What are the best Aster alternatives?

Here's the market-wide picture from DefiLlama — perp DEXs ranked by 24h fee revenue, with Aster's own position marked. A note on the data: trading volume isn't shown for this category (DefiLlama's derivatives volume data requires a paid plan), so fees and revenue are the closest free proxy for actual usage. Fees = total trading fees generated; revenue = the protocol's own cut of those fees.

Ranked by 24h fee revenue (per DefiLlama):

1. Hyperliquid Perps — $4.14M fees / $3.32M protocol revenue. Layer-1 blockchain built around perps + spot, with an EVM layer on top. The category's clear leader by usage. Hyperliquid
2. Jupiter Perpetual Exchange — $631K fees / $158K revenue, $750M TVL. LP-to-trader model on oracle prices, Solana-native. Jupiter
3. Lighter Perps — $399K fees / $372K revenue. Orderbook-based, verifiable matching and liquidations — closest structural peer to Aster. Lighter
4. edgeX V2 — $194K fees / $145K revenue. High-performance orderbook perp DEX. edgeX
5. Pacifica Perps — $177K fees / $178K revenue, $26.6M TVL. Solana perps with advanced order types and API access. Pacifica
6. GMTrade — $173K fees / $43K revenue, $31.7M TVL. Solana perps covering crypto + RWA markets via isolated liquidity pools. GMTrade
7. Aster Perps — $161K fees (revenue not reported). The platform you're comparing against; sits mid-pack. YZi Labs-backed, up to 1001x in Simple Mode. Aster
8. AZverse Perps — $116K fees / $110K revenue, $51.8M TVL. DEX-infrastructure protocol providing shared liquidity to builders across Arbitrum, BNB, Ethereum, Bitcoin, and Berachain. AZverse

How to read this as "alternatives": if you want the closest like-for-like to Aster (orderbook, verifiable matching), Lighter is the direct peer. If you want the largest, most liquid venue, Hyperliquid is in a league of its own by fee volume. For Solana-focused perps, Jupiter, Pacifica, and GMTrade are the standouts.

Three of these overlap with our curated directory, so you get direct links — Lighter, edgeX, and GMTrade:

[card:tool:lighter] [card:tool:edgex] [card:tool:gmtrade]

This is comparison data to help you choose, not a recommendation — perp trading is high-risk leverage, so weigh fees, liquidity, and your own risk tolerance before deciding.

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