Aster vs Hyperliquid: which is better?

Here's how the two stack up. Trading volume isn't shown for either — DefiLlama's derivatives volume data requires a paid plan, so fees and revenue are the closest free proxy for usage.

The honest bottom line: by usage they're not close. Hyperliquid takes in roughly 25× the daily fees of Aster — it's the dominant perpetual DEX by a wide margin, running on its own Layer 1 with a full EVM, spot trading, lending and RWA support. Aster is the smaller, newer entrant (backed by YZi Labs) that differentiates on accessibility: MEV-free, one-click trading with up to 1001x leverage in Simple Mode plus pro-grade tools in Pro Mode. If the question is "which is the bigger, more battle-tested platform," it's Hyperliquid decisively. If it's "which fits a specific trading style," Aster's edge is simplicity and extreme leverage — though 1001x is a volatility-magnifying feature, not a risk-free one.

Both links below are to the platforms themselves; neither is a recommendation to use one over the other. You can dig into Aster's card and mechanics here — AsterTrade Now. Hyperliquid isn't in our curated directory, so I can't show it a card, but its site is app.hyperliquid.xyz.

Also tracked: FomoDownload App, LighterTrade Now, GMTradeTrade Now, edgeXTrade Now, GMXTrade Now.