Decentralized exchanges (DEXs) are experiencing explosive growth, and one protocol is leading the charge in the perpetual futures market. Aster DEX, a DEX focused on perpetual futures trading, has recorded a staggering $700 million in 24-hour trading volume on the Hyperliquid network.
This massive volume milestone highlights the surging demand for crypto derivatives, fueled by both retail and institutional traders seeking advanced trading tools in the DeFi space.
Total Aster DEX Value Locked Soars to $390 Million
Aster’s growth isn’t just about trading volume. The protocol has also seen its Total Value Locked (TVL) skyrocket. According to data from DefiLlama, Aster’s TVL has now surged to over $390 million.
This metric is a crucial indicator of health and trust in a DeFi protocol. A rising TVL shows that users are confidently locking up their capital in the platform, which in turn provides deeper liquidity for all traders.
The Broader Perpetual DEX Boom
Aster’s success is part of a much larger trend. Perpetual DEX volumes have exploded throughout 2025.
Platforms like Hyperliquid, a high-performance exchange specializing in perpetual contracts, have consistently achieved daily volumes in the multi-billions of dollars in recent months.
This boom is driven by a powerful combination of deeper protocol integrations and a growing appetite for sophisticated crypto derivatives. Traders are increasingly flocking to decentralized platforms for their transparency, self-custody features, and innovative trading products.
