Aster leads perp DEX holder count, outpacing ROLL five-to-one
Aster (ASTER)
Editor:
Eugene Serbin
intokened.com reports that Aster has accumulated 256,000 token holders, a figure roughly five times larger than its nearest rival, ROLL, which sits at 50,300. CryptoRank published this ranking of perpetual DEX tokens that held their token generation event within the past year, and BeInCrypto subsequently covered the data. The chart highlights that Aster leads among tokens launched after the market leader, Hyperliquid, which ran its TGE on 29 November 2024 and falls outside this specific window.
Aster launched in September 2025 and distributed tokens to a large number of wallets simultaneously, creating the wide gap seen in the holder count. Hyperliquid’s own airdrop reached more than 90,000 wallets at its TGE two years prior, eventually making it the ninth largest cryptocurrency. The metric counts addresses rather than unique persons, meaning airdrop farmers with multiple wallets inflate the total compared to exchange holders.
Despite having five times the holders, Aster’s token is worth roughly ten times less than Hyperliquid’s and has not matched its market valuation. Hyperliquid recently hit a new all-time high on the same day the holder chart was published. Coinbase has integrated Hyperliquid perps into its Base app for users outside the United States, a move that drives revenue distinct from holder counts. The article notes that $456 million in liquidated shorts occurred on venues where order flow volume defines the business, not just distribution.
How the market reacted
Whalio's own Binance spot order flow for ASTER, measured when this story was written up on 4 September 2026. Not the outlet's figures.
ASTER is trading at $0.7230 with a 24-hour spot volume of $10,971,723 and 41,618 trades. The 1-hour buy ratio is 46.6%, indicating a slight imbalance toward sellers in the immediate short term, while the 4-hour buy ratio stands at 53.2%, showing a modest preference for buyers over that slightly longer window. The 24-hour buy ratio is 49.1%, suggesting a near-even split in buying and selling pressure over the last day. Volume delta reflects this balance, with a negative $51,946 in the last hour and a positive $340,781 over four hours, resulting in a net negative CVD of -$402,200 for the 24-hour period. Net buying occurred in only 9 of the last 24 hours, indicating that selling pressure has been the dominant force for more than half the day.
The latest daily buy ratio of 50.1% sits at the 74th percentile of the last 281 days, against a median of 48.5% - stronger buying than most days.
Was that an ordinary day?
The same Binance spot measurements for ASTER, averaged over the days leading up to the story.
Over the preceding week, ASTER saw a 7-day average buy ratio of 49.3%, with the latest day showing a negligible 0.2 point drop from that average. Volume was 1.25x the weekly average, indicating heightened activity compared to typical days. The coin experienced a 3.0% price increase over eight days, accumulating a total volume delta of -$650,822. While volume is elevated, the buy ratio remains consistent with the weekly average, suggesting this is not an unusual shift in sentiment despite the higher trading activity.