Aster DEX, formerly APX Finance or ApolloX, is an inspiration for everyone with a DeFi dream, reminding them that they can adopt a pioneer’s playbook and still beat it at its own game. While Aster has distinct technical architectures, it adopts Hyperliquid’s CEX-like trading experience, “points-to-airdrop”, “real yield”, and tokenomics, and a mobile-first approach.
Leonard, the CEO of Aster, told the block…
“Hyperliquid opened up everyone’s mind that you can compete with centralized exchanges. Today, all major crypto players are creating their own orderbook DEX Development. Bybit is working on one, and Ex-FTX guys are doing another one. We’re doing one on the BNB Chain ecosystem.”
In September, Aster beat Hyperliquid in daily trading volume and fee revenue. The emerging order book perpetual DEX giant surpassed the $100B daily trading volume mark while Hyperliquid barely touched $30B. The winner of DEX wars seems very clear from the graphs below.