Aster Token Explodes 1,650% in First 24 Hours, Platform TVL Surges Past $1B – Is This the Next Hyperliquid?

Aster’s native token (ASTER) skyrocketed 1,650% in its first 24 hours of trading, reaching $0.528 while generating $345 million in trading volume and attracting 330,000 new ￰0￱ CZ-backed decentralized exchange platform saw its total value locked surge from $660 million to $1.005 billion, with platform volume approaching $1.5 ￰1￱ explosive debut follows months of anticipation after former Binance CEO Changpeng Zhao publicly endorsed the project multiple times, comparing its liquidity to “ Binance level ” and praising the team’s execution. Aster’s token gained listing on Binance Alpha within hours of launch, while the platform expanded perpetual trading offerings with up to 50x leverage across four new assets.

A significant first step for $ASTER on BNB Chain. • $345M traded in 24h • Price reached $0.528 (~1,650%) • 330K new wallets joined • TVL $660M → $1.005B • Platform volume near $1.5B Thanks to our community for the trust and support. We’ll keep focusing on building an open… ￰2￱ — Aster (@Aster_DEX) September 18, 2025 Aster Rapidly Growing with Infrastructure Expansion and Users Aster’s post-launch momentum accelerated through immediate feature rollouts, including ASTER/USDT perpetual trading with 4x leverage and hourly funding rate ￰3￱ platform has also enabled spot withdrawals, previously scheduled for October, via BNB Chain with 30-second processing ￰4￱ has also implemented multi-dimensional scoring in its Genesis Stage 2 program to reward smart traders beyond volume ￰5￱ metrics position Aster as a serious Hyperliquid competitor, with total users reaching 1.848 million and 7-day new user additions hitting 617,379.

At the time of writing, platform data reveals $449.8 million in total TVL, $517.2 trillion in cumulative trading volume, and 695,559 total traders.) The only DEX with 24/7 US stock perps 2) Yield Bearing margin: $USDF is native and functions similar to USDe, with additional yield based on activity 3) CZ doesn't tolerate competitors and historically has neutralized all competition… — ￰6￱ Geon-yeong (神建永), Ph. D. (@asparagoid) September 18, 2025 Additionally, it has a hidden order functionality that addresses concerns CZ previously raised about trader manipulation on transparent order ￰7￱ also leverages zero-knowledge proofs on its dedicated Aster Chain for confidential trade validation, while integrating Pyth Network oracles for tamper-resistant pricing ￰8￱ platform’s capital efficiency features include liquid staking through collateral tokens like asBNB and USDF, enabling users to generate yields while trading.) September 2, 2025 However, Aster’s current trajectory suggests potential for rapid market share capture, particularly given CZ’s track record with previously backed ￰9￱ Finance, another CZ-supported DEX, delivered 1000% returns in three days, while BNB surged from $0.09 to a new ATH of over $1000 under his ￰10￱ project potential 10x rallies for ASTER, citing the current $1.5 billion FDV compared to Hyperliquid’s $55 billion ￰11￱ competitive landscape is further intensifying as both platforms target institutional ￰12￱ secured Anchorage Digital Bank custody services and Circle’s native USDC ￰13￱ has also recently closed Native Markets for its USDH stablecoin .

However, Aster’s multi-chain strategy and traditional asset integration could capture market segments unavailable to Hyperliquid’s specialized ￰14￱ platform’s community-driven token distribution and governance model also greatly differentiates it from Hyperliquid’s more centralized structure.