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Aevo vs Aster

How Aevo and Aster differ on chain, volume, fees and model.

AevoAster
TypePerps + optionsPerp DEX (multi-mode)
ChainCustom Ethereum L2Multichain (BNB, ETH…)
How it worksA CLOB-based exchange on a custom Ethereum L2 unifying perps and options, with off-chain intent aggregation for efficient matching and low gas; specializes in emerging and pre-launch tokens.A perp DEX with both a simple mode and a pro order-book mode, multichain, growing rapidly to challenge Hyperliquid on weekly volume (TVL ~$1.2B).
Scale*Perps + options~$30B/wk
Max leverageup to 50xhigh
Best forOptions + pre-launch token perpsHigh-volume trading + airdrop upside

Aevo

  • Perps + options together
  • Strong on emerging / pre-launch tokens
  • Efficient off-chain matching
  • Smaller volume than top perps
  • Options add complexity

Aster

  • #2 perp DEX by volume
  • Simple + pro order-book modes
  • Multichain access
  • Younger than dYdX/Hyperliquid
  • Tokenomics still proving out

Bottom line

Pick Aevo for options + pre-launch token perps; pick Aster for high-volume trading + airdrop upside.

* Volume/TVL = dated snapshot (DefiLlama + venue reports, 2026).