Part 6/14:
A defining feature is Aster’s use of extremely high leverage, up to 250x, with safety notices and restrictions at such extremes. Notably, it boasts resistance to MEV (Miner Extractable Value) attacks and avoids the complexities of traditional order books, trading transparency, and funding rates. Aster supports continuously perpetuated perpetual swaps on stocks like Apple and Tesla, uninterrupted by market hours or weekends—highlighting its speculative and flexible nature. It also includes opaque dark orders—hidden trades that help shield users from frontrunning—and allows using yield-generating assets as collateral, maximizing capital efficiency.
Contrasting Philosophies and Technical Architectures
The core divergence between Hyperlquid and Aster can be summarized as: