The latest reports show that the perps trading volume reached a new ATH last month, surpassing $1 trillion for the first time and almost doubling since August. Aster perps DEX, backed by YZI Labs and Binance's CZ is the leader in terms of trading volume.
Perps Trading Volume Hits a New ATH
Data from DeFi Llama shows that in September, the perps volume reached $1.143 trillion, marking a new ATH. In comparison, the perps volume for August was over $766 billion, meaning that the number has almost doubled in a single month.
On October 2nd, the 24-hour perp volume is over $107 billion, with the Aster DEX as the leader. Aster saw over $80.4 billion in 24-hour trading volume, and more than $415.6 billion in 7-day volume.
The decentralized exchange is followed by Hyperliquid, with over $9.47 billion in 24-hour trading volume, and Lighter, another perps DEX, with more than $7 billion in 24-hour trading volume, DeFi Llama data shows.
The significant spike in perps trading volume last month was triggered by the launch of ASTER, the token of Aster DEX, which managed to make waves in the ecosystem and gain CZ's attention.
In a recent X Spaces session, CZ revealed that Aster has a couple of ex-Binance employees and YZI Labs has a minority stake in the project.
ASTER Price Trajectory Since Launch
ASTER went live on exchanges on September 17, and multiple platforms, including BingX, Binance Alpha, and others have listed the project.
ASTER reached an ATH on September 24 at $2.42. At the moment of writing this article, the digital asset is trading at $1.74, up by 3% in the past 24 hours.
ASTER is up by more than $1,682% since its launch.
ASTER supporters expect a bright future for the project, especially since Uptober just kicked off and the entire market is making bullish moves.
