ASTER Token Slides 75% From $2.41 Peak as Hyperliquid Leads Perp DEX Volumes and Open Interest

ASTER has dropped about 75% from its all-time high of $2.41 to around $0.62, even as 24-hour trading volume spiked above $300 million. Over the past week, Hyperliquid processed roughly $40.7 billion in perpetual futures volume and posted about $9.57 billion in open interest, outpacing Aster and other perp DEX rivals. Aster has launched a Strategic Buyback Reserve that allocates up to 80% of daily fees to token repurchases, but large token unlocks scheduled through 2026 continue to weigh on market sentiment.