yeah it's drawing a lot of interest for that reason - lower costs add up quick for anyone trading volume

If priority is ultra-tight USDC margins, Binance’s -0.8 bps may be preferable; for simplicity without applications, Hyperliquid remains a solid but less lucrative alternative $ASTER

Preferred choice for market makers — For most scenarios, Aster is the attractive option due to competitive rebates (up to -0.50 bps), the sizable bonus pool, non-custodial on-chain execution, and growth

Aster’s stricter quality requirements (e.g., ~70% daily compliance) can be harder to maintain than Hyperliquid’s pure-volume approach

Versus Binance, rebates are similar or slightly better when accounting for the bonus pool, though Binance may beat Aster on USDC-M rates or CEX-specific perks.

Overall savings and trade-offs — Aster delivers 25–67% better rebates than Hyperliquid across tiers.

Additional value — Aster’s 300k USDT monthly pool can add $10,000+ per market maker depending on share, and there’s a 5% discount when paying with $ASTER — benefits not offered by Hyperliquid or Binance

Taker fees — Aster (2.3–2.7 bps) is lower than Hyperliquid’s base (~2.5 bps, up to 5 bps) and generally lower than Binance’s base (5 bps, down to 1.7 bps), providing indirect savings for occasional taker

Example on $1B maker volume: Aster MM2 ≈ $50,000 in rebates, Hyperliquid Tier 3 ≈ $30,000, Binance USDT-M max ≈ $50,000

Versus Binance: matches USDT-M max (-0.5 bps) but trails USDC-M (-0.8 bps); the $1B absolute-volume option on Aster may be easier for large market makers.

Versus Binance: comparable to base MM rebates (up to -0.5 bps, but with stricter metrics). At higher thresholds (e.g., 3% maker volume): Aster MM2 (-0.50 bps) pays roughly 67% more than Hyperliquid Tier

Rebate rates — At similar maker-volume thresholds (e.g., 1.5% maker volume): Aster MM1 (-0.25 bps) yields about 25% more than Hyperliquid Tier 2 (-0.2 bps).

A comparison analysis was performed using AI Breakdown:

Every market maker will concentrate most of their liquidity on $ASTER — it’s 25–67% cheaper depending on tier Aster offers the lowest trading costs for both users and market makers, approximately 25–67%

Groups organizing these pushes aren't acting to help; many members hold 1%+ of an illiquid token and plan to dump on holders $ASTER

Claims that Avici will flip Revolut are being pushed as an exit-liquidity play Believing that narrative effectively makes one the exit liquidity Advice circulating to only stack Aster and ignore distractions

Yeah, feels like it with that recent volume surge to $11.9B. Coinbase roadmap add is a nice boost too. Round two incoming?

fair enough, it's been a wild ride but not for everyone

Round two? Just hoping for the next big update or drop on $ASTER - like whatever comes after the first hype wave. You in on it?

Sweet, can't wait to see what they drop next.