By Aster’s spectacular rise has continued into the new week, cementing its place among the most talked-about projects in decentralised finance (DeFi).
Notably, the decentralised exchange’s native token, ASTER, has delivered a staggering 2,457% gain in the past seven days, briefly touching a new all-time high of $2.36.
Alongside this price action, Aster DEX has overtaken Circle to claim second place in daily revenue and even edged past Hyperliquid, the year’s dominant perpetual futures platform.
Binance listing fuels the rally
Much of the momentum has been tied to Binance’s decision to launch ASTERUSDT perpetual contracts with 50x leverage on September 21.
The move signalled credibility and instantly boosted liquidity across the market. Within 24 hours of the listing, derivatives volume surged past $700 million.
The endorsement by Binance did more than provide access; it brought institutional attention and speculative capital into Aster’s ecosystem.
Other exchanges, including Hyperliquid and OrangeX, followed suit by adding ASTER derivatives, but the Binance listing stood out as the key driver.
The sudden exposure introduced the project to a wider audience.
It triggered a sharp increase in both spot and derivatives activity, and traders flocked in with hopes of catching the next breakout token.
In addition to the listings, Trust Wallet has announced that Perps with up to 100x leverage are coming soon to the wallet powered by Aster DEX.
Perps are coming soon to Trust Wallet. 100+ markets & up to 100x leverage. Powered by @Aster_DEX Advanced trading, designed for everyone.
The successful APX-to-ASTER migration
The APX-to-ASTER migration concluded just a day after the Binance listing, consolidating liquidity into the new token.
Around 704 million ASTER, representing nearly 9% of the total supply, were unlocked through the swap.
While this reduced immediate sell pressure from holders of the old token, it also raised the risk that early recipients could take profits once withdrawals are enabled on October 1.
Still, the migration has been seen as a milestone for the project. It provided clarity for investors, streamlined trading, and ensured that ASTER had the liquidity depth to compete with established perpetual exchanges.
The attention has now shifted to whether early holders will hold or sell after the unlock.
Whales, speculation, and the CZ effect
Away from the APX-to-ASTER token migration, speculation has intensified with the appearance of notable names around the project.
The on-chain analytics platform Arkham Intelligence on September 20 claimed that a wallet linked to YouTuber MrBeast had deposited $114,000 to buy ASTER, a claim that MrBeast denied, saying he had “never heard of that coin and that’s not my wallet.”
Never heard of that coin and that’s not my wallet. Also since we’re on the topic I’m never doing a meme coin so don’t get scammed by one pretending to be me.
At the same time, Arkham data flagged Binance as the second-largest BSC-USDT holder, sparking rumours of a deeper connection.
Some people have even tied Aster to Binance co-founder Changpeng Zhao, citing corporate filings and his previous posts endorsing privacy-focused trading models.
Whether or not CZ is directly involved, the perception alone has been enough to spark fear of missing out (FOMO) among retail traders.
The number of ASTER holders has jumped from 36,000 to nearly 50,000 in just two days, underscoring how much sentiment, rather than fundamentals alone, is driving the token’s parabolic rise.
Aster Chain in testing
Behind the excitement, the Aster team has been quietly preparing its next step.
The Aster Chain, now in testing, aims to redefine decentralised perpetual futures with sub-second precision, native perpetual integration, low fees, and a token buyback program.
Security audits and performance optimisations are ongoing, to launch a network capable of delivering faster, cheaper, and more secure trades.
If successful, Aster Chain could make the exchange even more competitive by removing the reliance on external networks and giving users a more integrated experience.
It represents a critical piece of the roadmap, one that could shift Aster from a hot token play into a sustainable trading hub.
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