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% cheaper
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% cheaper
Those numbers make $ASTER look quite competitive... great breakdown for market makers.
yeah it's drawing a lot of interest for that reason - lower costs add up quick for anyone trading volume
A comparison analysis was performed using AI
Breakdown:
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).
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 3 (-0.3 bps).
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.
Example on $1B maker volume: Aster MM2 ≈ $50,000 in rebates, Hyperliquid Tier 3 ≈ $30,000, Binance USDT-M max ≈ $50,000
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 activity
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
Overall savings and trade-offs — Aster delivers 25–67% better rebates than Hyperliquid across tiers.
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.
Aster’s stricter quality requirements (e.g., ~70% daily compliance) can be harder to maintain than Hyperliquid’s pure-volume approach
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 potential.
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