Passive Yields and Leverage Power Aster’s $7M Revenue Milestone

Aster’s Protocol has set a new milestone, generating $7.04 million in 24-hour contract revenue, according to data from DefiLlamatitle1^[1]. This marks a record high for the decentralized perpetuals exchange (DEX), surpassing Hyperliquid’s reported $2.79 million and placing it second only to Tether’s $21.99 million and Circle’s $7.72 million in the same timeframetitle1^[1]. The surge underscores growing demand for Aster’s platform, which combines yield-bearing collateral and high-leverage trading across multiple blockchains.

The platform’s success is attributed to its innovative “Trade & Earn” model, enabling users to deploy yield-generating assets like asBNB and USDF as margin for perpetual contractstitle5^[4]. This dual-income approach—allowing traders to earn passive yields while leveraging their positions—has attracted significant liquidity. As of September 23, over 331,864 Ethereum was locked in Aster, signaling strong capital retention and user confidencetitle2^[2]. The platform also briefly overtook Hyperliquid in DEX volume, recording $793 million in daily trading activitytitle2^[2].

Aster’s rapid ascent has been bolstered by high-profile endorsements. Binance founder Changpeng Zhao (CZ) publicly praised the project, while YouTube personality MrBeast purchased $114,000 worth of ASTER, pushing the token to an all-time high of $1.97title5^[4]. Social media influencer MoneyLord highlighted Aster’s potential, forecasting daily revenue could climb to $10 million as liquidity grows and token supply is burnedtitle2^[2]. These developments have amplified the platform’s visibility, drawing both retail and institutional attention.

Market dynamics further reflect Aster’s momentum. Galaxy Digital’s associated address withdrew 24 million ASTER tokens, valued at $46.56 million, while another whale moved 3.46 million ASTERtitle1^[1]. These movements suggest increased participation from large investors, though they also highlight risks of concentration. Despite these challenges, Aster’s revenue remains resilient, with Bybit listing ASTER as its first centralized exchange partnertitle5^[4]. The token’s price has risen 13% in the last 24 hours, trading at $1.72title2^[2].

However, sustaining growth will require addressing competitive pressures. While Aster briefly led in DEX volume, Hyperliquid has since regained ground, moving from ninth to seventh in rankingstitle2^[2]. The platform must also navigate regulatory uncertainties and technical risks, including its reliance on Binance’s infrastructure for USDF stablecoin operationstitle5^[4]. Analysts note that Aster’s long-term success will depend on maintaining its technological edge and expanding its multichain ecosystem beyond BNB Chain, Ethereum, Solana, and Arbitrum.

Aster’s tokenomics, with a capped supply of 8 billion ASTER and a focus on community incentives (53.5% airdropped), aim to foster decentralization and user loyalty. The platform’s roadmap includes launching Aster Chain, a privacy-focused Layer 1 blockchain with zero-knowledge proof integration, to enhance security and scalabilitytitle5^[4]. These steps position Aster to compete in the $100 billion+ perpetual DEX market, though execution will be critical in retaining market share against established rivals like Hyperliquid and dYdX.