Aster Leads Perp DEX Tokens With 256,000 Holders, 5 Times Its Nearest Rival

  • Aster holds 256,000 token holders, roughly 5 times perp DEX rival RollX.
  • Seven perp DEX tokens launched this past year all trade below record highs.
  • Lighter counts 7,300 holders but ranks second by market cap at $1.08 billion.
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Aster (ASTER) leads every perpetual decentralized exchange token launched in the past year by holder count, with roughly 256,000 wallets. 

Data published Thursday ranked seven perp DEX tokens by holders. The spread runs from Aster at the top down to Paradex, which counted 582.

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Aster’s Holder Base Dwarfs Its Perp DEX Rivals

The ranking, compiled by CryptoRank, covers tokens whose generation events fell inside the past 12 months.

RollX (ROLL), a Base-network perpetuals platform, ranked second with 50,300 holders. GRVT (GRVT) followed at 30,900, and edgeX (EDGE) at 16,100.

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Lighter (LIT) placed fifth with 7,300. Backpack (BP) counted 5,100, while Paradex (DIME) trailed the group at 582.

Holder counts do not track valuation here. Lighter has a $1.08 billion market capitalization, second only to Aster’s $1.94 billion, despite its narrow base of holders. It signed a Circle revenue-sharing deal in February that drew institutional attention.

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Token Prices Lag Behind Holder Growth

The price tells another side of the story. ASTER traded near $0.719 on Friday, down 0.20% over 24 hours. That leaves the ASTER price about 70% below its $2.41 record from September 2025.

ASTER Price Performance
ASTER Price Performance. Source: BeInCrypto Markets

Every token in the cohort is trading below its all-time high. Paradex’s DIME fell 19% to roughly $0.0101, around 86% below its March peak. GRVT traded at $0.160, some 65% below its July high.

Several names rallied on Friday. EDGE jumped 36% to $0.629 after edgeX became the flagship perpetuals platform on Arc, Circle’s own blockchain. LIT rose 12% to $4.34.

Backpack’s BP added 6% to $0.452, while RollX’s ROLL gained 8.5% to $0.129.

The sector has reshuffled repeatedly this year, with perp DEX volume leadership changing hands more than once. Aster now has the widest distribution, though prices across the group have yet to follow suit.

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