On-chain perps are heating up. Aster (@Aster_DEX) just pulled off a milestone that puts it in direct competition with the largest decentralized exchanges. Over the last 24 hours, Aster’s perpetual futures volume hit $11.8 billion, flipping Hyperliquid and cementing itself as one of the biggest players in the sector. The 24-hour perp volume on Aster(@Aster_DEX) has exceeded $11.8B, surpassing #Hyperliquid.https://t.co/ZcFl2OaFxq pic.twitter.com/tGGIZjzEZq — Lookonchain (@lookonchain) September 23, 2025 On-Chain Perps Take Center Stage Competition among decentralized perpetual exchanges has never been this intense. Combined volumes across major perp platforms surpassed $569 billion over the past 30 days, with Aster’s surge highlighting
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