Aster, a decentralised perpetuals exchange backed by YZi Labs, has seen explosive growth following the launch of its native token on BNB Chain. Within the first 24 hours of the $ASTER token’s debut on September 17, the platform registered $345 million in trading volume, crossed $1 billion in total value locked (TVL), and added 330,000 users.
The milestone marks a turning point for the protocol, which emerged earlier this year through the merger of Astherus and APX Finance before rebranding as Aster in March. The project’s shift toward perpetual trading was described by core contributor Dust as central to its goal of becoming a leader in the decentralised derivatives market.
Market reception has been strong, with the $ASTER token price climbing roughly 1,650% to a peak of $0.528 on its first day. The surge reflects trader enthusiasm and confidence in Aster’s model, drawing attention from high-profile figures including Changpeng Zhao, who publicly congratulated the project.
Since its inception, Aster’s cumulative trading volume has approached $1.5 billion, underlining growing demand for decentralised perpetual platforms—particularly on fast, scalable networks like BNB Chain. Backing from YZi Labs has further strengthened community confidence, giving Aster a competitive edge as it scales.
