Aster’s Price Dip Amid Record-Breaking Metrics
aster’s price has dipped to $2 after reaching $2.27 last week. Despite this short-term setback, the platform’s key metrics are soaring. This perpetual futures exchange, backed by Binance’s Changpeng Zhao, has seen a surge in activity.
Weekly volume on Aster hit $571 billion, overtaking Hyperliquid, which saw a drop to $49 billion. Fees climbed to $109 million, and the total value locked reached $2.3 billion.These numbers show strong growth, even as the price corrected.
Aster’s success is undeniable. It handled over $571 billion in weekly volume, surpassing Hyperliquid. Fees and total value locked also hit record highs. This growth shows its dominance in the industry.
DeFi Llama data reveals a massive jump in Aster’s volume and fees. Last week, it processed $571 billion, up from $270 billion the previous week. Fees rose to $109 million. Its total value locked is now $2.3 billion, making it a top player in decentralized finance (DeFi). Hyperliquid, its rival, handled only $49 billion, down from $80 billion. This shift highlights Aster’s growing influence. The platform’s fees and volume have skyrocketed. in just three weeks, it went from $10 billion to $758 billion in 30 days. This surge has made it the industry leader. Hyperliquid’s volume fell to $49 billion, with fees under $20 million. Aster’s fees jumped from $93 million to $109 million. This growth is notable. It shows Aster’s strength in the perpetual futures market.
- Weekly volume: $571 billion
- Fees: $109 million
- Total value locked: $2.3 billion
Technical analysis suggests the rally may resume. The two-hour chart shows a bottom at $1.5070 on Oct. 1. It than rose to $2.2738 on Oct. 4. The 50-period Exponential Moving Average supports a potential price rise. The next key level to watch is $2.2738. A move above this level could signal more gains.
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