Aster_DEX Surges 94.55% in 24 Hours, Attracts $1B TVL

Aster's latest price was $1.17, up 94.552% in the last 24 hours. This surge in price reflects the significant growth and market reception that Aster_DEX has experienced since its launch on the BNB Chain. The decentralized perpetual exchange recorded a trading volume of $345 million within the first 24 hours, with its Total Value Locked (TVL) surpassing $1 billion and attracting 330,000 new users. This initial market reception signals strong interest and support for the platform.

The success of Aster_DEX can be attributed to its strategic rebranding and focus on perpetual trading. The project, initially a merger between Astherus and APX Finance, underwent a rebranding in March 2025 to Aster. This rebranding was central to the project's ambition of leading the DeFi perps market, as stated by Dust, a core contributor. The clear strategic focus aims to ensure the project's longevity and competitiveness in the market.

The launch of Aster_DEX on the BNB Chain marked a significant milestone for the project. The platform's TVL grew from $660 million to over $1.005 billion, with its total trading volume since inception approaching $1.5 billion. This growth underscores the market's positive response to the launch and the community's trust in the project, which is backed by YZi Labs. The community's support and the platform's focus on building an open and resilient DeFi market have contributed to its success.

The market's positive response to the launch was further bolstered by a public endorsement from Changpeng Zhao, CEO of Binance. This high-profile acknowledgment significantly boosted the project's visibility and market engagement. The successful start of Aster_DEX also highlights the current interest in decentralized perpetuals protocols, especially on fast blockchains like BNB Chain. The community's trust in a venture associated with the influential YZi Labs provides a significant competitive advantage, setting higher standards and creating more community support.

On September 18, 2025, Aster's Token Generation Event (TGE) marked a crucial milestone for the protocol. Concurrently, the project executed a token swap involving APX tokens, representing the culmination of Aster's transition into its fully operational network state. This allowed token holders access to the project's utilities, further enhancing the platform's functionality and user engagement.

Aster is positioned as a decentralized exchange (DEX) and is frequently characterized within the market as a competitor to established platforms like Hyperliquid. Its emergence introduces new dynamics into the DEX competitive arena, aiming to provide alternative infrastructure and services within the DeFi landscape. The project's focus extends beyond mere exchange functionality, touching upon broader themes including privacy innovations within the financial sector.

In the context of 2025's evolving regulatory environment for DeFi and crypto platforms, the Aster Project positions itself as an initiative seeking to advance privacy solutions. This focus occurs against a backdrop of shifting international regulations, such as the EU's Markets in Crypto-Assets (MiCA) framework enforcing stricter compliance requirements, while other jurisdictions, like the US, grapple with providing clarity to foster innovation. The project's emphasis on privacy solutions aligns with the broader industry trend towards enhancing user privacy and security in the financial sector.