The battle of DEXs heats up as Binance Chain-based Aster surpasses Hyperliquid in 24-hour perpetual trading volume. Binance Chain’s volume hits $21.6 billion, overtaking Hyperliquid’s $10.7 billion, with EdgeX and Light trailing at $8.2 billion and $6.2 billion respectively.

In overall trading volume, Hyperliquid ranks 7th with $609 million, while Aster sits at 8th with $583 million. Aster’s native token spikes by 41.4%, reaching a $3.9 billion market cap, making it the 47th largest cryptocurrency.

While Aster soars, Hyperliquid’s HYPE is down 6.2% but holds a $12.1 billion market cap, ranking 20th. Predictions on Myriad vary, with an 87% chance of Aster ranking top 40 on CoinMarketCap this month, but over 60% predict it will remain below $4 through November.

Binance co-founder Changpeng Zhao’s support boosts interest in Aster, sparking triple-digit rallies for various altcoins. BSC-based DEXs like Aster draw attention for technical upgrades, incentive programs, and Binance ecosystem integration, signaling long-term potential according to MEXC’s Cecilia Hsueh.

Binance Chain validators propose slashing transaction fees from 0.1 gwei to 0.05 gwei to accelerate block intervals from 750 ms to 450 ms. The tenfold reduction in gas fees strengthens BSC’s competitiveness, aiming to drive interest away from Hyperliquid towards Binance Chain DEXs.

Despite Binance Chain’s efforts, Hyperliquid remains a market giant with substantial long-term data. The battle for dominance between Binance Chain DEXs and Hyperliquid continues as interest in BSC-based platforms grows rapidly.

Read more at Yahoo Finance: Binance Chain DEX Perps Volume Derails the HYPE Train