Aster Surges 6,000% in Crypto Market, Backed by Yzi Labs and CZ

Aster's latest price was $0.010, down 8.039% in the last 24 hours. Aster has been making waves across the crypto market after its launch on September 17. The token has surged by more than 6,000%, an extraordinary move that has captured the attention of traders and investors worldwide. The explosive rally underscores the growing momentum behind Aster, which positions itself as a decentralized perpetual exchange aiming to disrupt the sector. The token’s rise is not just a speculative event—it comes backed by Yzi Labs and carries the public endorsement of former Binance CEO Changpeng “CZ” Zhao, giving it credibility and visibility from day one. This combination of institutional support and high-profile advocacy has accelerated adoption and fueled confidence in Aster’s potential to challenge established platforms.

Despite its sharp gains, Aster’s price action reflects the volatility typical of newly launched tokens, with investors closely watching whether it can sustain momentum and establish a stable range. Market participants are now debating whether this breakout signals the start of a long-term trend or a short-lived speculative frenzy. Either way, Aster has positioned itself as one of the most closely watched tokens of the moment.

Top analyst Big Cheds recently shared a technical perspective on Aster, highlighting a notable shift in market structure. According to him, the token displayed a hammer candle earlier this week, a classic reversal signal that suggested a potential bottom. Since that moment on Monday, Aster has followed through impressively, surging more than 70% and printing a new all-time high. This sequence of technical signals confirms not only the validity of the setup but also the strength of buying momentum behind the token. The hammer candle, followed by decisive upward action, signals a trend shift that traders often interpret as the beginning of a sustained rally. This strong follow-through shows that market participants are willing to accumulate Aster aggressively, even in the face of broader market volatility.

However, the coming days will be crucial. The crypto market is entering a cautious phase, with liquidity tightening and altcoin volatility increasing. Against this backdrop, Aster’s ability to maintain momentum will be tested. As a direct competitor of perpetual DEX leaders like Hyperliquid and newer challengers such as Avantis on Base, Aster faces a demanding path forward. Yet, with strong technical signals and growing community backing, analysts suggest Aster could be positioning itself for significant expansion in the coming months.

On September 24, 2025, Aster CEO Leow Luen Jie revealed that the team is developing its own Layer 1 blockchain. The new chain is in internal testing and aims to enhance trade privacy while keeping transactions verifiable. The announcement lined up with ASTER reaching a fresh all-time high, drawing attention even in a flat market. Perpetual trading activity has exploded. Aster reported $21.4 billion in daily perpetual trading volume, generating $9 million in revenue that outpaced rivals like Hyperliquid. The performance has pulled in new traders who view Aster’s on-chain liquidity as an edge. Market data also shows whales have been accumulating ASTER steadily since last week. Their positioning has added more demand during the rally, further driving the price upward.

Part of the excitement is coming from Aster’s community push around Season 2 of its points farming program. Crypto analyst Shawn noted on X that only 4% of tokens are released in this round but participation is already 30 times higher than in Season 1. Shawn shared that market orders generate double points and advised participants to watch fees and slippage while farming. He also highlighted the higher weight for converting USDT into USDF or asBNB. The thread has been shared widely by Aster’s followers, adding to the buzz. Many got rich from $Aster. Aster’s S2 is live until Oct 5. Don’t miss your chance to farm low-cost chips. Here’s my guide to farming points efficiently and grabbing your share. Only 4% of tokens are released this round—half of S1—but participation is already 30x higher. The points system rewards profitable trading activity, so participants are optimizing trades rather than chasing high volume alone. The strategy has created steady on-chain activity and liquidity, keeping attention on the token. Support from Binance co-founder Changpeng Zhao has also given traders more confidence. His backing has made Aster a trending topic across trading forums. The combined mix of whale inflows, perpetuals volume, and fresh user activity is helping maintain price momentum.

Aster has maintained significant market presence driven by substantive ecosystem developments rather than speculative activity. The project's CEO, operating under the name Leonard, maintains complete anonymity while emphasizing rigorous technical audits as a cornerstone of the platform's credibility. This approach appears to align with strategic technical upgrades across its operational framework.

Technological advancement remains central to Aster's roadmap. The CEO has publicly revealed plans for a proprietary Layer-1 blockchain, signaling a commitment to infrastructural independence and scalability. Concurrently, technical progress includes active engagement regarding a potential listing on the Binance exchange, indicating broader market integration ambitions. These parallel developments highlight the project's focus on building robust foundational technology and seeking wider accessibility.

Operational performance metrics showcase growing adoption within its target market segment. Aster has demonstrably surpassed competitor Hyperliquid in critical areas like trading volume and overall platform revenue, achieving this lead position consecutively across multiple days. This sustained performance points towards gaining significant traction in the decentralized derivatives marketplace. Enhancing user experience also appears key, with preparations underway to reduce fees and accelerate transaction block times across its supported networks.

Substantial investor activity further underscores the project's perceived momentum. Blockchain data indicates concentrated accumulation by major holders, with reported large-scale purchases occurring within condensed timeframes. This pattern of investment, often associated with entities holding considerable resources, coincides with ongoing technical milestones and ecosystem growth, suggesting recognition of Aster's expanding platform utility.