Aster Takes the Crown in Global Fee Rankings, Leaving Tether and Circle in the Dust!

by

Well, well, well, look who’s on top now. Aster has stormed into the DeFi scene, raking in a cool $28.79 million in fees in just 24 hours-more than Tether! It’s like that kid who shows up late to class and still gets the best grades. But don’t pop the champagne just yet, folks-this meteoric rise has a couple of red flags attached to it.

Aster Hits $29 Million in Fees, Because Apparently It’s Easy When You’re On Fire 🔥

Aster, a decentralized exchange (DEX) that specializes in high-frequency perpetuals trading (I know, sounds fancy, doesn’t it?), has shot to the top of the DeFi earnings charts. Thanks to data from Defillama, we can confirm that Aster pulled in $28.79 million in fees over the past 24 hours, easily outstripping Tether’s $22.21 million. Move over, old timers, there’s a new sheriff in town.

This is a big deal, folks. Aster has not only left giants like Circle and Uniswap in the dust, but it also stands about ten times ahead of its closest competitor, Hyperliquid. Not bad for a protocol that’s just started making waves. Clearly, the market’s loving that high-frequency, decentralized magic it’s cooking up.

Now, let’s talk about the ASTER token, which has been getting some serious buzz. Since its launch on September 17 at a humble $0.02, it’s soared over 7,000%-yes, you read that right-to a peak of $2. That’s like buying a penny stock and watching it turn into gold, except with a market cap that briefly reached $3.3 billion. You’d think this was magic or a Vegas show, but no, it’s just Aster getting some extra love from Binance founder Changpeng Zhao, who endorsed the token. Naturally, that led to listings on Bitget, Bybit, and several decentralized exchanges. It’s like the cool kids at school suddenly decided to hang out with the new kid.

But, as with all things that glitter, there’s a catch. There are whispers in the wind about market manipulation. Apparently, the ASTER token is a bit too concentrated, with just a few wallets holding the majority of the supply. It’s like giving the best toys to only a couple of kids, and that never ends well. The rapid rise in fees and the token’s ownership being tied up in a few hands has drawn some skeptical eyes. But hey, who can blame them? Aster’s making waves, but the storm clouds might be just around the corner.

Read More

2025-09-29 19:00