Lighter vs Hyperliquid vs Aster — 7D Perps Metrics Snapshot

A quick comparison of three leading perp DEXs over the last 7 days:

🔹 Perps Volume

Lighter: $36B

Hyperliquid: $35B

Aster: $32B

🔹 Open Interest (24H)

Lighter: $1.7B

Hyperliquid: $7B (dominant)

Aster: $2.5B

🔹 Fees Generated

Lighter: $1.7M

Hyperliquid: $14M

Aster: $6.5M

🔹 Efficiency Highlights

Lighter leads in turnover (23.6x) → capital-efficient trading

Hyperliquid leads in fee yield (3.82 bps) and ~51K DAU

Aster sits in the middle with strong 13.5x turnover

🔹 Infrastructure

Lighter: Ethereum + ZK Rollup

Hyperliquid: Native L1 + HyperCore

Aster: BNB Chain + Orderbook Perps

Takeaway:

Hyperliquid dominates revenue and user activity, Lighter shows the highest capital velocity, and Aster offers a balanced middle ground.. #BinanceAlphaAlert