Aster Pulls Back, but On-Chain Metrics Stay Strong

Aster, the new player in perpetual trading, experiences a slight lull after a spectacular surge. Behind this pullback, the numbers explode: record volumes, increased fees, and growing domination over its rival Hyperliquid. The fundamentals, meanwhile, keep heating up.

A superficial lull amidst blazing expansion

Aster slipped slightly to 2 dollars, while in September, it hit a weekly high of $2.27. This technical pullback, however, masks an explosion of activity rarely seen in the crypto sphere.

The futures platform supported by Changpeng Zhao reaches 571 billion, far exceeding Hyperliquid, limited to 49 billion. Protocol fees reach 109 million, TVL climbs to 2.3 billion: Aster explodes in DeFi.

Aster surpasses Hyperliquid and establishes itself as market leader

Data compiled by DeFi Llama illustrate an almost unreal growth. In one month, Aster went from 270 billion to 571 billion dollars in weekly volume, a growth of over 100% in two weeks.

Over the last thirty days, the network processed 758 billion dollars, crushing the competition. Hyperliquid, long considered a benchmark, saw its activity drop drastically, as well as its revenues, which fell below 20 million dollars.

This shift in the balance of power confirms a structural change: Aster is no longer an outsider . The indirect support of CZ and its ultra-fast trading mechanism make it today the new epicenter of the decentralized perpetual market.

Technical signals point to an imminent recovery

Graphically, Aster rebounds since its October 1 low at $1.50, crossing the major resistance at $1.97. Consequently, the token is now trading above its 50-period exponential moving average, a sign of intact bullish momentum.

Technical indicators suggest the rally may continue. If the price goes back above the $2.27 high, the next target is around $2.42, its all-time high.

Despite the current breathing space, the market shows signs of healthy consolidation, supported by robust on-chain activity and organic volume growth. Aster, more than just a passing trend, establishes itself as the new standard for decentralized trading in the emerging crypto economy.