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Aster DEX Surges to Top Revenue Spot: Potential Buyback Looms Over Hyperliquid

Aster DEX Surges to Top Revenue Spot: Potential Buyback Looms Over Hyperliquid

In the fast-paced world of decentralized finance, Aster DEX is making waves that even the biggest players can't ignore. A recent tweet from crypto analyst @jussy_world spotlights how this next-gen perpetual DEX has climbed to the number one spot in 24-hour revenue, flipping stablecoin giant Tether along the way. If you're into meme tokens or just hunting for the next big DeFi opportunity, this is worth paying attention to—Aster's setup could supercharge trading for volatile assets like memes.

Screenshot of crypto protocol revenue rankings showing Aster at the top

For those new to the scene, a perp DEX like Aster lets you trade perpetual futures contracts—basically, bets on price movements without expiration dates—right on the blockchain. No middlemen, low fees, and high leverage make it a hotspot for traders. Aster stands out with its multi-chain support, deep liquidity, and features like hidden orders to dodge front-running bots. Backed by YZI Labs and with endorsements from figures like CZ (former Binance CEO), it's not just hype; it's delivering real results.

The tweet breaks down Aster's impressive stats: over $93.5 million in fees over the past seven days and a whopping $29.4 million in a single day. That puts its market cap at around $3.2 billion, which looks undervalued when stacked against competitors. Compare that to Hyperliquid (HYPE), another hot perp DEX: $26.1 million in weekly fees, $3.1 million daily, but a much higher $12.2 billion market cap. The analyst crunches the numbers on valuation multiples—Aster's MC/Rev (annualized) sits at a lean 0.65x versus Hyperliquid's 11.9x. FDV/Rev? Aster at 3.18x, Hyperliquid at 44.0x. These metrics suggest Aster is punching above its weight and could offer better bang for the buck.

But the real excitement? An upcoming token buyback announcement from the Aster team. Buybacks use protocol revenue to purchase and burn tokens, potentially driving up the price by reducing supply. Based on the tweet's estimates, Aster's 30-day buyback yield could hit about 1.25%, with an annualized figure around 15.2%. That's significantly higher than Hyperliquid's 0.70% and 8.40%, respectively. In simple terms, if you're holding $ASTER, this could mean more value flowing back to you through scarcity and rewards.

This surge ties directly into the meme token ecosystem. Platforms like Aster provide the liquidity and tools for trading high-volatility memes without the restrictions of centralized exchanges. With over $142 billion in perp volume in just one epoch (a week-long trading period in their airdrop program), it's clear traders are flocking here. Aster's ongoing Stage 2 airdrop rewards active users with points that convert to tokens—nearly 134,000 traders participated last week alone. If you're farming airdrops or spotting meme trends early, integrating Aster into your strategy could amplify gains, especially as meme seasons heat up.

Recent reports from sources like CryptoSlate confirm Aster's revenue dominance, signaling a shift where DeFi protocols are out-earning even stablecoin issuers. And with mobile apps and more integrations on the horizon (think VOOI and others), accessibility is only improving.

The tweet wraps with a cheeky nod to competition: "CZ don't want Aster to compete with Hype, 'they compete with Binance'." It hints at the bigger picture—Aster isn't just vying with other DEXes; it's challenging the old guard. For blockchain practitioners and meme enthusiasts, this means more efficient, decentralized ways to trade and build wealth.

As the crypto market evolves, keeping an eye on revenue kings like Aster could be key to staying ahead. Whether you're in it for the tech, the yields, or the memes, this DEX is proving it's built for the long haul. Dive in, trade smart, and who knows? The next big pump might start right here.

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