Hyperliquid x ASTER Collaboration or Competition in DeFi?

Hyperliquid has officially listed the ASTER token, adding fuel to the ongoing “perps wars” in decentralized finance. Traders can now long or short ASTER with up to 3x leverage, but with warnings of high volatility and liquidation risk. This listing comes right after Aster’s explosive launch on the BNB Chain, boasting $345M in trading volume, $1B TVL, and over 300K new users within 24 hours. With Hyperliquid’s own token $HYPE hitting an all-time high, the race between perpetual exchanges like Hyperliquid, GMX, dYdX, and Aster itself is intensifying. Is this collaboration a win-win for both platforms, or the start of a new rivalry in DeFi? Let’s break it down. Stay tuned as we cover the latest in DeFi, exchanges, and token launches. Like, subscribe, and keep learning — here at Blockchain Reaction. 📌 Tags Hyperliquid, ASTER token, ASTER Hyperliquid, Hyperliquid ASTER listing, Hyperliquid HYPE token, ASTER crypto explained, perpetual exchange DeFi, perps wars 2025, DeFi competition, decentralized exchanges, GMX vs Hyperliquid, dYdX vs Hyperliquid, ASTER token launch, Aster BNB Chain, ASTER price, ASTER volume, Hyperliquid trading 📌 Sources https://hyperliquid.xyz https://coinmarketcap.com/currencies/aster https://cointelegraph.com/news/hyperliquid-explained https://www.binance.com/en/blog/ecosystem/aster-token-launch-recap https://defillama.com