Aster vs Hyperliquid
Two perp DEXs head to head: live open interest, 24h volume, markets listed, turnover and their shared markets, from each exchange's public API. See the full perp DEX ranking.
Hyperliquid has 5.6x the open interest of Aster: $6.61B against $1.18B, 79.7% and 14.2% of the $8.29B across the 3 DEXs tracked. It also trades 5.8x the 24h volume: $10.12B against $1.73B. Volume turns over open interest 1.5x a day on Hyperliquid and 1.4x on Aster, so positions on Hyperliquid are shorter-lived. 3 of their 10 largest markets are the same asset; the biggest, BTC, has $467.81M of open interest on Aster and $1.48B on Hyperliquid.
Aster vs Hyperliquid side by side
| DEX | Open interest | OI split | OI share, all DEXs | Volume 24h | Vol share, all DEXs | Vol / OI | Markets |
|---|---|---|---|---|---|---|---|
| Aster | $1.18B* | 15.2% | 14.2% | $1.73B | 12.5% | 1.40x | 638 |
| Hyperliquid | $6.61B | 84.8% | 79.7% | $10.12B | 72.9% | 1.53x | 349 |
* Aster: open interest of its 30 most-traded markets (95.4% of its volume).
Shared markets
among each DEX's 10 largest by OIHow it's counted. Open interest is the USD value of open perpetual positions (one side) at each market's current price; 24h volume is quote notional traded in the last 24 hours. Shares "all DEXs" are of every perp DEX with data on the ranking; the split is of these two alone. Shared markets are matched by ticker and price among each DEX's 10 largest markets. Aster and Lighter refresh every 5 minutes; Hyperliquid is live.
Aster vs Hyperliquid FAQ
Which is bigger, Aster or Hyperliquid?
This page compares their live open interest (the USD value of open perpetual positions) and 24h volume, read from each exchange's public API. The perp DEX ranking puts every tracked DEX in one table.
What does volume / OI (turnover) mean?
24h volume divided by open interest: how many times a day the open positions trade over. A high ratio points to short-lived, active trading; a low one to positions held longer.
Which markets do they share?
The shared-markets table lists the assets that appear among both DEXs' 10 largest markets by open interest, matched by ticker and price, with each side's open interest and 24h volume.