- Aster’s $11.8 billion daily futures volume surpasses Hyperliquid’s $9.9 billion.
- Market sentiment shifts bullish as activity rises across multiple networks.
- Dogecoin eyes rally amid growing ETF optimism.
Digital tokens flashed signs of recovery today after Monday’s declines.
The global crypto market capitalization steadied around $3.9 trillion following a modest 0.15% gain over the past day.
Aster challenges Hyperliquid’s market share
The perpetual futures sector has been in the spotlight recently as traders search for high leverage opportunities.
While Hyperliquid dominated headlines in recent weeks, Aster has drawn increased attention following public endorsement from Changpeng Zhao.
The decentralized exchange celebrated a key milestone today and logged over $11 billion in perpetual volume in the last 24 hours.
It overtook Hyperliquid, which recorded $9.9 billion over the same period.
This marks the first time Aster has outpaced Hyperliquid in daily volume, signaling strong trader interest in the relatively new DEX.
Aster’s massive volume suggests a shift in liquidity that could reshape competition among leading decentralized exchanges.
Beyond Binance’s founder signaling support, endorsements from prominent traders and increased liquidity rewards have fueled Aster’s rise.
Trading incentives and cross-chain features appear to have boosted activity on the DEX.
At the same time, futures platforms are seeing renewed engagement.
Lighter reported $6.89 billion in daily volume, while edgeX posted $5.06 billion.
These figures reflect a changing trend with higher derivatives participation.
The native ASTER token showed a steep uptrend, jumping over 40% in the last 24 hours to reach $2.05, testing all-time highs.
On the monthly chart, the token has surged more than 2,000%.
Conversely, Hyperliquid is experiencing cooling momentum and losing key metrics.
Pressure emerged after BitMEX founder Arthur Hayes sold his HYPE tokens over the weekend, citing anticipated unlocking-driven selling pressure.
Hayes’ move drew attention because it came less than a month after he predicted up to 126x appreciation for the Hyperliquid token.
Dogecoin positions for a rebound
The original memecoin remained in traders’ focus amid positive developments tied to a potential ETF.
Dogecoin buzzed as progress continued around an exchange-traded fund listing.
21Shares’ Dogecoin spot ETF (ticker TDOG) has appeared on the DTCC (Depository Trust & Clearing Corporation) platform.
Although listing on DTCC does not equate to SEC approval, it is an important step toward a possible launch.
Analysts have turned their attention to DOGE’s price charts amid ETF conversations.
After a slight decline in the past 24 hours, the memecoin trades near $0.2400.
Prominent analyst @Ali_Chart highlighted $0.50 as a key target for Dogecoin if a stable recovery unfolds.
Reaching $0.50 would represent more than a 100% increase from DOGE’s current market price.
Bulls will need to overcome immediate resistance around $0.28 to support a sustained upward trend.
The ETF rollout and broader market advances could accelerate Dogecoin’s potential rally.