Aster, a decentralized perpetuals exchange on BNB Chain, saw open interest surge nearly 33,500% in less than a week, challenging Hyperliquid. CoinGlass data showed Aster’s open interest jump from $3.72 million to $1.25 billion. Aster’s total value locked also increased to $1.85 billion, a 196% rise from Friday.

Aster topped daily perpetual trading volumes with $24.7 billion in 24 hours, surpassing Hyperliquid. Hyperliquid still commands deeper liquidity over longer periods, with $66 billion in seven-day and nearly $300 billion in 30-day volumes. BNB Chain support and CoinMarketCap’s CMC Launch program boosted Aster’s exposure.

BNB Chain and YZi Labs support Aster, including mentorship and resources. CoinMarketCap’s CMC Launch program generated significant exposure for Aster, with over 400 million banner impressions, 3 million tweet impressions, and a combined reach of over 5 million. Binance acquired CoinMarketCap in April 2020, but did not influence Aster’s selection for CMC Launch.

Read more at Cointelegraph: Aster Surges 33,500% in Open Interest, Tops Hyperliquid in Daily Volumes