In brief
- Binance Chain has overtaken Hyperliquid in 24-hour perpetual volume, helped along by new DEX Aster.
- The surge in investor interest surrounding BSC DEXs is not a phase and is likely to persist, experts told Decrypt.
- Binance Chain validators have proposed a tenfold reduction in gas fees in a bid to improve the DEX trader experience.
The battle of the DEXs is hotting up, as BNB Chain-based decentralized exchange Aster has helped its parent chain to surpass Hyperliquid’s 24-hour perpetual trading volume.
BNB Chain’s 24-hour perpetual volume stands at $21.6 billion, overtaking Hyperliquid’s $10.7 billion, according to data from Dune Analytics. EdgeX and Light followed closely with $8.2 billion and $6.2 billion, respectively.
In terms of overall trading volume, the two exchanges are jockeying for position. Per CoinGecko data, Hyperliquid’s $609 million in 24-hour volume puts it at seventh place among the DEXs, while Aster…
