Binance Lists Aster (ASTER) on Spot Market
Binance has announced the listing of Aster (ASTER) on its Spot Market. Trading for ASTER/USDT, ASTER/USDC, and ASTER/TRY pairs will begin on October 6, 2025, at 12:00 UTC. Deposits opened earlier at 09:00 UTC, and withdrawals will start on October 7 at 12:00 UTC. Binance waived the listing fee, showing strong support for new blockchain projects.
The ASTER smart contract runs on the BNB Smart Chain (0x00..556A). Binance confirmed that users can trade ASTER on its Alpha Market now. The token will move to the Spot Market once official trading starts. After the transition, Aster will be removed from Alpha, and its trading volume will no longer count toward Alpha Points. Users can transfer balances from Alpha to Spot accounts within 24 hours of the listing.
Concerns Over Aster’s Rapid Growth
On October 5, reports questioned the legitimacy of Aster’s fast growth. The YZi Labs-backed Perp DEX platform saw its native token, ASTER, surge by 7,000%. Aster outperformed competitors like Hyperliquid and quickly topped TVL and trading volume charts.
However, this rapid rise raised doubts from DeFi analytics platform DefiLlama. Its founder, 0xngmi, noted that Aster’s perpetual trading volumes closely mirrored Binance’s volumes. He said, “Aster doesn’t make it possible to get lower level data such as who is making and filling orders.” Due to potential wash trading concerns, DefiLlama decided to delist Aster’s perpetual data.
We’ve been investigating aster volumes and recently their volumes have started mirroring binance perp volumes almost exactly
Chart on the left is XRPUSDT on aster, you can see the volume ratio vs binance is ~1
Chart on the right is XRP perp volume on hyperliquid, where there’s… pic.twitter.com/MwVD7rRyEn— 0xngmi is hiring (@0xngmi) October 5, 2025
Market Reaction and Price Update
Crypto analyst Simon Dedic praised DefiLlama’s decision, stating, “Shoutout to 0xngmi, founder of DeFiLlama, for making the tough call… Slowly but surely, their house of cards is starting to collapse.” Despite the controversy, Aster’s price remains stable.
According to CoinMarketCap, ASTER trades at $2.01, up 0.55% in the last 24 hours. Its trading volume exceeds $1.57 billion.
ASTER’s Binance listing highlights its growing popularity. However, price volatility and volume concerns suggest traders should exercise caution. Early gains may seem attractive, but careful decision-making is essential.
