Ethereum L2.
Aster and Lighter sit at opposite ends of the perp DEX spectrum. Aster offers 1001x leverage across 302 markets on BNB Chain, while Lighter provides zero-fee trading with a 20x leverage cap on Ethereum L2.
Aster and Jupiter Perps offer contrasting experiences: Aster is a feature-rich orderbook DEX with 302 markets on BNB Chain, while Jupiter is a streamlined oracle-based perp platform on Solana focused on major pairs.
Aster and dYdX are both orderbook-based perp DEXes, but dYdX has the advantage of maturity and a sovereign blockchain, while Aster competes on market breadth and extreme leverage.
Aster and GMX v2 represent the orderbook versus oracle-pool divide. Aster offers 302 markets with extreme leverage on BNB Chain, while GMX v2 provides battle-tested oracle pools with multi-collateral support on Arbitrum.
Aster and Drift serve different niches: Aster targets high-leverage traders with 302 markets on BNB Chain, while Drift provides a comprehensive Solana DeFi suite with perps, spot, and lending.
Aster and SynFutures both boast extensive market selections but use different models. Aster runs an orderbook on BNB Chain with up to 1001x leverage, while SynFutures uses an AMM with permissionless market creation on Base.
Aster and ApeX are both multi-chain orderbook DEXes, but they target different segments. Aster pushes boundaries with 1001x leverage and 302 markets, while ApeX focuses on proven StarkEx infrastructure with a more conservative feature set.
Aster and Gains Network are the two most feature-rich perp DEXes, both offering hundreds of markets with extreme leverage. Aster focuses on crypto and tokenized stocks on BNB Chain, while Gains Network covers forex, stocks, and commodities across three chains.
