Hyperliquid vs Aster
Same lines, side by side: fees, leverage, markets, KYC, custody and referral perks, from official pages and DefiLlama.
See the 14 differences
| Line | Hyperliquid | Aster |
|---|---|---|
| 30-day volume | Edge#01 · $204,136.0M | #02 · $64,919.0M |
| Trading fees | 0.045% taker · 0.015% makerSeven tiers on 14-day weighted volume: 0.045%/0.015% below $5M, 0.040%/0.012% above $5M, 0.035%/0.008% above $25M, 0.030%/0.004% above $100M, 0.026%/0% from $2B. Maker rebates are paid on each trade. Spot volume counts double toward the tier. | Edge0.04% taker · 0% makerBase tier on the standard VIP schedule. Selected"Group B" crypto pairs are charged 0.1% taker, RWA pairs a flat 1.25 bps, and USD1-quoted pairs have their own schedule. Every maker fee is 0 bps. |
| New-user perk | 4% off fees on your first $25M of volume | You choose how the 10% default commission is split, so part of it can be returned to the referee as a fee discount |
| Max leverage | up to 40× | Edgeup to 1001× |
| Perp markets | 234 | Edge610 |
| Identity check (KYC) | No KYC | Not documented |
| Custody | Non-custodial: positions signed from your wallet | Non-custodial, wallet or email login |
| Settles on | HyperCore (L1 Hyperliquid) | Aster Chain (own L1) |
| Collateral | USDC | USDC, USDT |
| Where it runs | Web | Web, iOS, Android |
| Chains | EdgeEVMArbitrum, HyperEVM | EVMBNB Chain |
| Documented features | 7 of 10 | Edge9 of 10 |
| Order book | Yes | Yes |
| Cross margin | Yes | Yes |
| Spot trading | Yes | Yes |
| Vaults / copy vaults | Yes | Yes |
| Copy trading | Not documented | Yes |
| Stocks, gold or forex | Yes | Yes |
| Points program | No | Yes |
| API | Yes | Yes |
| Mobile app | Yes | Yes |
| Telegram bot | No | Not documented |
Which one should you pick?
Pick Hyperliquid if
You want deep liquidity, low fees and a public fee ladder you can plan around.
The deepest perp book in the set by an order of magnitude ($204B over 30 days) and the cheapest base tier, at 0.045% taker and 0.015% maker. Everything settles on Hyperliquid's own L1, with USDC arriving mainly through Circle's CCTP from Arbitrum.
Read the Hyperliquid reviewapp.hyperliquid.xyz
Pick Aster if
You trade from a phone and want a large book of crypto, stock and commodity perps.
Second-largest perp venue in the set and one of the cheapest for takers: 0.04% on the main book, 0% for makers. The trade-off is volume quality: DefiLlama's normalized figure is far below the reported one, and the points campaigns pay for activity.
Read the Aster reviewSign up through this link: You choose how the 10% default commission is split, so part of it can be returned to the referee as a fee discount.
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