Aster vs trade.xyz

Split decision: Aster leads on Most tradable markets on a perp DEX, live count per venue (586 vs 108) and Perp DEX asset breadth (124 vs 109); trade.xyz leads on Perp DEX volume share, live 24h notional ranked ($2.48B vs $1.49B) and Perp DEX volume to open interest (0.634x vs 1.216x). Data as of 2026-09-23 UTC.

Read methodology Last measured Window: rolling 24h4 shared benchmarks
Aster logo
Aster

Aster is a decentralized perps exchange (ex-ApolloX, backed by YZi Labs) on BNB Chain and other EVM networks, with a Binance-compatible API and 8 hour funding periods.

trade.xyz logo
trade.xyz

trade.xyz operates the largest HIP-3 builder-deployed dex on Hyperliquid: 70+ tokenized US equity, index, and commodity perp markets under the xyz namespace, collecting a deployer fee on every fill.

Side by side measurements

Perp DEX asset breadth: non-crypto markets live, stocks + indices + forex + commodities

Trading

Aster

Leads

124

p99
124
rank
#3
samples
2,875

trade.xyz

Trails

109

p99
109
rank
#5
samples
2,875
Non-crypto markets
Astern/atrade.xyzn/a

Counts reflect each venue's live market catalog at query time, mainnet only. The asset class comes from the venue's own metadata where it publishes one; Hyperliquid HIP-3 dexes and dYdX publish none, so their symbols are matched against the crypto markets the other venues list and a fixed table of forex, commodity and index names. Tokenized gold (PAXG, XAUT) is a crypto token and is not counted. A market counts once whether it trades 24/7 or only during exchange hours.

Rolling 24h · Non-crypto marketsRaw JSON

Perp DEX volume to open interest: 24h turnover per dollar of OI, live

Trading

Aster

Trails

1.216x

p99
1.545x
rank
#8
samples
2,875

trade.xyz

Leads

0.634x

p99
0.702x
rank
#5
samples
2,875
Volume / OI (24h)
Astern/atrade.xyzn/a

The ratio is a screen, not a verdict. Both terms are the venue's own figures (24h volume and open interest as each API reports them, in USD), so a venue that counts both legs of a fill moves its ratio without changing anything real. A very low ratio (Ostium, 0.2x) means positions held for days on thin daily volume; a very high one (Kalshi, above 40x) means a day of trading dwarfs what stays open. The bands in the methodology say what each range usually means.

Rolling 24h · Volume / OI (24h)Raw JSON

Frequently asked questions

Aster vs trade.xyz: which one is better?

Aster and trade.xyz are compared on 4 shared OpenChainBench benchmarks. Aster leads on Most tradable markets on a perp DEX, live count per venue. trade.xyz leads on Perp DEX volume share, live 24h notional ranked. See the live table on this page for every metric.

Which has the higher active markets, Aster or trade.xyz?

On the Most tradable markets on a perp DEX, live count per venue benchmark, Aster leads at 586 versus trade.xyz at 108. Live measurement is updated continuously by the OpenChainBench harness.

Which has the higher 24h perp volume, Aster or trade.xyz?

On the Perp DEX volume share, live 24h notional ranked benchmark, trade.xyz leads at $2.48B versus Aster at $1.49B. Live measurement is updated continuously by the OpenChainBench harness.

How is the Aster vs trade.xyz comparison measured?

Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.

Related comparisons

How this pair was selected

Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.

Live data refreshes via ISR within 60 seconds of a new run. Sources are the same Prometheus queries surfaced on the parent benchmark pages.