Decentralized perpetual exchange Aster has reported significant growth across key metrics within the first 24 hours of its native token launch on the BNB Chain. The platform recorded a trading volume of $345 million, saw its Total Value Locked (TVL) surpass $1 billion, and attracted 330,000 new users, signaling strong initial market reception.
Market Debut
The YZi Labs-backed protocol detailed its early success following the token generation event for its native asset, $ASTER, on September 17, 2025. The platform’s Total Value Locked (TVL) grew from $660 million to over $1.005 billion, while its total trading volume since inception is now approaching $1.5 billion. Aster thanked its community for the support and reiterated its focus on building an “open and resilient DeFi market.”
The launch is an important step for the project, which started when Astherus and APX Finance merged strategically. In March 2025, the company changed its name to Aster, with a new focus: perpetual trading, meant to strengthen its place in the market.
Dust, a core contributor of the project, said that the rebranding was “central to our ambition of leading the DeFi perps market.” He also said that this clear strategic focus would make sure that the project would last for a long time.
The market responded positively to the launch. The price of the $ASTER token surged approximately 1,650% to a high of $0.528 in its first day of trading. The price action shows that traders are very interested in the platform and have faith in its goal for decentralized derivatives. Changpeng Zhao, CEO of Binance, congratulated the company on a good start.
The successful start of Aster shows current interest in decentralized perpetual protocols, especially on fast blockchains like BNB Chain, which can be enforced by the big numbers in the last 24 hours. Furthermore, the community’s trust in a venture associated with the influential YZi Labs provides a significant competitive advantage, which sets higher standards and creates more community support.
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