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Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Sep 18, 2025 06:44 UTC
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HYPE Token Price Hits $59 While ASTER Surges 350%: Who Leads DEX Battle?
HYPE token rallies 39% in one month, hitting $59 and outpacing Bitcoin, Ethereum.
Hyperliquid generates $250M in Q3 fees, averaging $2.5M daily, beating older rivals.
CZ-backed ASTER token skyrockets 350% in days, hitting $0.50, shaking DEX competition.
The battle for dominance in decentralized exchanges just took a dramatic turn. Hyperliquid’s HYPE token price has just shot up $59.39, capping a 39% rally in just one month, while Changpeng Zhao CZ-backed ASTER coin stunned markets with a 350% surge in days.
With this dramatic surge, many are wondering who will control the next wave of crypto derivatives?
HYPE Token Hit New All-Time High
HYPE, the token behind Hyperliquid’s decentralized derivatives exchange, jumped 7.5% in a single day, pushing its price close to $60. This latest rally has lifted the token by 39% over the past month, a pace that has outperformed even Bitcoin, Ethereum, and XRP.
With a market value near $16 billion, Hyperliquid’s growth has surprised many in the market. A big reason for its success is its unique model. The exchange shares fees with users and uses a portion of those fees to buy back and burn tokens, thereby reducing the supply over time.
This setup has made Hyperliquid a favorite among traders seeking both liquidity and steady returns.
Trust in the platform has grown even more after it introduced USDC settlements. This change allows faster and safer transactions, giving cautious traders extra confidence
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Hype Rising Fees and Deflationary Model Boost Confidence
The numbers are hard to ignore. Hyperliquid generated over $250 million in fees in the third quarter alone, collecting about $2.5 million daily. That figure places it ahead of some long-established giants in the space.
What makes HYPE even more attractive to investors is its deflationary system, where part of the fees is used to buy back and burn tokens, steadily reducing supply.
CZ’s Move: ASTER Enters the Arena
But just as Hyperliquid enjoyed the spotlight, former Binance CEO Changpeng Zhao (CZ) shifted attention toward ASTER, a fresh competitor. Backed by CZ-affiliated YZi Labs and PancakeSwap, ASTER’s token exploded 350% in just days, reaching $0.50.
Many in the community see this as Binance’s push to reclaim ground from Hyperliquid, whose rising volumes have been eating into its dominance.
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FAQs
HYPE’s price is rising thanks to fee sharing, regular buybacks, a deflationary model, and growing trust after features like USDC settlements.
Hyperliquid’s model rewards users with fee shares, frequent token burns, and high liquidity, making it attractive to active crypto traders
Part of every fee collected is used to buy back and burn HYPE tokens, steadily reducing supply and potentially increasing the token’s long-term value.
Yes 
No 
