Aster, the decentralized perpetuals exchange with backing from Binance founder Changpeng Zhao, generated more revenue than Tether in the last 24 hours.
According to DeFiLlama data, Aster ranked as the highest revenue-generating protocol in the past 24 hours, surpassing Tether and Circle, the two leading stablecoin issuers.
Over the last week, the exchange recorded roughly $93.5 million in fee revenue, which is second only to Tether’s $154.5 million. By comparison, Hyperliquid, long regarded as the dominant perpetuals exchange, reported just $26.1 million in the same period.
The revenue surge aligns with soaring trading activity. Aster processed about $185 billion in perpetuals trading volume over the past week, mo
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Author: Oluwapelumi Adejumo
