Aster Sees Strong Growth After Token Launch on BNB Chain
Decentralized perpetual exchange Aster reported major growth within 24 hours of its native token launch. The platform recorded $345 million in trading volume and surpassed $1 billion in Total Value Locked (TVL). It also gained 330,000 new users, showing strong market interest.
Launch Details and Market Response
The $ASTER token was launched on September 17, 2025, backed by YZi Labs. Aster’s TVL rose from $660 million to over $1.005 billion in one day. Total trading volume since launch nears $1.5 billion. The platform thanked its community for support and emphasized its goal to build an open and resilient DeFi market.
The project began after a strategic merger between Astherus and APX Finance. In March 2025, the company rebranded as Aster, focusing on perpetual trading to strengthen its market position. Dust, a core contributor, said the rebranding is “central to our ambition of leading the DeFi perps market.” He added this focus will ensure the project’s longevity.
The $ASTER token price surged about 1,650% to $0.528 on its first day. This price jump reflects strong trader interest and confidence in decentralized derivatives. Binance CEO Changpeng Zhao congratulated Aster on its successful start.
Significance for Decentralized Perpetual Trading
Aster’s launch highlights growing demand for decentralized perpetual protocols on fast blockchains like BNB Chain. The platform’s strong numbers in the first 24 hours confirm this trend. Support from YZi Labs also gives Aster a competitive edge, boosting community trust and setting higher standards in DeFi.
