Key Highlights:
- Aster has overtaken Circle in 24-hour revenue today.
- The project’s native token, ASTER, saw a surge in open interest, hitting $1.26 billion.
- CEO Leonard Aster also announced the launch of Aster’s mainnet soon.
Aster bagged the spotlight today as it surpassed Circle in 24-hour revenue per day, which puts it in second place, after Tether. The last 24 hours’ data indicated that Aster brought in a revenue of over $9 million, higher than that of Circle, as Tether remained at the top of the list. Other successful projects were M0 and Hyperliquid.
Aster Sees Revenue Surge as Mainnet Launch Draws Closer
Circle, the USDC stablecoin issuer and one of the major participants in the digital finance, dropped to the third position in the daily revenue list. Although Circle is a key player in the stablecoin payments and infrastructure, its $7.72 million daily profit was lower than Aster’s revenue of $9.02 million.
BREAKING: ASTER FLIPS CIRCLE IN 24H REVENUE pic.twitter.com/3oXN6Wteno
— DEGEN NEWS (@DegenerateNews) September 24, 2025
In the meantime, Tether is still in an uncontested lead by having a massive daily revenue of $21.99 million, which is much more than any other project. There is also M0, a decentralized finance project, generating $3.18 million in revenue that is placed higher on the leaderboard than Hyperliquid.
The rapid increase in revenue comes as Aster is about to introduce its own blockchain network, which can change the whole competitive landscape in decentralized derivatives markets. As the chief executive officer of the project, Leonard Aster, revealed that the new infrastructure is currently being tested internally and will be accessible to the people in the near future.
The next blockchain, which is also known as Aster Chain, has been created to solve structural issues with the decentralized derivatives platforms. It is designed based on the zero-knowledge proof technology that enables trades to be verified on-chain without allowing confidential data to be revealed, including the positions or the profits achieved. Aster attempts to eliminate potential front-running and other manipulation-related practices that frequently deter entry to DeFi markets by more substantial participants by concealing important data points but maintaining verifiability.
“Our approach has been focused on ensuring two priorities – keeping trading activity verifiable on-chain and simultaneously preserving the privacy of participants,” Leonard Aster said in a recent discussion. He added, “We are currently running tests internally and will move toward public deployment soon.”
Aster Open Interest Surges Massively
The project’s drive goes beyond expansion in revenues. Interest in Aster perpetuals exchange has increased in a very short time as open interest increased to $1.26 billion by midweek, compared to $3.72 million at the end of last week, according to CoinGlass.
The fact that the number has grown by more than 33,500% within less than seven days demonstrates the rate at which users are investing capital in the platform. Open interest is the sum of outstanding contracts that are not settled, and it is therefore an important measure of liquidity and investor commitment.
This influx of active positions also points to the growing rivalry between Aster and Hyperliquid, a competitor to derivatives protocols. Although Hyperliquid is reporting a daily revenue of $2.74 million, the growing number of contracts that Aster is drawing traders to indicates that traders are adopting the newer platform to implement high-volume tactics.
Another popular measure of DeFi, the total value locked (TVL), also shows capital inflows in the project. According to DefiLlama, the TVL of Aster stands at $1.87 billion, a massive rise compared to the $625 million registered only five days ago. The increment in deposited assets at 196 percent shows the speed at which liquidity providers are transferring money into the platform.
The trend of increasing revenue, the highest open interest, and the increased TVL is an indication of the increasing presence of Aster in the market. This rapid increase in the metrics of Aster suggests that the competitive environment in the decentralized derivatives industry is shifting away, with privacy, speed, and verifiability becoming important determinants in the appeal of capital and traders.
Also Read: UXLink Breach Exposes Hidden Dangers of Centralized DeFi
