Aster vs Hyperliquid: Perp DEX Open Interest and Volume

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 13x the open interest of Aster: $16.68B against $1.27B, 89.8% and 6.8% of the $18.56B across the 3 DEXs tracked. It also trades 6.1x the 24h volume: $6.51B against $1.07B. Volume turns over open interest 0.8x a day on Aster and 0.4x on Hyperliquid, so positions on Aster are shorter-lived. 4 of their 10 largest markets are the same asset; the biggest, BTC, has $491.62M of open interest on Aster and $3.07B on Hyperliquid.

Aster: staleHyperliquid: liveSources: exchange public APIsAs of 05:35 UTC

Aster open interest#2 of 3

$1.27B

6.8% of perp DEX OI

Aster volume24h

$1.07B

12.4% of perp DEX volume

Hyperliquid open interest#1 of 3

$16.68B

89.8% of perp DEX OI

Hyperliquid volume24h

$6.51B

75.5% of perp DEX volume

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 stale	$1.27B^*	7.1%	6.8%	$1.07B	12.4%	0.79x	605
Hyperliquid	$16.68B	92.9%	89.8%	$6.51B	75.5%	0.39x	327

* Aster: open interest of its 30 most-traded markets (93.4% of its volume).

Shared markets

among each DEX's 10 largest by OI

Asset	Aster OI	Hyperliquid OI	Aster split	Aster vol 24h	Hyperliquid vol 24h
BTC BTCUSDT · BTC	$491.62M	$3.07B	13.8%	$254.54M	$1.75B
ETH ETHUSDT · ETH	$271.28M	$2.87B	8.6%	$151.52M	$717.07M
SOL SOLUSDT · SOL	$182.47M	$672.75M	21.3%	$95.15M	$300.73M
XRP XRPUSDT · XRP	$37.55M	$292.75M	11.4%	$42.51M	$239.10M

How 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.