CZ, Hyperliquid, and Aster: A Complicated Relationship

Aster, a new decentralized perpetual exchange, became one of the hottest topics in crypto this month. The token’s price soared over 1,500% in just seven days following public praise from Binance founder Changpeng Zhao, known as CZ.

Whale buying added further fuel, sending the market cap above $2.3 billion and making headlines across crypto media. Beyond price, Aster has surpassed Hyperliquid in total value locked, positioning itself as a leading contender in the DeFi perpetual DEX space.

CZ’s comments about multi-chain support and hidden order features added legitimacy, signaling the growing influence of high-profile endorsements in the crypto world.

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Key Takeaways

1. CZ’s endorsement and whale activity drove Aster’s price up 1,500% in a week.

2. Aster surpassed Hyperliquid in total value locked but remains behind in monthly trading volume.

3. Multi-chain support and hidden order features set Aster apart in the decentralized perpetual exchange market.

The CZ Effect on Aster

CZ’s public support of Aster played a critical role in its meteoric rise. His social media posts highlighted the platform’s multi-chain capabilities, hidden orders, and its growing influence outside Binance’s own wallets.

Why CZ Matters

• Public Influence: As Binance’s CEO, CZ’s endorsements carry significant weight, attracting both retail and institutional attention.

• Validation: CZ praised Aster’s unique features, giving investors confidence in its technology and utility.

• Market Momentum: Following his comments, whales and traders accelerated buying, fueling a rapid price increase from $0.09 to $1.47.

Notably, whales played a huge role in amplifying the rally. One investor spent $2 million on ASTER tokens and even borrowed funds to increase exposure.

Another trader deposited $1.24 million over three days and later withdrew $6.7 million, securing over $5 million in profits.

These large transactions demonstrated the token’s volatility but also the lucrative opportunities in early-stage DeFi projects with high-profile backing.

Read Also: Is CZ Coming Back to Binance?

Aster vs Hyperliquid: TVL and Trading Volume

While Aster gained attention for its price surge, its fundamental metrics show both strengths and areas for growth.

Platform Highlights

• TVL Leadership: Aster’s total value locked reached nearly $870 million, surpassing Hyperliquid’s $681 million.

• Trading Volume Gap: Hyperliquid still leads in monthly trading volume and open interest, maintaining dominance in active trading.

• Revenue Generation: Aster reported over $70 million in annual revenue from fees, showing strong monetization potential.

This comparison highlights Aster’s position as a rising contender rather than an outright replacement for Hyperliquid.

It also shows the importance of both liquidity and user engagement in establishing dominance within the decentralized perpetual exchange market.

Read Also: Aster Crypto: Complete Price Analysis and Investment Guide for ASTER Token 2025

Multi-Chain Support and Technical Edge

Aster is not limited to the BNB Chain. It supports multiple networks, making it more accessible and versatile for traders.

Its hidden order feature allows users to execute trades discreetly, a unique offering compared to traditional perp DEX designs.

Technical Advantages

• Multi-Chain Operations: Traders can use Aster across several blockchains, enhancing liquidity and adoption.

• Hidden Orders: Protects trade strategies from market exposure, reducing slippage risks.

• Ecosystem Connections: Past mentorship and investments from Binance-linked entities provided resources and guidance for growth.

These features position Aster as a technically innovative platform that blends usability, security, and market potential, making it appealing to whales and retail traders alike.

Read Also: Hyperliquid’s USDH Stablecoin and the Battle for Issuers

Conclusion

The surge of Aster illustrates the power of high-profile endorsements, strategic whale activity, and innovative features in driving DeFi adoption.

While the token’s 1,500% price increase is eye-catching, its surpassing of Hyperliquid in total value locked and growing revenue indicate more than just hype, it signals potential for long-term growth in decentralized perpetual exchanges.

Investors should note, however, that trading volume and open interest still favor Hyperliquid, meaning Aster has room to mature.

Platforms like Bitrue make it easier and safer to explore these opportunities, offering secure trading, staking, and yield services.

By combining sound strategy with reliable platforms, traders can navigate volatile but promising crypto markets effectively, benefiting from trends like Aster’s rise while mitigating risk.

FAQ

What is Aster?

Aster is a decentralized perpetual exchange that supports multiple blockchains and allows users to trade with features like hidden orders.

Why did Aster’s price increase so quickly?

The price jumped over 1,500% due to CZ’s endorsement and large whale purchases in the market.

How does Aster compare to Hyperliquid?

Aster leads in total value locked but Hyperliquid still dominates in monthly trading volume and open interest.

What are hidden orders on Aster?

Hidden orders allow traders to execute transactions without publicly revealing trade size or intentions, reducing market impact.

Can I trade Aster safely?

Yes, platforms like Bitrue provide secure trading and yield options for Aster and other cryptocurrencies, helping users manage risk effectively.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.