Aster [$ASTER] extended its rally, gaining more than 10% over 24 hours to reach $0.65. The move followed growing regulatory optimism around decentralized perpetual futures exchanges, venues where traders take leveraged positions directly on-chain instead of through a centralized intermediary.

President Donald Trump said CFTC Chair Mike Selig was working to bring Hyperliquid into the United States, adding that the process would happen in a "fully compliant and legal fashion." Because Aster directly competes with Hyperliquid, traders appeared to treat the news as a sector-wide catalyst. Trading Volume and the Funding Rate also increased, placing $0.67 and $0.80 under focus.

Could Hyperliquid's U.S. entry help Aster?

Trump's comments strengthened optimism across the already bullish crypto market. A compliant U.S. entry for Hyperliquid could signal a more accommodating environment for decentralized derivatives.

The stakes are structural. U.S. futures and swaps markets fall under the Commodity Futures Trading Commission, which requires venues serving American traders to register, and the agency has previously taken enforcement action against decentralized trading protocols that operated without registration. Hyperliquid, among the largest decentralized perpetuals venues by trading volume, has largely served traders outside the United States. A documented onshore path would therefore mark a shift for the sector, not just one platform.

As a perpetual futures DEX backed by Binance co-founder Changpeng Zhao [CZ], Aster could benefit from greater sector-wide attention and capital. Zhao recently argued that any preferential treatment granted to one firm should extend across the industry. That stance makes the $ASTER rally unusual: traders are pricing a rival's regulatory progress as Aster's opportunity.

Does Aster's volume confirm the rally?

$ASTER's Trading Volume climbed from $55 million to $152 million over 24 hours, nearly tripling. The expansion confirmed stronger participation behind the 10% price gain.

Sustained Trading Volume could help $ASTER challenge $0.67. However, volume must now survive beyond the regulatory headline.

Are $ASTER traders becoming too bullish?

Derivatives positioning also leaned bullish. $ASTER's OI-Weighted Funding Rate stood at 0.0069%, meaning Longs paid Shorts to maintain their positions. The positive reading reflected a modest long bias.

Further increases could crowd Longs and raise liquidation risk during a reversal. Funding confirmed optimism, while also showing where the rally could become vulnerable if price stalled.

Can $ASTER reach $0.80?

$ASTER bounced from $0.60 support and reclaimed the 20-day, 50-day, and 100-day EMAs. The token then tested the 200-day EMA near $0.67.

Reclaiming these averages strengthened the short-term and medium-term structures. However, the 200-day EMA remained the longer-term hurdle.

A decisive close above $0.67, supported by Trading Volume, could open the $0.80 range high. A rejection could return $ASTER toward the reclaimed EMAs before another breakout attempt.

Hyperliquid opened the regulatory door. $ASTER must prove rival platforms can walk through it too.

Final Summary

$ASTER gained over 10% as Hyperliquid's potential U.S. entry lifted decentralized derivatives optimism. Aster's Trading Volume nearly tripled from $55 million to $152 million.