- ASTER reached a new all-time high following a strong weekend and its recent listing on Binance.
- The token surged after support from Changpeng “CZ” Zhao and speculation over its competition with Hyperliquid.
- ASTER was created from a merger of two projects in December: APX and Astherus, both previously linked to Binance’s ecosystem.
- Despite online conjecture, CZ has denied direct involvement with ASTER, though he has shown public support for its progress.
- ASTER has outperformed Hyperliquid in recent trading volumes and price increases, though it still trails in total value locked and market cap.
ASTER, a decentralized perpetual trading platform, hit an all-time high in price after a weekend rally. The jump followed its listing on Binance and visible support from former Binance CEO Changpeng “CZ” Zhao. The developments spurred discussion in the crypto community about ASTER‘s rising status compared to established competitor Hyperliquid.
Official figures from DeFiLlama show that ASTER has surpassed Hyperliquid in decentralized exchange (DEX) volume on three out of five recent days. Over the last week, CoinMarketCap data indicates ASTER is up 2,500%, while HYPE, Hyperliquid’s token, has declined by 17%.
ASTER launched in December after the merger of two DeFi projects—APX, a decentralized exchange for perpetuals, and Astherus, which worked on liquidity products. Both initiatives were built on Binance’s BNB Chain. Astherus received venture capital from Binance Labs (now YZi Labs), intended to fund development and enhance user experience. The merged platform introduced yield-bearing products including USDF, a stablecoin, and asUSDF—a token that works similarly to “CeDeFi” products (blending centralized and decentralized finance), with assets held in Ceffu, a firm formerly known as Binance Custody.
After launching, ASTER was quickly listed on Binance. CZ drew attention to its price movement, posting encouragement but later clarifying he has no direct role. In response to speculation, he stated on social media, “I don’t even run a perp dex project. I just sh!t post,” and rejected rumors about corporate connections between YZi Labs and Binance. He also commented, “When one door closes, another one opens,” referencing his move away from Binance CEO duties after a plea deal over compliance issues.
ASTER claims to offer “hidden orders,” a feature that shields trading activity from public view—unlike much of DeFi, where trades are transparent. In a previous post, CZ suggested the market might benefit from a new “dark pool” (private) perps DEX, aligning with some of ASTER‘s features.
Currently, ASTER has not surpassed Hyperliquid in total value locked or market capitalization. However, activity is shifting quickly, as one commentator noted that DEX markets can see sharp and aggressive changes.
Further details, such as the migration of the APX token to ASTER, and specifics on airdrop farming and leverage offerings, contribute to ongoing interest and volatility in the platform’s user activity.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Jiuzi Holdings Plans $1B Crypto Bet Despite Less Than $1M Cash
- Trump Secures $12B Trade Deals With Uzbekistan, Kazakhstan
- Trump’s US Crypto Audit Now 172 Days Overdue, No Report Found
- Bastion Raises $14.6M Led by Coinbase Ventures for Stablecoin Tech
- Perp DEX Volume Hits $1.8T as Hyperliquid, Aster Gain Steam
